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Dinesh Unnikrishnan

Deputy Editor

Firstpost.com

Analysis | Bandhan Bank Q4 numbers mirror the stress on its books; the worst isn't over

BUSINESS

Analysis | Bandhan Bank Q4 numbers mirror the stress on its books; the worst isn't over

Bandhan Bank could see stress at an elevated level in the next two quarters before things improve, considering the impact of COVID second wave on small borrowers, who form a significant part of the bank's customer base.

Can RBI's COVID-19 measures help smaller lenders survive the second wave?

BUSINESS

Can RBI's COVID-19 measures help smaller lenders survive the second wave?

The industry has welcome the RBI measures but there is a fear that if lockdowns do not end soon, the sector may face a deeper crisis. In fact, lockdowns have already started hitting MFI operations.

MFIs welcome RBI decision to give priority tag for SFB loans to smaller microlenders, but want more

BUSINESS

MFIs welcome RBI decision to give priority tag for SFB loans to smaller microlenders, but want more

Many MFIs reported normal collection levels in the early part of April but it was slowing down as livelihoods of borrowers were getting hit and they were conserving cash

Explained | Did RBI governor announce a new loan moratorium and other questions answered

BUSINESS

Explained | Did RBI governor announce a new loan moratorium and other questions answered

The RBI has not announced a blanket moratorium like it did in 2020 but has allowed borrowers time to repay and restructure loans. Read on

RBI Governor Shaktikanta Das launches second round of loan restructuring, other relief measures to counter Covid second wave

BUSINESS

RBI Governor Shaktikanta Das launches second round of loan restructuring, other relief measures to counter Covid second wave

The RBI will continue to monitor the emerging COVID situation and deploy all instruments at its command to support the financial sector, RBI Governor Das has said.

Assembly elections 2021 | What awaits the Congress party in Kerala?

POLITICS

Assembly elections 2021 | What awaits the Congress party in Kerala?

It is doubtful whether the Congress-led UDF, in the current form, can make a good opposition. It will need to repair the internal damage and emerge stronger to play a constructive opposition.

Hit hard by second COVID wave, MFIs seek loan restructuring and fresh liquidity support from RBI

BUSINESS

Hit hard by second COVID wave, MFIs seek loan restructuring and fresh liquidity support from RBI

Compared to the first wave, the second had hit a larger number of MFI staff and created fear among employees, MFIs told the RBI at the meeting.

EXCLUSIVE| Srei Group's lenders lift salary cap of top executives, may pay arrears soon

BUSINESS

EXCLUSIVE| Srei Group's lenders lift salary cap of top executives, may pay arrears soon

On March 17, Moneycontrol first reported about the lenders move to cap the top executive salaries.

Uday Kotak says bank is prepared for a succession plan after his term ends in December, 2023

BUSINESS

Uday Kotak says bank is prepared for a succession plan after his term ends in December, 2023

Kotak is at the top post of the bank since 2003-2004, when the bank started operations.

In Kerala, it is time for the old Congress guard to make way for the young

INDIA

In Kerala, it is time for the old Congress guard to make way for the young

The state’s senior Congress leadership, largely under the thumb of Mullappally-Chennithala-Chandy trio, has failed miserably to get the party combat-ready against the might of the Left Democratic Front

Banking Central | Why are banks silent on coronavirus data of their employees?

BUSINESS

Banking Central | Why are banks silent on coronavirus data of their employees?

Bank employees are susceptible to infection because of the nature of their work. Banks must share information on how coronavirus has affected their staff, so that steps can be taken to ensure their safety.

Kerala poll outcome puts cold water on Twenty20’s bigger ambitions

INDIA

Kerala poll outcome puts cold water on Twenty20’s bigger ambitions

The party’s experiment in local body elections worked well but that wasn’t enough to compete in state elections where local elements are only a part of the deciding factors.

How 'captain' Pinarayi Vijayan led LDF to historic win in Kerala

POLITICS

How 'captain' Pinarayi Vijayan led LDF to historic win in Kerala

Vijayan consolidated the image of the party as a forward-looking, reform-oriented and no-nonsense administration through multiple crises. A weakened, divided opposition helped the party.

T Rabi Sankar to succeed B P Kanungo as RBI deputy governor

BUSINESS

T Rabi Sankar to succeed B P Kanungo as RBI deputy governor

RBI has four deputy governor posts of which fell vacant due to Kanungo's retirement. The other three deputy governors are Mahesh Kumar Jain, Michael Patra and M Rajeshwar Rao.

Analysis | Yes Bank's Q4 numbers reflect a worrying picture of its actual stressed assets

BUSINESS

Analysis | Yes Bank's Q4 numbers reflect a worrying picture of its actual stressed assets

The bank has written off Rs 10,323 crore of loans in the fourth quarter compared with Rs 1,747 crore in Q3 of FY21. The gross non-performing assets stand at 15.41 percent compared to 15.36 percent in the preceding quarter.

Exclusive Interview | It hurts when something like this happens, says Samit Ghosh, Founder Ujjivan, on minority shareholders rejecting his appointment as MD & CEO

BUSINESS

Exclusive Interview | It hurts when something like this happens, says Samit Ghosh, Founder Ujjivan, on minority shareholders rejecting his appointment as MD & CEO

The veteran banker says it is a lesson that they should not have taken their eyes off the ball and should have maintained relations with their investors. `At the end of the day, being a holding company, we cannot directly intervene in the bank’s operations. But definitely, I will be actively in touch with the investors,' says the Non-Executive Chairman of Ujjivan Financial Services

Ujjivan Financial Services' minority shareholders reject special resolution to appoint Samit Ghosh as MD&CEO

BUSINESS

Ujjivan Financial Services' minority shareholders reject special resolution to appoint Samit Ghosh as MD&CEO

Ghosh, who will continue as the chairman of the company, told Moneycontrol that minority shareholders were probably upset with the share price performance during the COVID period.

After NBFCs, MFIs raise alarm on COVID second wave, seek fresh liquidity support

BUSINESS

After NBFCs, MFIs raise alarm on COVID second wave, seek fresh liquidity support

In a letter to the FM, Sa-Dhan said the second wave of COVID pandemic has begun hurting the operations of microlenders.

Explained | How new RBI rules change the way auditors function in banks

BUSINESS

Explained | How new RBI rules change the way auditors function in banks

The role of auditors has been questioned repeatedly whenever bank frauds have happened in the past, including during the infamous PNB fraud and YES Bank, IL&FS episodes.

Can big private banks’ aggressive retail bet go wrong?

BUSINESS

Can big private banks’ aggressive retail bet go wrong?

Banks are aggressively shifting to retail loans, which makes sense at this point. But, the bet could boomerang if COVID second wave gets prolonged and vaccination drive doesn’t progress as planned.

Axis Bank receives Rs 3,004 crore worth loan recast requests under COVID framework, implements Rs 623 crore so far

BUSINESS

Axis Bank receives Rs 3,004 crore worth loan recast requests under COVID framework, implements Rs 623 crore so far

The bank expects some near-term impact from COVID-19 second wave but will look for growth opportunities in both secured and unsecured book, the management said.

RBI’s 15-year tenure cap: These are the CEOs who will be impacted

BUSINESS

RBI’s 15-year tenure cap: These are the CEOs who will be impacted

Among those who will be affected by the new rule, though not immediately, are Kotak Mahindra Bank’s Uday Kotak, Bandhan Bank’s Chandra Shekhar Ghosh and AU Small Finance Bank's Sanjay Agarwal. How exactly will the new rules affect their tenures? Read on to find out

Will new RBI rules on promoter-CEO tenure impact Uday Kotak?

BUSINESS

Will new RBI rules on promoter-CEO tenure impact Uday Kotak?

The RBI rules allow Uday Kotak to continue till January 1, 2024 . However, the regulator has given a signal to the bank to plan the transition process.

New RBI rules: Aditya Puri’s record as bank CEO with longest reign will now be unbroken

BUSINESS

New RBI rules: Aditya Puri’s record as bank CEO with longest reign will now be unbroken

After a 26-year long tenure, former HDFC Bank boss Aditya Puri stepped down last year handing over the baton to Sashidhar Jagdishan.

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