RBI clamps down on Edelweiss group; imposes restrictions on ECL Finance, ARC
In the latest instance of strict actions against non-banking lenders, the Reserve Bank of India (RBI) on May 29 announced supervisory actions against ECL Finance...
Why Corporates Must Be Kept Away from Banking Business
Narayanan Vaghul, the former ICICI Bank chairman who passed away recently, was a key figure in Indian banking and a strong opponent of corporate entry...
Why Arvind Kejriwal, Not Rahul Gandhi, is a Better Bet to Salvage the INDIA Alliance
In the 2024 general elections, if there is one factor that has brought the opposition parties together, it’s Arvind Kejriwal’s arrest. Ever since Kejriwal’s arrest...
What Happened to Modi’s Big Promise on Black Money?
Recovering black money and cleaning up the financial system were major promises made by Modi and the BJP since 2014. Not only has there been...
As polls progress, farm loan waivers make a comeback
Soon after Telangana Chief Minister Revanth Reddy on April 23 vowed to waive off loans up to Rs 2 lakh by August 15, Andhra Pradesh Congress chief...
Is India’s banking sector set for a high-growth phase?
Most banks have reported better-than-expected earnings in the last quarter (Jan-March) showing improvement in asset quality and healthy credit growth. Banks’ books look much cleaner...
Adani looking at Paytm stake buy, say reports; Paytm denies talks
Business conglomerate Adani Group is keen on a stake in One 97 Communications, the parent of Paytm, the Times of India reported on may 29....