BANKS
Banking Central | What blips on RBI radar as it frames fresh set of lending norms?
There have been a number of cases in recent past where the erring banks and non-banks have faced the regulator’s wrath for rule violations. Clearly, the RBI is not comfortable with this pattern and wants to act early
BUSINESS
Quick view | Why did the MPC opt for a status quo today
RBI MPC Meeting: For those waiting for a rate cut, there may not be immediate good news. It is likely that the MPC is likely to continue a pause mode till the first quarter of the next financial year to take a relook at the rate approach.
BUSINESS
RBI meeting: MPC holds rate unchanged at 6.5%
RBI MPC policy: This is the fifth time that the rate-setting panel has left the repo rate unchanged as it awaits transmission of earlier rate hikes by banks
BANKS
Banking Central | Don’t expect fireworks at the MPC meet outcome today
The higher-than-expected growth number and a moderation in core inflation offer comfort to the MPC. Yet, the panel is likely to stay cautious on the inflation-front. Here’s why
BUSINESS
Banking Central | Why cooperative bank regulations must get a structural makeover
For a common customer, a cooperative bank is no different from regular bank as both type of entities are dealing with public money. Hence, regulations cannot be different for both sides
BANKS
Banking Central | RBI cracks whip on unsecured loans again. Will digital lenders get the message?
With the latest move, the RBI has given a clear cue to all digital lenders to get their act together
BUSINESS
Why RBI cracking whip on consumer loans is no surprise
A Moneycontrol Banking Central column on October 9 highlighted the central bank’s concerns regarding sharp growth in unsecured loans. On November 16, the RBI cracked the whip
BUSINESS
Banking Central | Bank books look cleaner now, thanks to massive loan write-offs
While there is significant improvement on the reported NPA numbers, much of this is due to large-scale write-offs
BANKS
Banking Central | Who's telling the truth in the BoB World mess?
Contradictory statements on BoB’s former digital head’s exit indicate not all was well within the bank
BUSINESS
Banking Central | Coop banks finally get the right cure for wounds of corruption
These banks have faced major governance lapses over years ranging from loose audit practices, vested interests and unprofessional boards. There are signs of change from this status-quo
BUSINESS
Banking Central | As Uday Kotak’s successor, Ashok Vaswani has big shoes to fill
Vaswani coming on board will enable the Mumbai-based bank to progress on its digital journey and set eyes on global markets. But there are immediate challenges as well..
BUSINESS
Banking Central | It's trust that's under threat. Banks should read fine prints in RBI missive to BoB
More important question is why are bank employees resorting to unprofessional practices to boost customer volumes? The answer is internal pressure from top executives to acquire business.
BUSINESS
Banking Central | What does RBI know about unsecured loans that we don't?
The central bank’s warning has come in the backdrop of a sharp rise in personal loans in the recent past.
BUSINESS
Except the Chanakya entry, Das’ inflation-fighting script remains the same
The RBI will likely wait for more signs of sustainable easing of retail inflation print before reversing the rate stance and thinking about a rate cut. That’s still some time away.
BUSINESS
Banking Central | From debt trap to death trap, thanks to small loan apps
Quick money at your fingertips is recipe for disaster. Stay away from illegal loan apps.
BUSINESS
Banking Central | Wilful defaulters are nothing but financial criminals
These borrowers have gamed the system and for long, escaped the rule of law, using fraudulent tactics. The RBI proposed rules promise to plug the loopholes in the system
BANKS
Banking Central | Why have big bank CEOs gone silent?
The communication strategy of top bank CEOs has changed in recent years. They have become more guarded and remain somewhat cut off from the media, leaving their communication specialists or subordinates to do the talking. And those specialists believe no news is good news.
BUSINESS
Will RBI’s rap on knuckles force banks to be fair to their customers?
There have been countless disputes against banks on delayed release of collateral documents even after paying up full loan. That will change now.
BUSINESS
Inflation is falling but don't uncork the bubbly yet
The MPC is determined to bring inflation back to the 4 percent target and is unlikely to flinch with short-term variations in the print
BUSINESS
Banking Central | Why Uday Kotak's era is far from over at Kotak Mahindra Bank
Kotak, along with his relatives and enterprises in which he has beneficial interest, held 25.95 percent of the equity share capital of the bank and 17.26 percent of the paid-up share capital of Kotak Mahindra Bank as on March 31, 2023.
BUSINESS
Meet Dipak Gupta who will succeed Uday Kotak as interim chief at Kotak Mahindra Bank
Gupta will need to also assure investors and depositors of smooth handling of the bank till the leadership transition is complete.
BUSINESS
Banking Central | Do we really care about cooperative bank depositors?
There are many cases of bank failures where depositors are still waiting for their money. Kerala-based Karuvannur co-operative bank is a big example.
BUSINESS
Interview | I think there are substantial risks to both the growth and inflation outlook: MPC member Jayanth Varma
In its latest meeting, the MPC has kept the repo rate unchanged at 6.5 percent and said future actions will depend on incoming data.
BUSINESS
Banking Central | When will banks start listening to the regulator and treat customers fairly?
Fairness in customer transactions is a virtue banks have ignored for long. Consumers cannot taken for granted
