Electric Vehicles – need a jump start !

Government goes slow on procurement of electric vehicles, limits sourcing —- When I saw this news today, it suddenly reminded me of the numerous arguments that I had on the subject of electric vehicles (EV) with some of my closest friends over the last one year. Thought of putting up a quick post so that … Read more

PMC Bank restricted by RBI – is this the right move?

As a past banking sector analyst, I couldn’t stop myself commenting on this. The views are strictly personal. The Reserve Bank of India (RBI) restricted Mumbai based Punjab and Maharashtra Cooperative (PMC) Bank from the close of business on September 23, 2019, for a period of six months. PMC is a large co-operative bank with … Read more

HDFCMF provides liquidity support to FMPs upto Rs 500 crore

HDFCMF in a filing yesterday evening to the Stock Exchanges, declared that it is providing a liquidity support to its Fixed Maturity Plan (FMP) Schemes that hold Essel Group debt. The support has been capped at Rs 500 crore. Checkout the actual filing made here – 1. At what value Whereas in the filing it’s … Read more