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Dinesh Unnikrishnan

Deputy Editor

Firstpost.com

Exclusive | Current regulations not favourable for private sector investments in infra sector: Hemant Kanoria

BUSINESS

Exclusive | Current regulations not favourable for private sector investments in infra sector: Hemant Kanoria

In an exclusive interview with Moneycontrol, Hemant Kanoria, Chairman, Srei Infrastructure Finance, talks about a range of issues, including the reasons behind Srei's change in strategy and other industry issues.

Moody’s India rating downgrade: Why Modi government shouldn’t miss warning signals

BUSINESS

Moody’s India rating downgrade: Why Modi government shouldn’t miss warning signals

In the absence of fiscal steps and reforms, the growth scenario is likely to worsen, logically leading to more rating actions and economic distress.

What does Moody’s rating downgrade reveal about the economy? Hint: COVID-19 is not the villain

BUSINESS

What does Moody’s rating downgrade reveal about the economy? Hint: COVID-19 is not the villain

Speculations were rife about an impending rating downgrade with India’s economy taking a severe hit due to the COVID-19 outbreak, the government’s fiscal calculations going wrong due to major revenue loss and weakening economic conditions. So, what’s worrying Moody’s with respect to the Indian economy?

Exclusive | IDBI Bank looking to raise capital this fiscal: Suresh Khatanhar, DMD

BUSINESS

Exclusive | IDBI Bank looking to raise capital this fiscal: Suresh Khatanhar, DMD

"IDBI Bank is back in the black and hopes to be out of Reserve Bank of India's PCA framework soon," Khatanhar told Moneycontrol.

Banks and NBFCs begin tug of war on extension of loan moratorium scheme

BUSINESS

Banks and NBFCs begin tug of war on extension of loan moratorium scheme

Through informal communications, many banks have conveyed to NBFCs and micro lenders that they aren’t in favour of extending the moratorium, said at least three NBFC industry officials

Loan moratorium extension: Is it a trap or an opportunity?

BUSINESS

Loan moratorium extension: Is it a trap or an opportunity?

You are the best judge to decide whether this offer makes sense for you or not. If you are someone with enough cash flows, it is better to continue with regular payments. If you are looking to generate some liquidity for near term use, loan moratorium makes sense for you. It’s a call you need to take.

End of an era as Kapurs step down as Yes Bank promoters

BUSINESS

End of an era as Kapurs step down as Yes Bank promoters

With Kapurs’ choosing to step back as YES Bank promoters, an era is over at Yes Bank. Yes Bank was co-founded in 2004 by Ashok Kapur and Rana Kapoor with Ashok as chairman and Rana as managing director and CEO.

Decoding GDP data: India’s economy suffered a double whammy last fiscal and the worst is yet to come

BUSINESS

Decoding GDP data: India’s economy suffered a double whammy last fiscal and the worst is yet to come

The Gross Fixed Capital Formation (GFCF), which is a major indicator that shows investment activity on the ground, contracted by 2.8 percent in FY2020 as against a growth of 9.8 percent in the previous fiscal year

Q4 GDP data today: Why does the growth number matter to us?

BUSINESS

Q4 GDP data today: Why does the growth number matter to us?

Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.

Two reasons why India’s cash-starved govt banks need urgent capital support now

BUSINESS

Two reasons why India’s cash-starved govt banks need urgent capital support now

If the govt wants PSBs to shoulder the burden of the economic package execution, simultaneously fighting the COVID-19 uncertainty, it needs to fill their capital void. Else, it needs to prepare a plan to get out of government ownership in these banks and let private players run the show.

Kalpana Morparia, an iconic banker, set to draw curtains on an illustrious career

BUSINESS

Kalpana Morparia, an iconic banker, set to draw curtains on an illustrious career

Morparia made her name in the banking world during her stint at ICICI Bank. After retiring from ICICI Bank in 2007 as Joint Managing Director, Morparia took charge at JP Morgan in 2008.

Eight months after PMC crisis, RBI yet to find a suitor for the bank

BUSINESS

Eight months after PMC crisis, RBI yet to find a suitor for the bank

Even after eight months since the Reserve Bank of India (RBI) superseded the bank’s board and appointed an administrator, the revival plan is yet to progress meaningfully

What does the IBC data tell us about the state of Indian economy?

BUSINESS

What does the IBC data tell us about the state of Indian economy?

Of the total 12 cases that were directed to the Insolvency and Bankruptcy Court by the Reserve Bank of India (RBI) in 2017, a resolution has been arrived in six cases while liquidation orders were passed against two companies.

Little to cheer for banking sector on first anniversary of Modi government's second term

BUSINESS

Little to cheer for banking sector on first anniversary of Modi government's second term

There were no real positives for banking sector in the past one year.

Loan moratorium extension until August 31: Can prolonged EMI deferral spoil borrowers' credit culture?

BUSINESS

Loan moratorium extension until August 31: Can prolonged EMI deferral spoil borrowers' credit culture?

Since most borrowers of MFIs are from low income segments, it is difficult to restore the credit culture once the payments go off the track, MFI officials say.

COVID-19 shadows HDFC Q4 numbers: Performance of developer loans key going ahead

BUSINESS

COVID-19 shadows HDFC Q4 numbers: Performance of developer loans key going ahead

Going ahead what HDFC needs to watch is the performance of developer loans. In Q4, there has been a big spike in NPAs from this segment.

RBI responds well, but its actions are band-aid solutions sans fiscal steps to boost demand

BUSINESS

RBI responds well, but its actions are band-aid solutions sans fiscal steps to boost demand

Much of the economic package announced by the government is loans and interest subventions. Loans aren’t free money. It needs to be paid back to lenders and in the absence of demand, the RBI will be forced to come up with more band-aid measures.

Axis Trustee includes ‘misselling’ of Yes Bank AT1 bonds in petition at Bombay HC

BUSINESS

Axis Trustee includes ‘misselling’ of Yes Bank AT1 bonds in petition at Bombay HC

On May 7, Moneycontrol first reported that alleged ‘misselling’ of these bonds to retail bond holders by Yes Bank’s executives was likely to be made part of an existing petition in the High Court of Bombay filed by Axis Trustee. Retail AT1 bond holders allege that Yes Bank executive sold these bonds to retail customers as ‘Super FDs’ offering safety and relatively high return compared with regular fixed deposits.

Das comes to the rescue of stressed borrowers again but passes ball to banks' court

BUSINESS

Das comes to the rescue of stressed borrowers again but passes ball to banks' court

So far, if one looks at measures from the government and the RBI, the central bank’s actions have offered immediate support to the borrowers.

Why a government-controlled bad bank is not a good idea

BUSINESS

Why a government-controlled bad bank is not a good idea

A bad bank is essentially an entity which bundles together all the bad assets in the banking industry, buys it at a discounted price from banks and tries to find buyers by putting a turnaround plan in place

COVID-19 impact: The beginning of a new bad loan cycle is here

BUSINESS

COVID-19 impact: The beginning of a new bad loan cycle is here

The COVID-19 effect on the Indian economy, coupled with some of the schemes launched by the government to contain the problem may actually cause another wave of bad loans in the Indian banking system. Warning signals are already visible.

With Centre’s economic package offering no relief, NBFCs send SOS to FinMin

BUSINESS

With Centre’s economic package offering no relief, NBFCs send SOS to FinMin

NBFCs were shocked to know that both the schemes carried very short repayment tenures and therefore, were of little help to them

Govt’s Rs 30,000-crore special liquidity scheme for NBFCs a non-starter, three-month tenure disappoints industry

BUSINESS

Govt’s Rs 30,000-crore special liquidity scheme for NBFCs a non-starter, three-month tenure disappoints industry

On Wednesday, the government issued the details of the special liquidity scheme for non-banking finance companies and housing finance companies following Cabinet approval.

Bajaj Finance gears up for a tough quarter ahead; bets big on Bharat, rather than India

BUSINESS

Bajaj Finance gears up for a tough quarter ahead; bets big on Bharat, rather than India

Bajaj finance, like most lenders, is set to face the severe uncertainty related to Covid-19 in the next few months. The extension of lockdown till May 31 will likely have further impact on customers’ ability to borrow more and repay existing loans.

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