BUSINESS
In 2020, RBI has put 44 co-operative banks under watch. How deep is the rot?
In April alone, the RBI acted on nine co-operative banks. This included the cancellation of licence of Mapusa. The RBI found that the bank did not have adequate capital and earning prospects and its continuance would be prejudicial to the interests of its depositors.
BUSINESS
HDFC Bank boss Aditya Puri's record as India's longest-serving bank CEO likely to be unbroken
The nearest contender to break Puri’s record is Kotak Mahindra Bank’s promoter and CEO, Udaky Kotak, who has completed 17 years as bank chief. Kotak is the chief executive of the bank since 2004.
BUSINESS
Aditya Puri's pay versus Rajnish Kumar’s pay: An old debate in Indian banking resurfaces
The huge disparity in the compensation packages between public sectors bankers and their private sector counterparts is nothing new. It is now back in the limelight due to the SBI chairman’s comments, but is there much to it?
BUSINESS
What does RBI’s proposed CEO term rule mean for incumbent private bank bosses such as Uday Kotak?
The RBI has proposed to limit the tenure of the promoters of the bank as Chief Executive Officers and Whole Time Directors to ten years if the person is from the promoter group and 15 years if from the non-promoters.
BUSINESS
Do public sector bank employees deserve better pay?
Private sector banks reward employees based on performance linked compensation models specific to individual institutions. As against this, traditionally, salary of a PSB employee is decided through negotiations between the IBA (Indian Banks Association) and trade unions negotiations once in every five years.
BUSINESS
Why the Hindujas’ demand to raise stake in IndusInd Bank will cut no ice with RBI despite Kotak truce
The settlement of the dispute between Kotak Mahindra Bank and RBI over promoter shareholding limit has put the spotlight on such large shareholders of other private lenders, especially the Hindujas of IndusInd Bank
BUSINESS
S&P rating affirmation gives only breathing space to Indian policymakers
A second successive downgrade in a week could have had catastrophic effect on the already down investor sentiments, would have weighed on stock markets eroding massive investor wealth and would have certainly added pressure on the policymakers who are desperately trying to address the chaotic economic conditions severely impacted by the onslaught of COVID-19.
BUSINESS
It's curtains to 7-year-long court drama as Madhu Kapur family buries the hatchet with Yes Bank
There are no winners or losers in the prolonged tug of war for power and money in Yes Bank between Kapurs and Kapoors.
BUSINESS
Lukewarm response to MSME scheme: Government wants bankers to be more aggressive
The Finance Ministry on June 9 did a review of the scheme's progress so far in a meeting with senior bank officials.
BUSINESS
RBI wants to give a makeover to India's loan securitisation market: What does this mean for banks?
The central bank wants to make a liquid secondary market for sale of loan assets. With the proposed relaxations, banks can make some money, if they so want, by selling the loan portfolios to willing buyers at a discount which can be sold again.
BUSINESS
A PSU banker’s dilemma: Ready to lend, but where are the takers?
It isn’t just SBI Chairman Rajnish Kumar. This view is shared by many officials in sate-run banks who are under pressure to lend to support economic revival but are unable to do so.
BUSINESS
Govt yet to put in place SPV structure for Rs 30,000-crore NBFC liquidity scheme
Almost a month after the announcement, the government is yet to announce the details of setting up the SPV. “This was supposed to be an emergency facility for NBFCs. The scheme will have to be operationalised at the earliest,” said an NBFC industry official.
BUSINESS
Why RBI policy is now a non-event for the common man
As of April 24 (the most recent data available), non-food credit growth on a y-o-y basis was at 6.5 percent on May 8, 2020, lower than 7.2 per cent on April 10, 2020.
BUSINESS
RBI MPC minutes: Here's why Chetan Ghate did not favour a bigger rate cut
The MPC ultimately settled for a 40 bps rate cut as part of the monetary policy measures to combat the COVID-19 impact.
BUSINESS
How prepared is State Bank of India to counter COVID-19 impact?
The real impact of lockdown on SBI's loan books will be visible only in the second quarter when repayments are scheduled to resume.
BUSINESS
Vijay Mallya saga: Can banks still manage to eke out sizeable recoveries?
Since Mallya's real estate assets, which include a Mumbai office property, his cars and other personal belongings won't fetch much, banks are pinning their hopes on acquiring Mallya's stake holding in United Spirits and United Breweries.
BUSINESS
View: Supreme Court shouldn't meddle with loan moratorium
The RBI’s decision to allow deferral of EMIs should be seen as putting on hold repayments in a crisis and not as a loan waiver.
BUSINESS
Will give emergency credit but first pay up earlier dues, some banks tell MSMEs
The condition defeats the purpose of the emergency loan as the govt launched this for immediate cash support of MSMEs to tide over the COVID-19 crisis and not for repayment of earlier dues.
BUSINESS
PSU banks go into overdrive to make Rs 3 lakh crore MSME loan scheme a success
PSU banks are under pressure to make the scheme a success since this is one of the key items in the government’s Rs 20 lakh crore economic package. Banks are finding it hard to reach out to the customers on account of the present lockdown.
BUSINESS
Why these are bad times for an average saver
Equity markets are too risky, mutual funds are fighting a trust deficit post the infamous Franklin Templeton episode, and real estate and gold-- two other traditional safer assets - aren’t attractive from a return perspective. In short, there aren’t many options.
BUSINESS
Exclusive | Government must create an enabling environment to encourage private participation in infra sector: Hemant Kanoria
In an exclusive interview with Moneycontrol, Hemant Kanoria, Chairman, Srei Infrastructure Finance, talks about a range of issues, including the reasons behind Srei's change in strategy and other industry issues.
BUSINESS
Moody’s India rating downgrade: Why Modi government shouldn’t miss warning signals
In the absence of fiscal steps and reforms, the growth scenario is likely to worsen, logically leading to more rating actions and economic distress.
BUSINESS
What does Moody’s rating downgrade reveal about the economy? Hint: COVID-19 is not the villain
Speculations were rife about an impending rating downgrade with India’s economy taking a severe hit due to the COVID-19 outbreak, the government’s fiscal calculations going wrong due to major revenue loss and weakening economic conditions. So, what’s worrying Moody’s with respect to the Indian economy?
BUSINESS
Exclusive | IDBI Bank looking to raise capital this fiscal: Suresh Khatanhar, DMD
"IDBI Bank is back in the black and hopes to be out of Reserve Bank of India's PCA framework soon," Khatanhar told Moneycontrol.
