Paytm has lost nearly 50% of its market value, resulting in roughly $3 billion of its shareholder wealth. It hit a record low of Rs 380.10 earlier in the day.
Paytm has lost about 43% of its market value since the RBI told Paytm Payments Bank on Wednesday to stop accepting fresh deposits in its accounts or popular wallets from March.
Govt's first advance estimates peg India’s nominal GDP growth at 8.9%, lowest since Covid-hit 2020-21 & lower than 10.5% assumed at start of year. This could put pressure on fiscal deficit target.
A team of technically-savvy key personnel with diverse skill-sets has allowed govt and RBI to formulate sound arguments in place of the earlier rhetoric-based rebuttals.
RBI's Financial Stability Report & Report on Trend & Progress of Banking in India show growing inter-connectedness between banks and non-bank financial companies could pose systemic risk concerns.
Share of gross non-performing assets of Scheduled Commercial Banks has fallen consistently since March 2018. But RBI report shows recoveries from written-off loans remain low.
The former RBI governor batted for direct cash transfers to citizens, but said these become a problem if the transfers are untargeted and competitive before polls.
RBI’s monetary policy committee voted to keep interest rates unchanged at 6.5%, says RBI Governor Shaktikanta Das. Adds, inflation is set to ease further to 5.2% by end of financial year.
The recent resignations of its seniormost judges are among the most pointed institutional protests Pakistan has witnessed since the lawyers’ movement of the late 2000s.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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