BUSINESS
Finmin lets private banks participate in government business: An unfair deal for state-run lenders?
Private Banks have welcomed the step but PSBs say the decision is unfair as they carry the burden of social banking
BUSINESS
Explained: India inches closer to launching a digital currency; 5 key points
The RBI has indicated that it is working on a digital currency, but the central bank hasn’t committed on a launch date yet.
BUSINESS
Like a Boss: Nirmal Jain on why managements need to be open minded
Nirmal Jain, founder of IIFL, finds inspiration from the fascinating success stories of Amazon and Flipkart and loves to read George Orwell and Benjamin Graham.
BUSINESS
Explained: Is the Indian bond market spooking equity investors?
Ever since the government announced the huge borrowing plan, bond yields are moving up. Can the Reserve Bank of India (RBI) calm nerves?
BUSINESS
MPC Minutes: Did the panel just signal a delayed growth recovery, longer rate pause?
MPC minutes show that all members continued on the same stance to support growth, ignoring the near-term inflation worries.
BUSINESS
Banking Central: Can Indian co-operative banks regain customer trust?
RBI crackdown on co-operative banks continues with two banks facing action so far this year for worsening financials. But will this deter customers from parking their life savings in co-operatives? Read on to know
BUSINESS
RBI puts Rs 1,000 withdrawal cap on Deccan Urban Co-op Bank; fresh loans, deposits restricted
The RBI has been cracking down on weak co-operative banks over the last few years. In 2020, the RBI cancelled permits of three co-operative banks and imposed restrictions on several other banks.
BUSINESS
PSB privatisation: Can government outfox India’s powerful trade unions?
Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.
BUSINESS
Explained | RBI rules on Housing Finance Companies: 10 key questions answered
The RBI has issued a master circular to bring into effect comprehensive rules announced last October to bring HFCs under closer scrutiny. The rules aim to safeguard the interest of investors and depositors.
BUSINESS
Citibank just sent some lenders $900 million by mistake. What happens if you commit such a colossal gaffe?
What if you transfer money to the wrong beneficiary? More importantly, what should you do if you receive an amount by accident from someone? Here is what bankers say
BUSINESS
Will NBFCs be allowed to transfer stressed assets to proposed Bad Bank?
Transferring bad loans to an ARC is only the last option for a lender. That happens at a deep discount, which may not attract NBFCs.
BUSINESS
Crisil says NBFC stressed assets may hit Rs 1.5-1.8 lakh crore by end of FY21
However, the one-time COVID-19 restructuring window, and the micro, small and medium enterprises (MSME) restructuring scheme offered by the Reserve Bank of India (RBI) will limit the reported gross non-performing assets (GNPAs).
BUSINESS
Analysis | PSB privatisation: Will there be takers for NPA-ridden government banks?
Most of the mid-sized government banks have high bad loans on the books, making it a risky bet for potential acquirers. But building a bad bank can change the scenario.
BUSINESS
Banking Central: Do India’s top bankers, regulators really retire?
It is learned that former SBI Chairman Rajnish Kumar has received a NoC (no-objection certificate) from the Government of India to get an exemption from the one-year cooling off rule.
BUSINESS
How Rajnish Kumar landed a job at Kotak within 4 months of retiring as SBI chief
Government rules prohibit retired PSU bank chairmen from joining other companies within a year of retirement.
BUSINESS
Explainer| Will falling CPI inflation push the MPC for an early rate cut?
The CPI inflation has fallen within the central bank’s comfort zone in last the two months.
BUSINESS
Five reasons why Indian billionaires are hurrying to buy NBFCs amid a pandemic
Till 2018, NBFC space was a booming business. The perception changed post the IL&FS collapse.
BUSINESS
SBI home loans: With Its aggressive bet on home loans, the elephant is dancing once again
Amid tight industry competition and pandemic, SBI has taken an aggressive position in fresh retail business acquisition. It has been a consistent performer operating within the constraints of Government ownership
BUSINESS
New RBI rules: Banks may lose edge in MFI business
The proposed uniform regulations for all types of lenders in microfinance space will be positive for NBFC-MFIs and negative for banks
BUSINESS
Explained | Why RBI is buying bonds worth Rs 20,000 crore and other questions answered
The RBI needs to keep the bond market happy and yields within a limit so that the government’s Rs 12.06 lakh crore borrowing plan has a smooth run.
BUSINESS
Banking Central: Another farm loan waiver, another jolt to the taxpayer
Loan waivers have damaged the credit discipline and resulted in a spike in loan defaults over the years
BUSINESS
RBI issues diktat to officials to prevent leaks and stick to official position
Internal circular issued asking officers not to talk to the press after reports of RBI planning another demonetisation. The RBI had denied these reports.
BUSINESS
Exclusive interview | HDFC Bank doesn’t expect wholesale NPAs to deviate from past trend, says wholesale banking head
Rahul Shukla says the concept of bad bank is very good and it is good that the proposed bad bank is not being funded by public money.
BUSINESS
PMC Bank gets three final bids; evaluation to decide winner underway, says RBI Governor Shaktikanta Das
PMC Bank was superseded by the RBI in September 2019 due to poor finances and major corporate governance violations.
