Non-performing assets (NPAs) have become a major challenge for both public and private sector banks in India. In the exuberant milieu that started way back in 2004-05 and continued for three years until the global financial crisis in 2008, large corporations conceived major project proposals in capi...
Arguably, the year will be remembered and referenced in days to come for a mixed bag of economic events. If it was for the ushering in the GST regime in the country on the one hand, the unmasking of banking frauds that unfolded the NPA mismanagement story in the Indian banking system, should be the ...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at the end of its first bi-monthly meeting of the new fiscal year on April 5, 2018, took the decision to maintain its benchmark repo interest rate at 6%. This decision has been taken for the next two months. Consequently, the rev...
The present LDF government of Kerala is proactive about providing social securities to its migrant labourers. As many as 15 lakh migrant workers, mainly from Odisha, Bengal and Assam, work in the state. The estimate of workers made by the Gulati Institute of Finance and Taxation, Trivandrum, is much...
The United Nations Organisation (UNO) has recently recognised Bangladesh’s eligibility as a developing country from a least developed country (LDC). This evaluation by the UN was formally announced by Sheikh Hasina, Prime Minister, Bangladesh, on the 99th birth anniversary of Bangabandhu, Sheikh M...
Dear Readers,Bandhan Bank, which started about two years back, came up with an IPO to mobilise Rs 4,473 crore with an issue price of Rs 375. Shares of Bandhan Bank are presently trading at more than Rs 500 per share, 33% higher than the issue price. With a market capitalizat...