BANKS
Banking Central | Why have big bank CEOs gone silent?
The communication strategy of top bank CEOs has changed in recent years. They have become more guarded and remain somewhat cut off from the media, leaving their communication specialists or subordinates to do the talking. And those specialists believe no news is good news.
BUSINESS
Will RBI’s rap on knuckles force banks to be fair to their customers?
There have been countless disputes against banks on delayed release of collateral documents even after paying up full loan. That will change now.
BUSINESS
Inflation is falling but don't uncork the bubbly yet
The MPC is determined to bring inflation back to the 4 percent target and is unlikely to flinch with short-term variations in the print
BUSINESS
Banking Central | Why Uday Kotak's era is far from over at Kotak Mahindra Bank
Kotak, along with his relatives and enterprises in which he has beneficial interest, held 25.95 percent of the equity share capital of the bank and 17.26 percent of the paid-up share capital of Kotak Mahindra Bank as on March 31, 2023.
BUSINESS
Meet Dipak Gupta who will succeed Uday Kotak as interim chief at Kotak Mahindra Bank
Gupta will need to also assure investors and depositors of smooth handling of the bank till the leadership transition is complete.
BUSINESS
Banking Central | Do we really care about cooperative bank depositors?
There are many cases of bank failures where depositors are still waiting for their money. Kerala-based Karuvannur co-operative bank is a big example.
BUSINESS
Interview | I think there are substantial risks to both the growth and inflation outlook: MPC member Jayanth Varma
In its latest meeting, the MPC has kept the repo rate unchanged at 6.5 percent and said future actions will depend on incoming data.
BUSINESS
Banking Central | When will banks start listening to the regulator and treat customers fairly?
Fairness in customer transactions is a virtue banks have ignored for long. Consumers cannot taken for granted
BUSINESS
View| Will inflation shocker push MPC for a rate hike in October?
The MPC is likely to remain on a cautious note but may not hike rates yet. It would want to look at how the vegetable prices behave in the months ahead.
BUSINESS
Banking Central | Rs 2,000 notes; did these bills do more harm to us than good?
The Rs 2,000 notes have been used rampantly by the fake currency mafia ever since the bills introduced. Besides, going by the data from the IT department, these notes have constituted a major chunk of the black money seized in recent years.
BUSINESS
In fight against inflation, MPC caught between a rock and a hard place
The factors fuelling food inflation are largely supply driven, where the RBI rate action may not help much. The central bank has already acted on the rate front and through liquidity measures. Over to government now?
BUSINESS
RBI Policy: As inflation fears continue, MPC keeps repo rate unchanged yet again
The RBI announcement came in the wake of recent spike in inflation triggered by high prices of food items
BUSINESS
Banking Central | A letter from humble Tomato to the RBI Governor
The RBI-led monetary policy committee is preparing for another round of rate-setting meeting this week. That comes in the backdrop of sharp jump in vegetable prices
BUSINESS
Banking Central | Mind the gap in pay among chiefs of public and private lenders
Compensation disparity among PSBs and private banks has been a long-standing issue
BUSINESS
Banking Central | Unsecured loans are rising fast and that's not good for banks
Recent earnings reports of banks suggest stress in the unsecured book. This comes in the backdrop of an aggressive growth in the recent months.
BUSINESS
HDFC Bank CEO Jagdishan emphasises work culture, warns transgressors
HDFC Bank recently suspended one of its officers in Kolkata for allegedly engaging in unruly behaviour with colleagues during an internal meeting. In a video circulating on Twitter, the officer was heard shouting at his junior colleagues for not selling enough banking and insurance products.
BUSINESS
HDFC Bank CEO Sashidhar Jagdishan takes home Rs 10.5 crore in FY23, ED Kaizad Bharucha gets Rs 10 crore
In FY22, Jagdishan had earned an annual salary of Rs 6.51 crore.
BUSINESS
HDFC-HDFC Bank merger to offer synergy for future growth, says Chairman Atanu Chakraborty
The merger gave entry to HDFC Bank to India's booming housing loan market while for HDFC the decision made sense on account of vanishing reglulatory arbitrage earlier available for non-banking finance companies.
BUSINESS
Five reasons why the August MPC meeting is likely to be a non-event for the common man
A rate cut isn’t on the horizon yet. That would also mean home and auto loan EMIs are unlikely to fall anytime soon.
BUSINESS
Banking Central | Microlenders: A decade since Andhra crisis and the road ahead
Microfinance Institutions (MFIs) need to reinvent to sustain and thrive in changing times
BUSINESS
An era ends as HDFC shares stop trading on stock exchanges
HDFC’s growth story is also the story of India’s home loan market over decades. At one point, this company was the only home loan provider in India.
BUSINESS
Banking Central | Will the rise in unsecured retail loans backfire on banks?
Banks’ lending to retail unsecured loans is on the rise. But the RBI seems to assure that the situation isn’t worrying at this stage. Yet, there are reasons for the industry to exercise caution.
BUSINESS
Banking Central | India’s big banks get bigger, gear up to take on global giants
Are bigger banks good or bad? That’s subject of an old debate. To think, ‘bigger is safer’ is a misconception. We have enough evidence as seen during multiple economic crises.
BUSINESS
Deepak Parekh in last letter to HDFC shareholders: 'It is time to hang my boots'
HDFC and HDFC bank merger is likely to take effect from July 1.
