Sep 6, 2016 - India's public sector banks have to change quickly

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Sree Vijaykumar From the Editor's Desk A prime minister's job is complicated, and full of noise. In India, it's often difficult to differentiate between signal and noise, as acknowledged by Max Rodenbeck of The Economist. While Modi has been clear to stay above the day-to-day happenings, on some issues like the recent Kashmir issue, it would have been better if he had spoken earlier. Since he has spoken, things have started moving towards a solution. Similarly, it seems like Raghuram Rajan felt unsupported by the government's silence, leading to an 'unnecessary' exit. More here Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). India's public sector banks have to change quickly If public sector banks fail, the government loses a fundamental instrument of development Praj to tie up with PEs for its green fund Plans investment in biomass-based ethanol Vedanta to invest Rs3,000 crore to double copper capacity Vedanta aims to take its copper capacity to 8 lakh tonnes by 2019 RuPay debit card issuance set to boost with small finance banks With a number of small finance banks expected to start operations soon, RuPay is set to emerge as the dominant player in debit cards issuance.Notably, in the recent past, Jan Dhan Yojna has turned out to be big boost for RuPay debit cards, Black money SIT tells RBI to share data with other agencies The SIT believes close coordination and use of RBI data by the agencies will help control and track illicit financial flows EPF's investment in equity is rising: How safe is your retirement money? The government wants to hike the Provident Funds investments in equities to boost returns. Find out what this means for you. As Rajan departs, RBI mulls opening door to Islamic finance On Sept. 4, 2016, Urjit Patel took over as the 24th governor of the Reserve Bank of India. Here is a look at few previous RBI governors. As Raghuram Rajan departs, RBI opens door to Islamic finance The proposal marks a shift in stance by RBI, which has previously said Islamic finance could be offered through non-bank channels like investment funds. SoftBank faces Moody’s downgrade rating over $120 billion debt Moody’s has a Ba1 rating on SoftBank, its highest speculative grade, and a B3 rating on its US subsidiary Sprint Corp., five levels lower Is the Indian equities market overvalued? At the bottom of the unease with the rally is the fact that the market has diverged from “the fundamentals”. It is solely liquidity that is driving the market up. Ed Tech startups are back as favourites, draw $197mn worth investment in 2016 Ed tech are back in fashion this year, drawing PE/VC investments worth $197 million (across 21 deals) till end of August 2016 — almost 3 times compared to the $67 million in 2015 (17 investments). Brokerages' tryst with home finance pays off Don’t put all your eggs in one basket, is an old adage used predominantly in the financial world to stress the importance of diversifying risks. Investors are often told to invest across asset classe Goodbye Raghuram Rajan, welcome Urjit Patel Urjit Patel has been chosen as Raghuram Rajan’s successor because he demonstrated competence as deputy governor in charge of monetary policy Commercial property gets attractive While hospitality, educational institutes and offices are gaining traction, warehousing could become a good option after the implementation of GSTReal estate has always been a part of high net worth individuals' (HNIs') investment portfolios. With Did you know? You can use the BSE Star MF platform to buy gold bonds Select how many grams worth of bonds you want to buy (minimum is 1 gm) and place the order Reliance Capital to expand customer base to 50 million: Anil Ambani Reliance Capital, the financial services arm of Ambani-led business conglomerate, also plans to double the number of its business partners to one million. India Inc with agro, rural economy connect set to flourish on back of good monsoon: ASSOCHAM Equities best investment in past 25 years: Report "Our study prove that the equities have trounced all other asset classes - be they currencies or commodities or real estate, by a wide margin," Centrum Group said. Arundhati Bhattacharya hopes to kick off SBI’s mega merger by October-end Arundhati Bhattacharya expressed the hope that SBI will be able to finish the merger process by end of the current financial year if everything goes smoothly Scooters India disinvestment on the cards Despite Government's revival attempts including sanctioning a "financial package", Scooters India continued incurring losses over a long period and eventually was declared "sick". FPIs stay bullish on equities; pump in Rs 9,000 crore in August xperts attributed the monthly inflow to rate cut by Bank of England (BoE) and the passage of long-pending Goods and Services Tax (GST) Bill. PNB current a/c holders to pay more for not having minimum balance The revision in non-maintenance of QAB charges will be applicable on general accounts and PNB Smart Banking current accounts with effect from October 1. Top seven companies add Rs 41,687 crore in m-cap, HDFC shines The market valuation of HDFC advanced by Rs 11,309.5 crore to Rs 2,27,624.66 crore, becoming the top gainer in the chart. Sebi orders attachment of bank, demat accounts of 7 entities An amount of Rs 17,46,205 is to be recovered from Avail Holdings after the firm failed to pay the penalty imposed by Sebi for violation of capital market norms. Rising oil import costs may become Asia's growing pain As Asia's net imports grow and crude prices recover, the region's oil import bill is set to climb back above $500 billion in 2017 for the first time in three years. Peter England enters Sri Lankan market Aditya Birla Fashion and Retail Ltd's clothing brand Peter England today announced its foray into Sri Lankan market with an exclusive outlet in Colombo. 54% of urban Indians won't shop online if there are no discounts: Survey A new survey says that if the price of a product is same in retail market near their homes, the consumers won't prefer buying it online. The evolution of Logistics in E-commerce Firstpost The customer today expects his/her buy to be at his doorstep at the click of the button. Health foods market crosses Rs10,000 crore in revenue Milk food beverages contributed nearly half of the health products category with sales of Rs5,180 crore followed by healthy oils and multigrain atta. E-commerce boom? India is 10 years behind China Jio: Telecom giant Reliance sparks India price war India is heading for a massive telecom shake-up after Reliance Jio - owned by the country's richest man Mukesh Ambani - launched full services, offering free calls and promising data at a fifth of market rates.. Read more at straitstimes.com. A career in telecommunications: Why is it a good time to work in telecom? It covers everything from voice calls, texting, email, to images and video streaming. Understanding how calling works on Reliance Jio Here's the answer to all your questions on how calling will work on Reliance Jio. Debt-Led Telecom War May Blow $74 Billion Hole in India's Budget The nation's 12 wireless companies carry more than $61 billion in debt, and their average revenue per user is declining. Airtel, Vodafone, Idea to focus on FB, Twitter to improve consumer experience Top telecom service carriers are strategically using data analytics and web-crawling tools to better understand customer behaviour. StatsGuru: The biggest spectrum auction With DOT offering 2,345 MHz of spectrum, the stage is set for the largest spectrum auction in the history of the Indian telecom industry Stakeholders want only licensed players to offer Wi-Fi Trai in July had released a consultation paper, seeking views on making broadband available through public Wi-Fi networks Reality Check : Tough call for Bharti Airtel The big-bang launch announcement by Reliance Jio saw the stock of Bharti Airtel fall 6 per cent on Thursday. The stock was down 7.3 per cent over the week.   Reliance Jio 4G full services from tomorrow: Everything you need to know Reliance Jio 4G services have officially launched in India today, and here's a look at tariffs, prepaid plans and more. Reliance Jio vs Vodafone vs Airtel: Here's what 4G tariff looks like across these networks Reliance Jio 4G data tariff is here, and its definitely cheaper than its rivals. It starts at Rs 149 and goes all the way up to Rs 4,999 for postpaid users.   Indonesia asks Alibaba's Jack Ma to advise its e-commerce development Earlier this year, Alibaba bought a controlling stake in Southeast Asian online retailer Lazada Group for around $1 billion. ET Startup Awards: The night of startup stars celebrating success and optimism The range and depth of the startups which won the awards came in for particular praise, more so because many of them were solving difficult problems with technology. 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