BUSINESS
There is a restless urgency in the air in India to resume high growth, says RBI bulletin
The RBI bulletin has cautioned about the problem of a persistently high retail inflation that threatens to erode the gains of economic recovery.
BUSINESS
Sebi circular on AT1 bonds: A double whammy for PSU banks?
Post the Yes Bank AT1 bonds write-off, these instruments were seen with high caution by investors. The Sebi circular is yet another setback for the market.
BUSINESS
Exclusive | Federal Bank open to buy out an MFI, aims 15-16% growth next fiscal year, says MD and CEO Shyam Srinivasan
Federal Bank is keen to acquire a microfinance institution as part of its inorganic growth strategy, said the CEO. But, the bank hasn’t identified any firm yet
BUSINESS
Exclusive | Srei’s lenders cap salaries of top deck, trigger senior level exits
There have been a least ten senior level exits from Srei, the troubled Kolkata-based NBFC, after the salary restrictions by banks in December.
BUSINESS
How Kolkata-based Srei Group is caught in a bitter stand-off with its raters, creditors
Raters cite a Delhi NCLAT ruling staying the Kolkata NCLT order for effecting downgrades. But Srei thinks raters’ action is unjust.
BUSINESS
Banking Central | Will the government bow to trade union pressure on PSB privatisation?
The two-day bank strike announced by the bank unions is likely to be followed up by indefinite strikes, according to union leaders. The government will have to carefully make its moves.
BUSINESS
SBI to e-auction 12 bad accounts in March: Should you participate? 10 questions answered
Bank e-auctions are a good opportunity for investors to purchase prime real estate assets. But caution is warranted on such deals
TRENDS
Actor Sreenivasan Interview: I have lost faith in all parties; politicians have been looting taxpayers in Kerala
Popular actor Sreenivasan holds forth on joining Kitex company-backed Twenty 20 in Kerala, BJP candidate Sreedharan, the Left government, upcoming Assembly elections and more.
BUSINESS
Muthoot Group: Kerala gold loan company’s glitter marred by personal tragedies
Another death has struck the Rs 56,000-crore family run business, synonymous with gold loans in Kerala. But Muthoot has long shown a penchant to fend off setbacks.
BUSINESS
LIBOR set to go and SOFR to replace it as new benchmark: Five questions answered
Indian banks have slowly started migrating to SOFR, the new reference rate that will replace LIBOR from next year onwards.
BUSINESS
Excess debit in Kotak Mahindra Bank customers’ accounts due to PSU Bank’s error
Kotak Mahindra Bank has reversed all excess debits, the bank said.
BUSINESS
Banking Central | Why don't we have more women bank CEOs?
For real empowerment, women should be offered equal opportunities, and not a special institution, to realise their potential.
BUSINESS
Exclusive interview | ‘Metro Man’ E Sreedharan: BJP has the best secular credentials today; opposition parties brand it as religious
E Sreedharan says he never discussed the chief ministership of Kerala before joining the BJP.
BUSINESS
Bank privatisation: Talks between unions, government draw a blank ahead of two-day strike
The decision to privatise two state-owned banks was announced in the Union Budget 2021. The two sides will meet again on March 9.
BUSINESS
Super Specialty hospital, hotel, land parcels: Over 500 properties up for sale in SBI’s mega e-auction
SBI will conduct what it calls a mega e-auction on March 5 (Friday). Bank auction properties can offer 20-23 percent discount to market rates. But, the buyer needs to evaluate the property carefully.
BUSINESS
Analysis | Is bank credit growth picking up pace after COVID-induced slowdown?
According to latest RBI data, bank credit growth that had slumped in 2019-20 and further down in 2020-21 due to COVID-19, is slowly recovering with the gradual opening up of the economy. However, the larger trend remains subdued.
BUSINESS
NBFC licence, startup ambitions: At 70, Kerala’s most famous billionaire is planning his next big moves
Kochouseph Chittilappilly, the founder of the V-Guard empire, believes Kerala’s business environment has worsened in recent years due to trade unionism and the government’s lack of support to industries.
BUSINESS
Banking Central | PSBs and private banks: Where is the level playing field?
Unless public sector banks are given a level-playing field, the government cannot expect same operational performance from them as private banks
BUSINESS
RBI Bulletin: India’s economic activity gaining momentum, but private investment missing
The central bank noted that the broader measures of liquidity reflect easing of monetary and financial conditions in the system
BUSINESS
RBI bulletin: Bank credit flow to industries, infrastructure remains a concern
Bank credit growth to industries slowed due to the coronavirus impact but has recently picked up for agriculture and services sectors as economic activities resume, the central bank has said.
BUSINESS
A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments?
The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift.
BUSINESS
Current inflation target of 2-6% appropriate for next 5 years, says RBI report
There is speculation that the government may ask the central bank to relax inflation targets to support growth.
BUSINESS
Nirav Modi extradition: The story so far and what it means for Indian banks
The diamantaire's case involving PNB exposed the loopholes in the banks' risk management systems.
BUSINESS
Wipro under the spotlight for Citibank’s $900 million mess
Of the three people who executed Citibank’s gargantuan transfer by mistake, two were Wipro employees. What is the impact of the colossal blunder on Wipro and the Indian IT services industry?
