Mayur Shetty

Mumbai

Senior Editor at The Times of India

Award-winning journalist (IIIrd Std Obstacle Race) writing on banking and finance. Twitter reply guy

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Articles

What just happened in US bond markets that spooked Trump into pausing tariffs

1 week ago | timesofindia.indiatimes.com | Mayur Shetty

What just happened in US bond markets that spooked Trump into pausing tariffsTrump's decision to pause the hefty tariffs for 90 days followed turmoil in the financial markets that included an acute selloff in the $27 trillion US Treasury market. The working of the US Treasuries and why this selloff occurred, explainedWhat is the US Treasuries market?
RBI set for rate cut, banks’ cost of funds may not drop

2 weeks ago | timesofindia.indiatimes.com | Mayur Shetty

Despite RBI's repo rate cuts, deposit rates remain high, impacting banks' cost of funds. While home loan borrowers benefit, depositors see limited gains due to investor shifts and liquidity pressures. Experts anticipate further repo rate cuts, but transmission to deposit rates will be gradual, influenced by banks' liquidity coverage and policy stance. MUMBAI: RBI began its rate-cutting cycle in Feb with a 25 basis point reduction in the repo rate, but deposit rates have largely remained unchanged.
RBI cut didn’t lower FD rates: Kotak chief

4 weeks ago | timesofindia.indiatimes.com | Mayur Shetty

After 35 years abroad at Citibank and Barclays, Ashok Vaswani, who took over as MD & CEO of Kotak Mahindra Bank 15 months ago, defies the usual expat affectations. Unlike many returnees driven by personal ties, Vaswani was drawn back by a professional challenge — succeeding founder Uday Kotak at the helm. India’s rapid growth and digital infrastructure proved irresistible, offering an opportunity to apply insights gained across five continents. Excerpts:Another RBI rate cut is expected in April.
One in five ultra high networth individuals want to settle abroad: Kotak survey

4 weeks ago | timesofindia.indiatimes.com | Mayur Shetty

One in five Ultra-HNIs in India plans to settle abroad for better investment opportunities, tax benefits, and connectivity, according to a Kotak Mahindra Bank survey. Ultra-HNIs are diversifying their assets globally, focusing on succession planning, healthcare, and education. EY highlights their global identity and increased spending on family offices and collectibles to preserve wealth and heritage.
RBI pumped liquidity, cut rates, but loans cost same

1 month ago | timesofindia.indiatimes.com | Mayur Shetty

RBI has injected over Rs 5 lakh crore into the banking system since mid-Jan to ensure surplus liquidity and support its rate cut's transmission to borrowers. Despite this, corporate borrowing costs remain unchanged due to firm MCLR rates and year-end demand for funds. MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos.
RBI says IndusInd Bank stable; to fix all discrepencies in seven days - The Times of India

1 month ago | timesofindia.indiatimes.com | Mayur Shetty

NewsRBI says IndusInd Bank stable; to fix all discrepencies in seven daysThe Reserve Bank of India has confirmed that IndusInd Bank is financially stable and adequately capitalised. Depositors are advised not to react to speculation concerning the bank's foreign exchange derivative portfolio discrepancies, which are to be resolved by March 31, 2025. The bank's financial ratios remain solid.
‘Tariffs may boost US manufacturing & consumption’

1 month ago | timesofindia.indiatimes.com | Mayur Shetty

Stephen Schwarzman of Blackstone believes the new US tariff regime could boost American growth and global consumption. He indicates India is well-placed in tariff negotiations and highlights the necessity of infrastructure investment and streamlined project approvals. Schwarzman remains optimistic about India's long-term economic trajectory despite market fluctuations.
Sebi allows small finance companies to invest in bad debt securities

1 month ago | timesofindia.indiatimes.com | Mayur Shetty

TrendingMUMBAI: Markets regulator Sebi has eased norms for security receipts - issued by asset reconstruction companies (ARCs) to manage bad loans - by allowing smaller finance companies to invest in the financial instruments. Sebi's outgoing chief Madhabi Puri Buch in a notification on Feb 28, her last day in office, allowed smaller NBFCs and housing finance companies to invest in the security receipts, expanding a market that was restricted to larger financial institutions.
Health premiums surge, some renewals take a hit

1 month ago | timesofindia.indiatimes.com | Mayur Shetty

MUMBAI: Health insurance premium costs have surged forcing some policyholders to either downgrade or drop out of their cover. 1 in 10 policyholders has missed out on renewals in this financial year. About 10% policyholders have seen their renewal costs rise by 30% or more this year - only half of them paid the full premium. Why are premiums soaring? Insurers say a worsening claims ratio (the percentage of claims to total premium collected) is behind the hikes.
Health insurers mop up Rs 1 lakh crore in FY25 as premium costs rise

1 month ago | timesofindia.indiatimes.com | Mayur Shetty

MUMBAI: Health insurance premiums crossed the Rs 1-lakh-crore mark in the first 10 months of the current financial year, marking a 10% increase from Rs 90,785 crore mopped up in the same period last year. However, growth has slowed compared to the previous fiscal year when premiums grew 20%. Total health insurance premiums for FY24 stood at Rs 1.07 lakh crore. In FY25, the premiums reached Rs 1 lakh crore in Jan 2025, data reported by non-life insurers showed.