Nov 22, 2016 - Here's how RBI saved the rupee from wild swings

One WhatsApp mistake can empty your bank account; SBI makes important announcement One WhatsApp mistake can empty your bank account; SBI makes important announcement - In order to make customers aware of the banking frauds, India's largest lender State Bank of India (SBI) took to microblogging site Twitter to highlight a few points to exercise caution and stay vigilant at all times. Read More

Modi govt mustn’t hesitate to make Covid vaccine free for Indians. It only costs Rs 80,000 cr Serum Institute CEO Adar Poonawalla asked if the government is willing to pay Rs 80,000 crore to vaccinate all Indians. The money isn’t such a big deal. Read More

Global private equity firms scout for mispriced commercial assets in India As the effects of Covid-19 become clearer and the economic impact more certain, experts believe investors mindsets will shift to exploiting market mispricing opportunistically and positioning for later market cycles in line with global megatrends. Read More

Some developments in Dhanlaxmi Bank warrant immediate corrective steps: AIBOC to RBI In a letter written to RBI Governor Shaktikanta Das, All India Bank Officers' Confederation (AIBOC) said it is a well-known fact in the banking industry that misplaced priorities and supervisory laxities had wreaked havoc on Dhanlaxmi Bank a decade ago. Read More

Borrowers seeking loan moratoriums rose after June; will be judicious on loan recasts: Axis Bank "The 9.7 (per cent) was the number as of June 30. Obviously over a period of time some more customers do ask for moratorium, so I can definitely say that the number has gone up a little bit rather than coming down, which has happened for everyone," Chaudhry told in an interview Read More

VG Mathew of South Indian Bank to demit office on September 30 He had led the bank for 6 years Read More

Good news for SMEs! Yes Bank joins hands with BSE to empower small business companies Yes Bank has signed an Memorandum of Understanding (MoU) with BSE — India’s premier exchange and the world’s fastest Stock Exchange to empower the SME segment. Read More

VG Mathew to retire as MD and CEO of South Indian Bank, Murali Ramakrishnan to succeed VG Mathew, MD and CEO of South Indian Bank is demitting from the office on September 30 due to his retirement. Read More

India metals tycoon Anil Agarwal seeks $5 bn for turnaround fund: Report The billionaire is working with London-based Centricus Asset Management Ltd on the fund, which will have a 10-year life span and use a private equity-type strategy Read More

The new bizarro world of SPACs Private equity firms are creating SPACs — to take private companies public. Read More

Courtesy lending to women aspirants, Avanse raises USD 15 mln Read More

Exclusive: PharmEasy changes internal legal structure, consolidates units for better valuation The change in legal structure means that API Holdings will also own Ascent Health and Wellness Solutions Pvt.Ltd - a separate pharma supply chain and credit platform, which also acts as a business-to-business (B2B) distribution entity for PharmEasy. Read More

An urbanisation master plan: how to crank up India’s economic engine and improve quality of life Urbanisation is key to Indias economic growth. While large cities must be centres of innovation, mid-sized cities should specialise in manufacturing and services. This will increase productivity and improve the standard of living. But to achieve this, the country needs a vibrant municipal-bond market, which will help optimise infrastructure investment and empower local administration. Read More

How have Indian businesses been impacted during and after the lockdown? Covid created various operational and financial challenges for Indian businesses. During the lockdown, approximately 71.31% of the businesses dealt with reduced cash flows with the manufacturing sector being the worst hit. Additionally, delay and cancellation of projects have also been a major cause of concern, especially in the tertiary sectors. Read More

India among worst performing economies in world; stimulus inadequate: Abhijit Banerjee Abhijit Banerjee, currently a professor at Massachusetts Institute of Technology (MIT), said he does not think that India's economic stimulus was adequate. "India's economic stimulus was limited. It was a bank bailout. I think we could have done more," he said. Read More

India’s ‘shambolic’ central bank delay holds back recovery The RBI deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision.In India, appointments to key positions by the government -- from heads of state-run banks to deputy governors at the RBI -- can be a lengthy process fraught with delays Read More

Bandhan Bank strengthens leadership team, ropes in ex-Bajaj Capital CEO as digital head It has appointed former Bajaj Capital chief executive Rahul Parikh as the bank's digital head as the bank broadens its digital presence to improve customer services. Earlier in the month, the bank hired ICICI Bank veteran Kumar Ashish as head for “emerging entrepreneurs business" vertical. Read More

From a venture debt fund to a tech-driven financial solutions firm – the journey of Trifecta Capital Being a venture debt fund for the last five years, Trifecta Capital is now opening its tech expertise to help the startup ecosystem with finance management tools. Read More

Centre’s fiscal deficit may skyrocket to 9% of GDP this year; these twin issues weigh on govt’s coffers While the budgeted fiscal deficit in the year was Rs 8 lakh crore, an additional deficit of Rs 9.8 lakh crore is projected due to various shortfalls and expenditure. Read More