BUSINESS
BharatPe Chairman Rajnish Kumar: I'll never stoop to Ashneer Grover's level, I don't change my colours
Ousted BhratPe co-founder Ashneer Grover had tweeted that Rajnish Kumar was his biggest hiring mistake
BUSINESS
Rajnish Kumar Interview | Action must against bankers for quid pro quo deals but can't blame only them for NPAs
The comments come a few days after former ICICI Bank CEO Chanda Kochhar was arrested by the CBI in the Videocon loan scam
BUSINESS
MC Exclusive | BharatPe's Rajnish Kumar denies leadership crisis, looks for fresh talent
On January 3, CEO Suhail Sameer stepped down, following a series of other senior level exits in the company
BUSINESS
Exclusive | Former SBI chief Rajnish Kumar bats for reforms in Kisan Credit Cards
Kumar’s comments come just a month ahead of Union Budget 2023 and banking sector is eagerly looking for supportive measures for growth from government.
BUSINESS
Exclusive | Ex-SBI chief pitches for greater autonomy, professionalism in public sector
Rajnish Kumar's comments assume significance in the backdrop of a prolonged debate on autonomy, especially for public sector banks (PSBs), and the bid to privatise at least some of the state-run lenders
BUSINESS
Banking Central | 5 key things to watch out in Indian banking sector in 2023
The year 2022 was a rollercoaster ride for India’s banks - RBI’s unprecedented aggression on inflation, arrest of a top banker in a loan scam and continuing collapse of India’s cooperative banks. What’s 2023 hold? Let’s take a look.
BUSINESS
RBI Financial Stability Report: Gross NPAs of Indian banks fall to seven-year low in September
Macro stress tests for credit risk reveal that banks would be able to comply with the minimum capital requirements even under severe stress scenarios, the RBI report said.
BUSINESS
How Chanda Kochhar’s family built a green power firm with blessings from Dhoots
Both the Dhoot and Kochhar families were closely involved in NuPower Renewables from its early beginnings, contrary to claims, evidence shows
BUSINESS
Exclusive Interview | Chanda Kochhar’s arrest only tip of iceberg, more beneficiaries involved, says whistle-blower Arvind Gupta
In a free-wheeling interview with Moneycontrol, Gupta said the role of ICICI Bank management, named in the CBI First Information Report (FIR), needs to be probed thoroughly.
BUSINESS
Chanda Kochhar, Venugopal Dhoot not cooperating with probe, CBI tells court
Both Chanda and Deepak Kochhar were arrested on 24 December in connection with the Rs 3250 crore Videocon loan scam
BUSINESS
How Venugopal Dhoot’s quid-pro-quo money led to Kochhars’ downfall
Dhoot’s investments Deepak Kochhar’s companies, shortly after securing a loan from Chanda Kochhar-headed ICICI Bank, became the corner stone of India’s biggest banking scandal
BUSINESS
Banking Central: Why you will love good old bank FDs in new year (once again)
FD rates have been rising after the Reserve Bank of India (RBI) repo rate hikes. If you are someone looking to lock your funds in a safer instrument, FDs can be a good option at this environment.
BUSINESS
Chanda Kochhar, Rana Kapoor, Kapil Wadhawan: Meet the fallen stars of Indian banking
They ruled the banking industry but then greed struck. Money laundering, kickbacks and cheating are among a long list of accusations that people like Chanda Kochhar, Rana Kapoor face. How do dream careers end up in a nightmare, read on
BUSINESS
New RBI data shows wilful defaulters are laughing all the way away from banks
Banks are almost sitting ducks with wilful defaulters. Most of the money lent to these defaulters, besides the huge corporate loan write-offs, is as good as gone. Ultimately, this is public money
BUSINESS
Banking Central | The big challenges for RBI’s Shaktikanta Das in 2023
The biggest and most damning enemy of the central bank remains inflation in 2023. Crypto regulations are next.
BUSINESS
Interview | CreditAccess to enter India life insurance business, hopes to get approvals in the next 6 months
Interview| CreditAccess to enter India life insurance business, targets launch in 6 months
BUSINESS
Is Raghuram Rajan gunning to be the next Manmohan Singh of Congress party?
If one looks closely, the career graphs of both Rajan and Manmohan have striking similarities. Both served in the Indian government and the central bank and have international repute.
BUSINESS
Is November CPI inflation at 5.88% a game changer on RBI rate hikes?
Core inflation, which is the non-food, non-oil part of the headline inflation, remains sticky and elevated at over 6%. In fact, core inflation has averaged around 6.2-6.3% in fiscal year 2023. That is a worry for the RBI.
BUSINESS
Budget 2023: What is in store for banking sector? Will govt bite the bullet on crypto regulations?
The government should act urgently on crypto regulations and give clarity on the bank privatisation plan.
BUSINESS
Banking Central | RBI played ‘Dhritarashtra’, not Arjuna, on inflation for too long
While the central bank believes that ‘worst of inflation is behind’, in the same breath it cautions that the fight against inflation is far from over. The predicament is obvious.
BUSINESS
Das Unplugged: Why press meets by the incumbent RBI governor are like no other
The press conferences by RBI governor Shaktikanta Das are in stark contrast with those of his predecessors. Those were dull affairs. Das loves to take questions.
BUSINESS
Another rate hike coming in February?
Inflation remains the core focus and the primary target of the rate setting panel. Policy stance remains withdrawal of accommodation. This means rate hikes aren’t over yet.
BUSINESS
RBI Policy| MPC hikes repo rate by 35 bps; refuses to lower guard on inflation
With this rate hike, the MPC has hiked the repo rate by over two percentage points in the last half year
BUSINESS
What will be the RBI Monetary Policy Committee decision today?
With another 25-35 bps rate hike, the MPC may signal the shift to neutral stance, marking the end of the current rate hike cycle.
