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Dinesh Unnikrishnan

Editor-Banking & Finance

Moneycontrol

Editor-Banking & Finance at Moneycontrol. Dinesh heads the Banking and Finance Bureau at Moneycontrol. He also writes a weekly column, Banking Central, every Monday.

Rs 4,760 crore bank fraud: CBI registers case against GTL Ltd directors, bankers

BUSINESS

Rs 4,760 crore bank fraud: CBI registers case against GTL Ltd directors, bankers

Enquiries revealed that GTL was extending advances to vendors year on year without supply of material and goods. Around 24 banks have together lent money to GTL that include Canara Bank, Dena Bank and ICICI Bank among others.

Exclusive: Videocon loan case: Dhoot co-founded NuPower at own office address, documents reveal

BUSINESS

Exclusive: Videocon loan case: Dhoot co-founded NuPower at own office address, documents reveal

Dhoot’s Supreme Energy was incorporated just six months before Deepak Kochhar’s NuPower at the same address in 2008, indicating their association before the alleged loan scam.

Banking Central | Yes Bank AT1 bond holders knew the risks, they simply ignored it

BUSINESS

Banking Central | Yes Bank AT1 bond holders knew the risks, they simply ignored it

Retail investors in bonds and debentures are generally supposed to be savvier than retail stock investors. Hence, they have to take part of the blame.

MC Explains | The Yes Bank AT1 bond and why Bombay High Court refused a write-off

BUSINESS

MC Explains | The Yes Bank AT1 bond and why Bombay High Court refused a write-off

The issue, however, is far from resolved. On January 21, Yes Bank said it will move the Supreme Court against the high court order, starting another round of legal battle

The great Indian banking baraat: Megaphones, grand processions, music—all to lure the elusive depositor

BUSINESS

The great Indian banking baraat: Megaphones, grand processions, music—all to lure the elusive depositor

Bankers are running baraat-like shows on streets in a desperate bid to garner deposits. Is making a show to market deposit products a new norm?

Budget 2023 | Can FM Sitharaman crack the Crypto code in the Budget?

BUSINESS

Budget 2023 | Can FM Sitharaman crack the Crypto code in the Budget?

The finance minister has a golden opportunity to set the tone for crypto regulation taking cues from the Reserve Bank of India’s clear messaging on crypto dangers.

Banking Central | Bank bad debt load would look scary sans huge corporate loan write-offs

BUSINESS

Banking Central | Bank bad debt load would look scary sans huge corporate loan write-offs

The amount of money written off largely comprises of loans given to corporate borrowers

PTC Financial Services under RBI scanner as corporate governance issue lingers

BUSINESS

PTC Financial Services under RBI scanner as corporate governance issue lingers

The PFS management has dismissed the findings of a forensic audit, citing views of E&Y and a former chief justice of India.

How ICICI Bank burned an $850 million hole with wrong bet on Australian coal mine

BUSINESS

How ICICI Bank burned an $850 million hole with wrong bet on Australian coal mine

Three other Indian banks also put money on the table for the acquisition of the Griffin Coal mine by Lanco, which went bankrupt. The loans turned bad in 2017 and ICICI Bank is learned to have fully provided for the losses in FY18.

Rs 100-crore scam: How a Kerala couple duped HNIs, doctors and retired govt officers to splurge at Goa casinos, on foreign trips

BUSINESS

Rs 100-crore scam: How a Kerala couple duped HNIs, doctors and retired govt officers to splurge at Goa casinos, on foreign trips

The couple—Ebin Varghese and wife Sreeranjini—duped 80-85 investors promising 20-40 percent returns.

Banking Central | IDBI Bank divestment will set the tone for PSB privatisation

BUSINESS

Banking Central | IDBI Bank divestment will set the tone for PSB privatisation

While PSBs are struggling with legacy issues, private banks are gaining market share. A successful template can give confidence to the government and attract more buyers.

Chanda Kochhar's release procedural, won't affect facts of the case, say lawyers

BUSINESS

Chanda Kochhar's release procedural, won't affect facts of the case, say lawyers

The Bombay High Court granted bail to the former ICICI Bank chief and her husband, Deepak Kochhar, saying the arrests were not in accordance with law

Budget 2023: Higher allocation for agriculture, infrastructure is the key, says Rajnish Kumar

BUSINESS

Budget 2023: Higher allocation for agriculture, infrastructure is the key, says Rajnish Kumar

The former SBI chairman said he would be very happy if there is any relaxation in income tax in the Budget 2023 but it was unlikely

BharatPe Chairman Rajnish Kumar: I'll never stoop to Ashneer Grover's level, I don't change my colours

BUSINESS

BharatPe Chairman Rajnish Kumar: I'll never stoop to Ashneer Grover's level, I don't change my colours

Ousted BhratPe co-founder Ashneer Grover had tweeted that Rajnish Kumar was his biggest hiring mistake

Rajnish Kumar Interview | Action must against bankers for quid pro quo deals but can't blame only them for NPAs

BUSINESS

Rajnish Kumar Interview | Action must against bankers for quid pro quo deals but can't blame only them for NPAs

The comments come a few days after former ICICI Bank CEO Chanda Kochhar was arrested by the CBI in the Videocon loan scam

MC Exclusive | BharatPe's Rajnish Kumar denies leadership crisis, looks for fresh talent

BUSINESS

MC Exclusive | BharatPe's Rajnish Kumar denies leadership crisis, looks for fresh talent

On January 3, CEO Suhail Sameer stepped down, following a series of other senior level exits in the company

Exclusive | Former SBI chief Rajnish Kumar bats for reforms in Kisan Credit Cards

BUSINESS

Exclusive | Former SBI chief Rajnish Kumar bats for reforms in Kisan Credit Cards

Kumar’s comments come just a month ahead of Union Budget 2023 and banking sector is eagerly looking for supportive measures for growth from government.

Exclusive | Ex-SBI chief pitches for greater autonomy, professionalism in public sector

BUSINESS

Exclusive | Ex-SBI chief pitches for greater autonomy, professionalism in public sector

Rajnish Kumar's comments assume significance in the backdrop of a prolonged debate on autonomy, especially for public sector banks (PSBs), and the bid to privatise at least some of the state-run lenders

Banking Central | 5 key things to watch out in Indian banking sector in 2023

BUSINESS

Banking Central | 5 key things to watch out in Indian banking sector in 2023

The year 2022 was a rollercoaster ride for India’s banks - RBI’s unprecedented aggression on inflation, arrest of a top banker in a loan scam and continuing collapse of India’s cooperative banks. What’s 2023 hold? Let’s take a look.

RBI Financial Stability Report: Gross NPAs of Indian banks fall to seven-year low in September

BUSINESS

RBI Financial Stability Report: Gross NPAs of Indian banks fall to seven-year low in September

Macro stress tests for credit risk reveal that banks would be able to comply with the minimum capital requirements even under severe stress scenarios, the RBI report said.

How Chanda Kochhar’s family built a green power firm with blessings from Dhoots

BUSINESS

How Chanda Kochhar’s family built a green power firm with blessings from Dhoots

Both the Dhoot and Kochhar families were closely involved in NuPower Renewables from its early beginnings, contrary to claims, evidence shows

Exclusive Interview | Chanda Kochhar’s arrest only tip of iceberg, more beneficiaries involved, says whistle-blower Arvind Gupta

BUSINESS

Exclusive Interview | Chanda Kochhar’s arrest only tip of iceberg, more beneficiaries involved, says whistle-blower Arvind Gupta

In a free-wheeling interview with Moneycontrol, Gupta said the role of ICICI Bank management, named in the CBI First Information Report (FIR), needs to be probed thoroughly.

Chanda Kochhar, Venugopal Dhoot not cooperating with probe, CBI tells court

BUSINESS

Chanda Kochhar, Venugopal Dhoot not cooperating with probe, CBI tells court

Both Chanda and Deepak Kochhar were arrested on 24 December in connection with the Rs 3250 crore Videocon loan scam

How Venugopal Dhoot’s quid-pro-quo money led to Kochhars’ downfall

BUSINESS

How Venugopal Dhoot’s quid-pro-quo money led to Kochhars’ downfall

Dhoot’s investments Deepak Kochhar’s companies, shortly after securing a loan from Chanda Kochhar-headed ICICI Bank, became the corner stone of India’s biggest banking scandal