The Reserve Bank of India (RBI) has once again taken firm action against a prominent player in India’s financial services industry. On May 29, the RBI imposed strict restrictions on two firms…
Author: Pradeep Jayan
Pradeep Jayan is a keen oberver of national and international affairs. He writes regulalry on pressing issues that concerns Indians from a global perspective.
RBI Just transferred Rs 2.1 trillion to government. Do you want to know how?
On May 22, the Reserve Bank of India (RBI) announced an unprecedented surplus transfer of Rs 2.22 lakh crore to the government, sparking widespread speculation. This amount is significantly higher than the…
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 Limited and Edelweiss Asset Reconstruction Company Limited…
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 into the banking sector. Vaghul was firm…
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 on March 21 until his release about…
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 no progress on the black money front,…
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 YS Sharmila echoed the promise to her…
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 at this point. For instance, HDFC bank’s…
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. According to the report, Paytm founder and…