Moneycontrol PRO

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.

Banking Central | How clean are the books of our banks?

BUSINESS

Banking Central | How clean are the books of our banks?

The aggressive pick up in credit growth could backfire in later years if the economy doesn’t do well and banks may have to get ready for another round of bad loan cleanup exercise.

Budget 2023: Will Sitharaman offer a breather to NBFCs ?

BUSINESS

Budget 2023: Will Sitharaman offer a breather to NBFCs ?

If the idea is to retain Non-Banking Financial Companies as a critical layer in the world of formal finance, it makes sense to put them on par with banks in some areas.

Race for deposits: Small finance banks turn up the heat, offer 8%-8.75% return on FDs

BUSINESS

Race for deposits: Small finance banks turn up the heat, offer 8%-8.75% return on FDs

The reason, analysts say, is the widening wedge between credit and deposit growth, tight liquidity conditions and the prospects of a further pick-up in lending.

Lesson from the FTX explosion: Regulate crypto to avoid casualties

BUSINESS

Lesson from the FTX explosion: Regulate crypto to avoid casualties

An estimated 1.5 crore Indians who have invested approximately Rs 15,000 crore in cryptocurrencies could get hurt if the government doesn’t regulate or ban cryptocurrencies without further ado

Banking Central | Why trade unions will stay in Indian banking

BUSINESS

Banking Central | Why trade unions will stay in Indian banking

Over years, bank employee trade unions may have lost their earlier influence over employees but these organisations continue to have a big say in banking industry.

No bank strike today as IBA, unions agree on employee demands

BUSINESS

No bank strike today as IBA, unions agree on employee demands

The unions had threatened to go on strike protesting against staff layoffs, outsourcing in banks, and delay in implementing wage revision in some banks, among other issues.

Opinion | Longer tenures for CEOs a booster for state-run banks but more needs to be done

BUSINESS

Opinion | Longer tenures for CEOs a booster for state-run banks but more needs to be done

By extending their tenures, the government may have only partially addressed the problem of retaining top talent at public-sector banks.

What will happen to crypto investors if an FTX-like collapse happens in India?

BUSINESS

What will happen to crypto investors if an FTX-like collapse happens in India?

Crypto investments carry a higher risk, especially for an average investor, considering the big gaps in regulation, supervision and grievance redressal mechanism. Investors risk losing their money in such assets

FTX Collapse: RBI has the last laugh on crypto. If you ignored Das’s warnings, the joke is on you

BUSINESS

FTX Collapse: RBI has the last laugh on crypto. If you ignored Das’s warnings, the joke is on you

The central bank deserves praise for standing firm on its stance against cryptocurrencies, warning investors time to time of their inherent risks despite silence from the Centre.

October inflation down at 6.8%: It's stats at play, MPC can't lower the guard so soon

BUSINESS

October inflation down at 6.8%: It's stats at play, MPC can't lower the guard so soon

It is very unlikely that the lower October inflation number will be seen as a big positive by the MPC members when it meets in December. It is too early for the MPC to think about lowering the guard on inflation after failing to meet its mandate

Banking Central | A truce at last at Dhanlaxmi Bank

BUSINESS

Banking Central | A truce at last at Dhanlaxmi Bank

The appointment of three new directors indicate the warring factions are finally in an agreement.

MC Explains | Why Bombay High Court validated Chanda Kochhar’s termination by ICICI Bank

BUSINESS

MC Explains | Why Bombay High Court validated Chanda Kochhar’s termination by ICICI Bank

In May 2018, the bank initiated an inquiry against Kochhar following a complaint about her alleged role in granting out-of-turn loans worth Rs 3,250 crore to the Videocon Group, which benefited her husband, Deepak Kochhar

Exclusive | Dhanlaxmi Bank gets three new directors on Board including a woman director

BUSINESS

Exclusive | Dhanlaxmi Bank gets three new directors on Board including a woman director

The lender has been facing issues at the top management for a while on account of a power struggle between a section of shareholders and management.

What is causing the sudden surge in banks’ education loan books?

BUSINESS

What is causing the sudden surge in banks’ education loan books?

Despite being a problematic area for banks in the past, growth in education loans is picking up pace aggressively. Should lenders be worried?

Demonetisation, 6 years on: Cash remains the king, black money stays on, fake notes on the rise

BUSINESS

Demonetisation, 6 years on: Cash remains the king, black money stays on, fake notes on the rise

The Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came back into the banking system. Meanwhile, fresh seizures of black money continue.

Banking Central | Will aggressive retail loan drive boomerang on banks?

BUSINESS

Banking Central | Will aggressive retail loan drive boomerang on banks?

Retail loans are generally considered as a safe bet for lenders but in the event of a recession, these loans can turn risky.

Why the RBI is unlikely to hike the repo rate today

BUSINESS

Why the RBI is unlikely to hike the repo rate today

While inflation will top the agenda at today’s MPC meeting, interest rates won’t, because the focus will be on accountability. Section 45ZN of the RBI Act of 1934 requires the central bank to explain to the government its failure to adhere to the inflation target. Today’s unscheduled meeting is about framing that response.

MC Explains | RBI kicks off digital rupee pilot: 12 Questions answered

BUSINESS

MC Explains | RBI kicks off digital rupee pilot: 12 Questions answered

A CBDC is not a crypto currency. It is the digital form of legal tender and private virtual currencies are entirely different. Private virtual currencies are at substantial odds with the historical concept of money.

Banking Central | What RBI will explain to government on failure to manage inflation

BUSINESS

Banking Central | What RBI will explain to government on failure to manage inflation

The Central bank has limited tools to fight inflation and particularly so when the inflation is demand-driven triggered by external factors. That is likely to be the core of central bank’s argument.

MC Explains: Why the Kerala HC ruling on the Dhanlaxmi Bank Board battle is important

BUSINESS

MC Explains: Why the Kerala HC ruling on the Dhanlaxmi Bank Board battle is important

The verdict on the maintainability of writ petitions can set a precedent in similar cases. The HC has ruled that a private bank’s decision to appoint its Board of Directors is a private affair.

Dhanlaxmi board seat battle simmers with Kerala HC upholding bank’s appeal

BUSINESS

Dhanlaxmi board seat battle simmers with Kerala HC upholding bank’s appeal

Former directors had moved HC seeking board positions and challenging the bank's decision to deny them Board seats

Banking Central | The RBI’s silence on Dhanlaxmi Bank events is deafening

BUSINESS

Banking Central | The RBI’s silence on Dhanlaxmi Bank events is deafening

One of the oldest private banks in the country is yet again facing a crisis at top level management triggered by shareholder action. How long the RBI can remain a mute spectator in this whole drama?

What next for Kerala-based Dhanlaxmi Bank?

BUSINESS

What next for Kerala-based Dhanlaxmi Bank?

Turmoil in top management, a power struggle on the Board and major capital woes could invite central bank action. The regulator is keeping a close watch on the situation at the Thrissur-based lender.

Dhanlaxmi shareholders call for EGM on November 12, seek to suspend CEO's powers on capital expenditure

BUSINESS

Dhanlaxmi shareholders call for EGM on November 12, seek to suspend CEO's powers on capital expenditure

On June 1, Moneycontrol reported that shareholders have raised the alarm on the lender’s financial situation and rising costs even as its board tries to recover from two back-to-back resignations.