BUSINESS
Banks have much cleaner books now; where did all NPAs go?
There is a clear improvement in the bad debt numbers, but largely due to write-offs.
BUSINESS
Banking Central | What does a bigger HDFC Bank mean for its closest rival?
SBI has enjoyed a monopoly over Indian banking since 1955 but that’s about to change following HDFC Bank's merger with HDFC. With an asset book of Rs 17.86 trillion, not too far from SBI’s Rs 26.64 trillion, HDFC Bank can challenge the state-owned lender's dominance, especially in the big-ticket loan market
BUSINESS
MC Analysis | Rupee at 78: Is that the new normal for the currency?
Some analysts say the central bank may have no option but to let the rupee find its new normal.
BUSINESS
Government steps up bid to sell IDBI Bank stake, talks to potential suitors including Fairfax’s Prem Watsa
Fairfax already has a controlling stake in Kerala-based CSB Bank
BUSINESS
Banking Central | India's crypto double standard is hurting investors
For long, the RBI top brass has been warning against Crypto risks, calling for a ban even as the cash-starved Government is looking to tax such investments. The double standard doesn't add up and defies logic.
BUSINESS
Soaring US Inflation ups the heat in MPC’s rate chamber
Inflation – both in the US and at home – has emerged as the main villain for Indian policymakers. More increases in US interest rates will trigger another capital flight from emerging markets including India, hurting the rupee.
BUSINESS
RBI's desperate catch-up act on inflation may hurt the economy
It isn’t an exaggeration to say the RBI let loose the inflation genie for too long, in search of a stimulus-led growth. It is now playing catch-up with steep, consecutive rate hikes
BUSINESS
MC View | SC order bolsters India’s case for Vijay Mallya extradition
Though there isn’t anything Indian authorities could do to Mallya immediately, the ruling indeed makes India’s case stronger.
BUSINESS
Banking Central | India fighting a losing battle on the rupee front
After the Government raised import duty on gold and oil last week, the RBI has followed up with measures to attract more foreign funds. The idea is to stem the rupee’s fall. But, probably, India is fighting a losing battle, as risks to currency are mainly emerging from global events.
BUSINESS
After 6-year legal battle, Dhanlaxmi Bank officer’s sacking ruled unsustainable
The court ordered the bank to pay Rs 30 lakh in compensation to the banker, PV Mohanan, with 6 percent interest from the date of termination, aside from his legal expenses
BUSINESS
Banking Central | India's PSB privatisation bid needs political resolve
For long, both the UPA and the NDA governments have promised privatisation but what lacked was political will
BUSINESS
Banking Central| Where will the repo rate settle ultimately?
The MPC is caught in a twin battle. Its rate hike plans will be influenced by global factors going ahead where it has limited control.
BUSINESS
Banking Central | The case for a higher DICGC cover
The rising instances of cooperative bank failures highlight the need for a higher safety net for depositors.
BUSINESS
RBI cancels Millath Co-operative Bank's licence
As per the data submitted by the bank, all the depositors will receive full amount of their deposits from DICGC, the RBI said.
BUSINESS
Explained | RBI lifts business restriction on Mastercard: 10 key questions answered
On July 14, the Reserve Bank of India had imposed restrictions on payment system operator Mastercard, barring it from onboarding new domestic customers.
BUSINESS
Explained | Why did shareholders call an EGM at Dhanlaxmi Bank? 10 key questions answered
Dhanlaxmi Bank has been in news in recent years for top level exits and financial woes. Here’s an explainer on the key issues in the bank.
BUSINESS
Banking Central | Understanding the Dhanlaxmi Bank EGM drama
The bank’s financials need to be improved and, more importantly, the board needs to be strengthened by inducting more independent shareholders who are truly independent.
BUSINESS
Exclusive | HDFC Bank asks parent to cut exposure to certain loans before merger
The bank doesn’t want to take over from HDFC those loans that are not allowed for banks under RBI regulations
BUSINESS
Analysis| Has the MPC already lost the battle on high inflation?
The MPC has moved to the path of policy tightening as inflation begins to pinch on the ground. But clearly, it acted too late and has limited tools now.
BUSINESS
RBI Policy | RBI raises repo rate by 50bps to 4.9% to fight inflation pressure
The central bank forecasts 6.7 percent inflation, while the real GDP growth rate is pegged at 7.2 percent
BUSINESS
Exclusive Interview | Expect back-to-back rate hikes of 25 bps taking the policy rate to 6.25% by March 2023, says Morgan Stanley’s Sumeet Kariwala
Morgan Stanley comments come at a time when the three-day monetary policy committee meeting is on.
BUSINESS
Banking Central | RBI MPC meet begins today. Get ready for even higher interest rates
RBI Monetary Policy Meet: A rate hike is given this time, only the quantum of increase needs to be seen. But what will be the impact on markets, how much can banks pass on?
BUSINESS
Dhanlaxmi Bank shareholders raise alarm on financials; number of Board members falls to 5
Sebi rules require listed entities to have a minimum of six directors. Of the five directors left on the board of Dhanlaxmi Bank, only one is an independent director; two are RBI-appointed nominee directors.
BUSINESS
Explained: ED arrests Delhi minister Satyendar Jain in hawala case: 5 key points on PMLA Act
The ED action comes over a month after assets linked to Jain, worth around Rs 4.81 crore, were attached by the agency.
