BUSINESS
Three banks' earnings reinforce some cliches, break others
While public sector banks, including Central Bank of India, have reported improved performance consistently for several quarters now, their strength relative to private sector lenders is still wanting
BUSINESS
Moneycontrol Pro Panorama | Sticking the landing
In today’s edition of Moneycontrol Pro Panorama: India's future in space exploration hinges on Chandrayaan-3, prudent measures needed to limit flood damage, high interest rates could hit home loan growth, India risks losing the semiconductor race, and more
BUSINESS
As fintechs give a new look to the old game of lending, banks must be vigilant
Be it just plain distribution or more involved co-lending, fintechs tend to onboard riskier loans. Banks must keep in mind that bad loans are sowed in good times
BUSINESS
Utkarsh Small Finance Bank’s IPO will test investor interest in microfinance
Utkarsh Small Finance Bank Ltd is offering its equity to investors at Rs 23-25 per share and is targeting to raise Rs 500 crore through the IPO.
BUSINESS
Moneycontrol Pro Panorama | Switching gears in earnings season
In today’s edition of Moneycontrol Pro Panorama: Cochin Shipyard shows major improvement in earnings, sharp improvement in margins of FMCG firms, crude oil deserves more investor attention, death of the dollar, and more
BUSINESS
Banks’ growing reliance on CDs shows hunt for deposits is only getting intense
According to analysts at India Ratings Ltd, the share of CDs in the incremental deposits of banks has risen to 12.5 percent in FY23 from 6.5 percent in FY22
BUSINESS
Is MPC member Jayanth Varma just a contrarian or ahead of the curve?
Given his high ratio of dissent, market participants seem to perceive Varma as a constant contrarian voice. Varma’s dissent has not been for the sake of sounding contrary. In fact, many times, he has been able to flag upcoming challenges in his dissenting voice.
BUSINESS
NBFCs chasing retail loans makes for an uneasy cheer
The share of retail credit has expanded to 31.2 percent in FY23 from 26.1 percent in FY19 for NBFCs. Retail loans grew at a scorching 31.3 percent in FY23 even as overall loan growth was 16.1 percent
BUSINESS
Moneycontrol Pro Panorama | A shiny banking system must respect risk
In today’s edition of Moneycontrol Pro Panorama: Indian rice exporters left in a lurch, quick action needed to tackle flood damage to economy, real urban wages decline reflects inflation impact, EV sector among bright spots for investments, and more
BUSINESS
SBI Card’s growth is remarkable, but potential profits are not
For SBI Card, the downside of the spends is ironically its focus on growth. Chasing growth has meant tapping into geographies with lower per capita income and spending power such as small towns
BUSINESS
Banks must figure out how secured is a loan to an NBFC
The profile of loans that NBFCs give out has changed over the years. The share of unsecured lending has increased simply because the growth rates in these segments have been high
BUSINESS
Infra is booming again. Can banks keep pace, and avoid burning their fingers this time?
Though bank lending to infrastructure has slowed in the past five months, there are signs that bankers are taking a closer look at it again, reflected by the string of infrastructure bonds issued by some lenders.
BUSINESS
Moneycontrol Pro Panorama | MPC minutes portray a cautious Goldilocks
In today’s edition of Moneycontrol Pro Panorama: MNCs change strategy to do business in India, promoters losing board seats a game changer, solution to India’s subsidy problem, Go First’s insolvency plea a risky move, and more
BUSINESS
Banks must unlearn old deposit habits before dipping into infra lending
The increase in share of short-term deposits at a time when banks want to lend long-term loans to infrastructure projects is putting them at risk of asset liability mismatch
BUSINESS
Bank of Baroda must show it is special beyond the performance metrics
Stressed loan ratios are far better than its PSU peers, but they are still wanting when pitted against private sector lenders or even State Bank of India (SBI)
BUSINESS
Moneycontrol Pro Panorama | Requiem for India’s infra dream or a reality in the making?
In today’s edition of Moneycontrol Pro Panorama: US drug shortages an opportunity for India, investment advisers at risk of phasing out, will PLI scheme strengthen manufacturing prowess, El Niño's long-term effect on monsoon disturbing, and more
BUSINESS
Two-speed transmission of rate hikes could squeeze lender margins in FY24
With a large pile of deposits repriced higher and no scope to bring them down, banks have little elbow room to improve margins. In fact, margins would feel the squeeze. For NBFCs, it is tougher.
BUSINESS
RBI’s new rules on wilful defaulters make bank more accountable
If default is intentional then even new rules may not help in prevention but formalizing the recovery process brings its own benefits
BUSINESS
Moneycontrol Pro Panorama | The gap between sentiment and data
In today’s edition of Moneycontrol Pro Panorama: Indian startups face headwinds, defiant Indian economy not yet out of the woods, high stake game between Airbus and Boeing, Sachin Pilot’s Hamletian dilemma, and more
BUSINESS
RBI’s pause is a pivot killer with the 4 percent inflation target
RBI governor Das's emphasis on getting retail inflation down to 4 percent will mean the policy rate will stay high for longer
BUSINESS
RBI seen to stay in pause mode, but markets will seek clues on pivot
While the RBI may keep policy rates unchanged, any alteration in the stance would be seen as dovish by the markets.
BUSINESS
Moneycontrol Pro Panorama | Regulating the economy temperature gauge
In today’s edition of Panorama: SEBI proposes tightening disclosure for offshore funds, MGNREGA demand rises sharply, receding recession fears good sign for Indian IT, risky bets in business makes for better future, and more
BUSINESS
MC Explains : LIC’s transfer of funds to shareholders’ fund – is it a one-off event?
The transfer of funds will make more money available for LIC to pay dividends and issue bonus shares.
BUSINESS
RBI’s latest warnings show India’s banks need helicopter parenting
Evergreening is more sinister now as banks are indulging in the practice despite having complete knowledge of the risks involved.
