Crisis of confidence in banking provides an opportunity to unleash reforms

-
The government's response to the issue of bad loans has been to bail out the errant banks with taxpayer's money

from Finance https://ift.tt/2MMea5C
v

Comments

Post a Comment

You are requested to mentioned your full name with email id while commenting.




I would like to request you to join our following services.
It is the smartest way to stay on top of latest Mutual fund, Bonds & IPO News .

 Product Updates on whatsapp


 Product Updates on Email 

                                                   
 Product Updates on Telegram



You will get daily news updates for FREE. 
I also request you to spread the world by referring us to the smartest people you know.  

To share it with your friends, 
just Copy below message it & paste in your group

Subscribe to Our WhatsApp, Email & Telegram Update Service ! https://bit.ly/3ryhxBM
     

Popular Posts

Rupee falls to 5-month low, bond yields continue to rise

-
Rupee falls to 5-month low, bond yields continue to rise On Wednesday, the rupee ended at 61.5/dollar, a five-month low, compared with its previous close of 60.85/dollar, owing to increased demand for dollars after data showed the US was on a recovery path. There is concern the US might resort to raising interest rates sooner than expected, due to which emerging markets such as India will see outflows. The rupee opened at 61.04/dollar and, during intra-day trade, touched a low of 61.53/dollar. On March 5, it had closed at 61.76 a dollar. Since the beginning of this financial year, the currency has depreciated three per cent. "On Wednesday, the Reserve Bank of India (RBI) intervened through state-run banks, but in small volumes. There was not much dollar supply," said Sandeep Gonsalves, forex consultant and dealer, Mecklai & Mecklai. RBI's foreign exchange reserves are only $23 million short of its all-time high of $320.79 billion, recorded on September
Read more

Lessons from the Satyam scam

-
Lessons from the Satyam scam The signs of the Satyam scam should have come almost three weeks before when Ramalinga Raju proposed to buy a controlling stake in sister concern Maytas for around Rs 7,000 crore. When the institutional investors opposed vehemently, the company decided to go against it. Three weeks later on January 7, Raju confessed to 'cooking' Satyam's books. Within the next few days, the share price crashed to almost Rs 10 causing losses of over Rs 5,000 crore to around 300,000 investors. In the past five years, a number of companies have been suspended or fallen into bad times with Pyramid Saimira, Deccan Chronicle and Kingfisher Airlines being some of the more prominent examples. Usually, in such situations, individual investors get caught on the wrong side even if they have invested in such stocks through mutual funds. Sample this: When Satyam declared that they are withdrawing the proposal to buy the controlling stake in Maytas, many brokerage
Read more

A Great Opportunity to get Heigher Return with safety by investing in DHFL Fixed Deposit Scheme !

-
Image
                                                                                   Scheme Valid only for AMC Empolyee / Relatives       Form Download Call Back Series Send Whatsup – 98916445052           -- SMC Global Securities Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and has filed the Draft Red Herring Prospectus with the Securities and Exchange Board of India ( SEBI ) and the Stock Exchanges. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the Book Running Lead Manager i.e., ICICI Securities Limited at www.icicisecurities.com and the Co- Book Running Lead Manager i.e., Elara Capital (India) Private L
Read more