Page 2 - K V Kamath

Govt appoints KV Kamath as chairperson of newly set up Rs 20,000-cr DFI

Centre to appoint its two nominees this week

Govt appoints veteran banker K V Kamath as chairperson of NaBFID

The institution has been set up to support the development of long-term non-recourse infrastructure financing.

India set for stronger performance going forward, says KV Kamath

The country's economy is set for a stronger performance going forward, driven by growth in large corporates, agriculture and most importantly digital startup sector, veteran banker KV Kamath said

Time to be brave, stretch fiscal deficit targets to aid growth: Kamath

Veteran banker K V Kamath on Friday said it is "time to be brave" for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth.

Only nine large firms' debt of Rs 59,000 crore recast by banks so far

Kamath panel approved all the nine proposals of banks

Future Retail board approves resolution plan to restructure financial debt

The restructuring would be according to the Reserve Bank of India's circular for companies under stress due to the Coronavirus pandemic.

Banks brace for fresh round of war against NPAs

As it prepares to bring to a close the most difficult year in history, the banking industry is gearing up to tackle a fresh bout of bad loans

Financial services space set for disruption over next 10 years: Kamath

Not just banking but the entire financial services space is set for disruption over the next 10 years, which will lead to reduction in transaction costs, veteran banker K V Kamath said on Friday. He said technology is transforming the way banking is done and bankers need to internalise this. Citing the first wave of change brought about in the banking space 20 years ago, Kamath said it changed the sector in a positive way. "Unless you internalise it's going to be a digital world...we will see a very quick evolution of this space in the next 10 years. It's not just bank but entire financial services space is set for disruption, not necessarily a negative way, it can be also in a positive way," the former president of New Development Bank said. Speaking at the Times Network India Economic Conclave, he said disruption will bring down transaction costs dramatically. For example, technology has brought down the intermediation cost for micro-credit, Kamath pointed out. He said bankers

Economic reforms to drive India sovereign rating, says K V Kamath

Veteran banker K V Kamath on Wednesday expressed optimism that India's sovereign rating would go up on the back of efforts being taken by the government to push economic reforms. Participating in a virtual event organised by India International Centre (IIC), Kamath, former chief of Shanghai-based New Development Bank, further said that he does not think rating agencies can hold India's rating "where it is". "With all the efforts (economic reforms) the government of India is making, I think that sovereign rating itself would go up. Because, I don't think rating agencies can hold India's rating where it is," Kamath said. The Economic Survey had expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals. Global ratings agencies have the lowest investment-grade rating on India, which is just above the junk status. In June 2020, Fitch Ratings revised India's outlook to 'negative' from 'stable' .

Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

GDP contraction to job losses amid Covid-19: 2020, the year of new lows

The economy floundered, manufacturing contracted and job losses mounted across sectors and skill levels. The urban work force was hit the hardest.

Top headlines: Kamath says economy well placed; 100% FDI in DTH services

From K V Kamath saying that economy well placed to capitalise on recovery in 2021 to the ongoing Wistron controversy, here are top headlines this morning

Economy well placed to capitalise on recovery in 2021, says K V Kamath

In an interview with Abhijit Lele, K V Kamath'said India needs to be mindful of the pain that exists in the self-employed category and those with unsecured loans

Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal

Govt's economic advisor stresses there is no demand-driven inflation yet in the economy

SC asks govt, RBI to put K V Kamath panel's debt recast report on record

Case hearing adjourned to Oct 13 by when Centre and RBI will submit additional affidavits to chalk out steps to bring shape to proposals made on waiver of interest on interest for small borrowers

Is the 'ageism' bias avoidable in business?

Creative (and increasingly tech) businesses are said to have an 'ageist' bias

RBI debt restructuring scheme to benefit resilient sectors more: Crisil

Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed

RBI's loan restructuring scheme: Here's how it benefits you

The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both

Top headlines: Jio plans to roll out 100 mn phones; PUBG sheds China link

From Kamath panel recommendations to rating firms reworking their India FY21 GDP forecasts, here are top headlines this morning

Kamath panel recommendations: 1,027 listed firms eligible for debt recast

These exclude banks, insurers, and NBFC