BUSINESS
Banking Central | Indian banks finally wake up to problem of mis-selling
The practice of forcing customers buy products they don’t need or understand is nothing short of a financial crime
BUSINESS
D Subbarao Exclusive Interview: India’s debt-to-GDP ratio is high; it is a concern and should be brought down, says former RBI Governor
A high debt-to-GDP ratio is a matter of concern because it is one of the main indicators of macroeconomic stability, and that's something that foreign investors and domestic investors track, he said.
BANKS
Banking Central | Loathed more often than loved, here's a parting note from Rs 2,000 notes
Truth be told, we weren’t supposed to stay around for a long while. We were a stop-gap arrangement to speed up the remonetization of the economy after the 2016 demonetization exercise
BUSINESS
Banking Central | Will bank privatisation top the Modi government’s 2024 reform agenda? Let’s wait for the Budget blueprint
Bank privatisation has been a long-pending goal for the central government. But there has been no action yet.
BUSINESS
MC Exclusive Interview | When people disagree with me, that does not mean that they do not take me seriously: MPC member Jayanth Varma
It is not enough that MPC insiders can fathom the coded language in which it chooses to speak. It is imperative that the MPC choose language that intelligent laypersons can interpret. In my view, the MPC has failed this test repeatedly, Varma said.
BUSINESS
Banking Central | What’s the best New Year gift banks can give us in 2024?
Banks must stop pressuring junior executives to engage in relentless cold calling to sell loans that customers do not need or peddle complex investment products that clients do not fully understand
BANKS
Banking Central | How RBI may have averted a potential consumer debt crisis
In the post-Covid period, personal loans as a percentage of total bank loans have risen significantly. These loans are the first to take hit in the event of an economic crisis. The RBI action has come as a timely step
ECONOMY-2
Shaktikanta Das completes 5 years as RBI chief: A bumpy ride and the road ahead
Das’ five years weren’t an easy ride. A global pandemic struck the world, a banking crisis happened in world’s largest economy and fresh governance issued cropped up in some of India’s smaller banks
BANKS
Banking Central | What blips on RBI radar as it frames fresh set of lending norms?
There have been a number of cases in recent past where the erring banks and non-banks have faced the regulator’s wrath for rule violations. Clearly, the RBI is not comfortable with this pattern and wants to act early
BUSINESS
Quick view | Why did the MPC opt for a status quo today
RBI MPC Meeting: For those waiting for a rate cut, there may not be immediate good news. It is likely that the MPC is likely to continue a pause mode till the first quarter of the next financial year to take a relook at the rate approach.
BUSINESS
RBI meeting: MPC holds rate unchanged at 6.5%
RBI MPC policy: This is the fifth time that the rate-setting panel has left the repo rate unchanged as it awaits transmission of earlier rate hikes by banks
BANKS
Banking Central | Don’t expect fireworks at the MPC meet outcome today
The higher-than-expected growth number and a moderation in core inflation offer comfort to the MPC. Yet, the panel is likely to stay cautious on the inflation-front. Here’s why
BUSINESS
Banking Central | Why cooperative bank regulations must get a structural makeover
For a common customer, a cooperative bank is no different from regular bank as both type of entities are dealing with public money. Hence, regulations cannot be different for both sides
BANKS
Banking Central | RBI cracks whip on unsecured loans again. Will digital lenders get the message?
With the latest move, the RBI has given a clear cue to all digital lenders to get their act together
BUSINESS
Why RBI cracking whip on consumer loans is no surprise
A Moneycontrol Banking Central column on October 9 highlighted the central bank’s concerns regarding sharp growth in unsecured loans. On November 16, the RBI cracked the whip
BUSINESS
Banking Central | Bank books look cleaner now, thanks to massive loan write-offs
While there is significant improvement on the reported NPA numbers, much of this is due to large-scale write-offs
BANKS
Banking Central | Who's telling the truth in the BoB World mess?
Contradictory statements on BoB’s former digital head’s exit indicate not all was well within the bank
BUSINESS
Banking Central | Coop banks finally get the right cure for wounds of corruption
These banks have faced major governance lapses over years ranging from loose audit practices, vested interests and unprofessional boards. There are signs of change from this status-quo
BUSINESS
Banking Central | As Uday Kotak’s successor, Ashok Vaswani has big shoes to fill
Vaswani coming on board will enable the Mumbai-based bank to progress on its digital journey and set eyes on global markets. But there are immediate challenges as well..
BUSINESS
Banking Central | It's trust that's under threat. Banks should read fine prints in RBI missive to BoB
More important question is why are bank employees resorting to unprofessional practices to boost customer volumes? The answer is internal pressure from top executives to acquire business.
BUSINESS
Banking Central | What does RBI know about unsecured loans that we don't?
The central bank’s warning has come in the backdrop of a sharp rise in personal loans in the recent past.
BUSINESS
Except the Chanakya entry, Das’ inflation-fighting script remains the same
The RBI will likely wait for more signs of sustainable easing of retail inflation print before reversing the rate stance and thinking about a rate cut. That’s still some time away.
BUSINESS
Banking Central | From debt trap to death trap, thanks to small loan apps
Quick money at your fingertips is recipe for disaster. Stay away from illegal loan apps.
BUSINESS
Banking Central | Wilful defaulters are nothing but financial criminals
These borrowers have gamed the system and for long, escaped the rule of law, using fraudulent tactics. The RBI proposed rules promise to plug the loopholes in the system
