Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

RBI sets average base lending rate for NBFC-MFIs at 7.81% for April-June quarter

BUSINESS

RBI sets average base lending rate for NBFC-MFIs at 7.81% for April-June quarter

Base rate is a minimum rate at which lending institutions can give loans. But they typically charge other components above the base rate to arrive at the final lending rate.

HDFC Bank says technical glitch resolved but why is the problem recurring?

BUSINESS

HDFC Bank says technical glitch resolved but why is the problem recurring?

Over the last few years, many banks have reported recurring technical glitches in their digital channels.

HDFC Bank says some customers unable to use their netbanking accounts, working on quick resolution

BUSINESS

HDFC Bank says some customers unable to use their netbanking accounts, working on quick resolution

Late last year too, HDFC Bank had reported problems in its digital channels inviting RBI's attention

Assam minister promises loan waiver; lenders brace for hit on credit culture

BUSINESS

Assam minister promises loan waiver; lenders brace for hit on credit culture

Loan waivers have impacted the credit culture of borrowers in the past leading to high NPAs.

Thrissur Pooram is back | The story behind Kerala’s festival of jumbos, ‘Chenda melam’ and fireworks

INDIA

Thrissur Pooram is back | The story behind Kerala’s festival of jumbos, ‘Chenda melam’ and fireworks

Thrissur Pooram is an emotion and a symbol of the secular culture and hope for locals — something to wait for every year. A place where both the rich and poor would stand shoulder-to-shoulder and enjoy the energy of festivities. This year, however, the extravaganza will be absent.

Banking Central | Dear RBI, don’t delay PMC Bank resolution any further

BUSINESS

Banking Central | Dear RBI, don’t delay PMC Bank resolution any further

Cooperative Bank customers deserve the same regulatory treatment as those of a commercial bank

PMC Bank depositors may have to wait for more time for resolution, talks with suitors on, says RBI

BUSINESS

PMC Bank depositors may have to wait for more time for resolution, talks with suitors on, says RBI

The RBI had superseded PMC Bank board in September, 2019 and appointed an administrator to take care of daily operations of the lender.

KC Chakrabarty: A fearless central banker who loved blunt talk and never hesitated to question the central bank

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

KC Chakrabarty, veteran banker and outspoken critic of flaws in Indian financial system, passes away aged 68

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.

Exclusive | Yes Bank AT1 bondholders move Bombay HC seeking Rs 160 crore interim relief from bank

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.

RBI governor signals more focus on digital lenders, fintech companies

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.

RBI flags concerns on cryptocurrencies to government, work in progress for CBDC, says governor Shaktikanta Das

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.

NPA clock ticks again after SC lifts stay; IBC back in action from today. What impact will banks face?

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

Supreme Court ruling on loan moratorium case: 10 key questions answered

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

Banks finally get to tag bad loans as bad as SC lifts interim stay on asset classification

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.

Analysis | On loan moratorium case, SC offers an ‘Aatmanirbhar’ interest waiver solution

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.

Analysis | SEBI's new AT1 Bond rules no big relief for perpetual bond investors, banks

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.

RBI announces panel  to evaluate  applications for Universal Banks, Small Finance Banks

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.

Who said bankers can’t be artists? HDFC Bank employee’s ‘Pawri’ sketch on COVID goes viral

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.

Banking Central | When will Supreme Court lift stay on NPA classification?

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

Srei company secretary quits, more senior-level exits likely over next few weeks

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.

Households switch to ‘discretionary’ spending from ‘essentials only’, says RBI bulletin

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.

There is a restless urgency in the air in India to resume high growth, says RBI bulletin

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.

Sebi circular on AT1 bonds: A double whammy for PSU banks?

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.

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