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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While RBI’s PCA framework for NBFCs puts the spotlight on some big names, steelmakers queue up for a loss-making public sector unit.
Advait here. After banks, the Reserve Bank of India has now turned its attention to non-banking financial companies, or NBFCs, and has set a deadline for them to take corrective action. Some big names in the non-bank lending space are already sweating. But is this a backward-looking exercise? Separately, a question is being raised as the race for Neelachal Ispat Nigam heats up. Why are steelmakers desperate to buy a loss-making, state-owned entity? Read on.
NBFCs are in for tough times. On Tuesday, the Reserve Bank of India came out with a prompt corrective …
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
