BUSINESS
Banking Central | Counterfeit notes are back in full swing and that’s worrying
Curbing the circulation of fake notes or counterfeit notes, as we call them, was a stated aim of 2016 demonetisation. But, as the evidence suggests, the problem is far from over and demonetisation has failed to curb fake money
BUSINESS
Banking Central | Government, RBI's inflation battle is a double-edged sword
After the RBI, the government has taken a series of measures to cool inflation There will be more such steps ahead but at what cost?
BUSINESS
Exclusive | Mine has been a lone voice in MPC, but I have never felt lonely: Jayanth Varma
In his comments in the MPC minutes, Varma had said the logic of a 40 bps rate cut was not clear to him. He says he believes a decisive rate action can subdue the unpleasant inflationary episode we are witnessing currently, and bring inflation down to target.
BUSINESS
Banking Central | Is there a shadow ban on crypto payments in India?
The allegations by the Coinbase CEO and reports contradicting his claim made news last week. What really happened?
BUSINESS
RBI hasn't imposed any shadow ban on Coinbase, CEO's claim incorrect, say sources
Recently, US-based crypto exchange Coinbase's chief executive officer Brian Armstrong had alleged that it suspended its UPI payment method due to 'informal pressure from RBI.'
BUSINESS
Analysis | Why SC ruling on NBFC regulation is a big relief for industry
The issue of dual regulation of NBFCs by the RBI and state governments had created huge uncertainty for the industry. The Andhra Pradesh microfinance crisis is an example.
BUSINESS
Corporate Rejig: In six months, Ujjivan SFB gets six top execs on board; collections, asset quality improve
Former CEO Nitin Chugh had quit last August and multiple executives resigned thereafter at various levels. But, the bank has revamped the team since then and focused on collections.
BUSINESS
Axis MF frontrunning case: Axis Bank awaits probe report; will not take action against mutual fund officials for now
The bank is standing by Axis Mutual Fund CEO and MD Chandresh Nigam after suspending two other fund house officials in connection with frontrunning allegations, say sources. But Nigam’s continuance might run afoul of the regulator.
BUSINESS
Exclusive | HDFC Bank top brass batted for merger with HDFC as early as November
Bank cited the potential benefits of the merger to the parent, primarily access to a booming mortgage lending market. It was assessed that the conditions for the merger are more conducive now compared to before.
BUSINESS
Exclusive| HDFC Bank may get RBI glide path to pare holding in HDFC Credila, HDB Financial after merger
Though HDFC Bank has expressed interest to retain all subsidiaries in the current form, the RBI may raise questions with respect to two subsidiaries that are into lending business which can be done within bank
BUSINESS
Banking Central | What does the RBI rate hike mean for the common man
Rising interest rates are both bad news and good news for customers. For borrowers, EMIs will become costlier as banks adjust rates while for depositors returns on their fixed deposits will be more.
BUSINESS
What does RBI know that we don’t know yet?
Inflation has stayed above the MPC’s comfort zone for several months now. There is a view that MPC has acted too late in its inflation fight and any further delay could lead to breach of its mandate.
BUSINESS
RBI hikes repo rate by 40bps to 4.40%, CRR by 50bps, cites inflation worries
This is the first such unscheduled statement from the RBI governor since the start of the pandemic in 2020
BUSINESS
Interview | Will make a serious attempt to look at inorganic growth options now, says Ageas Federal Life Insurance CEO Vighnesh Shahane
Although the company has been open for inorganic options for a few years, it will make a serious attempt now, said Shahane.
BUSINESS
Banking Central | What’s the message from HDFC twins' merger to NBFCs?
NBFCs need to rethink their industry positioning going ahead. The primary reason why many NBFCs chose to be so—the benefit of lighter regulations vis-à-vis banks—no longer exists.
BUSINESS
Exclusive | Spandana Sphoorty founder Padmaja Reddy buys Rajshree Tracom, signals return to small loan business
The new NBFC, which will be renamed Keertana Finserve, will focus on gold loans, MSME loans and loans against property. Reddy is slated to be the MD & CEO of the new company
BUSINESS
Banking Central | Where have all the woman CEOs in Indian financial services gone?
Over years, more women have risen to the top in financial services. Yet, there are very few of them compared with their male counterparts.
BUSINESS
Analysis | What does high WPI inflation mean for interest rates?
The spike in WPI will put more pressure on the rate-setting body to initiate a tight policy stance
BUSINESS
Banking Central: RBI's oldest and mightiest enemy is back
Persistently high inflation is worrying in an economy as it hurts low-income groups the most.
BUSINESS
Retail inflation shoots up to 6.95% in March. Will MPC go for a rate hike in June?
The sharp rise in retail inflation puts the MPC in a tight spot. A change in stance is likely soon, followed by a rate hike.
BUSINESS
Banking Central | Big, corporate-led NBFCs need to make a choice
The RBI approach to big NBFCs have been very clear—either operate with tougher, bank-like rules or convert to become banks after rejigging the ownership structure. It is up for the non-banks to decide which way to take
BUSINESS
RBI monetary policy analysis| Das finally picks inflation over growth, how soon will MPC hike rates?
RBI monetary policy | Till now, the MPC has largely focused on growth recovery alone but the attention has now clearly shifted to inflation
ECONOMY
RBI Policy | MPC keeps repo rate unchanged at 4%, retains accommodative stance
The Monetary Policy Committee has so far remained on a growth-supportive stance to guard the economy from the ill-effects of the COVID-19 pandemic.
BUSINESS
RBI policy tomorrow. Will the MPC shift gears?
Growth is likely to remain the guiding mantra for the rate-setting panel this time as well but the policy stance could change and that’ll be the beginning of a new cycle
