Tuesday , November 24 2020
Home / Tag Archives: Indian Economy/Financial Markets

Tag Archives: Indian Economy/Financial Markets

RBI’s Trends and Progress of Banking in India Report available from 1949 onwards

The link says these reports have been up since 1997 but somehow I have missed them. Anyways, just like RBI has put up its Annual Reports, Banking data, RBI’s several Reports, there are Reports on Trends and Progress of Banking in India as well. Goto this link Click on 1997 at the bottom right corner. And there you have all the reports from 1949 onwards The Report was started from 1949 following Bank Regulation Act (194) which mandates RBI to publish the report. Section 36 (2) of the Act...

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India’s Inflation Process Before and After Flexible Inflation Targeting

Patrick Blagrave and Weicheng Lian in their new IMF research: We study the inflation process in India, focusing on the periods before and after the adoption of flexible inflation-forecast targeting (FIT) in India. Our analysis uses several approaches including standard Phillips curve estimation for headline and core inflation, an examination of the sensitivity of medium-term inflation expectations to inflation surprises, and the properties of convergence between headline and core...

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Laxmi Vilas Bank joins list of failed banks

Lakshmi Vilas Bank (LVB) has been under trouble for quite some time now. It has been in talks with Clix Capital for raising capital but nothing seemed to have worked. At the end, Lakshmi Vilas Bank (LVB) has failed and RBI had to impose a moratorium. The financial position of The Lakshmi Vilas Bank Ltd. (the bank) has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. In absence of any viable strategic plan, declining...

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RBI’s conflicting challenges in NBFC regulation

My new piece in Moneycontrol (behind a paywall). I look at this recent speech by RBI DG M Rajeshwar Rao where he speaks about the NBFC sector. Rao covers recent policy changes in regulating NBFCs and lists future challenges as well. This entry was posted on November 12, 2020 at 3:19 pm and is filed under Central Banks / Monetary Policy, Economics - macro, micro etc, Financial Markets/ Finance, Indian Economy/Financial Markets. You can follow any...

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National Accounts Division starts its YouTube channel

National Accounts Division has started its YouTube channel (HT: Sourit Dey). It has started uploading videos on how all the national accounts come about. Very useful resource. This entry was posted on November 6, 2020 at 9:12 pm and is filed under Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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SEBI introduces “Flexi Cap Fund” as a new category under Equity Schemes

I was surprised to read this new circular from SEBI: In order to give more flexibility to the mutual funds and taking into account the recommendations of Mutual Fund Advisory Committee (MFAC), a new category named “Flexi Cap Fund” under Equity Schemes will be available with the following scheme characteristics. The fund can invest across large cap, mid cap, small cap stocks. The minimum investment in equity and equity related instruments should be 65%/. Further, SEBI says: For...

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India’s NBFC Regulation- Looking ahead

The new DG of RBI Shri M. Rajeshewar Rao makes his speech debut. The topic of the speech is regulation in India’s NBFC sector. 19. The Global Financial Crisis was primarily attributed to feather-touch regulatory approach, ignoring of the liquidity risks by financial intermediaries and unabated financial innovation. Abundant Liquidity, light touch regulation and financial innovation has also aided the growth of the NBFCs. The financial system today is significantly different from what it...

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International Financial Services Centre Authority taking shape gradually

The website of International Financial Services Centre Authority is up and running. IFSCA is a regulator who has been given the task of shaping international financial services centre in India. It is almost like watching SEBI and RBI in their initial years. The chairperson Mr Injeti Srinivas message says: As the first chairperson of the International Financial Services Centres Authority (IFSCA), established under the IFSCA Act 2019, it shall be my continuous endeavour to proactively...

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Indian Banking history in Hindi

I do a podcast on Indian banking history in Hindi with Puliyabaazi run by Pranay Kotasthane and Saurab Chandra. This was a lot of fun!! This entry was posted on October 29, 2020 at 4:30 pm and is filed under Indian Economy/Financial Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Bank of Hindostan was established in Calcutta in 1770: Marks 250 years of advent of British private banking in India

In 1770, Alexander and Company established Bank of Hindostan in Calcutta which marks the advent of British Banking in India. Amiya Bagchi pointed that British tried to open banks earlier as well but there are hardly any records. Whereas we have information about BoH. Thus year 2020 marks as 250th anniversary of Bank of Hindostan. India had banking/lending institutions much before BoH but the organisation called bank began to take shape from 1770 onwards. BoH bank was not started on joint...

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