“The move to allow promoters to hold 26% of the paid-up voting equity share capital of the bank seems to be a way of turning the exception allowed to Kotak Mahindra Bank into a policy decision, uniform to all banks,” said independent banking analyst Hemindra Hazari. “In my view, this would undermine the credibility of RBI as it has allowed independent private banks to arm-twist the regulatory body."
The raison d’etre of credit rating agencies (CRAs) is to anticipate events such as defaults before they occur. With access to companies’ privileged information,...
Does anyone remember why India opened up the insurance sector to private, including foreign, investment at the start of this century?
A quarter of a...
https://www.youtube.com/watch?v=5uCKFV_uH04
Indian economy faces twin problems of poor demand and high food inflation. The Budget needs to increase total expenditure/GDP and fiscal deficit to provide...