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What are sanctions and can they stop Russia’s invasion of Ukraine?
World

What are sanctions and can they stop Russia’s invasion of Ukraine?

Sanctions are commonly non-military coercive measures that can be applied to diplomatic, economic and cultural relations between states

India-Russia relations distinct from Washington's equation with Moscow, that's okay: Biden administration
World

India-Russia relations distinct from Washington's equation with Moscow, that's okay: Biden administration

Russia has launched multiple attacks on several areas in central and eastern Ukraine, drawing widespread condemnation and sanctions from several countries, including the US

United States and European allies step up, impose personal sanctions to target Putin directly
World

United States and European allies step up, impose personal sanctions to target Putin directly

Ukraine's ambassador to the US, Oksana Markarova, called the allies' decision to freeze the assets of Putin himself the right one

US sanctions on Russian oligarchs miss richest of rich
World

US sanctions on Russian oligarchs miss richest of rich

US sanctions target Russian President Vladmir Putin and a handful of individuals believed to be among his closest security advisers, including foreign minister Sergey Lavrov

Joe Biden and Europe waiting on SWIFT sanction against Russia
World

Joe Biden and Europe waiting on SWIFT sanction against Russia

Ukraine has sought for Russia to be excluded from SWIFT, but several European leaders would prefer to stay patient because a ban could make international trade more difficult and hurt their economies

Don’t ban cryptocurrencies, instead set up a regulatory body
Business

Don’t ban cryptocurrencies, instead set up a regulatory body

The potential of crypto is enormous and banning it would be throwing the baby out with the bathwater

Only way a bank can survive is by growing or else NPAs will become unmanageable: KV Kamath tells Network18
India

Only way a bank can survive is by growing or else NPAs will become unmanageable: KV Kamath tells Network18

The interest rates have started dropping, but they need to drop even further if the banks have to come around without too much pain, veteran banker KV Kamath tells Network18 Group Editor-in-Chief Rahul Joshi in an exclusive interview.

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected
Business

Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected

Banks were the biggest drag for the 30-share BSE barometer which ended 674.36 points lower at 27,590.95.

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Business

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity

Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced
India

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced

Defending the Citizenship (Amendment) Act, Nirmala Sitharaman maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public.

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector
Business

Union Budget 2020: Finance Minister Nirmala Sitharaman has her task cut out for crisis-ridden banking sector

In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.

Gross NPAs of banks may fall to 8% by March 2020, but NBFCs may continue to face challenges: Report
Business

Gross NPAs of banks may fall to 8% by March 2020, but NBFCs may continue to face challenges: Report

The system has been afflicted by the scourge of high NPAs for nearly five years now, which has led to networth erosion and also led to discovery of scams in the sector.

Demonetisation good move to boost economy though people faced hardships, says HDFC MD Aditya Puri
Business

Demonetisation good move to boost economy though people faced hardships, says HDFC MD Aditya Puri

Aditya Puri also backed the Narendra Modi government's endeavour to promote digitisation in the banking system

Bank of Baroda, Dena, Vijaya Bank merger: No real winners here; one bad apple can spoil the whole bunch
Business

Bank of Baroda, Dena, Vijaya Bank merger: No real winners here; one bad apple can spoil the whole bunch

This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most

Hard lessons from demonetisation: Try a long-term way to combat black money, avoid Bollywood-style hold-ups
Business

Hard lessons from demonetisation: Try a long-term way to combat black money, avoid Bollywood-style hold-ups

One thing that can indeed be said with certainty is that the effort by Prime Minister Narendra Modi in November 2016 was a gamble.

Hike in small savings rates: Govt may reduce market borrowing in second of FY18, says report
Business

Hike in small savings rates: Govt may reduce market borrowing in second of FY18, says report

Interest rates for small savings schemes are notified on a quarterly basis.

RBI data on demonetisation: NDA's disruptive economic move has some hits, but main targets are missed
Business

RBI data on demonetisation: NDA's disruptive economic move has some hits, but main targets are missed

It does appear that demonetisation has brought back all the cash to the system meaning thereby that cash is still very important.

Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers
Business

Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowers

The Reserve Bank on Monday came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers

NPA crisis: Bankers brainstorm with finance minister Piyush Goyal on improving sector's heath, credit flow
Business

NPA crisis: Bankers brainstorm with finance minister Piyush Goyal on improving sector's heath, credit flow

Goyal said the banks may also consider having an oversight company with retired judges or vigilance officers to advise on the health of the banks