Believe it or not, the regulator is stretching its arm to identify stressed borrowers and gauge the ‘distance to default’ as a measure of a particular bank’s fragility, reveals Tamal Bandyopadhyay. Banks have always been adept at hiding bad loans. Even though they had the so-called core banking solutions in place by 2011, they were reluctant to use technology to […]

Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, […]

It was a triumphant Sunday night for the eccentric sci-fi comedy drama Everything Everywhere All at Once as it swept seven awards at the Oscars, including best film and best actress. Michelle Yeoh’s performance in the film won her the award for best actress in a leading role, making her the first woman of Asian descent to win an Oscar […]

The recent run on the US-based Silicon Valley Bank (SVB) and the subsequent seizure of its assets by the regulators may have sparked a global wave of risk aversion, particularly for start-ups. However, the Indian banking sector is unlikely to be a victim of any contagion effects, said analysts. he bank, which played a big role in financing start-ups and […]

Home prices are not rising as rapidly as they did last year. According to the carefully followed S&P Case-Shiller home price index, home prices rose by about 6% in December. Earlier last year, the figure was closer to 17%. The major culprit has been mortgage prices, which rose from 3% in 2021 to 6% late last year. However, for the […]

Unlike many countries in Europe and some key markets like Japan and South Korea, India does not have a vibrant hybrid (petrol and electric) car market in its quest to make a direct transition from ICE to electric. EV penetration in both passenger cars and two-wheelers needs a boost if India wants to meet its aggressive green targets. Pure electric […]

Unless the Rock & Roll Hall of Fame can find a way to be more inclusive, it can “go to hell in a handbag,” according to rocker Courtney Love. While there’s an annual debate over nominees and inductions, who is nominated and inducted is far from a silly matter. The Hall has a real economic impact on its chosen artists, […]

Around $200 million worth of deposits of Indian start-ups have been withdrawn from Silicon Valley Bank (SVB), which was taken over by US banking regulators last week after it collapsed, and moved to the Gujarat International Finance Tec-City (GIFT City) IFSC, Rajeev Chandrasekhar, minister of state (MoS) for electronics and information technology said on Thursday. “It turns out that there […]

He has played a key role in helping customers in banking, financial services, and insurance, with digital transformations, change management cycle acceleration, value delivery, technology strategy and governance. Shivani Shinde reports. “Humble”, “kind”, and “spiritual” are some adjectives used to describe K Krithivasan, chief executive officer designate and global head of banking, financial services, and insurance business, Tata Consultancy Services […]

The NHL and Somm TV have dropped the puck on a partnership aimed at giving the wine community a taste of pro hockey. The streaming platform and league are teaming to incorporate the sport’s rich history and current stars into The Somm TV Podcast and Somm’s original series including Drink a Bottle and Blind Tasting Sessions. The collaboration also will […]