BUSINESS
How Chanda Kochhar’s family built a green power firm with blessings from Dhoots
Both the Dhoot and Kochhar families were closely involved in NuPower Renewables from its early beginnings, contrary to claims, evidence shows
BUSINESS
Exclusive Interview | Chanda Kochhar’s arrest only tip of iceberg, more beneficiaries involved, says whistle-blower Arvind Gupta
In a free-wheeling interview with Moneycontrol, Gupta said the role of ICICI Bank management, named in the CBI First Information Report (FIR), needs to be probed thoroughly.
BUSINESS
Chanda Kochhar, Venugopal Dhoot not cooperating with probe, CBI tells court
Both Chanda and Deepak Kochhar were arrested on 24 December in connection with the Rs 3250 crore Videocon loan scam
BUSINESS
How Venugopal Dhoot’s quid-pro-quo money led to Kochhars’ downfall
Dhoot’s investments Deepak Kochhar’s companies, shortly after securing a loan from Chanda Kochhar-headed ICICI Bank, became the corner stone of India’s biggest banking scandal
BUSINESS
Banking Central: Why you will love good old bank FDs in new year (once again)
FD rates have been rising after the Reserve Bank of India (RBI) repo rate hikes. If you are someone looking to lock your funds in a safer instrument, FDs can be a good option at this environment.
BUSINESS
Chanda Kochhar, Rana Kapoor, Kapil Wadhawan: Meet the fallen stars of Indian banking
They ruled the banking industry but then greed struck. Money laundering, kickbacks and cheating are among a long list of accusations that people like Chanda Kochhar, Rana Kapoor face. How do dream careers end up in a nightmare, read on
BUSINESS
New RBI data shows wilful defaulters are laughing all the way away from banks
Banks are almost sitting ducks with wilful defaulters. Most of the money lent to these defaulters, besides the huge corporate loan write-offs, is as good as gone. Ultimately, this is public money
BUSINESS
Banking Central | The big challenges for RBI’s Shaktikanta Das in 2023
The biggest and most damning enemy of the central bank remains inflation in 2023. Crypto regulations are next.
BUSINESS
Interview | CreditAccess to enter India life insurance business, hopes to get approvals in the next 6 months
Interview| CreditAccess to enter India life insurance business, targets launch in 6 months
BUSINESS
Is Raghuram Rajan gunning to be the next Manmohan Singh of Congress party?
If one looks closely, the career graphs of both Rajan and Manmohan have striking similarities. Both served in the Indian government and the central bank and have international repute.
BUSINESS
Is November CPI inflation at 5.88% a game changer on RBI rate hikes?
Core inflation, which is the non-food, non-oil part of the headline inflation, remains sticky and elevated at over 6%. In fact, core inflation has averaged around 6.2-6.3% in fiscal year 2023. That is a worry for the RBI.
BUSINESS
Budget 2023: What is in store for banking sector? Will govt bite the bullet on crypto regulations?
The government should act urgently on crypto regulations and give clarity on the bank privatisation plan.
BUSINESS
Banking Central | RBI played ‘Dhritarashtra’, not Arjuna, on inflation for too long
While the central bank believes that ‘worst of inflation is behind’, in the same breath it cautions that the fight against inflation is far from over. The predicament is obvious.
BUSINESS
Das Unplugged: Why press meets by the incumbent RBI governor are like no other
The press conferences by RBI governor Shaktikanta Das are in stark contrast with those of his predecessors. Those were dull affairs. Das loves to take questions.
BUSINESS
Another rate hike coming in February?
Inflation remains the core focus and the primary target of the rate setting panel. Policy stance remains withdrawal of accommodation. This means rate hikes aren’t over yet.
BUSINESS
RBI Policy| MPC hikes repo rate by 35 bps; refuses to lower guard on inflation
With this rate hike, the MPC has hiked the repo rate by over two percentage points in the last half year
BUSINESS
What will be the RBI Monetary Policy Committee decision today?
With another 25-35 bps rate hike, the MPC may signal the shift to neutral stance, marking the end of the current rate hike cycle.
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.
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.
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.
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
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.
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.
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.
