All stories by Advait Rao Palepu
Cyber security: Why banks may be vulnerable
Rediff.com31 Dec 2018'There's a huge need for advancements in current security incident logging and monitoring practices.'
Will RBI cut rates in February?
Rediff.com20 Dec 2018RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
RBI to buy an additional Rs 40,000 crore worth of G-secs in Dec
Rediff.com28 Nov 2018Stemming 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.
Delay in bankruptcy cases of the Dirty Dozen cost lenders dear
Rediff.com22 Nov 2018Around 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
Rediff.com22 Nov 2018An 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.
Post DeMo, cash is back with a bang!
Rediff.com14 Nov 2018The 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.
IL&FS board readies turnaround plan
Rediff.com23 Oct 2018JM 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
Rediff.com5 Oct 2018The 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
Rediff.com3 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.'
ICICI Lombard to use AI in processing insurance claims quickly
Rediff.com19 Sep 2018The 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.
What awaits Urjit Patel in 3rd year as RBI governor
Rediff.com1 Sep 2018Heading 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.
The fault lines behind Cosmos Bank attack
Rediff.com15 Aug 2018The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
IBC process: Any buyers for these 137 firms facing liquidation?
Rediff.com14 Aug 2018With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
Will Ayushman Bharat disrupt the health insurance market?
Rediff.com10 Aug 2018As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
How effective is the bankruptcy code?
Rediff.com9 Aug 2018Experts say that under the liquidation process, financial and operational creditors are less likely to recover the full-value of their dues, while employees may not get their full salaries.
5-yr motor insurance: Who benefits, who loses
Rediff.com25 Jul 2018Advait Rao Palepu reports how a recent Supreme Court order will impact motor vehicles insurance policies.
Home truth: Spike in HFCs' bad loans hobble PMAY
Rediff.com31 May 2018PMAY-Gramin, which was launched in November 2016, aims to construct 10 million homes by March 31, 2019, with private sector and state government participation
Summer vacation at tribunals hits bankruptcy proceedings
Rediff.com21 May 2018Representatives of stressed companies could seek more time for submitting a resolution plan, provided there is appropriate justification, said legal experts, but getting an extension will not be automatic just because an NCLT Bench is on vacation.
'Banks to recover 48% from NPA accounts in RBI list'
Rediff.com18 Apr 2018The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.
How insurance blockchain can ease customers' burden
Rediff.com4 Apr 2018Life insurance companies assert that the blockchain being created has strict protocols to leave no room for manipulation and exploitation, or unauthorised use of customer data and personal information.