BUSINESS
MC View | SC order bolsters India’s case for Vijay Mallya extradition
Though there isn’t anything Indian authorities could do to Mallya immediately, the ruling indeed makes India’s case stronger.
BUSINESS
Banking Central | India fighting a losing battle on the rupee front
After the Government raised import duty on gold and oil last week, the RBI has followed up with measures to attract more foreign funds. The idea is to stem the rupee’s fall. But, probably, India is fighting a losing battle, as risks to currency are mainly emerging from global events.
BUSINESS
After 6-year legal battle, Dhanlaxmi Bank officer’s sacking ruled unsustainable
The court ordered the bank to pay Rs 30 lakh in compensation to the banker, PV Mohanan, with 6 percent interest from the date of termination, aside from his legal expenses
BUSINESS
Banking Central | India's PSB privatisation bid needs political resolve
For long, both the UPA and the NDA governments have promised privatisation but what lacked was political will
BUSINESS
Banking Central| Where will the repo rate settle ultimately?
The MPC is caught in a twin battle. Its rate hike plans will be influenced by global factors going ahead where it has limited control.
BUSINESS
Banking Central | The case for a higher DICGC cover
The rising instances of cooperative bank failures highlight the need for a higher safety net for depositors.
BUSINESS
RBI cancels Millath Co-operative Bank's licence
As per the data submitted by the bank, all the depositors will receive full amount of their deposits from DICGC, the RBI said.
BUSINESS
Explained | RBI lifts business restriction on Mastercard: 10 key questions answered
On July 14, the Reserve Bank of India had imposed restrictions on payment system operator Mastercard, barring it from onboarding new domestic customers.
BUSINESS
Explained | Why did shareholders call an EGM at Dhanlaxmi Bank? 10 key questions answered
Dhanlaxmi Bank has been in news in recent years for top level exits and financial woes. Here’s an explainer on the key issues in the bank.
BUSINESS
Banking Central | Understanding the Dhanlaxmi Bank EGM drama
The bank’s financials need to be improved and, more importantly, the board needs to be strengthened by inducting more independent shareholders who are truly independent.
BUSINESS
Exclusive | HDFC Bank asks parent to cut exposure to certain loans before merger
The bank doesn’t want to take over from HDFC those loans that are not allowed for banks under RBI regulations
BUSINESS
Analysis| Has the MPC already lost the battle on high inflation?
The MPC has moved to the path of policy tightening as inflation begins to pinch on the ground. But clearly, it acted too late and has limited tools now.
BUSINESS
RBI Policy | RBI raises repo rate by 50bps to 4.9% to fight inflation pressure
The central bank forecasts 6.7 percent inflation, while the real GDP growth rate is pegged at 7.2 percent
BUSINESS
Exclusive Interview | Expect back-to-back rate hikes of 25 bps taking the policy rate to 6.25% by March 2023, says Morgan Stanley’s Sumeet Kariwala
Morgan Stanley comments come at a time when the three-day monetary policy committee meeting is on.
BUSINESS
Banking Central | RBI MPC meet begins today. Get ready for even higher interest rates
RBI Monetary Policy Meet: A rate hike is given this time, only the quantum of increase needs to be seen. But what will be the impact on markets, how much can banks pass on?
BUSINESS
Dhanlaxmi Bank shareholders raise alarm on financials; number of Board members falls to 5
Sebi rules require listed entities to have a minimum of six directors. Of the five directors left on the board of Dhanlaxmi Bank, only one is an independent director; two are RBI-appointed nominee directors.
BUSINESS
Explained: ED arrests Delhi minister Satyendar Jain in hawala case: 5 key points on PMLA Act
The ED action comes over a month after assets linked to Jain, worth around Rs 4.81 crore, were attached by the agency.
BUSINESS
Banking Central | Counterfeit notes are back in full swing and that’s worrying
Curbing the circulation of fake notes or counterfeit notes, as we call them, was a stated aim of 2016 demonetisation. But, as the evidence suggests, the problem is far from over and demonetisation has failed to curb fake money
BUSINESS
Banking Central | Government, RBI's inflation battle is a double-edged sword
After the RBI, the government has taken a series of measures to cool inflation There will be more such steps ahead but at what cost?
BUSINESS
Exclusive | Mine has been a lone voice in MPC, but I have never felt lonely: Jayanth Varma
In his comments in the MPC minutes, Varma had said the logic of a 40 bps rate cut was not clear to him. He says he believes a decisive rate action can subdue the unpleasant inflationary episode we are witnessing currently, and bring inflation down to target.
BUSINESS
Banking Central | Is there a shadow ban on crypto payments in India?
The allegations by the Coinbase CEO and reports contradicting his claim made news last week. What really happened?
BUSINESS
RBI hasn't imposed any shadow ban on Coinbase, CEO's claim incorrect, say sources
Recently, US-based crypto exchange Coinbase's chief executive officer Brian Armstrong had alleged that it suspended its UPI payment method due to 'informal pressure from RBI.'
BUSINESS
Analysis | Why SC ruling on NBFC regulation is a big relief for industry
The issue of dual regulation of NBFCs by the RBI and state governments had created huge uncertainty for the industry. The Andhra Pradesh microfinance crisis is an example.
BUSINESS
Corporate Rejig: In six months, Ujjivan SFB gets six top execs on board; collections, asset quality improve
Former CEO Nitin Chugh had quit last August and multiple executives resigned thereafter at various levels. But, the bank has revamped the team since then and focused on collections.
