BUSINESS
Banking Central | Microlenders, it's time to take a pause and think again, lest it hits you back
The RBI removed the cap on margins in November 2022, opening the field for microlenders to decide lending rates of their choice
BUSINESS
MC Interview | As inflation falls, repo should be cut to prevent real rate from rising too high, says Jayanth Varma
Sacrificing 0.75 percent or 1 percent economic growth will last not for one year, but for two. This makes the growth-inflation tradeoff a lot worse than we expected, says the MPC member
BUSINESS
MPC minutes: Maintenance of restrictive policy for long will lead to growth sacrifice in FY26, says Jayanth Varma
Varma voted to reduce the repo rate by 25 basis points, and to change the stance to neutral in the policy while the majority decided to keep the repo rate unchanged for the eights consecutive policy review.
BUSINESS
Banking Central | Who can tackle the worsening working culture in banks?
I would bet on trade unions, more than bank managements and the regulator. Let me explain why...
BUSINESS
RBI special audit over, necessary measures taken to address regulatory concerns: IIFL Finance
The report of the special audit has been submitted to the RBI and the regulator will now take a call on reviewing the business restrictions imposed.
BUSINESS
MC View | What does US Fed’s rather hawkish rate stance mean for Indian policymakers?
The Fed plans of a rate cut this year could influence the thought process for the Monetary Policy Committee, but its actions will be driven more by crucial local factors
BUSINESS
MC Analysis | Will bank privatisation return to the agenda of Modi 3.0?
Beyond introducing enabling legislation, the government needs to exhibit strong political will and resolve to walk the talk on bank privatisation. The first Union Budget of this government next month should offer some clues
BUSINESS
Banking Central | Why the RBI monetary policies have turned so boring
But that’s how the monetary policy reviews work. No action is also a good action sometimes!
BUSINESS
Quickview| RBI’s Das is focussed on fighting inflation and that's good news for us
The Mint Street deserves applause for retaining its sharp focus on inflation. High inflation, along with rising unemployment, remain a big worry which takes away the purchasing power of common people and denies them the fruits of growth
BUSINESS
MPC keeps rates unchanged as inflation stays beyond RBI target of 4%
Banks are struggling with a slower deposit growth far less than the credit growth, creating an asset-liability mismatch
BUSINESS
Four critical questions before the RBI in its inflation fight
The central bank wouldn’t want to hurry on a rate reversal till it sees clear signs of inflation easing to 4 per cent levels. That may be still some time away.
BUSINESS
Banking Central | What do the exit polls mean for India's banking sector?
The News18 Mega Exit Poll pegs BJP’s tally at 305-315 and that of the NDA at 350-377. While the BJP's vote share is expected to be around 40 percent, Congress' is likely to be 20 percent with 62-72 seats
BUSINESS
RBI annual report explains how Mint Street managed record Rs 2-lakh-cr surplus transfer to govt
A significant jump in interest income coupled with lower-than-expected provisions did the trick this year. Next hear could also see a substantial transfer if conditions favour
BUSINESS
Exclusive: Avendus Group plans to launch new credit fund in FY25, thrice the size of previous fund
The fund will focus on pharma and healthcare, special chemicals, manufacturing, business to business, FMCG, warehousing, logistics, financial services, and auto comp sectors, said Nilesh Dhedhi, Managing Director and CEO, Avendus Finance.
BUSINESS
View |Now, Edelweiss faces RBI’s wrath: What explains the recent spate of tough actions by central bank
The RBI's recent crackdown is a warning to the non-banking industry to follow norms in letter and spirit or be prepared to face the wrath of a watchful regulator
BUSINESS
HDFC Bank, others take over 96% haircut in Adani Goodhomes-Radius Estates deal
With the NCLAT upholding the NCLT ruling, this has become the latest case where creditors have been forced to take substantial haircut in bankruptcy cases
BUSINESS
Banking Central | Why is toxic work culture on the rise in our banks?
Typically, in banks, victims do not file formal complaints fearing retribution during promotions and performance assessments. This is another reason why such cases continue to occur. Whatever the reasons, this toxic culture needs to stop.
BUSINESS
MC Exclusive| Paytm partnership going extremely good; 1.2 bn transactions every month, says Yes Bank CEO Prashant Kumar
The entire flow of Paytm transactions is happening through us without any problem, Kumar said .On March 15, Moneycontrol reported that Yes Bank and Axis Bank are going live on Paytm app.
BUSINESS
Interview | Yes Bank spending Rs 1,000 crore annually to bolster technology, says CEO Prashant Kumar
In a detailed interview, Yes Bank CEO outlined the path ahead for the bank including building a microfinance business and the corrective actions taken so far.
BUSINESS
MC Exclusive | Yes Bank CEO Prashant Kumar says he's not concerned about shareholding change at the bank
Regulations state that a bank cannot remain invested in another bank, Kumar pointed out, adding that it was important to find a strategic investor to replace State Bank of India when YES Bank had returned to normalcy.
BUSINESS
MC Exclusive: 25% of YES Bank’s investment in RIDF to mature in FY25: Prashant Kumar, CEO
The bank has around 11 percent of its funds placed in the RIDF, which works out to be around Rs 44,000 crore, Kumar added.
BUSINESS
Bandhan Bank may evaluate external candidates in hunt for MD Ghosh's successor
Bandhan Bank said on April 5 that the lender’s MD and CEO Chandra Shekhar Ghosh will retire after completing his current tenure on July 9
BUSINESS
Banking Central | Why did legendary banker N Vaghul oppose corporate entry in banking?
The veteran banker had strong views on corporate entry into banking business. Vaghul explained that India had learnt from its pre-bank nationalisation experience and will never repeat the same mistakes by allowing large corporations into banking.
BUSINESS
Legendary banker and former ICICI Bank Chairman N Vaghul passes away
During his decades-long career, Vaghul was instrumental in building ICICI Bank from an early-stage financial institution into a full-fledged bank. He mentored many senior executives at the bank, including the likes of KV Kamath.
