BUSINESS
Banking Central | How clean are the books of our banks?
The aggressive pick up in credit growth could backfire in later years if the economy doesn’t do well and banks may have to get ready for another round of bad loan cleanup exercise.
BUSINESS
Budget 2023: Will Sitharaman offer a breather to NBFCs ?
If the idea is to retain Non-Banking Financial Companies as a critical layer in the world of formal finance, it makes sense to put them on par with banks in some areas.
BUSINESS
Race for deposits: Small finance banks turn up the heat, offer 8%-8.75% return on FDs
The reason, analysts say, is the widening wedge between credit and deposit growth, tight liquidity conditions and the prospects of a further pick-up in lending.
BUSINESS
Lesson from the FTX explosion: Regulate crypto to avoid casualties
An estimated 1.5 crore Indians who have invested approximately Rs 15,000 crore in cryptocurrencies could get hurt if the government doesn’t regulate or ban cryptocurrencies without further ado
BUSINESS
Banking Central | Why trade unions will stay in Indian banking
Over years, bank employee trade unions may have lost their earlier influence over employees but these organisations continue to have a big say in banking industry.
BUSINESS
No bank strike today as IBA, unions agree on employee demands
The unions had threatened to go on strike protesting against staff layoffs, outsourcing in banks, and delay in implementing wage revision in some banks, among other issues.
BUSINESS
Opinion | Longer tenures for CEOs a booster for state-run banks but more needs to be done
By extending their tenures, the government may have only partially addressed the problem of retaining top talent at public-sector banks.
BUSINESS
What will happen to crypto investors if an FTX-like collapse happens in India?
Crypto investments carry a higher risk, especially for an average investor, considering the big gaps in regulation, supervision and grievance redressal mechanism. Investors risk losing their money in such assets
BUSINESS
FTX Collapse: RBI has the last laugh on crypto. If you ignored Das’s warnings, the joke is on you
The central bank deserves praise for standing firm on its stance against cryptocurrencies, warning investors time to time of their inherent risks despite silence from the Centre.
BUSINESS
October inflation down at 6.8%: It's stats at play, MPC can't lower the guard so soon
It is very unlikely that the lower October inflation number will be seen as a big positive by the MPC members when it meets in December. It is too early for the MPC to think about lowering the guard on inflation after failing to meet its mandate
BUSINESS
Banking Central | A truce at last at Dhanlaxmi Bank
The appointment of three new directors indicate the warring factions are finally in an agreement.
BUSINESS
MC Explains | Why Bombay High Court validated Chanda Kochhar’s termination by ICICI Bank
In May 2018, the bank initiated an inquiry against Kochhar following a complaint about her alleged role in granting out-of-turn loans worth Rs 3,250 crore to the Videocon Group, which benefited her husband, Deepak Kochhar
BUSINESS
Exclusive | Dhanlaxmi Bank gets three new directors on Board including a woman director
The lender has been facing issues at the top management for a while on account of a power struggle between a section of shareholders and management.
BUSINESS
What is causing the sudden surge in banks’ education loan books?
Despite being a problematic area for banks in the past, growth in education loans is picking up pace aggressively. Should lenders be worried?
BUSINESS
Demonetisation, 6 years on: Cash remains the king, black money stays on, fake notes on the rise
The Modi government expected demonetisation to extinguish at least Rs 3-4 lakh crore of black money. However, RBI data show that 99% of the money that was invalidated came back into the banking system. Meanwhile, fresh seizures of black money continue.
BUSINESS
Banking Central | Will aggressive retail loan drive boomerang on banks?
Retail loans are generally considered as a safe bet for lenders but in the event of a recession, these loans can turn risky.
BUSINESS
Why the RBI is unlikely to hike the repo rate today
While inflation will top the agenda at today’s MPC meeting, interest rates won’t, because the focus will be on accountability. Section 45ZN of the RBI Act of 1934 requires the central bank to explain to the government its failure to adhere to the inflation target. Today’s unscheduled meeting is about framing that response.
BUSINESS
MC Explains | RBI kicks off digital rupee pilot: 12 Questions answered
A CBDC is not a crypto currency. It is the digital form of legal tender and private virtual currencies are entirely different. Private virtual currencies are at substantial odds with the historical concept of money.
BUSINESS
Banking Central | What RBI will explain to government on failure to manage inflation
The Central bank has limited tools to fight inflation and particularly so when the inflation is demand-driven triggered by external factors. That is likely to be the core of central bank’s argument.
BUSINESS
MC Explains: Why the Kerala HC ruling on the Dhanlaxmi Bank Board battle is important
The verdict on the maintainability of writ petitions can set a precedent in similar cases. The HC has ruled that a private bank’s decision to appoint its Board of Directors is a private affair.
BUSINESS
Dhanlaxmi board seat battle simmers with Kerala HC upholding bank’s appeal
Former directors had moved HC seeking board positions and challenging the bank's decision to deny them Board seats
BUSINESS
Banking Central | The RBI’s silence on Dhanlaxmi Bank events is deafening
One of the oldest private banks in the country is yet again facing a crisis at top level management triggered by shareholder action. How long the RBI can remain a mute spectator in this whole drama?
BUSINESS
What next for Kerala-based Dhanlaxmi Bank?
Turmoil in top management, a power struggle on the Board and major capital woes could invite central bank action. The regulator is keeping a close watch on the situation at the Thrissur-based lender.
BUSINESS
Dhanlaxmi shareholders call for EGM on November 12, seek to suspend CEO's powers on capital expenditure
On June 1, Moneycontrol reported that shareholders have raised the alarm on the lender’s financial situation and rising costs even as its board tries to recover from two back-to-back resignations.
