BUSINESS
Banking Central: Which are the next pain points for banks?
The pain from the corporate sector may be limited this time, but the unforeseen stress could come from retail and contact-intensive sectors such as tourism and travel.
BUSINESS
Analysis l ED action against crypto exchange WazirX underscores RBI’s concerns on virtual currencies
The move highlights the importance of RBI caution on crypto and, at least partly explains the concerns raised by the central bank.
BUSINESS
For microfinance industry, life is not as tough in Covid second wave but pain persists
A large number of MFI borrowers and their families were ill, even in rural areas, when compared to last year's outbreak. Many MFIs reported normal collection levels in earlyApril but things worsened by May.
BUSINESS
Profile | Shyam Srinivasan, who adores ‘Rahul Dravid’, is ready for his new innings
Srinivasan is among the few foreign bankers who chose to move to smaller Indian banks after long, successful stints in foreign banks. In the ten years, Srinivasan headed the bank, Federal Bank has changed its image of an old-generation private lender to a digital friendly private bank with national focus.
BUSINESS
HDFC Bank plans big digital play even as it strives to come out of RBI ban
HDFC Bank, banned by the central bank from introducing new digital products and services because of frequent outages, wants to up its digital game under new CEO Sashidhar Jagdishan. Question is how soon the Reserve Bank will give it the go-ahead.
BUSINESS
Exclusive Interview | Morgan Stanley's Sumeet Kariwala says impaired loan formation will remain elevated in H1-F22; mid-sized banks, PSBs to see relatively higher impact
According to Morgan Stanley, job losses in the formal segment have been contained so far but relatively higher impacted segments are the self-employed retail and MSME segment. Commentary from banks highlight material drop in collection efficiency during the past month in retail, MSME, Kariwala said.
BUSINESS
Banking Central | Debate on RBI’s ‘forward guidance’ continues
MPC members like Jayanth Varma, had questioned the efficacy of RBI’s forward guidance in the previous policy review meetings
BUSINESS
Exclusive Interview | This once-in-a-century public health shock has no playbook to follow, says Axis Bank Chief Economist Saugata Bhattacharya
RBI’s response since March 2020 has been exceptionally dynamic and proactive, using large surplus system liquidity levels as a significant instrument to anchor short term rates at low levels.
BUSINESS
Analysis | It's crystal clear now - RBI doesn't endorse cryptocurrencies
RBI's repeated caution and reiteration that the central bank has concerns on cryptocurrencies is a strong message to investors about the high risk of dealing in crypto assets in the absence of clear regulations.
BUSINESS
HDFC Bank withdraws its communication on cryptocurrency caution post RBI clarification
The bank had sent emails dated May 28, 2021 to some of the customers with the subject 'Caution Advice for dealing in virtual currency' probably due to the high-risk involved in such transactions.
TRENDS
Analysis | Why Deposit Insurance is a ray of hope for co-op bank customers amid RBI crackdown
Under DICGC scheme, on liquidation, every depositor would be entitled to receive deposit insurance claim amount of up to Rs five lakhs from the DICGC Act, 1961.
BUSINESS
IndusInd Bank shares take a beating after year-old report of Cayman Islands cancelling Hinduja Bank permit resurfaces
Shares down 6% intra-day. In May, 2020 last year, Cayman Islands cancelled licence of Hinduja Bank for various rule violations
BUSINESS
Analysis | RBI policy: No rate action likely, but watch out for FY22 GDP growth estimate
The concerns raised by the MPC in the last policy review on the growth-front remain broadly the same. Hence, a rate action is unlikely.
BUSINESS
Will Aditya Puri, Carlyle group entry be a game changer for PNB HFL?
The Puri brand and Carlyle’s deep-pockets will give an edge to the PNB HFL but it will be long before the HFC can challenge its bigger competitors.
BUSINESS
Analysis | Has RBI really endorsed crypto transactions in India?
The RBI has only asked banks not to shoot from its shoulder. The language indicates high caution. Banks will not have the backing of the regulator and will have to deal in crypto at their own risk.
BUSINESS
RBI clarifies on 2018 cryptocurrency circular, asks banks to carry out customer due diligence
This RBI circular came shortly after major Indian banks started warning customers against using their services to trade in cryptocurrencies.
BUSINESS
Banking Central: How helpful is the tweaked ECLGS scheme for COVID hit borrowers?
Considering the impact of Covid second wave lockdowns on the industries, especially small businesses, both the RBI and government will have to think beyond merely tweaking of ECLGS schemes.
BUSINESS
HDFC Bank penalty: What is RBI's message to India's largest private lender?
RBI probe and subsequent penalty confirms allegations of misselling and rule violations in HDFC Bank's auto loan division
BUSINESS
Exclusive | Timely resolution as per RBI’s package and vaccination key monitorable, says IDBI Bank DMD Suresh Khatanhar
Sectors like Hospitality, Restaurant and aviation are largely impacted apart from self-employed, Micro and Small units/business in containments zones
BUSINESS
Mehul Choksi’s rise and fall from a celebrity Diamond King to a fugitive wilful defaulter on the run
Choksi once controlled an empire with a claimed annual turnover of $ 2.5 billion, to which he couldn’t hold onto for long; the Gitanjali empire collapsed when Choksi’s role in PNB fraud was made public.
BUSINESS
RBI Annual Report: Stress tests indicate banks have sufficient capital even in severe scenario
Bank-wise as well as system-wide supervisory stress testing provide clues for a forward-looking identifi cation of vulnerable areas, the RBI said in the report.
BUSINESS
More promoters move to make aggressive bids to regain control of their bankrupt companies
From the IDBI-Sivasankaran deal to Kapil Wadhawan’s offer for DHFL and Manoj Gaur settlement plan for Jaypee Group, old promoters are offering lenders payment propositions to take back control of their companies. What does this mean for the banking industry?
BUSINESS
Five years since liquor King Vijay Mallya flew to UK: Four mistakes banks made in the Kingfisher case
Banks made the mistake of acting late in the Kingfisher case and paid the price for the laxity.
BUSINESS
DHFL administrator moves tribunal challenging NCLT order on Wadhawan offer; lenders may follow suit
DHFL’s lenders too are likely to move NCLAT challenging order to consider payment plan by former promoter Kapil Wadhwan.
