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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.
A deep dive into why the central bank hasn’t been able to get money into the right hands to revive growth, one of the most dicey economic problems today.
Meet Munish Sahgal. He is an ideal business owner for banks to lend to as his credit score remains intact despite the COVID-19 pandemic and he has no history of defaults. Yet, Sahgal had to chase his bankers, and tag CEOs in emails and tweets in order to get them to approve a new loan or provide him a moratorium on his loan repayments last year.
Sahgal sits out of New Delhi and runs a fashion accessories business with a presence in over 600 malls in the country. While his top-line came crashing down last year in the wake of …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
