Asset reconstruction companies can buy the bad assets from banks by paying cash or offering security receipts that get redeemed a few years later. In…
Bimal Jalan | You have to be decisive on fighting inflation
Mumbai: Bimal Jalan, former governor of the Reserve Bank of India (RBI), says, “Whatever option you finally choose and what you feel should be done,…
What ails asset reconstruction firms?
Asset reconstruction firms in India, through a trust, buy stressed assets of banks and financial institutions at a discount, recover them, and earn a fee…
Sanjay Nayar | It’s a tough environment to exit
Mumbai: Sanjay Nayar, chief executive officer of KKR India Advisors Pvt. Ltd, the Indian arm of one of the world’s largest private equity (PE) funds,…
Should RBI intervene in currency market?
Reserve Bank of India (RBI) deputy governor Subir Gokarn has hinted that the Indian central bank is close to the end of its monetary tightening…
Shachindra Nath | We are looking for the right partners
Mumbai: Religare Enterprises Ltd, the financial services company controlled by billionaire brothers Malvinder and Shivinder Mohan Singh, is positioning itself as a serious contender for…
Anatomy of 12 rate hikes in 19 months
The tightening cycle, in fact, started even before that, in January 2010, when RBI raised banks’ cash reserve ratio, or the portion of deposits that…
We need a Hazare in the financial sector
Bank chiefs unwilling to play ball just ask for an email or fax on the particular account and the requests are never repeated as no…