For those who don’t remember the case, the context here is the RBI action to write down Yes Bank’s AT1 bonds as part of a rescue plan. A stock exchange clarification from Yes Bank’s RBI-appointed administrator, Prashant Kumar, in March said the AT1 bondholders will get nothing as per the condition of the reconstruction scheme. This, logically, came as a jolt to many investors, both retail and institutional. … [Read more...] about Banking Central: RBI ko gussa kyon aata hai?
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By : Vrishti Beniwal and Suvashree GhoshThe coronavirus outbreak may finally accomplish what India’s shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic. Electronic fund transfers from banks, which had dropped in April as economic activity slowed almost to a halt, have also rebounded.“People who have never paid a bill online are paying online, people who have never bought groceries online are buying online,” said Nityanand Sharma, chief executive officer of Get Simpl Technologies Pvt Ltd., which allows people to order groceries and food online and pay every two weeks. “What would have taken five years has happened in the last three months.”Prime … [Read more...] about Virus boosts digital payments in India where cash ban failed
आरबीआई के गवर्नर शक्तिकांत दास ने कहा, "देश में महंगाई के काबू में रहने की उम्मीद है. पेट्रोलियम, बिजली उत्पादों की खपत में कमी दर्ज की गई है." आरबीआई गवर्नर शक्तिकांत दास ने … [Read more...] about भारतीय रिजर्व बैंक ने रेपो रेट 0.40% घटाया, घटेगी आपकी मासिक किस्त
All three options do look exciting but they cater to different segments of market participants and can't be bunched in one category. If someone wants to invest for long-term wealth creation, then ‘Bharat Bond ETF, Rosari Biotech, and Yes Bank IPO are preferred choice, filtered on the basis of wealth creation/protection of capital. … [Read more...] about Rossari Biotech IPO, Bharat Bond ETF & Yes Bank FPO: Where should investors put their money?
It was a crucial encounter. Australia had won the first Test, and India had won the 2nd Test. The third Test had ended in a draw which meant both the teams had all to play for in the final encounter. Unfortunately for India, skipper Virat Kohli suffered a should niggle while fielding in the 3rd Test and he was ruled out from the Dharamsala Test. … [Read more...] about ‘Virat Kohli informed me he’s not fit’: When Ajinkya Rahane led India to Test win over Australia in 2017