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.
BUSINESS
Axis MF frontrunning case: Axis Bank awaits probe report; will not take action against mutual fund officials for now
The bank is standing by Axis Mutual Fund CEO and MD Chandresh Nigam after suspending two other fund house officials in connection with frontrunning allegations, say sources. But Nigam’s continuance might run afoul of the regulator.
BUSINESS
Exclusive | HDFC Bank top brass batted for merger with HDFC as early as November
Bank cited the potential benefits of the merger to the parent, primarily access to a booming mortgage lending market. It was assessed that the conditions for the merger are more conducive now compared to before.
BUSINESS
Exclusive| HDFC Bank may get RBI glide path to pare holding in HDFC Credila, HDB Financial after merger
Though HDFC Bank has expressed interest to retain all subsidiaries in the current form, the RBI may raise questions with respect to two subsidiaries that are into lending business which can be done within bank
BUSINESS
Banking Central | What does the RBI rate hike mean for the common man
Rising interest rates are both bad news and good news for customers. For borrowers, EMIs will become costlier as banks adjust rates while for depositors returns on their fixed deposits will be more.
BUSINESS
What does RBI know that we don’t know yet?
Inflation has stayed above the MPC’s comfort zone for several months now. There is a view that MPC has acted too late in its inflation fight and any further delay could lead to breach of its mandate.
BUSINESS
RBI hikes repo rate by 40bps to 4.40%, CRR by 50bps, cites inflation worries
This is the first such unscheduled statement from the RBI governor since the start of the pandemic in 2020
BUSINESS
Interview | Will make a serious attempt to look at inorganic growth options now, says Ageas Federal Life Insurance CEO Vighnesh Shahane
Although the company has been open for inorganic options for a few years, it will make a serious attempt now, said Shahane.
BUSINESS
Banking Central | What’s the message from HDFC twins' merger to NBFCs?
NBFCs need to rethink their industry positioning going ahead. The primary reason why many NBFCs chose to be so—the benefit of lighter regulations vis-à-vis banks—no longer exists.
BUSINESS
Exclusive | Spandana Sphoorty founder Padmaja Reddy buys Rajshree Tracom, signals return to small loan business
The new NBFC, which will be renamed Keertana Finserve, will focus on gold loans, MSME loans and loans against property. Reddy is slated to be the MD & CEO of the new company
BUSINESS
Banking Central | Where have all the woman CEOs in Indian financial services gone?
Over years, more women have risen to the top in financial services. Yet, there are very few of them compared with their male counterparts.
BUSINESS
Analysis | What does high WPI inflation mean for interest rates?
The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance
BUSINESS
Banking Central: RBI's oldest and mightiest enemy is back
Persistently high inflation is worrying in an economy as it hurts low-income groups the most.
BUSINESS
Retail inflation shoots up to 6.95% in March. Will MPC go for a rate hike in June?
The sharp rise in retail inflation puts the MPC in a tight spot. A change in stance is likely soon, followed by a rate hike.
BUSINESS
Banking Central | Big, corporate-led NBFCs need to make a choice
The RBI approach to big NBFCs have been very clear—either operate with tougher, bank-like rules or convert to become banks after rejigging the ownership structure. It is up for the non-banks to decide which way to take
BUSINESS
RBI monetary policy analysis| Das finally picks inflation over growth, how soon will MPC hike rates?
RBI monetary policy | Till now, the MPC has largely focused on growth recovery alone but the attention has now clearly shifted to inflation
ECONOMY
RBI Policy | MPC keeps repo rate unchanged at 4%, retains accommodative stance
The Monetary Policy Committee has so far remained on a growth-supportive stance to guard the economy from the ill-effects of the COVID-19 pandemic.
BUSINESS
RBI policy tomorrow. Will the MPC shift gears?
Growth is likely to remain the guiding mantra for the rate-setting panel this time as well but the policy stance could change and that’ll be the beginning of a new cycle
BUSINESS
Deepak Parekh exclusive interview | HDFC and HDFC Bank need to have a common culture
Deepak Parekh said over the years, tight RBI regulations have removed the arbitrage between a bank and NBFC. This was a vital reason why HDFC chose to merge with the bank.
BUSINESS
Banking Central | Why did HDFC decide to merge with HDFC Bank now?
The RBI has been tightening regulations on the NBFC sector over years, grouping these entities into different categories based on size and interconnectedness and making capital norms stricter.
BUSINESS
Banking Central | What should Supertech homebuyers do?
Both banks and homebuyers have a long battle ahead at the bankruptcy court
BUSINESS
Banking Central | Will latest RBI framework dilute the spirit of MFI model?
Microfinance has always been an avenue for economically weaker sections, especially women borrowers. The new framework poses some important questions.
BUSINESS
Some MFIs, banks need more time to comply with RBI framework
The RBI, on March 14, issued the Framework for Microfinance Loans, which ensures that entities including banks and seven NBFC-MFIs have been brought under similar regulation.
BUSINESS
RBI Bulletin: Ukraine conflict has heightened uncertainty in global economy
The Indian monetary policy committee (MPC) has been on a prolonged accommodative stance to support growth recovery in the economy.
