Last time when we met, there was gloom, doom, distress. Now there is excitement, a touch of euphoria and a lot of participation. Good days are back, but are they here to stay?
We last spoke eight months ago. Things were looking quite negative in terms of outlook. But as it so happens, it happens to be one of the best times to invest and that is what we spoke about back then. Obviously since then, things have evolved quite a bit. Markets have moved up because a lot more optimism has come in. But at the same time, the fundamentals are looking a lot better than what it looked like back then. So, the economy has come back. It has rebounded very strongly. Things are looking positive going forward.
Non-bank have also argued that NBFCs in the upper level be given greater flexibility on issues like deposit acceptance, raising of funds through the ECB route and setting up of overseas subsidiaries.
Bad bank is actually a good idea
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If the bad bank is designed with a good business model, it may address the twin balance sheet problem in India and capital adequacy concern too
The concept of bad bank has come to limelight as our Finance Minister announced in the Union Budget recently that an Asset Reconstruction Company (ARC) and Asset Management Company (AMC) would be established to address stressed debt of ₹2.25 lakh crore in the banking sector.
The main objectives of creation of the bad bank are (a) to clean the balance sheets of banks in India, (b) to enable the banks to reach the required level of capital adequacy by mobilising fresh capital from the market, and (c) to focus on credit growth to boost investment and ultimately economic growth. Essentially a bad bank would help the Indian banks to trim losses and concentrate on their core business of lending. Let us discuss the same in detail.
NPA has dismissed rape case against us, say DJs Fresh and Euphonik As we ve said before these are false allegations and we are saddened that GBV, a serious crisis in SA, was weaponised in this manner DJs Euphonik and Fresh claim a rape case against them has been dismissed by prosecutors. Image: Screenshot via YouTube
DJ duo Thato “DJ Fresh” Sikwane and Themba “DJ Euphonik” Nkosi on Monday claimed that the rape case against them had been “dismissed” by the National Prosecuting Authority but this could not be immediately independently verified.
Rape allegations against the duo came to light early last month after a woman took to Twitter to make the accusations.