May 29, 2017 - RBI Helps Banker In Battle To Restore Stability In War-Torn Afghanistan

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Sree Vijaykumar From the Editor's Desk The mobile phone gives us an opportunity to include the billions of people in the informal economy into the economy of trust. Today they have no formal credit history, no formal transaction record and are hence not credit-worthy. As Shivani Siroya of Tala says in this 8 minute TED talk, a simple credit score based on mobile phone data points like number of regular conversations and location regularity can help include billions of people into the formal credit economy. These people can avail loans, build their small businesses and increase their savings. More TED talks on the economy of trust here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera.com: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). RBI Helps Banker In Battle To Restore Stability In War-Torn Afghanistan The worst it gets for most central bankers is recession, deflation or a credit crunch. Maybe a bank bust if times are really tough. Not so in Afghanistan. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Five pieces of advice from a $33 billion hedge fund Lessons by Elliot Management that shaped its attitude towards trading, investing, predictability of markets and more. Will HCL Technologies’ buyback help maintain outperformance? As a stand-alone event, HCL Technologies’ buyback isn’t a game changer, although the general shift towards increased payouts is a welcome sign What did banks do with the huge influx of cash during demonetisation? The amount invested by banks in government securities was higher than the amount of credit advanced by banks between 28 October 2016 and 14 April 2017, shows RBI data World Economic Forum sees $400 trillion shortfall in retirement savings World Economic Forum says longer life spans, disappointing investment returns will help create a retirement savings shortfall of $400 trillion, five times the size of the global economy, in three decades RERA may put most brokers out of work Under RERA, all property brokers will have to register with real estate regulators in their states, thus sieving out the small-time players and consolidating major ones Finally, RBI cracks the Da Vinci code of Indian banking Can central bank stem NPA rot? - The RBI’s involvement in the resolution of bad loans is necessary and kosher, but it is by no means sufficient How will GST impact state revenues? A look at the finances of 12 large states ahead of GST implementation from 1 July Resolving stressed assets in public sector banks Mergers provide synergies in lending but should be factored against the implicit funding subsidy that appears to make the bank more operationally cost-efficient than it really is Berggruen to invest $30 million to grow Keys hotel chain in India We’ll double India investments to $50 million: Kabir Kewalramani - Interview with MD, Berggruen Holdings India Over 10 banks red flag Anil Ambani's Reliance Communications over missed loan payments More than 10 local banks have red-flagged their loans given to the mobile operator which has suffered a loss of Rs 966 cr in the January-March quarter. ICAI steps in to check if bad loans are being misreported by banks ICAI has written to RBI seeking information on the divergence in bad loans estimates by Axis Bank, Yes Bank and ICICI Bank and the central bank 15 firms in fray to set up cement units near NTPC’s power plants NTPC had invited expressions of interest (EoI) from manufacturers on 16 February for setting up cement units near its plants Sebi examining NSE directors’ role in algo-trading investigation Sebi has questioned whether NSE directors had failed fiduciary responsibility by allowing unfair access to stockbrokers in the bourse’s algo-trading platform ONGC looking to aggressively expand acreage under exploration ONGC to aggressively increase portfolio of assets once open acreage licensing policy comes into force in July Helion Venture’s Rahul Chandra to raise $100 million early-stage fund Helion Venture’s new fund—Unitary Helion—will invest in fintech start-ups, online retail firms and value-chain innovation in sectors like financial services, agri-business, logistics and healthcare Sebi, RBI step up NSE ‘high-frequency’ trading probe, top officials under scanner Finance ministry is also keeping a ‘close watch’ on the entire case and wants Sebi to fast-track the probe into alleged lapses in high-frequency trading offered through NSE’s ‘co-location’ facility Time opportune for RBI to slash interest rates, says CII Banerjee said there is now optimism that economic growth will accelerate, macro-stability will continue and inefficiencies in the economy will be brought down. Indian Oil overtakes ONGC to become India’s most profitable PSU Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company Govt willing to completely exit debt-plagued Air India: FM Jaitley He says 84% of aviation market is privately owned so there's no harm in it being 100% private owned Government to step up mergers in PSU banks: Arun Jaitley He says 84% of aviation market is privately owned so there's no harm in it being 100% private owned Payments banks have an opportunity in the millions of unbanked, but are these viable? The model of the payments bank might turn out to be one that wallets specialise in: a high-volume, low-margin game. Fairfax sells 12.18% stake in ICICI Lombard General Insurance The stake sale valued ICICI Lombard at Rs20,300 crore, which would mean that Fairfax fetched Rs2,372.5 crore (approximately $383 million) from the sale Banks write off Rs 2.2 lakh crore in five years, said to be highest ever In each of these five years, loans written off showed an increasing trend — at an average addition of over Rs 12,000 crore each year. Fashion retail picks up pace again as e-commerce sites cut discounts Apparel and fashion divisions of four of nations top five listed retailers posted 14-26 per cent sales growth in 2017 fiscal, their best performance since fiscal 2014. Raymond lines up Rs 350 cr for capex, retail expansion The company will open nearly 150-200 stores this year, Behl indicated. Raymond has more than 1,000 retail stores that are franchise based. SnapBizz to collaborate with 100000 kirana stores in 2 years The company receives a fee from the FMCG brands for providing them key consumer insights Indian brands aim to bridge Gulf retail market The National | The NationalThe NationalThe GCC offers a tempting market for ambitious companies based in India which can offer affordable products such as clothing to a large consumer base of NRIs ...sp; This Is How Patanjali Evolved Over The Years Patanjali has launched a variety of products in the last three years to cover up the increasing FMCG market. It sells products like cosmetics, noodles, atta, biscuits, amla juice and ayurvedic medicines., , Patanjali, baba ramdev, fmcg, colgate Apple opens its first SE Asia store in Singapore Apple opened its first Southeast Asia store in Singapore, drawing hundreds of excited fans to the city's upmarket shopping district. BSNL plans satellite phone service for all in 2 years NEW DELHI: State-run Bharat Sanchar Nigam Limited (BSNL), which launched Satellite phone service in India, earlier in week for select government agencies, has p Xiaomi Mi Max 2 and Mi 6 to be launched next month in India? Xiaomi had just yesterday launched Mi Max 2 in China while its another flagship Mi 6 smartphone was launched back in April this year in China. Now, if a recent tweet from Xiaomi India chief is to be believed, Xiaomi might be launching a smartphone in India in July this year.   ITC B Natural celeb Shilpa Shetty shows Tropicana in self video Shetty shows herself baking a cake and putting it in the refrigerator — which clearly shows two large cartons of rival brand Tropicana. Distribution is the cake and marketing is the icing: Nomit Joshi, Director Marketing, Gionee India In a conversation with BestMediaInfo.com, Joshi talks about the trust factor for Chinese brands, competition, selfie mania that smartphones brands are leveraging on, celebrity endorsements and much more Cigarette growth halves, FMCG key for ITC Cigarette growth halves, FMCG key for ITC - The cigarette revenue growth of the tobacco-to-hotels conglomerate halved to 4.8% at Rs 8,955 crore in the March quarter from 10.2% posted in the year-ago period High GST rate on ayurvedic items: How can one feel 'Achhe Din', asks Patanjali GST rate for classical or generic range of ayurvedic medicines must be nil and 5 per cent for patented products instead of the proposed 12 per cent. Three Indian companies take giant steps with clean technology These companies are working towards reducing the environmental costs of an expanding economy Flipkart launches another 'Summer Sale' with up to 80% discounts as e-commerce battle intensifies Starting today, the sale will continue till the end of this month, with heavy discounts on electronics, home appliances and smartphones. Indian IT industry is alive and kicking, says Tata Group chief N Chandrasekaran Indian investment in tech is only set to rise with number of initiatives like Digital India, which the government estimates will swell to $1 trillion by 2024. 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