It is increasingly a good time to deposit money and an increasingly costly affair to take a loan. Banks are finding that their avenues for lending are more curtailed.
Prime Database showed banks have raised over 3.51 trillion rupees through certificate of deposits in April-October, 22% higher than the 2.87 rupees raised in 2021-2022.
This is a step back from the directions it issued in 2020, when it allowed banks operating from the International Financial Services Centre Banking Units to trade in the NDF segment.
Hikes this year to combat inflation will only lift net interest margins. The agency also added that banks' profitability would be reduced by losses on government securities holdings.
A little over 110 firms listed their shares in Mumbai this year, raising almost $18 billion. The fees raked in by banks are more than four times the previous record in 2017.
Biggest failing of the bankruptcy code is its institutional infirmity. A US-style debtor-in-possession bankruptcy may have been far more suitable to India’s on-the-ground reality.
The legal tussles pit India’s lenders, central bank and government against corporate borrowers struggling to survive amid lockdowns prompted by Covid-19.
Addressing the 73rd annual general meeting of the Indian Banks' Association, Finance Minister Sitharaman also asked banks to ensure all accounts are linked with Aadhaar number.
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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