BUSINESS
Five reasons why the August MPC meeting is likely to be a non-event for the common man
A rate cut isn’t on the horizon yet. That would also mean home and auto loan EMIs are unlikely to fall anytime soon.
BUSINESS
Banking Central | Microlenders: A decade since Andhra crisis and the road ahead
Microfinance Institutions (MFIs) need to reinvent to sustain and thrive in changing times
BUSINESS
An era ends as HDFC shares stop trading on stock exchanges
HDFC’s growth story is also the story of India’s home loan market over decades. At one point, this company was the only home loan provider in India.
BUSINESS
Banking Central | Will the rise in unsecured retail loans backfire on banks?
Banks’ lending to retail unsecured loans is on the rise. But the RBI seems to assure that the situation isn’t worrying at this stage. Yet, there are reasons for the industry to exercise caution.
BUSINESS
Banking Central | India’s big banks get bigger, gear up to take on global giants
Are bigger banks good or bad? That’s subject of an old debate. To think, ‘bigger is safer’ is a misconception. We have enough evidence as seen during multiple economic crises.
BUSINESS
Deepak Parekh in last letter to HDFC shareholders: 'It is time to hang my boots'
HDFC and HDFC bank merger is likely to take effect from July 1.
BUSINESS
HDFC-HDFC Bank merger: How did the story unfold over time?
The merged entity will be a behemoth in the Indian banking industry only second to SBI with a combined loan book of Rs 22 lakh crore and deposits of Rs 19 lakh crore. The combined entity will have a market cap of around 14.5 lakh crore
BUSINESS
Banking Central | What’s in a stance?
There is a debate within the MPC over the policy stance. Jayanth Varma thinks it is pointless. Patra seems to disagree. Who is right?
BUSINESS
Lenders approve Rs 400 crore funding for Go First; DGCA's decision awaited
On May 2, Go First announced filing of voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi following a severe cash crunch
ECONOMY-2
No stance is best stance for monetary policy: Jayanth Varma
MPC member Jayanth Varma says he disagrees strongly with the idea that the rate-setting panel should communicate mainly to an 'inside' audience of regulated entities in a coded language
BUSINESS
Message for markets from MPC minutes: Reading the fine print
The minutes offer deeper insights about the thinking process among the panel members on future policy rate approach and here’s what it say.
BUSINESS
Banking Central | Why outrage against RBI over compromise settlement for wilful defaulters is misplaced
The debate is largely due to a confusion between compromise settlement and restructuring facilities offered to wilful defaulters. The RBI's 2019 circular had prohibited restructuring of wilful defaulter loans, not compromise settlement.
BUSINESS
Yawning gap: SBI chairman’s Rs 37 lakh salary reignites public vs private banks debate
The salary disparity among top executives of public sector and private sector banks have been a subject of debate for years.
BUSINESS
SBI Chairman Dinesh Khara took home Rs 37 lakh annual salary in FY23
Khara’s salary included Rs 27 lakh basic pay and Rs 9.99 lakh dearness allowance. In the previous fiscal year, Khara earned Rs 34.42 lakh in annual salary
BUSINESS
Analysis | May CPI numbers offer some relief to MPC, but don’t uncork the bubbly yet
While the May CPI inflation at 4.25 percent is indeed a relief, most economists believe that it will be too early for the MPC to think of a rate reversal. Here’s why
BUSINESS
Banking Central | Why would a customer opt for digital banking?
Banks need to ensure mobile apps, internet banking as a seamless experience for customers to make the shift
BUSINESS
Emerging economies should leverage services sector to boost productivity: RBI
The deputy governor further said given that multiple factors could be at work, a multi-pronged approach woven into a comprehensive policy intervention is needed to reignite and sustain productivity growth.
BUSINESS
Quick View | Why did the MPC retain its policy stance?
The continuation of stance--withdrawal from accommodation-- and the reiteration on the 4% medium-term target signal that MPC isn’t willing to lower the guard soon. In other words, chances of rate cut this year look minimal.
BUSINESS
RBI Policy: MPC retains repo rate at 6.5%, sounds caution on inflation
Since May 2022, the RBI has hiked the repo rate by 250 basis points to counter inflationary pressure, though high inflation, which has remained a key concern for policymakers, has begun cooling off in recent months
BUSINESS
Banking Central| MPC has all the reasons to pause, again. But what’s next?
In the last policy review in April, the rate-setting panel had opted for a pause despite expectations of a rate hike. This time, the chances are likely that the rate approach will continue.
BUSINESS
Dhanlaxmi Bank likely to propose new candidate as part-time chairman soon
Earlier the RBI had said no to a proposal by the bank to appoint G Rajagopalan Nair as its part-time chairman.
BUSINESS
Banking Central | Have fixed deposit rates already peaked?
Banks have been increasing rates on fixed deposits over the last two years. The cycle may have come to an end with the RBI signalling a pause
BUSINESS
Modi@9: The unmaking and making of Indian banks to face global challenges head on
Banking system had a tough phase during the 2020 Covid-19 pandemic but the interventions by the government and the RBI in terms of liquidity assistance and moratorium saved the industry from a bigger crisis.
BUSINESS
MC Exclusive | RBI junks Dhanlaxmi Bank proposal for Rajagopalan Nair as part-time chairman
The Kerala-based bank doesn’t have a chairman since the resignation of G Subramonia Iyer in December 2021. Nair has been on the board of Dhanlaxmi Bank since August 2020 as an independent director
