Finance News - Page 4

How Uber, Ola and Meru are changing economics of private car ownership

One of the side benefits of expanding the radio taxi business is that they may ultimately succeed in taking more private cars off the road. The economics is now moving against private car ownership.

RBI financial stability report: An infra-bomb is ticking in state-run banks’ books

State-run banks, in particular, are already in a dangerous position on account of three major issues — shortage of capital, lack of autonomy and the huge level of stressed assets

Jaitley's optimism vs RBI's caution: Why FM should read rate panel's minutes closely

Adequate recapitalisation of banks, coupled with a pick-up in public investments, can get the economy back on the growth trajectory. At least, that is what the Mint road seems to believe

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken.

Here's why tax benefits for e-payments in curbing illegal cash is a clear winner

The first step to take customers out to the paperless world of transacting is by encouraging ATM use in the initial stage. For this, banks should make ATM transactions free

Now plastic route to plug black money: Govt mulls tax benefits for card payments, cash wallets

Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.

Big boost for public banks as govt plans to infuse Rs 57,000 cr in 2 years

The government has already started assessment of capital requirement of public sector banks

Mr FM, if PSU banks don't move their butts, payment banks will steal their lunch

E-wallets are already growing fast, and when payment banks enter the picture, public sector banks will find customers moving their low-cost deposits elsewhere. They are going to face further dents to their profitability.

Jaitely’s reluctance to fund banks is dangerous; weak lenders will derail India story

Does this government have the courage to embrace such a radical reform step?

A Mallya case study: Judiciary shouldn't play spoilsport when banks deal with crony-raj

It is high time judiciary exercised a bit more caution while dealing with cases like Kingfisher Airlines

RBI debt recast norms: Banks will be left holding the bag if no buyers for firms turn up

Equity conversion may not do much help in actual recovery of money unless banks manage to pull off a quick sale of the distressed assets

Reserve Bank allows banks to take control of companies that fail debt restructuring

The measure was part of a set of guidelines announced by the RBI on Monday on the SDR scheme, which provides a more flexible process for lenders to recover bad loans.

A farm loan bubble in the making: Public banks wouldn't love a good drought

It is high time the government separated politics and economics of the agriculture sector and stopped fixing annual farm-loan targets for banks

SBI union stand-off: Bank should use this chance and hive off its associates

Instead of pushing for merger with associates, SBI should use this window of opportunity to divest stake in subsidiaries

RBI rate cut: Cheaper EMI an illusion unless banks get over their profit hunger

Nine large Indian bans have NIMs above 3 percent while US banks' average stands around 2.95 percent

RBI policy today: A cut in CRR should do the trick to nudge banks to lend more

It is important at this stage to make lendable capital available for banks to resume the credit expansion and, thus, rejuvenate the economic growth

Three reasons why it may be premature to celebrate India's GDP at 7.3%

There are three areas, where economists have raised concerns, despite GDP numbers suggesting that India is now the world's fastest growing economy.

Microfinance loans are growing at a scorching pace, but it's a warning signal

The industry numbers released by microfinance institutions network (Mfin), an industry body of micro lenders, for the fiscal year 2015 indicate a very sharp pick up in the number and quantum of loans.

IBA signs pact with unions: Banks see Rs 4,725 cr outgo as staff get 15% wage hike

In the wage revision exercise, 11 employees unions and officers associations participated

Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

More than being an individual case, banks' approach to Kingfisher and its disgraced King should set a strong example for other wily promoters

Ignore the markets: A year on, India Inc still firmly behind Narendra Modi

Forbes India-BMR Advisors survey of India Inc shows most feel govt is pro-development

Modi's one year: Arun Jaitley's all-is-well rant conveniently misses unpleasant part

The reason for a change to waning investor sentiments from the days of euphoria is absence of much-needed structural reforms in the economy

Post Bank of India may be dream as yet, but “imposters” wouldn’t wait

When contacted, a senior official of the postal department too denied any connection with the website/blog

Modi’s one year: Investor confidence in India is waning and Jaitley is to be blamed

Jaitley's strategy for the banking sector was flawed from the beginning

Interest rate lobby should prod Jaitley to refuel banks; an RBI cut is useless otherwise

Banks are unlikely to go for one more round of rate cut in the near future given the stress on their interest margins

Bank of Baroda Q4 profit halves to Rs 598 cr but shares rise 17%. Here's why

BoB is an encouraging signal

Schemes for poor are fine but why is govt not addressing banks' quality, cost concerns

The banking system should have been given the breathing space to properly implement the schemes

Punjab National Bank's numbers signal persisting pain on public sector banks

Until this point, the script for state-run banks is not that different from what was seen in the recent quarters

Rs 7,000 cr question: Why are public banks still going soft on tagging Mallya wilful defaulter

If left unchecked, wilful defaulters can take the Mallya’s route and drag lenders to court rooms to delay action