BUSINESS
Yes Bank crisis, faltering economy weigh heavily on IndusInd Bank. Can it weather the storm?
On Friday, global rating agency, Moody’s placed IndusInd Bank's domestic and foreign currency issuer ratings of Baa3/P-3 under review for downgrade. This reflects likely deterioration in asset quality in a worsening economy
BUSINESS
As curtains fall on six PSU banks, old-timers walk down the memory lane with a mix of nostalgia and grief
As six Indian public sector banks (PSBs), some of which have been in existence for over a century, ceased to exist on April 1 after their amalgamation with bigger PSBs, old timers are looking back at the halcyon days of these institutions wistfully.
BUSINESS
Exclusive: PNB expects Rs 5,000-crore fresh slippages in Q4; no lay-off post merger, says MD & CEO Mallikarjuna Rao
PNB expects about 75 percent of the fresh slippages to come from the SME (small and medium enterprises) and retail portfolios in Q4. The scenario on loan growth and future asset quality depends on how long the COVID-19 impact will be felt on the economy
BUSINESS
SBI to deduct a day’s PL encashment and salary from all employees for PM CARES Fund
These deductions will be effected immediately, the circular says. If an employee wants to opt out of the scheme, he will have to formally inform superiors.
BUSINESS
SBI’s ‘automatic’ EMI moratorium offer: Watch out for this hidden risk for borrowers
State Bank of India, India’s largest lender, was quick to offer customers an automatic deferral of EMI payments after RBI’s moratorium. But does it add value for customers?
BUSINESS
Nearly Rs 190 crore of their money stuck in PMC, RBI employee unions push for quick merger with other lenders
Officers and employees unions have suggested to RBI’s top management the names of potential suitors — Bank of India (BoI), Saraswat Cooperative bank and a few private banks — that could take over the scam-ridden Punjab and Maharashtra Cooperative Bank (PMC).
BUSINESS
Coronavirus | Banks may reactivate some inoperative Jan Dhan a/cs to facilitate govt cash transfers
Banks have been asked to look at the feasibility of reactivating some Jan Dhan accounts that have been left inoperative due to cash flow problems
BUSINESS
PSB amalgamation effective from today: Six questions on the mega merger plan
With this mega bank merger, India will have at least six big banks. However, a few questions remain.
BUSINESS
RBI clarifies on loan moratorium: Are credit card dues included, what happens after 3 months and other vital points you should know
What happens to your EMI burden? Which kinds of loans will the moratorium apply to? What about the interest component? Read on
BUSINESS
Coronavirus pandemic: RBI General Das launches COVID-19 battle; over to government to wage war
RBI’s liquidity bonanza will make sure there is no immediate cash squeeze in the system and huge spike in NPAs on account of the adverse environment. This will help to avoid short-term panic
BUSINESS
Coronavirus pandemic | RBI allows 3-month moratorium on loans: big relief to banks, borrowers
The three-month moratorium will permit banks to avoid a large onset of NPAs during the 21-day lockdown and keep their books healthy
BUSINESS
Coronavirus pandemic | RBI infuses Rs 374,000cr liquidity shot
With a total Rs 374,000 crore pumped into the system, the RBI actions will significantly help liquidity easing in the system.
BUSINESS
Coronavirus pandemic | RBI joins the COVID-19 economy rescue team a tad late, but with a big bang 0.75% rate cut
The rate cut will significantly push down end-borrower rates in the system
BUSINESS
Coronavirus pandemic | RBI Shaktikanta Das presser today: 3 likely announcements
RBI Governor Shaktikanta Das will address media at 10 AM on March 27. Here are the likely outcomes of the governor's presser
BUSINESS
Rs 1.7 lakh crore COVID-19 package: Relief for poor, but little for locked-down economy
A closer look at the details will reveal that the package is inadequate to address the larger impact of the COVID-19 fallout, especially with respect to industries.
BUSINESS
A year after IL&FS fiasco, funding channels for NBFCs ease but weaker players struggle
Funding scenario is improving for non-banking finance companies (NBFCs) both from commercial banks and money markets, as compared to the period of September, 2018 and early 2019, industry observers say.
BUSINESS
Budget 2020: Indian banks, facing a trust deficit, just got a shot in the arm with higher deposit insurance cover
Small depositors are adequately covered in terms of insurance cover. The problem, however, is that in terms of quantum of deposits, percentage of deposits less than Rs 1 lakh is only 7.8 percent of the deposit base.
BUSINESS
Budget 2020: India’s struggling middle-class wanted a cash bonanza, not a tax googly
At a time when the economy is fighting a huge demand slump, Sitharaman should have put money in the hands of people to stimulate demand. That was missing in the budget.
BUSINESS
Economic Survey 2020: Subramanian takes on Subramanian for questioning India’s GDP numbers
In the economic survey 2020, Chief Economic Adviser Krishnamurthy Subramanian has strongly countered former CEA, Arvind Subramanian's questions on the accuracy of Indian GDP numbers.
BUSINESS
‘Make In India’ seems to have been forgotten; what the government can do to fix it
For Make in India to succeed, the big challenge for the government will be to revive private investments.
BUSINESS
Do India’s public sector bank employees deserve a 20% pay hike?
Wage disparity between the public and private sector bank employees have been longstanding problem. Isn't it high time the government addressed this?
BUSINESS
Kapil Wadhawan and DHFL: Pushed into the deep sea with no land in sight
DHFL’s collapse is an important case study on how promoters can destroy even successful businesses by growing too big and too fast.
BUSINESS
Why have Indian banks stopped lending to students?
The trend of rising bad assets from student debts is not unique to Indian market.
BUSINESS
RBI’s regulation and supervision rejig in jeopardy as Jan 31 deadline for officers nears
RBI facing manpower issues for regulation and supervision is bad news for the banking industry at a time country’s institutions are hit by a number of fraudulent transactions.
