அகந்தை மறைந்த தருணங்கள்

 





Comments

Post a Comment

Popular posts from this blog

IBC resolutions and haircuts

Image
  What should be the yardstick to evaluate haircuts in IBC  Recovery versus Total Admitted claims - a fallacy: Recently, one of the largest bank employees' union in India, came out with a list of business firms, said to have been acquired by a business conglomerate through resolutions/liquidation effected under IBC (Insolvency and Bankruptcy Code), with a statement that the business group is the beneficiary at the cost of the banks concerned (average haircut 74%). While the fight against huge haircuts in the banking books (in the resolution process under IBC) by the bank employees' union is understandable, I did not subscribe to the view that was being impressed upon  (in their circular)  that the process was done in order to help one particular beneficiary. Right from the beginning, the resolutions  done through IBC witnessed haircuts ranging from 40 to 80% and the said list, at best, is only  an affirmation to the general trend since the beginning of the...
Read more

An open letter

  An open letter to DFS or RBI or to whom? Perceived, yet undefined, "conduct and behaviour" determine or detrimental to selection?:   It has been reported in the newspapers that Financial Services Institution Bureau (FSIB) is conducting interviews for the positions of MD & CEO in four public sector banks (PSBs), including that of Indian Bank (IB), where the present MD & CEO is retiring on 31st December 2024. Conduct of interviews for the position of MD & CEO of IB raised a few eyebrows in the banking circle, as the name of the ED of Bank of Maharashtra (BoM) was shortlisted by the FSIB for the said position in April 2024. The news item further reported that the decision of FSIB could not be completed to its logical conclusion, since Reserve Bank of India (RBI) appear to have taken a stance (in its communication to FSIB) that the "behaviour and conduct" of the said official "was not befitting his position and responsibilities concerning regulatory c...
Read more

The woes of an Indian urban senior citizen

Image
  The woes of an Indian Urban Senior Citizen (Below created characters and conversations are purely imaginary; might or might not reflect reality; Intention is not to hurt anyone, but to generate a debate. If it hurts anyone, my sincere apologies to him/her) After the imaginary interview with me on RBI Policy* in April 2025, the late Mr. Art Buchwald (AB) was restless in the heaven.  He  called me over phone (in my dream) yesterday, to convey that he would like to interview an Indian consumer to confirm the 'rosy' picture of the Indian Economy, as certified by the government, RBI, economic experts,  through their statements and opinions. I agreed to his request. Unfortunately, he bumped into an Indian urban senior citizen(USC), known for his (arm chair) expert views on the stock market, mutual funds and economy, but placed his savings, only with the scheduled commercial banks (SCBs) and post office savings schemes.  Excerpts of the (imaginary) interview are as u...
Read more