Mumbai, Noted banker KV Kamath, who now chairs the National Bank for Financing Infrastructure and Development (NaBFID), expects the digital sector to contribute a quarter of the incremental GDP by the time the economy becomes a USD 7 trillion giant by FY29. Currently, the contribution of the digital economy is a low 4 per cent, … Read more
Veteran banker K V Kamath on Friday said it is “time to be brave” for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth. He said benign interest rates of under 8 per cent and abundant liquidity are also necessary to seize what he … Read more
A news report published in this paper on Wednesday stated, ‘The Reserve Bank of India’s loan restructuring plan would be a success this time as it comes with a specific time frame and there is very little scope for misuse by either corporates or banks, said KV Kamath.Alas. What the veteran banker left unsaid is … Read more
The regulator and the banks are now awaiting the new modalities and the Reserve Bank of India may not extend the moratorium period for loans. The 31st August deadline for loan moratorium is unlikely to get extended as veteran banker KV Kamath-led panel is all set to come out with the modalities of restructuring of … Read more