“This, coupled with the recent capital raise, has helped Yes Bank fully repay the Special Liquidity Facility (SLF) extended to it by RBI,” the rating agency said, adding the improvement in the capital position remains a key positive for the bank. … [Read more...] about ICRA upgrades Yes Bank’s debt instruments on improved liquidity position
Help with getting out of debt
Companies in about half-a-dozen sectors, including hospitality, aviation, travel and tourism, are likely to seek the benefit of one-time loan restructuring which will kick in from the next month, said bankers. There may not be a rush for restructuring from corporates as only those sectors which are having cash flow problems are likely to go in for loan recast to avoid the tag of 'restructured account', bankers opined. … [Read more...] about Firms in hospitality, aviation, tourism sectors likely to seek loan recast: Bankers
The schemeSBI Magnum Children’s Benefit Fund (Investment Plan) would look to invest at least 65 per cent in domestic stocks. The remaining portion will get allocated to international equities (maximum up to 35 per cent) and gold exchange traded funds (up to 20 per cent).Your funds are locked-in for five years, or till the child turns 18, whichever is earlier. You can invest only in the minor’s name from the minor’s bank account or from a joint account with the minor. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
Comparing the economy to a patient, Rajan said: “…relief is the sustenance the patient needs while on the sickbed and fighting the disease. Without relief, households skip meals, pull their children out of school and send them to work or beg, pledge their gold to borrow, let EMIs and rent arrears pile up... Similarly, without relief, small and medium firms - think of a small restaurant - stop paying workers, let debt pile up, or close permanently. Essentially, the patient atrophies, so by the time the disease is contained, the patient has become a shell of herself.” … [Read more...] about Raghuram Rajan on Indian economy: Stimulus is the tonic needed for the patient on sickbed
Skin in the gameLike so many newbie investors in the 1990s, I was set on a straight path by columns from The Wall Street Journal’s Jonathan Clements, who used his own children as guinea pigs in delightful ways.In an interview this week, he reminded me of one failed test, in which he doled out a bit of money and then held a mutual-fund-picking contest. His son lost to his dad and his sister, but he didn’t seem to care or learn all that much from the experience. … [Read more...] about Teen stock trading seems dangerous. It doesn’t have to be