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

Vague war clauses cloud IPL cover

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

Trending Image used for representative purposes MUMBAI: The suspension of IPL - India's most heavily insured sporting event - has brought renewed scrutiny to the utility and limits of event insurance amid geopolitical tensions. Howden, the insurance broker to the BCCI, acknowledged the suspension and said it would wait for an official decision on cancellation or rescheduling.
Japan's SMBC to buy 20% in Yes Bank

5 days ago | timesofindia.indiatimes.com | Mayur Shetty

Trending Image used for representative purposes MUMBAI: Five years after a group of Indian lenders led by SBI stepped in to rescue Yes Bank, Japan's Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 20% stake in the private lender for Rs 13,483 crore, making it the largest shareholder. The deal, India's biggest cross-border banking investment, marks a shift in ownership of the bank once run by veteran banker Rana Kapoor.
Insurers get queries: How much does war cover cost?

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

NewsInsurers get queries: How much does war cover cost? Following India's Operation Sindoor, insurance companies are experiencing a surge in inquiries for war risk insurance. While cargo in transit can still be covered with additional premiums, underwriters are hesitant to provide war risk cover for landed property due to clauses excluding events proximate to war. Reinsurance treaties may be affected during wartime, potentially leading to higher marine cargo insurance rates.
Lend, baby, lend: Borrowers getting younger

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

Indians are accessing credit much earlier, with the average age for first-time borrowers dropping significantly across generations. This shift is driven by increased disposable income, pre-approved loans from banks, and the availability of unsecured credit products like credit cards and personal loans. The Jan Dhan-Aadhaar-Mobile trinity has also streamlined borrower tracking, contributing to this trend.
RBI: Balance green fin push & credit risks

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

TrendingMUMBAI: Regulators and policymakers need to perform a "delicate balancing act" to successfully navigate the dual challenges of promoting green finance while managing heightened credit risks arising out of the transition to green technology that could threaten financial stability, M Rajeshwar Rao, deputy governor of RBI said, while speaking on green finance.
Re's gains against $ mask losses vs euro, pound

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

MUMBAI: Most of the recent market focus has been on the rupee's modest gains against the dollar. Yet, a closer inspection of currency trends reveals a broader bout of weakness: The Indian currency slid against a basket of non-dollar counterparts, notably the euro and the pound, complicating the picture for policymakers and market participants. Abhishek Goenka, chief executive of IFA Global, highlighted the rupee's decoupling from the greenback's trajectory.
Shares of J&K Bank fall most after Pahalgam terror attack

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

TrendingMUMBAI: Jammu and Kashmir Bank was the biggest loser on the bourses on Wednesday, with its stock falling 0% to close at Rs 103. The decline followed the killing of 26 tourists by terrorists in Pahalgam during the peak travel season, which led to many visitors cutting short their trips.
Indian lenders safe tariff shocks but face pressure due to margins and asset stress

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

TrendingMUMBAI: Indian lenders are expected to weather US tariff shocks better than their Asian peers, but falling interest rates will squeeze margins. Non-banks, meanwhile, face slower growth as stress builds in segments like unsecured loans. Moody’s Ratings said India’s more diversified export base limits the credit impact from new US tariffs. While higher tariffs have spooked global markets and heightened recession fears, Indian banks are relatively insulated.
UPI circle on BHIM app enables users to approve payments for family members remotely

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

The BHIM app introduces UPI Circle, enabling users to delegate payment access to trusted contacts. This feature supports various use cases, including assistance for senior citizens, controlled spending for young adults, and secure delegation for small businesses. Primary users maintain oversight through real-time notifications and transaction approvals, enhancing financial inclusion and security.
What just happened in US bond markets that spooked Trump into pausing tariffs

1 month 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?