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    Big reforms underway but Indian banking still a long way away from good health

    2020-03-24T06:27:12+00:00March 16th, 2018|2017/2018, Global Edition- March 2018, Sector Focus, Year|

    The Narendra Modi government and the Reserve Bank of India (RBI) have taken major steps to bring recalcitrant promoters to book and clean up the $210-billion bad loan crisis plaguing the Indian banking system. These can address the issue for now but privatisation is not politically feasible. The scandal over fugitive billionaire Nirav Modi flying away to an unknown destination leaving behind unpaid loans of $1.8 billion has brought the festering bad loan crisis in the Indian banking system to [...]

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      Indian companies eye new investment markets

      2018-07-31T13:58:34+00:00March 16th, 2018|2017/2018, Global Edition- March 2018, Sector Focus, Year|

      From consumer goods to nuclear energy, there was a wide sector coverage of India’s investment interests across the globe. Japan’s Sumitomo eyes Indian JV Japanese conglomerate Sumitomo Corporation has entered into a partnership with Gurugram-based Krishna Group to venture into the Indian real estate sector. Both corporations have formed a joint venture, Krisumi Corporation, to develop real estate projects across the country and will have a 50-50 stake in the venture. Ashok Kapur, Chairman, Krishna Group, said: "The biggest challenge facing the [...]

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        Blockchain, cryptocurrency on Indian radar

        2018-07-31T13:58:39+00:00March 16th, 2018|2017/2018, Global Edition- March 2018, Sector Focus, Year|

        There was considerable activity within India’s banking and finance sector in recent weeks. NASSCOM teams up with Blockchain Institute India’s National Association of Software and Services Companies (NASSCOM) is partnering with the Blockchain Research Institute (BRI) to help spur a digital economy within India. NASSCOM will work with BRI researchers backed by the Canadian government to help developers learn more about blockchain platforms in preparation for creating and launching tools within the nation. The two groups have signed a memorandum [...]

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