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.
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.
