BUSINESS
Bank credit growth shows some pick-up, can it sustain?
For the fiscal year so far, bank credit has grown by 3.2 per cent as against 2.7 per cent in the comparable period in the previous year. In the last fortnight alone, bank credit grew by Rs 1.6 lakh crore.
BUSINESS
Piramal emerges as preferred bidder for DHFL after voting by lenders
An announcement is expected soon. The Committee of Creditors will meet early next week to issue the Letter of Intent to the Piramal Group.
BUSINESS
Abundant liquidity, record low rates help lenders go big in home loan market
In recent weeks, banks, including State Bank of India, have come up with a flurry of offers such as concession for women borrowers, additional concession through digital channels and processing fee waivers and so on.
BUSINESS
RBI constitutes working group on digital lending
The working group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.
BUSINESS
What lies ahead for Assam microlenders?
Microlenders operating in Assam may face an impasse following the enactment of a recent state law
BUSINESS
Does a sharp fall in December CPI inflation mean rate cut is imminent?
High inflation has been a worry for MPC. But, any immediate change in the MPC’s monetary stance looks unlikely
BUSINESS
DHFL’s NCD holders want a bigger pie
63 Moons, one of the NCD holders, has moved a petition with NCLT and is grouping other NCD holders before the next hearing.
BUSINESS
Analysis | Financial Stability Report: How worrying is RBI’s bad loan projection?
RBI’s warning on spike in Gross NPAs to 14.8 percent of total loans is a worst-case scenario. That may not necessarily happen if the economy picks up
BUSINESS
Invest more in IT platforms to fortify public confidence in digital transactions, RBI governor tells banks
The RBI governor’s comment is significant in the context of major digital outages reported by some of the big banks such as HDFC Bank and State Bank of India in the recent past.
BUSINESS
DHFL bidding war nears climax; Piramal makes a strong pitch for the mortgage firm
In a statement on Monday, Piramal listed ten things to argue that its bid has a clear upper hand over Oaktree
BUSINESS
Banking Central | Lenders should practise what they preach on customer protection
Unless lending institutions keep a strict check on recovery agents, customer fairness will remain on paper
BUSINESS
Why bank lending doesn’t always lead to higher investments
Companies which borrow from more liquid banks invest more, shows RBI paper. Else, companies use the money to meet liabilities.
BUSINESS
Piramal Group launches blistering attack against Oaktree bid for DHFL
Piramal Group contests Oaktree's bid for DHFL, strongly objects to at least five claims made by the US asset management company in its bid for DHFL.
BUSINESS
Assam Microfinance Bill Might bring back ghosts of decade-old AP Act
Certain provisions of the Assam Microfinance Institutions (Regulation of Moneylending) Bill, 2020, are a repeat of the 2010 Andhra Pradesh Microfinance Bill, industry officials say. These rules could potentially harm the sector.
BUSINESS
India’s big co-operative banks facing trust-deficit; struggle to survive
Since 2003, 385 UCBs have had their licences cancelled or withdrawn, or have been merged with stronger ones, the RBI data shows.
SECTOR
Union budget 2021: Creation of bad bank, additional demand stimulus measures key for banking sector
Bank credit growth remains depressingly slow due to poor demand in the economy and erosion in consumer confidence.
BUSINESS
Explained | What does private banks’ quarterly business update data tell us?
The demand for loans is a direct function of the economic activity on the ground. The good news is that even at a tough phase, smaller private banks have managed to come with a healthy set of numbers.
BUSINESS
Banking Central | RBI is accountable for its failures
In the last few years, multiple cases have exposed the weak links in RBI's supervision of private financial institutions. The regulator needs to be made answerable for its failures as well.
BUSINESS
RBI launches Digital payments index to track transactions
The RBI-DPI comprises five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods.
BUSINESS
DHFL may get a new owner by January-end; advantage Piramals due to ‘local’ factor
CoC meeting underway to decide the winner as Piramals and Oaktree submit almost at par bids.
BUSINESS
What’s in store for banks in 2021? A better year for sure, but COVID-19 scars will remain
Bankers and analysts believe retail NPAs rather than corporate bad loans will be a headache. Also, credit growth has to pick up if there is to be a meaningful recovery for the sector. With a full-fledged economic revival still some way off, some amount of pain will carry on into the next year.
BUSINESS
Loans worth Rs 8 lakh crore written off by Indian banks in the last decade
In its latest Trend and Progress report, the RBI said that the decline in gross NPAs in the banking system was largely aided by loan write-offs.
BUSINESS
HDFC Bank proposes Atanu Chakraborty as next part-time chairperson
The bank has sent Chakraborty's name to the RBI and is awaiting the central bank’s clearance before a formal announcement. This could happen by early next month.
BUSINESS
'If it ain't broke, don't fix it': RBI working paper says 4% inflation target is good for India
Recently there were speculations that the government could ask the MPC to loosen the inflation target to facilitate a growth supportive policy.
