Advait Rao Palepu

Stories by Advait Rao Palepu

Cyber security: Why banks may be vulnerable

Cyber security: Why banks may be vulnerable

Rediff.com   31 Dec 2018

'There's a huge need for advancements in current security incident logging and monitoring practices.'

Arvind Subramanian: 'Brace for slower growth'

Arvind Subramanian: 'Brace for slower growth'

Rediff.com   24 Dec 2018

'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'

Will RBI cut rates in February?

Will RBI cut rates in February?

Rediff.com   20 Dec 2018

RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.

Shaktikanta Das impresses first RBI board meeting

Shaktikanta Das impresses first RBI board meeting

Rediff.com   15 Dec 2018

'His (Das) approach to work seems that of working as a team with ease in communication.'

Repo rate is unlikely to change in the next 6 months

Repo rate is unlikely to change in the next 6 months

Rediff.com   29 Nov 2018

The main reason was that CPI inflation would likely remain below 4 per cent till July.

RBI to buy an additional Rs 40,000 crore worth of G-secs in Dec

RBI to buy an additional Rs 40,000 crore worth of G-secs in Dec

Rediff.com   28 Nov 2018

Stemming from the default of IL&FS in September, on various debt instruments including commercial papers, bonds and loans, the financial sector has been facing a liquidity crunch for the last eight to ten weeks.

How Indian banks are getting ready to avoid fraud, enhance security

How Indian banks are getting ready to avoid fraud, enhance security

Rediff.com   23 Nov 2018

Experts say the recent Rs 14,000-crore PNB fraud could have been avoided had there been an integration of PNB's CBS with its SWIFT system

Delay in bankruptcy cases of the Dirty Dozen cost lenders dear

Delay in bankruptcy cases of the Dirty Dozen cost lenders dear

Rediff.com   22 Nov 2018

Around 241 companies were sent for liquidation under the IBC by various NCLT benches and in only 58 cases have the resolution plans been accepted

RuPay, UPI set to pip global giants in retail transactions

RuPay, UPI set to pip global giants in retail transactions

Rediff.com   22 Nov 2018

An analysis for the first eight months of CY18 shows that the value of RuPay and UPI transactions constitute 65.2 per cent of all transactions done through debit and credit cards, in value terms, across retail outlets by the end of August.

The REAL story behind zero #MeToo cases

The REAL story behind zero #MeToo cases

Rediff.com   16 Nov 2018

Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting

Post DeMo, cash is back with a bang!

Post DeMo, cash is back with a bang!

Rediff.com   14 Nov 2018

The currency with the public is 10.3 per cent higher than it was in the week preceding November 8, 2016 - from Rs17.97 trillion to Rs18.76 trillion.

RBI deputy governor fires salvo at government

RBI deputy governor fires salvo at government

Rediff.com   27 Oct 2018

Governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined the regulatory institution, Deputy Governor Viral Acharya warned.

IL&FS board readies turnaround plan

IL&FS board readies turnaround plan

Rediff.com   23 Oct 2018

JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward

IL&FS value to be preserved, says non-executive chairman Uday Kotak

IL&FS value to be preserved, says non-executive chairman Uday Kotak

Rediff.com   5 Oct 2018

The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"

SC's Aadhaar verdict opens up UIDAI to legal suits

SC's Aadhaar verdict opens up UIDAI to legal suits

Rediff.com   3 Oct 2018

'People, whose sensitive information has been leaked by State agencies or companies having license from UIDAI to access the Aadhaar database, can file suits, collectively or individually.'

SBI may participate in the Rs 4,500 cr rights issue of IL&FS along with LIC

SBI may participate in the Rs 4,500 cr rights issue of IL&FS along with LIC

Rediff.com   2 Oct 2018

The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31

ICICI Lombard to use AI in processing insurance claims quickly

ICICI Lombard to use AI in processing insurance claims quickly

Rediff.com   19 Sep 2018

The artificial intelligence-based system aims to authorise cashless claims within 60-90 seconds and bring the turnaround time for investigations down to a one day, or even a few hours.

Kerala floods: Cochin airport files insurance claims worth Rs 340 crore

Kerala floods: Cochin airport files insurance claims worth Rs 340 crore

Rediff.com   11 Sep 2018

A senior executive of NIA confirmed the development and said that the insurance company is assessing damage to the airport's assets

This time Sebi has some good news for investors

This time Sebi has some good news for investors

Rediff.com   4 Sep 2018

The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors

What awaits Urjit Patel in 3rd year as RBI governor

What awaits Urjit Patel in 3rd year as RBI governor

Rediff.com   1 Sep 2018

Heading to the third year, will Urjit Patel be busy firefighting a currency crisis? Almost no governor of the RBI managed to evade it and Patel perhaps knows it.