Moneycontrol PRO

Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

Exclusive: PNB expects Rs 5,000-crore fresh slippages in Q4; no lay-off post merger, says MD & CEO Mallikarjuna Rao

BUSINESS

Exclusive: PNB expects Rs 5,000-crore fresh slippages in Q4; no lay-off post merger, says MD & CEO Mallikarjuna Rao

PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy

SBI to deduct a day’s PL encashment and salary from all employees for PM CARES Fund

BUSINESS

SBI to deduct a day’s PL encashment and salary from all employees for PM CARES Fund

These deductions will be effected immediately, the circular says. If an employee wants to opt out of the scheme, he will have to formally inform superiors.

SBI’s ‘automatic’ EMI moratorium offer: Watch out for this hidden risk for borrowers

BUSINESS

SBI’s ‘automatic’ EMI moratorium offer: Watch out for this hidden risk for borrowers

State Bank of India, India’s largest lender, was quick to offer customers an automatic deferral of EMI payments after RBI’s moratorium. But does it add value for customers?

Nearly Rs 190 crore of their money stuck in PMC, RBI employee unions push for quick merger with other lenders

BUSINESS

Nearly Rs 190 crore of their money stuck in PMC, RBI employee unions push for quick merger with other lenders

Officers and employees unions have suggested to RBI’s top management the names of potential suitors — Bank of India (BoI), Saraswat Cooperative bank and a few private banks — that could take over the scam-ridden Punjab and Maharashtra Cooperative Bank (PMC).

Coronavirus | Banks may reactivate some inoperative Jan Dhan a/cs to facilitate govt cash transfers

BUSINESS

Coronavirus | Banks may reactivate some inoperative Jan Dhan a/cs to facilitate govt cash transfers

Banks have been asked to look at the feasibility of reactivating some Jan Dhan accounts that have been left inoperative due to cash flow problems

PSB amalgamation effective from today: Six questions on the mega merger plan

BUSINESS

PSB amalgamation effective from today: Six questions on the mega merger plan

With this mega bank merger, India will have at least six big banks. However, a few questions remain.

RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

BUSINESS

RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know

What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on

Coronavirus pandemic: RBI General Das launches COVID-19 battle; over to government to wage war

BUSINESS

Coronavirus pandemic: RBI General Das launches COVID-19 battle; over to government to wage war

RBI’s liquidity bonanza will make sure there is no immediate cash squeeze in the system and huge spike in NPAs on account of the adverse environment. This will help to avoid short-term panic

Coronavirus pandemic | RBI allows 3-month moratorium on loans: big relief to banks, borrowers

BUSINESS

Coronavirus pandemic | RBI allows 3-month moratorium on loans: big relief to banks, borrowers

The three-month moratorium will permit banks to avoid a large onset of NPAs during the 21-day lockdown and keep their books healthy

Coronavirus pandemic | RBI infuses Rs 374,000cr liquidity shot

BUSINESS

Coronavirus pandemic | RBI infuses Rs 374,000cr liquidity shot

With a total Rs 374,000 crore pumped into the system, the RBI actions will significantly help liquidity easing in the system.

Coronavirus pandemic | RBI joins the COVID-19 economy rescue team a tad late, but with a big bang 0.75% rate cut

BUSINESS

Coronavirus pandemic | RBI joins the COVID-19 economy rescue team a tad late, but with a big bang 0.75% rate cut

The rate cut will significantly push down end-borrower rates in the system

Coronavirus pandemic | RBI Shaktikanta Das presser today: 3 likely announcements

BUSINESS

Coronavirus pandemic | RBI Shaktikanta Das presser today: 3 likely announcements

RBI Governor Shaktikanta Das will address media at 10 AM on March 27. Here are the likely outcomes of the governor's presser

Rs 1.7 lakh crore COVID-19 package: Relief for poor, but little for locked-down economy

BUSINESS

Rs 1.7 lakh crore COVID-19 package: Relief for poor, but little for locked-down economy

A closer look at the details will reveal that the package is inadequate to address the larger impact of the COVID-19 fallout, especially with respect to industries.

Decoding the reasons behind the huge fall in IndusInd Bank scrip

BUSINESS

Decoding the reasons behind the huge fall in IndusInd Bank scrip

The market may be overreacting, especially after the Yes Bank episode. But the task for Sumant Kathpalia - Romesh Sobti's successor - is certainly cut out.

Coronavirus impact | Economy needed a booster shot, not band-aid

BUSINESS

Coronavirus impact | Economy needed a booster shot, not band-aid

The absence of an aid and stimulus package may hurt even more because of the lockdown that the government announced. A slowing economy will be paralysed in multiple ways

Coronavirus pandemic: Indian banks open up special credit facilities for borrowers

BUSINESS

Coronavirus pandemic: Indian banks open up special credit facilities for borrowers

State-run have announced special measures such as additional credit facilities to borrowers to help them tide through the Covid-19 lock down period

Coronavirus impact | Banks staring at a double whammy in their NPA books

BUSINESS

Coronavirus impact | Banks staring at a double whammy in their NPA books

Banks are already operating in a stressful environment. High NPAs have already made them extra cautious while lending to small industrial units

Coronavirus Pandemic | An economic stimulus is the need of the hour

BUSINESS

Coronavirus Pandemic | An economic stimulus is the need of the hour

The government and the Reserve Bank are still weighing their options to hand out a stimulus even as COVID-19 has started to take a toll on the economy,

No comparison between Yes Bank events with ICICI Bank case, says whistle-blower Arvind Gupta

BUSINESS

No comparison between Yes Bank events with ICICI Bank case, says whistle-blower Arvind Gupta

Yes Bank fraud was a mass scale diversion of funds. The entire system was rotten. There is no comparison with ICICI Bank scam, says whistle-blower, Arvind Gupta

R Gandhi is rewarded with a second stint on Yes Bank’s board — but why, ask bankers

BUSINESS

R Gandhi is rewarded with a second stint on Yes Bank’s board — but why, ask bankers

Arguably, one can say that Yes Bank’s previous board, which comprised Gandhi and others, failed to act to save the bank in time before bailout became an option.

Why analysts are sharply divided over HDFC Bank's unsecured retail loan book

BUSINESS

Why analysts are sharply divided over HDFC Bank's unsecured retail loan book

HDFC Bank has been performing ahead of its peers on most parameters but the bank has faced its own challenges. But in the third quarter, it saw gross NPAs inching up.

The unending pain of Yes Bank co-founder Ashok Kapur’s family

BUSINESS

The unending pain of Yes Bank co-founder Ashok Kapur’s family

During the 16 years of Yes Bank’s journey from inception to its collapse, Ashok Kapur’s family has had a strained relationship with Rana Kapoor, the former CEO and MD of the private lender.

Arundhati Bhattacharya, SBI’s first woman chief who loved gadgets, is ready for Salesforce

BUSINESS

Arundhati Bhattacharya, SBI’s first woman chief who loved gadgets, is ready for Salesforce

At 64 and after four decades in the banking industry, veteran banker Arundhati Bhattacharya is set for her new assignment.

A tale of two kinds of depositors: Yes Bank and PMC (and many other cooperative banks)

BUSINESS

A tale of two kinds of depositors: Yes Bank and PMC (and many other cooperative banks)

The fate of depositors in many crisis-ridden cooperative banks remains uncertain. Though a few of them have approached the courts and the RBI seeking resolution, it is a guess at this stage when they will get their money back.

Sections
ISO 27001 - BSI Assurance Mark