What has it done to address rural distress, banking sector recapitalisation and need for increased public investment? Can it do the above and meet the fiscal targets through better monetisation of government assets, rather than resorting to steep taxation or [Read More…]
The marginal cost-based lending rate or MCLR that has kicked in from April 1 replaces the base rate system that was introduced with much fanfare six years ago. In theory, MCLR is fairly straightforward. The bank declares its MCLR every [Read More…]
‘Most emerging market central banks have uncompensated CRR, and it typically varies between four per cent and 15 per cent.’ ‘The battle on inflation is never won.’ ‘I will not cut deposit rates but will raise rates in some maturities [Read More…]
The big news is that Tata Steel will on Monday start the sale of its troubled UK business, which is a large chunk of the capacity that came its way when it acquired Corus for $13 billion in 2007. Once [Read More…]
The members-only club for CEOs has few guests at lunchtime. Kanoria, based in Kolkata, is visiting the financial capital on business. Srei is one of the few non-banking financial companies in the country to have survived and succeeded for over [Read More…]
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