CASH @ COVID CRISIS

– Thyagrajan Seshadri In the beginning of March 2020, and I had a series of conversations with Kumar, a 42 year old security guard of my building. The conversations would cover topics from present day pollution, traffic in Chennai, particularly, Nungambakkam, water crisis, recent films, trending and bit of state politics. I could see his […]

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Can Banks escape frauds?

In mid-February of this year, Indian banks’ gross non-performing assets (NPAs), or bad loans grabbed the media headlines. A bunch of corrupt bankers and a diamond magnate conspired to launder money to the tune of Rs 13,000 Crores. The businessman in question was Nirav Modi and the bank associated with it was Punjab National Bank, […]

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Cash Bounce-back…A New Beginning

  Cash outage was observed 2 years back which led to a severe crunch as the whole country went berserk in terms of currency make-overs. Post several dramatical stint of surgical measures during the de-monetisation times and after, banning of 500 and 1000 currency notes, had swept off the Indians making them feel cash deprived […]

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