Severe coins crunch in actual estate leaves beleaguered banks exposed

India may have a notion the worst of an awful loan disaster become past, but an extreme coins crunch inside the real estate enterprise ought to augur sparkling strife for its banks. A hunch in the residential assets marketplace is leaving many builders suffering to pay off loans to shadow lenders – housing finance companies […]

The biggest classes for India from the PMC Bank fiasco

When Kiran Gupte noticed televised images of anguished depositors breaking down and weeping out of doors the branches of Punjab and Maharashtra Co-operative Bank (PMC) during the last fortnight, sour emotions got here flooding lower back. Since 2014, each time he has heard of a person thinking about depositing money in a cooperative bank, he […]

HDFC Bank, marketplace’s preferred megabank

All around HDFC Bank Ltd., India’s biggest lender via market price, the information appears to be horrific and getting worse: monetary growth is slowing, loan losses are growing and shadow banks are mired in disaster. And yet traders maintain piling into HDFC Bank’s stock, satisfied it will emerge a winner from India’s financial woes. The […]

Rich rewards: the satisfactory books on how banking rules the arena

When the headline on the front page of the Financial Times proclaims capitalism desires a “reset”, there should be something incorrect. But why has our economy grown to be so rapacious and unsustainable? Economist Gerald Epstein locates the blame in the way in which financialization has converted the global financial system. Financialization and the World […]

Altico and Mashreq method RBI towards HDFC Bank

Mumbai: Altico Captial and Dubai’s Mashreq Bank have approached the Reserve Bank of India, accusing HDFC BankNSE 1.29 % of violating regulatory provisions by debiting a part of the finances the organization had raised thru outside business borrowing (ECB) and parked at the Indian financial institution. HDFC Bank, which additionally had lent money to Altico, […]

Paintings starts offevolved on stronger rules for cooperatives

NEW DELHI: The Prime Minister’s Office is preserving near tabs on traits related to fraud-hit Punjab and Maharashtra Cooperative (PMC) Bank, two senior officers said. The Reserve Bank of India (RBI) and finance ministry have started out operating on a progressed framework for the oversight of cooperatives, they said. The cap of Rs 25,000 on […]

Mega Bank mergers: FinMin moves to ensure easy HR transition

The mega bank merger plan to consolidate as many as 10 public quarter banks into four huge entities may not face submit merger Human Resources (HR)-associated issues if the Finance Ministry has its way. To smoothen the mixing and deal with HR-associated matters flagged by way of employees as well as their associations/unions, the Finance […]