BUSINESS
NPA clock ticks again after SC lifts stay; IBC back in action from today. What impact will banks face?
Indian banks will see some upside on NPAs but the financial impact will not be significant
BUSINESS
Supreme Court ruling on loan moratorium case: 10 key questions answered
The Supreme Court ruled on the contentious issue of loan moratorium extension and interest waiver case on March 23. Find answers to 10 key questions on the case
BUSINESS
Banks finally get to tag bad loans as bad as SC lifts interim stay on asset classification
The SC had put a stop on the NPA clock on September 3 last year to help COVID-hit borrowers. But, this created difficulties for industry in terms of asset classification.
BUSINESS
Analysis | On loan moratorium case, SC offers an ‘Aatmanirbhar’ interest waiver solution
The cost of the interest-on-interest waiver will be far less than a total interest rate waiver. But this burden will ultimately fall on the taxpayer.
BUSINESS
Analysis | SEBI's new AT1 Bond rules no big relief for perpetual bond investors, banks
According to banking industry analysts, the market regulator has only given temporary relief to the AT1 market. Earlier the Finance ministry had written to the market regulator asking it to review the rules.
BUSINESS
RBI announces panel to evaluate applications for Universal Banks, Small Finance Banks
RBI stated that an SEAC comprising eminent persons with experience in banking, financial sector and other relevant areas, will evaluate the applications.
BUSINESS
Who said bankers can’t be artists? HDFC Bank employee’s ‘Pawri’ sketch on COVID goes viral
Rajiv Banerjee, Vice President and Vertical Head of Corporate Communication at HDFC Bank, uploaded his ‘weekend pursuit’ on LinkedIn and Facebook on March 7. Soon it went viral after Delhi DCP tweeted it.
BUSINESS
Banking Central | When will Supreme Court lift stay on NPA classification?
In the past, the RBI, the banking industry and the Finmin have warned about the likely impact of the SC stay on the banking system
BUSINESS
Srei company secretary quits, more senior-level exits likely over next few weeks
Recently, the lenders to Srei had capped the salaries of senior executives and taken over control of finances in a desperate bid to recover their dues.
BUSINESS
Households switch to ‘discretionary’ spending from ‘essentials only’, says RBI bulletin
Going forward, optimism on account of mass vaccination is expected to further boost consumption demand and work further towards restoration of the pre-pandemic spending and saving pattern, the RBI Bulletin said.
BUSINESS
There is a restless urgency in the air in India to resume high growth, says RBI bulletin
The RBI bulletin has cautioned about the problem of a persistently high retail inflation that threatens to erode the gains of economic recovery.
BUSINESS
Sebi circular on AT1 bonds: A double whammy for PSU banks?
Post the Yes Bank AT1 bonds write-off, these instruments were seen with high caution by investors. The Sebi circular is yet another setback for the market.
BUSINESS
Exclusive | Federal Bank open to buy out an MFI, aims 15-16% growth next fiscal year, says MD and CEO Shyam Srinivasan
Federal Bank is keen to acquire a microfinance institution as part of its inorganic growth strategy, said the CEO. But, the bank hasn’t identified any firm yet
BUSINESS
Exclusive | Srei’s lenders cap salaries of top deck, trigger senior level exits
There have been a least ten senior level exits from Srei, the troubled Kolkata-based NBFC, after the salary restrictions by banks in December.
BUSINESS
How Kolkata-based Srei Group is caught in a bitter stand-off with its raters, creditors
Raters cite a Delhi NCLAT ruling staying the Kolkata NCLT order for effecting downgrades. But Srei thinks raters’ action is unjust.
BUSINESS
Banking Central | Will the government bow to trade union pressure on PSB privatisation?
The two-day bank strike announced by the bank unions is likely to be followed up by indefinite strikes, according to union leaders. The government will have to carefully make its moves.
BUSINESS
SBI to e-auction 12 bad accounts in March: Should you participate? 10 questions answered
Bank e-auctions are a good opportunity for investors to purchase prime real estate assets. But caution is warranted on such deals
TRENDS
Actor Sreenivasan Interview: I have lost faith in all parties; politicians have been looting taxpayers in Kerala
Popular actor Sreenivasan holds forth on joining Kitex company-backed Twenty 20 in Kerala, BJP candidate Sreedharan, the Left government, upcoming Assembly elections and more.
BUSINESS
Muthoot Group: Kerala gold loan company’s glitter marred by personal tragedies
Another death has struck the Rs 56,000-crore family run business, synonymous with gold loans in Kerala. But Muthoot has long shown a penchant to fend off setbacks.
BUSINESS
LIBOR set to go and SOFR to replace it as new benchmark: Five questions answered
Indian banks have slowly started migrating to SOFR, the new reference rate that will replace LIBOR from next year onwards.
BUSINESS
Excess debit in Kotak Mahindra Bank customers’ accounts due to PSU Bank’s error
Kotak Mahindra Bank has reversed all excess debits, the bank said.
BUSINESS
Banking Central | Why don't we have more women bank CEOs?
For real empowerment, women should be offered equal opportunities, and not a special institution, to realise their potential.
BUSINESS
Exclusive interview | ‘Metro Man’ E Sreedharan: BJP has the best secular credentials today; opposition parties brand it as religious
E Sreedharan says he never discussed the chief ministership of Kerala before joining the BJP.
BUSINESS
Bank privatisation: Talks between unions, government draw a blank ahead of two-day strike
The decision to privatise two state-owned banks was announced in the Union Budget 2021. The two sides will meet again on March 9.
