Large NBFCs

Large NBFCs must be subjected to regulation; exactly like banks RBI Deputy Governor Rajeshwar Rao was in the news recently for suggesting in a speech that large NBFCs should be regulated in the same way as banks. In fact, Rao went a step ahead to suggest that NBFCs above certain threshold AUM should either convert…

IPO Story

Some IPOs are doing better and there is a method to the madness Initial Public Offerings (IPOs) collected Rs.7500 crore in the month of Sep-20. As of September end, IPOs garnered more than Rs.22,000 crore during the year. If things go well, this could end up being the best IPO year after 2017; not counting…

Personal bankruptcy

The RCOM-SBI case could be an acid test for the new rules In December 2019, the government brought personal bankruptcy under the ambit of NCLT. That meant; in the event of business bankruptcy, the NCLT can initiate personal bankruptcy against the promoter, if they have guaranteed a loan. The first test case appeared in the…

Tatas Vs Mistry

Pledge battle is the latest stand-off between the two groups The ongoing turf war between the Tatas and the Mistry family has now assumed a new dimension. It pertains to Mistry family proposing to pledge shares of Tata Sons to raise funds for businesses in the post COVID scenario. What Mistry family wants? The Shapoorji…