In mid-August, India and the United Arab Emirates (UAE) started settling bilateral trade in their local currencies with Indian Oil Corporation Ltd paying the Abu…
The M&M & RBL Bank Saga
Little over a decade ago, on June 24, 2013, Mahindra & Mahindra Financial Services Ltd had an extremely volatile day on the bourses after the…
A Step-By-Step Approach To CBDC
Last week, I got this mail from my bank: Dear customer, XXXX Bank is delighted to invite you to participate in the pilot of digital…
Good Fun For Banks, But For How Long?
The combined net profits of 32 listed private and public sector banks (PSBs) were up 40.56 per cent in FY23 to close to Rs2.29 trillion…
The Death Of A Defaulter
The chairman and a few senior executives of a non-banking financial company (NBFC) moved the Bombay High Court last week, seeking to quash a first…
Expect Status Quo, Both For Rate And Stance Of The RBI Policy
Continuing its fight against rising inflation, the US Federal Reserve in the last week of July raised interest rates to a 22-year high. It raised…
When P2P Platforms Behave Like Deposit-Taking NBFCs
Are you aware of India’s most flexible investment product? If not, here it is. It offers up to 12 per cent return. The funds can…
How Many Years Should A CEO Run A Bank?
Uday Kotak, MD and CEO of Kotak Mahindra Bank Ltd, will step down on December 31, ending his close to 21-year tenure since February 2003….