Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

Exclusive | Federal Bank open to buy out an MFI, aims 15-16% growth next fiscal year, says MD and CEO Shyam Srinivasan

BUSINESS

Exclusive | Federal Bank open to buy out an MFI, aims 15-16% growth next fiscal year, says MD and CEO Shyam Srinivasan

Federal Bank is keen to acquire a microfinance institution as part of its inorganic growth strategy, said the CEO. But, the bank hasn’t identified any firm yet

Exclusive | Srei’s lenders cap salaries of top deck, trigger senior level exits

BUSINESS

Exclusive | Srei’s lenders cap salaries of top deck, trigger senior level exits

There have been a least ten senior level exits from Srei, the troubled Kolkata-based NBFC, after the salary restrictions by banks in December.

How Kolkata-based Srei Group is caught in a bitter stand-off with its raters, creditors

BUSINESS

How Kolkata-based Srei Group is caught in a bitter stand-off with its raters, creditors

Raters cite a Delhi NCLAT ruling staying the Kolkata NCLT order for effecting downgrades. But Srei thinks raters’ action is unjust.

Banking Central | Will the government bow to trade union pressure on PSB privatisation?

BUSINESS

Banking Central | Will the government bow to trade union pressure on PSB privatisation?

The two-day bank strike announced by the bank unions is likely to be followed up by indefinite strikes, according to union leaders. The government will have to carefully make its moves.

SBI to e-auction 12 bad accounts in March: Should you participate? 10 questions answered

BUSINESS

SBI to e-auction 12 bad accounts in March: Should you participate? 10 questions answered

Bank e-auctions are a good opportunity for investors to purchase prime real estate assets. But caution is warranted on such deals

Actor Sreenivasan Interview: I have lost faith in all  parties; politicians have been looting taxpayers in Kerala

TRENDS

Actor Sreenivasan Interview: I have lost faith in all parties; politicians have been looting taxpayers in Kerala

Popular actor Sreenivasan holds forth on joining Kitex company-backed Twenty 20 in Kerala, BJP candidate Sreedharan, the Left government, upcoming Assembly elections and more.

Muthoot Group: Kerala gold loan company’s glitter marred by personal tragedies

BUSINESS

Muthoot Group: Kerala gold loan company’s glitter marred by personal tragedies

Another death has struck the Rs 56,000-crore family run business, synonymous with gold loans in Kerala. But Muthoot has long shown a penchant to fend off setbacks.

LIBOR set to go and SOFR to replace it as new benchmark: Five questions answered

BUSINESS

LIBOR set to go and SOFR to replace it as new benchmark: Five questions answered

Indian banks have slowly started migrating to SOFR, the new reference rate that will replace LIBOR from next year onwards.

Excess debit in Kotak Mahindra Bank customers’ accounts due to PSU Bank’s error

BUSINESS

Excess debit in Kotak Mahindra Bank customers’ accounts due to PSU Bank’s error

Kotak Mahindra Bank has reversed all excess debits, the bank said.

Banking Central | Why don't we have more women bank CEOs?

BUSINESS

Banking Central | Why don't we have more women bank CEOs?

For real empowerment, women should be offered equal opportunities, and not a special institution, to realise their potential.

Exclusive interview | ‘Metro Man’ E Sreedharan: BJP has the best secular credentials today; opposition parties brand it as religious

BUSINESS

Exclusive interview | ‘Metro Man’ E Sreedharan: BJP has the best secular credentials today; opposition parties brand it as religious

E Sreedharan says he never discussed the chief ministership of Kerala before joining the BJP.

Bank privatisation: Talks between unions, government draw a blank ahead of two-day strike

BUSINESS

Bank privatisation: Talks between unions, government draw a blank ahead of two-day strike

The decision to privatise two state-owned banks was announced in the Union Budget 2021. The two sides will meet again on March 9.

Super Specialty hospital, hotel, land parcels: Over 500 properties up for sale in SBI’s mega e-auction

BUSINESS

Super Specialty hospital, hotel, land parcels: Over 500 properties up for sale in SBI’s mega e-auction

SBI will conduct what it calls a mega e-auction on March 5 (Friday). Bank auction properties can offer 20-23 percent discount to market rates. But, the buyer needs to evaluate the property carefully.

Analysis | Is bank credit growth picking up pace after COVID-induced slowdown?

BUSINESS

Analysis | Is bank credit growth picking up pace after COVID-induced slowdown?

According to latest RBI data, bank credit growth that had slumped in 2019-20 and further down in 2020-21 due to COVID-19, is slowly recovering with the gradual opening up of the economy. However, the larger trend remains subdued.

NBFC licence, startup ambitions: At 70, Kerala’s most famous billionaire is planning his next big moves

BUSINESS

NBFC licence, startup ambitions: At 70, Kerala’s most famous billionaire is planning his next big moves

Kochouseph Chittilappilly, the founder of the V-Guard empire, believes Kerala’s business environment has worsened in recent years due to trade unionism and the government’s lack of support to industries.

Banking Central | PSBs and private banks: Where is the level playing field?

BUSINESS

Banking Central | PSBs and private banks: Where is the level playing field?

Unless public sector banks are given a level-playing field, the government cannot expect same operational performance from them as private banks

RBI Bulletin: India’s economic activity gaining momentum, but private investment missing

BUSINESS

RBI Bulletin: India’s economic activity gaining momentum, but private investment missing

The central bank noted that the broader measures of liquidity reflect easing of monetary and financial conditions in the system

RBI bulletin: Bank credit flow to industries, infrastructure remains a concern

BUSINESS

RBI bulletin: Bank credit flow to industries, infrastructure remains a concern

Bank credit growth to industries slowed due to the coronavirus impact but has recently picked up for agriculture and services sectors as economic activities resume, the central bank has said.

A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments?

BUSINESS

A ‘NUE’ rival for NPCI is in the making: Why does the RBI want another entity for retail payments?

The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift.

Current inflation target of 2-6% appropriate for next 5 years, says RBI report

BUSINESS

Current inflation target of 2-6% appropriate for next 5 years, says RBI report

There is speculation that the government may ask the central bank to relax inflation targets to support growth.

Nirav Modi extradition: The story so far and what it means for Indian banks

BUSINESS

Nirav Modi extradition: The story so far and what it means for Indian banks

The diamantaire's case involving PNB exposed the loopholes in the banks' risk management systems.

Finmin lets private banks participate in government business: An unfair deal for state-run lenders?

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

Explained: India inches closer to launching a digital currency; 5 key points

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.

Like a Boss: Nirmal Jain on why managements need to be open minded

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.

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