The outlook for the global asset management industry, plagued in recent years by unmerciful downward pressure on fees, is starting to look brighter. With meme stocks, decentralized finance and non-fungible tokens capturing the headlines, money managers need to keep up with the zeitgeist. A new report suggests that the cryptocurrency markets offer a great opportunity … Read more
NEW DELHI: With the RBI raising concern over the issuance of zero coupon bonds for recapitalisation of public sector banks (PSBs), the Finance Ministry is examining other avenues for affordable capital infusion including setting up of a Bank Investment Company (BIC), sources said. Setting up a BIC as a holding company or a core investment … Read more
Over the next three days, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will meet for what would ordinarily have been the last meeting of the present MPC. Except that there’s nothing remotely ordinary about the present. So, even though the term of the three external members ends in September 2020 and, under … Read more