Dinesh Unnikrishnan

Deputy Editor

Firstpost.com

Exclusive | Bank licences for corporates with right regulation not a bad idea: Bandhan’s Chandra Shekhar Ghosh

BUSINESS

Exclusive | Bank licences for corporates with right regulation not a bad idea: Bandhan’s Chandra Shekhar Ghosh

Corporates have money and experience which can benefit the banking industry. People are criticising this part. But with right kind of monitoring and supervision, these risks can be addressed.

NBFCs cautious on RBI working group proposals on banking entry

BUSINESS

NBFCs cautious on RBI working group proposals on banking entry

There are many NBFCs that do not want to become banks.

Raghuram Rajan says RBI group’s proposal to let corporates float banks is a ‘bombshell’, questions timing

BUSINESS

Raghuram Rajan says RBI group’s proposal to let corporates float banks is a ‘bombshell’, questions timing

The former central bankers cite the risks in letting businesses run banks.

Banking Central | Too early for corporates to uncork the bubbly

BUSINESS

Banking Central | Too early for corporates to uncork the bubbly

On-tap licensing norms already exist in India but there have not been many takers, mainly because of RBI’s tight entry criteria.

RBI report: Doors could be finally open to large business houses to launch banks

BUSINESS

RBI report: Doors could be finally open to large business houses to launch banks

In the past RBI has been hesitant to allow large businesses to promote banks. The indications are that this approach could change now

DBS wanted to buy 50% stake of Lakshmi Vilas Bank in 2018, RBI did not agree: Promoter

BUSINESS

DBS wanted to buy 50% stake of Lakshmi Vilas Bank in 2018, RBI did not agree: Promoter

According to the terms of the LVB-DBS amalgamation, the entire paid up share capital of the bank will be written off. This has shocked the bank’s equity investors.

Yes Bank and LVB rescued, but investors pay the price

BUSINESS

Yes Bank and LVB rescued, but investors pay the price

PMC, Yes Bank and LVB—all three episodes have important lessons for investors and depositors

LVB-DBS merger: Facing a wipeout, LVB’s ‘shocked’ equity holders weigh legal action

BUSINESS

LVB-DBS merger: Facing a wipeout, LVB’s ‘shocked’ equity holders weigh legal action

According to the draft scheme of amalgamation of Lakshmi Vilas Bank with DBS Bank India, the entire amount of the paid-up share capital will be written off. Some institutional investors Moneycontrol spoke to said they would consult legal experts before deciding on the way forward

Lakshmi Vilas Bank moratorium: LVB shareholders will get nothing after merger with DBS

BUSINESS

Lakshmi Vilas Bank moratorium: LVB shareholders will get nothing after merger with DBS

According to the draft scheme of amalgamation, the entire paid-up share capital of the LVB will be wiped out.

RBI being shrunk rapidly, autonomy target of systemic attack: RBI unions to HR department

BUSINESS

RBI being shrunk rapidly, autonomy target of systemic attack: RBI unions to HR department

Central bank employees to strike work on 26 November

Banking Central | How powerful is RBI when it comes to Bank CEO appointments?

BUSINESS

Banking Central | How powerful is RBI when it comes to Bank CEO appointments?

The Gurbaxani case, regardless of its outcome, will set a precedent in the banking sector.

How government's ECLGS scheme came as a face-saver for banks

BUSINESS

How government's ECLGS scheme came as a face-saver for banks

The modified ECLGS scheme now covers almost all segments of stressed borrowers. Companies can use this money to stay afloat till growth rebounds.

Is COVID-19 impact on banking sector exaggerated?

BUSINESS

Is COVID-19 impact on banking sector exaggerated?

There are indications that actual impact of COVID-19 on banking sector could be less severe than expected.

Explainer | Household financial savings sharply jump in Q1: 5 key questions answered

BUSINESS

Explainer | Household financial savings sharply jump in Q1: 5 key questions answered

A sharp increase in household savings does not augur well for the economy. It means people are either postponing discretionary spending or expecting a tough economic scenario ahead.

How much will banks get if they sell Vijay Mallya’s shares?

BUSINESS

How much will banks get if they sell Vijay Mallya’s shares?

Shares are the only major recoverable assets for banks. The rest of Mallya’s collateral includes some real estate and personal assets, which don’t amount to much against the Rs 11,000 crore he owes lenders

ICICI Bank says record home loan sales seen in October

BUSINESS

ICICI Bank says record home loan sales seen in October

Bank is pushing its digital channels to grow the business, management said.

Analysis| Who got the bank money this year?

BUSINESS

Analysis| Who got the bank money this year?

Bankers can sense the ground realities often quicker than policymakers. What did they do when COVID hit the Indian economy in 2020? Here’s an analysis.

Lakshmi Vilas Bank: Worrying financials remind why a quick merger is the only hope

BUSINESS

Lakshmi Vilas Bank: Worrying financials remind why a quick merger is the only hope

The bright spots in the LVB story are an encouraging update given on the proposed merger with Clix Group and the recently approved rights issue proposal to raise Rs 500 crore

Microfinance industry grew by 31% in 2019-20, says report

BUSINESS

Microfinance industry grew by 31% in 2019-20, says report

NBFC-MFIs have grown loan accounts by 26 percent and average ticket size by 9 percent, according to Sa-Dhan's Bharat Microfinance Report.

Banking Central | How many big NBFCs would want to become banks?

BUSINESS

Banking Central | How many big NBFCs would want to become banks?

The RBI wants systemically important NBFCs to choose one of the two options--either become a bank or cut down their network externalities

Demonetisation 4 years on: A look at what it achieved and didn’t

BUSINESS

Demonetisation 4 years on: A look at what it achieved and didn’t

There were three main objectives of demonetisation—fighting black money, flushing out fake notes and creating a cashless economy. Here is a status check.

Systemically important NBFCs warrant tighter regulation, says RBI Deputy Governor Rajeshwar Rao

BUSINESS

Systemically important NBFCs warrant tighter regulation, says RBI Deputy Governor Rajeshwar Rao

Larger NBFCs with significant externalities and which contribute substantially to systemic risks must be identified and subjected to a higher degree of regulation, says M. Rajeshwar Rao, Deputy Governor of the RBI

Why co-lending, though a good idea, is unlikely to take off: 10 key facts about the model

BUSINESS

Why co-lending, though a good idea, is unlikely to take off: 10 key facts about the model

Banks have the money, NBFCs have people on the ground. A marriage makes sense. But, why would a bank share a good borrower with an NBFC?

SBI’s asset quality numbers warrant a closer look

BUSINESS

SBI’s asset quality numbers warrant a closer look

In the past, SBI had guided that it is 'asymptomatic' to the Covid-impact. Clearly, it is not.

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