Banks & FIs

China launches an antitrust investigation into Alibaba as its crackdown on Jack Ma’s tech empire continues

Chinese regulators announced measures to crack down on Jack Ma’s Alibaba and Ant Group on Thursday. Beijing will investigate e-commerce site Alibaba, co-founded by Ma, over alleged anti-monopolistic practices, and urge fintech Ant Group to implement stricter financial regulations, regulators said. Ant Group’s IPO, which would have been the world’s biggest-ever, was halted in November … Read more

RBI panel proposes new ownership, governance norms for private banks

An updated effort to attract long term capital towards a sector that never seems to get enough of it !

Oaktree, Apollo lead giants betting on stressed India assets

India’s macroeconomic troubles are attracting a new wave of global investors betting they can eke out profits from the rising number of capital-starved businesses struggling to stay afloat. Some global heavyweights like Apollo Global Management Inc. and Oaktree Capital Group have either struck recent India deals or scaled up their teams in the country in … Read more

China halts Jack Ma’s $37 billion Ant Group IPO in Shangai, Hong Kong

Ant said that its listing had been suspended by Shanghai following a recent interview regulators held with its founder Jack Ma and top executives. Ant Group’s $37 billion stock market listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world’s … Read more

Ant files for IPO – amply proves why one should not become a bank

Become a technology led facilitator and not a traditional lender

Reserve Bank revises audit norms for banks

The RBI on Saturday came up with revised long format audit report (LFAR) norms with a view to improving the efficacy of internal audit and risk management systems. The LFAR, which applies to statutory central auditors (SCA) and branch auditors of banks, has been updated keeping in view the large scale changes in the size, … Read more

Finance Commission to meet its economic advisory panel on September 4

The topic of the meeting is ‘Final discussion on GDP growth, tax buoyancy of the Centre and the States, GST compensation, revenue deficit grant and fiscal consolidation’ The 15th Finance Commission will hold a meeting with its economic advisory panel on Friday to discuss issues of GDP growth, GST compensation and fiscal consolidation. Chairman N.K. … Read more

Stocks: When to sell? – Part 1

The most difficult and confusing topic in stock investing !

Most companies that availed loan moratoriums were facing challenges before COVID-19: Crisil

A majority of the companies that availed of the Reserve Bank of India (RBI) moratorium are rated below investment grade and were already grappling with a slowing economy before the pandemic began. Crisil analysed over 2,300 non-financial companies from its rated portfolio that availed of the moratorium after categorising them by rating, sector and size. … Read more