Four friends suddenly decided to go on a weekend trip. A number of arrangements were to be made – booking tickets, arranging transportation and reserving hotel. The time was limited. One of them suggested that the others pay him through Google Pay and he will make the arrangements online, which he...
In this digital age, business processes are witnessing makeovers every other day. The efficacy of the age old brick and mortar concepts are being challenged by fast moving technologies which are lighter on time and cost. Globally, the banking space including the shadow banking segment, has also been...
Way back in 2008, when Arjun Shetty and his wife Rati, both working in Seattle, USA, were exploring various options which included re-locating to India, they started looking for financing avenues for setting up their home in Chennai. “We found the system to be laborious. We had to go from pillar t...
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 ...
It started with the first shot in the trade war fired by the US President Donald Trump. It was not unexpected, as he fought his presidential election campaign promising action against “unfair trade practices” and “manipulative exchange rate” polices of China and vowed to protect American job...
Cheery news always tends to get dwarfed by depressing news. That is the news world’s counterpart of Gresham’s Law in economics: bad money drives out good money! The news on the economic health released on February 27 gladdened the policy makers and the public alike. The economy recor...
The RBI has been imposing PCA (prompt corrective action) in carrying out banking activities against several Public Sector (PSBs) banks to recover their financial health and improve their book values. As of now there are 11 banks on which restrictions have been imposed. What are the bases of impositi...
A recent KPMG report titled ‘India’s gold loan market: Is the glitter fading?’ says that the organised gold loan market in India is expected to grow to over Rs 3 lakh crore by 2020 at a three-year compound annual growth rate (CAGR) of 13.7%. The report further cites the World Gold C...
It is often the case in India that big entrepreneurs do business with the help of public money borrowed from banks and other financial institutions. They expand their business, borrow again and use it for some other businesses. Their names feature in the list of top billionaires but when it comes to...
