India's central bank began implementing the Basel-III norms from 2014
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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I remember, when Goenka was confronted by media when The Indian Express was not able to keep due dates for repayment of certain deposits, he kept his cool and responded that only ‘liquidity’ was a problem and assets like Express Towers were there and depositors will be paid back by the company. More recently, there was a report about thousands of crores worth gold and jewellery with Sreepadmanabha Temple in Thiruvananthapuram. Referring to some old records a representative of the Trustees had told media that Maharaja of Travancore who had taken care to keep his assets untouched had also indicated that it was also the intention of ancestors to draw from those assets in times of need like famine and later replenish it in good times.
It is not a crime to productively re-deploy or to ‘account’ hidden wealth, whether it be land with Railways, real estate properties with PSUs, undervalued items in the balance sheets of banks or GOI’s stakes in institutions. But that should be done with a realistic Asset-Liability- Management approach.