BUSINESS
March CPI at 5.52%: RBI will ignore inflation spike in favour of growth, say economists
Slowing growth and high inflation normally pose a policy dilemma but the RBI has made it clear that in the current environment, supporting growth is its priority.
BUSINESS
Analysis | Bandhan Bank has retained momentum in a tough market, but watch out for asset quality
The adverse impact on credit culture in Assam following a controversial State law is likely to reflect on Bandhan’s books eventually, although collection efficiency looks good as of now
BUSINESS
Explained | Rupee plunges below 75 per US dollar. What’s behind the currency's fall?
The Rupee is facing pressure from multiple fronts including excess liquidity, low interest rates, broader market weakness, fiscal concerns and rising US bond yields. Prospects of a lockdown in Maharashtra, where COVID-19 cases are rising alarmingly, is also weighing on the market.
BUSINESS
Banking Central | Investigate, but don’t kill the spirit of bankers with never-ending probes on past loan deals
Frequent probes by agencies into old decisions have impacted the morale of bankers, contributing to delays in fresh lending decisions. That doesn't augur well for Indian economy
BUSINESS
How a ‘friendly’ former banker duped a Goan family, 80 other investors using forged documents
Ameet Savant duped HNIs into investing more than Rs 50 crore into his company. He promised them guaranteed returns of 2 percent from derivative instruments like Index Stock Option Funds. Most of his victims are retirees.
BUSINESS
Explained | How RBI’s G-SAP 1.0 is different from regular OMOs and its impact on Rupee
The plan is to enable a stable and orderly evolution of the yield curve amidst comfortable liquidity conditions.
BUSINESS
RBI’s Das cheers bond markets with liquidity bonanza, but what about savers?
The RBI governor has exercised extreme caution not to give a signal to the markets that there will be any kind of early withdrawal of liquidity measures either via rate tightening or liquidity roll back.
BUSINESS
Analysis | Banks’ quarterly business update: Good deposit growth, focus on cheaper CASA but smaller banks struggle on loans
The pandemic along with aversion to risky wholesale loans has slowed down credit growth, while deposits have increased because of volatility in equity markets and other asset classes. The second wave of COVID-19 and the extent of lockdowns will shape the outlook.
BUSINESS
Exclusive | SREI top level exodus continues: COO quits after lenders cap top deck salaries
Moneycontrol, on March 21, reported that more senior level exits are likely post Company secretary exits.
BUSINESS
Banking Central| MPC may hold its horses for now but what’s the guidance going to be on rates?
There is uncertainty on growth, inflation fronts. The policymakers do not have a clear direction on where to go on interest rates at this point.
BUSINESS
Government's small savings U-turn puts spotlight on calculation of interest rate
The dilemma before the government while announcing small savings rate is to choose between growth compulsions and the dependence of senior citizens on such financial instruments.
BUSINESS
RBI postpones auto debit rules till September 30: Impact on you, what changes for banks and other questions answered
Services routed through net banking channels will not get affected. Only those involving third-party payments will have to comply with the new rules.
BUSINESS
RBI sets average base lending rate for NBFC-MFIs at 7.81% for April-June quarter
Base rate is a minimum rate at which lending institutions can give loans. But they typically charge other components above the base rate to arrive at the final lending rate.
BUSINESS
HDFC Bank says technical glitch resolved but why is the problem recurring?
Over the last few years, many banks have reported recurring technical glitches in their digital channels.
BUSINESS
HDFC Bank says some customers unable to use their netbanking accounts, working on quick resolution
Late last year too, HDFC Bank had reported problems in its digital channels inviting RBI's attention
BUSINESS
Assam minister promises loan waiver; lenders brace for hit on credit culture
Loan waivers have impacted the credit culture of borrowers in the past leading to high NPAs.
INDIA
Thrissur Pooram is back | The story behind Kerala’s festival of jumbos, ‘Chenda melam’ and fireworks
Thrissur Pooram is an emotion and a symbol of the secular culture and hope for locals — something to wait for every year. A place where both the rich and poor would stand shoulder-to-shoulder and enjoy the energy of festivities. This year, however, the extravaganza will be absent.
BUSINESS
Banking Central | Dear RBI, don’t delay PMC Bank resolution any further
Cooperative Bank customers deserve the same regulatory treatment as those of a commercial bank
BUSINESS
PMC Bank depositors may have to wait for more time for resolution, talks with suitors on, says RBI
The RBI had superseded PMC Bank board in September, 2019 and appointed an administrator to take care of daily operations of the lender.
BUSINESS
KC Chakrabarty: A fearless central banker who loved blunt talk and never hesitated to question the central bank
KC Chakrabarty’s outspokenness often landed him in trouble in the RBI but the veteran banker fearlessly held up a mirror to the unpleasant truths in India’s financial sector
BUSINESS
KC Chakrabarty, veteran banker and outspoken critic of flaws in Indian financial system, passes away aged 68
Former Reserve Bank of India (RBI) deputy governor KC Chakrabarty was known for his in-depth knowledge of economy and the banking industry issues, particularly on issues related to financial inclusion.
BUSINESS
Exclusive | Yes Bank AT1 bondholders move Bombay HC seeking Rs 160 crore interim relief from bank
Yes Bank decided to write off Rs 8,415 crore worth AT1 Bonds as part of the SBI-led bailout.
BUSINESS
RBI governor signals more focus on digital lenders, fintech companies
The RBI governor sees four landscapes emerging in the banking sector in the current decade, including the growth of digital players who will increasingly emerge as critical pieces across all segments.
BUSINESS
RBI flags concerns on cryptocurrencies to government, work in progress for CBDC, says governor Shaktikanta Das
On earlier occasions too, the RBI hinted about its willingness to explore CBDC but has expressed its reservations on cryptocurrencies.
