BUSINESS
KC Chakrabarty: A fearless central banker who loved blunt talk and never hesitated to question the central bank
KC Chakrabarty’s outspokenness often landed him in trouble in the RBI but the veteran banker fearlessly held up a mirror to the unpleasant truths in India’s financial sector
BUSINESS
KC Chakrabarty, veteran banker and outspoken critic of flaws in Indian financial system, passes away aged 68
Former Reserve Bank of India (RBI) deputy governor KC Chakrabarty was known for his in-depth knowledge of economy and the banking industry issues, particularly on issues related to financial inclusion.
BUSINESS
Exclusive | Yes Bank AT1 bondholders move Bombay HC seeking Rs 160 crore interim relief from bank
Yes Bank decided to write off Rs 8,415 crore worth AT1 Bonds as part of the SBI-led bailout.
BUSINESS
RBI governor signals more focus on digital lenders, fintech companies
The RBI governor sees four landscapes emerging in the banking sector in the current decade, including the growth of digital players who will increasingly emerge as critical pieces across all segments.
BUSINESS
RBI flags concerns on cryptocurrencies to government, work in progress for CBDC, says governor Shaktikanta Das
On earlier occasions too, the RBI hinted about its willingness to explore CBDC but has expressed its reservations on cryptocurrencies.
BUSINESS
NPA clock ticks again after SC lifts stay; IBC back in action from today. What impact will banks face?
Indian banks will see some upside on NPAs but the financial impact will not be significant
BUSINESS
Supreme Court ruling on loan moratorium case: 10 key questions answered
The Supreme Court ruled on the contentious issue of loan moratorium extension and interest waiver case on March 23. Find answers to 10 key questions on the case
BUSINESS
Banks finally get to tag bad loans as bad as SC lifts interim stay on asset classification
The SC had put a stop on the NPA clock on September 3 last year to help COVID-hit borrowers. But, this created difficulties for industry in terms of asset classification.
BUSINESS
Analysis | On loan moratorium case, SC offers an ‘Aatmanirbhar’ interest waiver solution
The cost of the interest-on-interest waiver will be far less than a total interest rate waiver. But this burden will ultimately fall on the taxpayer.
BUSINESS
Analysis | SEBI's new AT1 Bond rules no big relief for perpetual bond investors, banks
According to banking industry analysts, the market regulator has only given temporary relief to the AT1 market. Earlier the Finance ministry had written to the market regulator asking it to review the rules.
BUSINESS
RBI announces panel to evaluate applications for Universal Banks, Small Finance Banks
RBI stated that an SEAC comprising eminent persons with experience in banking, financial sector and other relevant areas, will evaluate the applications.
BUSINESS
Who said bankers can’t be artists? HDFC Bank employee’s ‘Pawri’ sketch on COVID goes viral
Rajiv Banerjee, Vice President and Vertical Head of Corporate Communication at HDFC Bank, uploaded his ‘weekend pursuit’ on LinkedIn and Facebook on March 7. Soon it went viral after Delhi DCP tweeted it.
BUSINESS
Banking Central | When will Supreme Court lift stay on NPA classification?
In the past, the RBI, the banking industry and the Finmin have warned about the likely impact of the SC stay on the banking system
BUSINESS
Srei company secretary quits, more senior-level exits likely over next few weeks
Recently, the lenders to Srei had capped the salaries of senior executives and taken over control of finances in a desperate bid to recover their dues.
BUSINESS
Households switch to ‘discretionary’ spending from ‘essentials only’, says RBI bulletin
Going forward, optimism on account of mass vaccination is expected to further boost consumption demand and work further towards restoration of the pre-pandemic spending and saving pattern, the RBI Bulletin said.
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.
