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.
BUSINESS
Banks and NBFCs begin tug of war on extension of loan moratorium scheme
Through informal communications, many banks have conveyed to NBFCs and micro lenders that they aren’t in favour of extending the moratorium, said at least three NBFC industry officials
BUSINESS
Loan moratorium extension: Is it a trap or an opportunity?
You are the best judge to decide whether this offer makes sense for you or not. If you are someone with enough cash flows, it is better to continue with regular payments. If you are looking to generate some liquidity for near term use, loan moratorium makes sense for you. It’s a call you need to take.
BUSINESS
End of an era as Kapurs step down as Yes Bank promoters
With Kapurs’ choosing to step back as YES Bank promoters, an era is over at Yes Bank. Yes Bank was co-founded in 2004 by Ashok Kapur and Rana Kapoor with Ashok as chairman and Rana as managing director and CEO.
BUSINESS
Decoding GDP data: India’s economy suffered a double whammy last fiscal and the worst is yet to come
The Gross Fixed Capital Formation (GFCF), which is a major indicator that shows investment activity on the ground, contracted by 2.8 percent in FY2020 as against a growth of 9.8 percent in the previous fiscal year
BUSINESS
Reviving Jet Airways: Long list of suitors surprises. But the big question remains
The list includes a few known, and some unknown names, and even an airline
BUSINESS
Q4 GDP data today: Why does the growth number matter to us?
Theoretically, the lockdown impacted the economy only in the last week of March. But, in reality much of the normal course of business had slowed down days before the nationwide lockdown came into effect. This is because people movement declined significantly much before the lockdown.
BUSINESS
Two reasons why India’s cash-starved govt banks need urgent capital support now
If the govt wants PSBs to shoulder the burden of the economic package execution, simultaneously fighting the COVID-19 uncertainty, it needs to fill their capital void. Else, it needs to prepare a plan to get out of government ownership in these banks and let private players run the show.
