BUSINESS
HDFC-HDFC Bank merger: How did the story unfold over time?
The merged entity will be a behemoth in the Indian banking industry only second to SBI with a combined loan book of Rs 22 lakh crore and deposits of Rs 19 lakh crore. The combined entity will have a market cap of around 14.5 lakh crore
BUSINESS
Banking Central | What’s in a stance?
There is a debate within the MPC over the policy stance. Jayanth Varma thinks it is pointless. Patra seems to disagree. Who is right?
BUSINESS
Lenders approve Rs 400 crore funding for Go First; DGCA's decision awaited
On May 2, Go First announced filing of voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi following a severe cash crunch
ECONOMY-2
No stance is best stance for monetary policy: Jayanth Varma
MPC member Jayanth Varma says he disagrees strongly with the idea that the rate-setting panel should communicate mainly to an 'inside' audience of regulated entities in a coded language
BUSINESS
Message for markets from MPC minutes: Reading the fine print
The minutes offer deeper insights about the thinking process among the panel members on future policy rate approach and here’s what it say.
BUSINESS
Banking Central | Why outrage against RBI over compromise settlement for wilful defaulters is misplaced
The debate is largely due to a confusion between compromise settlement and restructuring facilities offered to wilful defaulters. The RBI's 2019 circular had prohibited restructuring of wilful defaulter loans, not compromise settlement.
BUSINESS
Yawning gap: SBI chairman’s Rs 37 lakh salary reignites public vs private banks debate
The salary disparity among top executives of public sector and private sector banks have been a subject of debate for years.
BUSINESS
SBI Chairman Dinesh Khara took home Rs 37 lakh annual salary in FY23
Khara’s salary included Rs 27 lakh basic pay and Rs 9.99 lakh dearness allowance. In the previous fiscal year, Khara earned Rs 34.42 lakh in annual salary
BUSINESS
Analysis | May CPI numbers offer some relief to MPC, but don’t uncork the bubbly yet
While the May CPI inflation at 4.25 percent is indeed a relief, most economists believe that it will be too early for the MPC to think of a rate reversal. Here’s why
BUSINESS
Banking Central | Why would a customer opt for digital banking?
Banks need to ensure mobile apps, internet banking as a seamless experience for customers to make the shift
BUSINESS
Emerging economies should leverage services sector to boost productivity: RBI
The deputy governor further said given that multiple factors could be at work, a multi-pronged approach woven into a comprehensive policy intervention is needed to reignite and sustain productivity growth.
BUSINESS
Quick View | Why did the MPC retain its policy stance?
The continuation of stance--withdrawal from accommodation-- and the reiteration on the 4% medium-term target signal that MPC isn’t willing to lower the guard soon. In other words, chances of rate cut this year look minimal.
BUSINESS
RBI Policy: MPC retains repo rate at 6.5%, sounds caution on inflation
Since May 2022, the RBI has hiked the repo rate by 250 basis points to counter inflationary pressure, though high inflation, which has remained a key concern for policymakers, has begun cooling off in recent months
BUSINESS
Banking Central| MPC has all the reasons to pause, again. But what’s next?
In the last policy review in April, the rate-setting panel had opted for a pause despite expectations of a rate hike. This time, the chances are likely that the rate approach will continue.
BUSINESS
Dhanlaxmi Bank likely to propose new candidate as part-time chairman soon
Earlier the RBI had said no to a proposal by the bank to appoint G Rajagopalan Nair as its part-time chairman.
BUSINESS
Banking Central | Have fixed deposit rates already peaked?
Banks have been increasing rates on fixed deposits over the last two years. The cycle may have come to an end with the RBI signalling a pause
BUSINESS
Modi@9: The unmaking and making of Indian banks to face global challenges head on
Banking system had a tough phase during the 2020 Covid-19 pandemic but the interventions by the government and the RBI in terms of liquidity assistance and moratorium saved the industry from a bigger crisis.
BUSINESS
MC Exclusive | RBI junks Dhanlaxmi Bank proposal for Rajagopalan Nair as part-time chairman
The Kerala-based bank doesn’t have a chairman since the resignation of G Subramonia Iyer in December 2021. Nair has been on the board of Dhanlaxmi Bank since August 2020 as an independent director
BUSINESS
Banking Central | Black money menace, rampant fake currency behind Rs 2,000 note recall
These notes have been used rampantly by the fake currency mafia eversince 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. Was this the reason the RBI chose to withdraw it at this point?
BUSINESS
With his Rs 2,000 knock, Shaktikanta Das deals a body blow to black-money hoarders
The segment of society that will be hit by the RBI's decision to withdraw the Rs 2,000 note will be the tax cheats holding crores of these high denomination notes. They will now come under the lens of tax authorities
BUSINESS
Will Rs 2,000 currency notes remain legal tender after September 30?
It is expected that the Rs 2,000 notes will remain a legal tender even after September 30, going by a similar exercise conducted by the RBI in 2014 when it announced the withdrawal of all bank notes issued before the year 2005
BUSINESS
Five reasons why Rs 2,000 note withdrawal can't be compared to 2016 demonetisation
Going by the RBI press release, the Rs 2,000 notes will continue to remain a legal tender, meaning one can use it for transactions. This wasn’t the case during the 2016 demonitisation exercise, when notes were deemed invalid overnight
BUSINESS
Banking Central | Pause on rates may stay as Inflation cools off, but war is far from over
Most economists believe that decline in the overall inflation numbers will provide room for the rate-setting panel to continue with the pause in the next policy meet on June 6-8. If low inflation sustains, one cannot rule out a rate cut later this year
BUSINESS
Banking Central | Bank credit picks up momentum. But where is the money going?
Data suggests that bank lending to individual loans is picking up pace while that to industries is slowing.
