BUSINESS
RBI hikes repo rate by 50 bps as battle on inflation continues in full swing
It is pertinent to note that the Governor didn't hint at a 'neutral' stance, instead chose to stick to the 'calibrated withdrawal' to highlight the fact that MPC remains hawkish on the overall policy approach.
BUSINESS
Why Kotak’s promotion of officials fined by Sebi has raised a stink
The action has triggered a debate: should an organisation promote officials penalized by a regulator or wait until a clean chit is given by a higher court?
BUSINESS
Banking Central | What does another rate hike this Friday mean to you?
MPC's focus likely to continue on inflation fight even as growth recovery remains a concern
BUSINESS
Creditor is proxy for Vijay Mallya, allege minority shareholders in duel for McDowell Holdings
The stage is set for an unusual and bitter legal battle for ownership of McDowell Holdings as minority shareholders challenge NCLT’s decision to award the debt resolution plan in the Supreme Court
BUSINESS
Banking Central | Who will control erring loan recovery agents?
The Hazaribag incident highlights the dark world of recovery agents. Unfair loan recovery practices must stop
BUSINESS
MC Explains | August CPI at 7%; how high inflation impacts common man?
The reversal in August retail inflation number after the easing seen in July reaffirms another rate hike in September
BUSINESS
Banking Central | Sebi penalty on Rana Kapoor strengthens Yes Bank’s AT1 bondholders' case
The AT1 bond case has been going on since the bank announced writedown of these bonds, triggering a major debate in the industry. With the market regulator finding former CEO guilty in the case as well, Yes Bank’s retail investors have an additional reason to cite before the Bombay HC to seek compensation.
BUSINESS
Banking Central | Government must not arm twist PSBs on education loans
Leave it to the judgment of banks; it is equally important to get the money back just as giving it
BUSINESS
Banking Central | New overseas investment rules a winner for banks, jolt to wilful defaulters
The new rule addresses a long standing problem of fund diversion by loan defaulters across the boarder
BUSINESS
Banking Central | What MPC’s inflation failure means to common man
The rate setting panel is set to explain its failure in meeting the inflation target in a written statement to the government
BUSINESS
MPC resolution to remain focused on withdrawal of accommodation confusing: Jayanth Varma
The MPC hiked the repo rate, or key lending rate, by 50 basis points to 5.4 percent thereby effecting a total of 140 bps hike in a span of five months citing high inflation.
BUSINESS
Banking Central | Borrowers deserve freedom from harassment
The latest RBI directions are a step in the right direction but the problem lies with its implementation on the ground
BUSINESS
Banking Central | The wait for own money
There are a number of cases where depositors have parked a major part of their life savings, if not the entire amount, in cooperative banks eyeing higher interest.
BUSINESS
RBI Monetary Policy: Jayanth Varma disagreed with policy stance, shows statement
On earlier occasions also, Varma had dissented on MPC's view on policy stance an forward guidance arguing that guidance needs to be more realistic not to hurt the credibility of the panel.
BUSINESS
RBI Monetary Policy | Another 50 basis point hike done. So, what comes next?
With the latest rate hike, the monetary policy committee has taken the rates to pre-pandemic levels, something RBI Governor Shaktikanta Das had hinted at a while ago.
BUSINESS
RBI policy: MPC hikes repo rate by 50 bps, takes policy rate back to pre-pandemic levels
The hike came largely on expected lines as the RBI continues on a warpath against high inflation
BUSINESS
Banking Central | Another rate hike coming this week
The monetary policy committee, which begins its meeting bi-monthly review meeting on August 3, faces multiple headwinds but its biggest enemy is inflation
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
