Economist Abhijit Banerjee has won the 2019 Nobel Economics Prize along with two others. Here is an interview he gave Business Standard in January.
A section of the market expects the government to borrow at least Rs 7 trillion, up from its current fiscal's Rs 6 trillion
Shaktikanta Das reiterated that growth should be taken care of even during inflation battle
The RBI Act was amended in November 2016 to make the goal as "maintaining price stability keeping in mind the objective of growth." Before that, growth was a clear objective of the RBI
Indian banks are seriously capital-starved and the introduction of global stressed assets funds can only increase the buyers' base
The minimum maturity profile of the ECBs should be three years, except certain cases
The bonds will have a call option, which means the management can buy back the bonds, if they wish to, after a specific period
The NBFCs suggested that the RBI should reduce the minimum holding period to 3 months for loans having maturity of 2-5 years
Outstanding NRI deposits stood at $125.68 billion in November, from $121.53 billion in October
While dollar bond issuance in 2017 was at $13.11 billion, it dropped to $6.09 billion in 2018
If prices hit $85 a barrel, the deficit on account of oil would be $106.4 billion - 3.61% of India's GDP - reveals study
FPIs have been complaining about restrictions on investments put on debt issuance, but the government removed those in September, as rupee was depreciating
The merged entity will become India's third largest bank after SBI and HDFC Bank
Banks have requested a relook on its February 12 circular that makes a firm a defaulter as soon as it misses a payment within the due date
Over the past several months, the airline has struggled to pay vendors and staff salaries on time
Vijaya, Dena shareholders to get 402 & 110 shares, respectively, of BoB for every 1,000 held
To be eligible, the MSME account should remain a 'standard asset' as of January 1
Stress tests reveal that the losses could be around 7.6 per cent and 13.6 per cent of the capital at the system level under the assumed scenarios
Many past illustrious RBI governors were government officials, Shaktikanta Das would have to take their legacy forward
The decades' old method of impounding bank deposits is making way for a more robust system