NBFCs need to work on ability to evaluate lending quality. If you default even on a covenant of a loan, that is also a material disclosure that has to be given, says Krishnamurthy Subramanian, CEA to ET NOW.
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NBFCs need to work on ability to evaluate lending quality. If you default even on a covenant of a loan, that is also a material disclosure that has to be given, says Krishnamurthy Subramanian, CEA to ET NOW.
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Talking of the current slowdown, he said signs were visible as early as February, and that 35 bps rate cut was necessary given the circumstances. Both counter-cyclical measures and structural reforms would be needed to tackle the slowdown, he added.On PSB mergers, Das said the exercise will create stronger entities because larger banks have greater leverage and reach.On bank interest rates, Das said the decision on spreads has now been left entirely to banks, to ensure faster transmission. The RBI didn't arm-twist any bank into adopting external benchmarks, he insisted.RBI hasn't asked any bank to lend or not lend to NBFCs; they will have to find market-based solutions to their problems, the Governor said.
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“Remote work offers employees more flexibility and the ability to maintain a better work-life balance”
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Remote work offers employees more flexibility and the ability to maintain a better work-life balance
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Need to support but not create cry babies, says CEA Subramanian on govt support for pvt sector business while talking to ET NOW's Nikunj Dalmia.
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The growing cyberattacks is a rising concern and it’s time to evaluate cloud-first strategy
The growing cyberattacks is a rising concern and it’s time to evaluate cloud-first strategy
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After unhelpful steps taken by both sides of the Mideast peace talks, Secretary of State John Kerry says the U.S. will need to evaluate its role moving forward. (April 4)
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Vinay Mathews, Founder and COO, Faircent talks about the benefits of investing via the P2P platform at the ET Wealth Investment Workshop in Jaipur.
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Vinay Mathews, Founder and COO, Faircent and Sanjay Gakhar, Vice President, MCX
talks about the benefits of investing via the P2P platform and Commodities, ET Wealth investment Workshop in Delhi Listen in!
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New Delhi: While speaking about the Supreme Court’s recent ruling on the RBI's February 12, 2018 stressed assets circular, Chief Economic Advisor in the Finance Ministry Krishnamurthy Subramanian said, 'It can’t be applied very generally and has to be done in a specific manner.
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We need manufacturing, we need industries but we need farmers and their children: Rahul Gandhi
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