Dinesh Unnikrishnan

Deputy Editor

Firstpost.com

Banking Central | PSBs and private banks: Where is the level playing field?

BUSINESS

Banking Central | PSBs and private banks: Where is the level playing field?

Unless public sector banks are given a level-playing field, the government cannot expect same operational performance from them as private banks

RBI Bulletin: India’s economic activity gaining momentum, but private investment missing

BUSINESS

RBI Bulletin: India’s economic activity gaining momentum, but private investment missing

The central bank noted that the broader measures of liquidity reflect easing of monetary and financial conditions in the system

RBI bulletin: Bank credit flow to industries, infrastructure remains a concern

BUSINESS

RBI bulletin: Bank credit flow to industries, infrastructure remains a concern

Bank credit growth to industries slowed due to the coronavirus impact but has recently picked up for agriculture and services sectors as economic activities resume, the central bank has said.

A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments?

BUSINESS

A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments?

The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift.

Current inflation target of 2-6% appropriate for next 5 years, says RBI report

BUSINESS

Current inflation target of 2-6% appropriate for next 5 years, says RBI report

There is speculation that the government may ask the central bank to relax inflation targets to support growth.

Nirav Modi extradition: The story so far and what it means for Indian banks

BUSINESS

Nirav Modi extradition: The story so far and what it means for Indian banks

The diamantaire's case involving PNB exposed the loopholes in the banks' risk management systems.

Finmin lets private banks participate in government business: An unfair deal for state-run lenders?

BUSINESS

Finmin lets private banks participate in government business: An unfair deal for state-run lenders?

Private Banks have welcomed the step but PSBs say the decision is unfair as they carry the burden of social banking

Explained: India inches closer to launching a digital currency; 5 key points

BUSINESS

Explained: India inches closer to launching a digital currency; 5 key points

The RBI has indicated that it is working on a digital currency, but the central bank hasn’t committed on a launch date yet.

Like a Boss: Nirmal Jain on why managements need to be open minded

BUSINESS

Like a Boss: Nirmal Jain on why managements need to be open minded

Nirmal Jain, founder of IIFL, finds inspiration from the fascinating success stories of Amazon and Flipkart and loves to read George Orwell and Benjamin Graham.

Explained: Is the Indian bond market spooking equity investors?

BUSINESS

Explained: Is the Indian bond market spooking equity investors?

Ever since the government announced the huge borrowing plan, bond yields are moving up. Can the Reserve Bank of India (RBI) calm nerves?

MPC Minutes: Did the panel just signal a delayed growth recovery, longer rate pause?

BUSINESS

MPC Minutes: Did the panel just signal a delayed growth recovery, longer rate pause?

MPC minutes show that all members continued on the same stance to support growth, ignoring the near-term inflation worries.

Banking Central: Can Indian co-operative banks regain customer trust?

BUSINESS

Banking Central: Can Indian co-operative banks regain customer trust?

RBI crackdown on co-operative banks continues with two banks facing action so far this year for worsening financials. But will this deter customers from parking their life savings in co-operatives? Read on to know

RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

BUSINESS

RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted

The RBI has been cracking down on weak co-operative banks over the last few years. In 2020, the RBI cancelled permits of three co-operative banks and imposed restrictions on several other banks.

PSB privatisation: Can government outfox India’s powerful trade unions?

BUSINESS

PSB privatisation: Can government outfox India’s powerful trade unions?

Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.

Explained | RBI rules on Housing Finance Companies: 10 key questions answered

BUSINESS

Explained | RBI rules on Housing Finance Companies: 10 key questions answered

The RBI has issued a master circular to bring into effect comprehensive rules announced last October to bring HFCs under closer scrutiny. The rules aim to safeguard the interest of investors and depositors.

Citibank just sent some lenders $900 million by mistake. What happens if you commit such a colossal gaffe?

BUSINESS

Citibank just sent some lenders $900 million by mistake. What happens if you commit such a colossal gaffe?

What if you transfer money to the wrong beneficiary? More importantly, what should you do if you receive an amount by accident from someone? Here is what bankers say

Will NBFCs be allowed to transfer stressed assets to proposed Bad Bank?

BUSINESS

Will NBFCs be allowed to transfer stressed assets to proposed Bad Bank?

Transferring bad loans to an ARC is only the last option for a lender. That happens at a deep discount, which may not attract NBFCs.

Crisil says NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by end of FY21

BUSINESS

Crisil says NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by end of FY21

However, the one-time COVID-19 restructuring window, and the micro, small and medium enterprises (MSME) restructuring scheme offered by the Reserve Bank of India (RBI) will limit the reported gross non-performing assets (GNPAs).

Analysis | PSB privatisation: Will there be takers for NPA-ridden government banks?

BUSINESS

Analysis | PSB privatisation: Will there be takers for NPA-ridden government banks?

Most of the mid-sized government banks have high bad loans on the books, making it a risky bet for potential acquirers. But building a bad bank can change the scenario.

Banking Central: Do India’s top bankers, regulators really retire?

BUSINESS

Banking Central: Do India’s top bankers, regulators really retire?

It is learned that former SBI Chairman Rajnish Kumar has received a NoC (no-objection certificate) from the Government of India to get an exemption from the one-year cooling off rule.

How Rajnish Kumar landed a job at Kotak within 4 months of retiring as SBI chief

BUSINESS

How Rajnish Kumar landed a job at Kotak within 4 months of retiring as SBI chief

Government rules prohibit retired PSU bank chairmen from joining other companies within a year of retirement.

Explainer| Will falling CPI inflation push the MPC for an early rate cut?

BUSINESS

Explainer| Will falling CPI inflation push the MPC for an early rate cut?

The CPI inflation has fallen within the central bank’s comfort zone in last the two months.

Five reasons why Indian billionaires are hurrying to buy NBFCs amid a pandemic

BUSINESS

Five reasons why Indian billionaires are hurrying to buy NBFCs amid a pandemic

Till 2018, NBFC space was a booming business. The perception changed post the IL&FS collapse.

SBI home loans: With Its aggressive bet on home loans, the elephant is dancing once again

BUSINESS

SBI home loans: With Its aggressive bet on home loans, the elephant is dancing once again

Amid tight industry competition and pandemic, SBI has taken an aggressive position in fresh retail business acquisition. It has been a consistent performer operating within the constraints of Government ownership

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