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Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

Aditya Puri's pay versus Rajnish Kumar’s pay: An old debate in Indian banking resurfaces

BUSINESS

Aditya Puri's pay versus Rajnish Kumar’s pay: An old debate in Indian banking resurfaces

The huge disparity in the compensation packages between public sectors bankers and their private sector counterparts is nothing new. It is now back in the limelight due to the SBI chairman’s comments, but is there much to it?

What does RBI’s proposed CEO term rule mean for incumbent private bank bosses such as Uday Kotak?

BUSINESS

What does RBI’s proposed CEO term rule mean for incumbent private bank bosses such as Uday Kotak?

The RBI has proposed to limit the tenure of the promoters of the bank as Chief Executive Officers and Whole Time Directors to ten years if the person is from the promoter group and 15 years if from the non-promoters.

Do public sector bank employees deserve better pay?

BUSINESS

Do public sector bank employees deserve better pay?

Private sector banks reward employees based on performance linked compensation models specific to individual institutions. As against this, traditionally, salary of a PSB employee is decided through negotiations between the IBA (Indian Banks Association) and trade unions negotiations once in every five years.

Why the Hindujas’ demand to raise stake in IndusInd Bank will cut no ice with RBI despite Kotak truce

BUSINESS

Why the Hindujas’ demand to raise stake in IndusInd Bank will cut no ice with RBI despite Kotak truce

The settlement of the dispute between Kotak Mahindra Bank and RBI over promoter shareholding limit has put the spotlight on such large shareholders of other private lenders, especially the Hindujas of IndusInd Bank

S&P rating affirmation gives only breathing space to Indian policymakers

BUSINESS

S&P rating affirmation gives only breathing space to Indian policymakers

A second successive downgrade in a week could have had catastrophic effect on the already down investor sentiments, would have weighed on stock markets eroding massive investor wealth and would have certainly added pressure on the policymakers who are desperately trying to address the chaotic economic conditions severely impacted by the onslaught of COVID-19.

It's curtains to 7-year-long court drama as Madhu Kapur family buries the hatchet with Yes Bank

BUSINESS

It's curtains to 7-year-long court drama as Madhu Kapur family buries the hatchet with Yes Bank

There are no winners or losers in the prolonged tug of war for power and money in Yes Bank between Kapurs and Kapoors.

Lukewarm response to MSME scheme: Government wants bankers to be more aggressive

BUSINESS

Lukewarm response to MSME scheme: Government wants bankers to be more aggressive

The Finance Ministry on June 9 did a review of the scheme's progress so far in a meeting with senior bank officials.

RBI wants to give a makeover to India's loan securitisation market: What does this mean for banks?

BUSINESS

RBI wants to give a makeover to India's loan securitisation market: What does this mean for banks?

The central bank wants to make a liquid secondary market for sale of loan assets. With the proposed relaxations, banks can make some money, if they so want, by selling the loan portfolios to willing buyers at a discount which can be sold again.

A PSU banker’s dilemma: Ready to lend, but where are the takers?

BUSINESS

A PSU banker’s dilemma: Ready to lend, but where are the takers?

It isn’t just SBI Chairman Rajnish Kumar. This view is shared by many officials in sate-run banks who are under pressure to lend to support economic revival but are unable to do so.

Govt yet to put in place SPV structure for Rs 30,000-crore NBFC liquidity scheme

BUSINESS

Govt yet to put in place SPV structure for Rs 30,000-crore NBFC liquidity scheme

Almost a month after the announcement, the government is yet to announce the details of setting up the SPV. “This was supposed to be an emergency facility for NBFCs. The scheme will have to be operationalised at the earliest,” said an NBFC industry official.

Why RBI policy is now a non-event for the common man

BUSINESS

Why RBI policy is now a non-event for the common man

As of April 24 (the most recent data available), non-food credit growth on a y-o-y basis was at 6.5 percent on May 8, 2020, lower than 7.2 per cent on April 10, 2020.

RBI MPC minutes: Here's why Chetan Ghate did not favour a bigger rate cut

BUSINESS

RBI MPC minutes: Here's why Chetan Ghate did not favour a bigger rate cut

The MPC ultimately settled for a 40 bps rate cut as part of the monetary policy measures to combat the COVID-19 impact.

How prepared is State Bank of India to counter COVID-19 impact?

BUSINESS

How prepared is State Bank of India to counter COVID-19 impact?

The real impact of lockdown on SBI's loan books will be visible only in the second quarter when repayments are scheduled to resume.

Vijay Mallya saga: Can banks still manage to eke out sizeable recoveries?

BUSINESS

Vijay Mallya saga: Can banks still manage to eke out sizeable recoveries?

Since Mallya's real estate assets, which include a Mumbai office property, his cars and other personal belongings won't fetch much, banks are pinning their hopes on acquiring Mallya's stake holding in United Spirits and United Breweries.

View: Supreme Court shouldn't meddle with loan moratorium

BUSINESS

View: Supreme Court shouldn't meddle with loan moratorium

The RBI’s decision to allow deferral of EMIs should be seen as putting on hold repayments in a crisis and not as a loan waiver.

Will give emergency credit but first pay up earlier dues, some banks tell MSMEs

BUSINESS

Will give emergency credit but first pay up earlier dues, some banks tell MSMEs

The condition defeats the purpose of the emergency loan as the govt launched this for immediate cash support of MSMEs to tide over the COVID-19 crisis and not for repayment of earlier dues.

PSU banks go into overdrive to make Rs 3 lakh crore MSME loan scheme a success

BUSINESS

PSU banks go into overdrive to make Rs 3 lakh crore MSME loan scheme a success

PSU banks are under pressure to make the scheme a success since this is one of the key items in the government’s Rs 20 lakh crore economic package. Banks are finding it hard to reach out to the customers on account of the present lockdown.

Why these are bad times for an average saver

BUSINESS

Why these are bad times for an average saver

Equity markets are too risky, mutual funds are fighting a trust deficit post the infamous Franklin Templeton episode, and real estate and gold-- two other traditional safer assets - aren’t attractive from a return perspective. In short, there aren’t many options.

Exclusive | Government must create an enabling environment to encourage private participation in infra sector: Hemant Kanoria

BUSINESS

Exclusive | Government must create an enabling environment to encourage private participation in infra sector: Hemant Kanoria

In an exclusive interview with Moneycontrol, Hemant Kanoria, Chairman, Srei Infrastructure Finance, talks about a range of issues, including the reasons behind Srei's change in strategy and other industry issues.

Moody’s India rating downgrade: Why Modi government shouldn’t miss warning signals

BUSINESS

Moody’s India rating downgrade: Why Modi government shouldn’t miss warning signals

In the absence of fiscal steps and reforms, the growth scenario is likely to worsen, logically leading to more rating actions and economic distress.

What does Moody’s rating downgrade reveal about the economy? Hint: COVID-19 is not the villain

BUSINESS

What does Moody’s rating downgrade reveal about the economy? Hint: COVID-19 is not the villain

Speculations were rife about an impending rating downgrade with India’s economy taking a severe hit due to the COVID-19 outbreak, the government’s fiscal calculations going wrong due to major revenue loss and weakening economic conditions. So, what’s worrying Moody’s with respect to the Indian economy?

Exclusive | IDBI Bank looking to raise capital this fiscal: Suresh Khatanhar, DMD

BUSINESS

Exclusive | IDBI Bank looking to raise capital this fiscal: Suresh Khatanhar, DMD

"IDBI Bank is back in the black and hopes to be out of Reserve Bank of India's PCA framework soon," Khatanhar told Moneycontrol.

Banks and NBFCs begin tug of war on extension of loan moratorium scheme

BUSINESS

Banks and NBFCs begin tug of war on extension of loan moratorium scheme

Through informal communications, many banks have conveyed to NBFCs and micro lenders that they aren’t in favour of extending the moratorium, said at least three NBFC industry officials

Loan moratorium extension: Is it a trap or an opportunity?

BUSINESS

Loan moratorium extension: Is it a trap or an opportunity?

You are the best judge to decide whether this offer makes sense for you or not. If you are someone with enough cash flows, it is better to continue with regular payments. If you are looking to generate some liquidity for near term use, loan moratorium makes sense for you. It’s a call you need to take.

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