Issues with AIFs in India Subject :Economy Section: Capital market AIF Investigations by SEBI: SEBI and RBI are investigating around a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations. AIFs are under scrutiny for potential misuse, including the practice of “evergreening” stressed loans. Misuse Cases and Evergreening Loans: […]
Penalties Imposed by RBI on Banks Subject :Economy Section: Monetary Policy ICICI Bank: Fined ₹12.19 crore for various violations, including sanctioning loans to companies where two directors were board members, marketing non-financial products, and failing to report frauds to the RBI within the prescribed timeline. Kotak Mahindra Bank: Penalized ₹3.95 crore for failing […]
Monetary policy transmission in India Subject :Economy Section: Monetary Policy The RBI’s rate hikes since 2022 have highlighted a disparity in the transmission of policy rate changes, with lending rates increasing at a slower pace compared to deposit rates. This phenomenon has been particularly noticeable in the current economic cycle, presenting various implications […]
Is the global debt worries an indicator of another crisis? Subject: Economy Section: External Sector Key Points: Record debts, high interest rates, the costs of climate change, health and pension spending as populations age and fractious politics are stoking fears of a financial market crisis in big developed economies. Which countries are most […]
RBI likely selling dollars to keep rupee off record low Subject :Economy Section: External Sector In News: RBI activity keeps Rupee in a narrow band. Key Points: The rupee was at 83.24 against the U.S. dollar, barely changed from its close at 83.26 in the previous session, despite the weakness its Asian peers […]
Bond issuance by India Inc rises Subject :Economy Section: Capital market Context: India Inc raised 54% more resources via bonds in H1 of FY24 Key Points: Several corporates are preferring corporate bonds over bank loans to meet their financing needs. The principal reason for the surge is bond yields that are comparable to […]
Significance of natural gas in India’s energy landscape Subject: Economy Section: Msc OPEC’s Projections: OPEC’s latest World Oil Outlook predicts that the share of natural gas in India’s energy mix will rise to 10.6% by 2045, whereas the Indian government aims for it to reach 15% by 2030. Current Gas Share: According to […]