Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

If you default on one loan, your other borrowings from the same bank too may become NPAs

BUSINESS

If you default on one loan, your other borrowings from the same bank too may become NPAs

This is because the Reserve Bank of India rules require banks to follow NPA classification at a borrower level and not at a product level.

RBI unveils stricter norms for banks to bolster grievance redress mechanism

BUSINESS

RBI unveils stricter norms for banks to bolster grievance redress mechanism

The new framework mandates banks to have enhanced disclosures on complaints. Also, it talks about recovery of the cost of redress of maintainable complaints from the banks against whom the number of complaints received in the Offices of Banking Ombudsman (OBOs) are in excess of their peer group averages.

Budget 2021: Will 'bad bank' take off this time? 5 reasons why the timing could be just right

BUSINESS

Budget 2021: Will 'bad bank' take off this time? 5 reasons why the timing could be just right

The idea of a government-funded bad bank didn’t appeal to many before. But, the rising stress in the banking system, after COVID-19, calls for an effective resolution mechanism. A bad bank could make sense now

Dhanlaxmi shareholders approve Shivan JK’s appointment as next CEO

BUSINESS

Dhanlaxmi shareholders approve Shivan JK’s appointment as next CEO

In September 2019, shareholders ousted former CEO Sunil Gurbaxani.

Banking Central | What does RBI want to do with NBFC industry?

BUSINESS

Banking Central | What does RBI want to do with NBFC industry?

The big NBFCs are fast losing the regulatory arbitrage they have enjoyed so far. For smaller ones, the Net Owned Funds (NoF) requirement will be too big a hurdle to cross

Assam Microfinance Bill may give a bigger jolt to banks than pure-play MFIs

BUSINESS

Assam Microfinance Bill may give a bigger jolt to banks than pure-play MFIs

Bandhan Bank is among the banks which have felt the heat of the Assam Microfinance Bill. In the third quarter, Bandhan’s proforma gross non-performing assets grew to 7.12 percent, a good chunk of which has come from delayed microloan payments.

RBI discussion paper proposes tighter rules for big NBFCs

BUSINESS

RBI discussion paper proposes tighter rules for big NBFCs

The RBI discussion paper has proposed a multiple layer structure to categorise NBFCs

Lenders step up efforts to recover dues from Sambandh, MFIN terminates membership

BUSINESS

Lenders step up efforts to recover dues from Sambandh, MFIN terminates membership

MFIN has terminated the membership of the fraud-hit microlender accused of creating fake loan accounts.

Analysis | Bandhan Bank shows pressure on asset quality front

BUSINESS

Analysis | Bandhan Bank shows pressure on asset quality front

Excluding the impact of the Supreme Court order, GNPAs have shot up to 7.12 percent in Q3.

India must find ways to kickstart investment: RBI says ahead of Union budget

BUSINESS

India must find ways to kickstart investment: RBI says ahead of Union budget

The RBI said recent shifts in the macroeconomic landscape have brightened the outlook

Analysis | SC ruling on IBC augurs well for bad loans-hit banks

BUSINESS

Analysis | SC ruling on IBC augurs well for bad loans-hit banks

Potential acquirers don’t need to worry now about criminal proceedings post resolution

CSB Q3 results show asset quality woes; high reliance on gold continues

BUSINESS

CSB Q3 results show asset quality woes; high reliance on gold continues

Private lender CSB Bank has seen a rise in its actual bad loans if one exclude the impact of the Supreme Court order.

SBI, HDFC Bank and ICICI Bank in 2020 list of 'too-big-to-fail' lenders, says RBI

BUSINESS

SBI, HDFC Bank and ICICI Bank in 2020 list of 'too-big-to-fail' lenders, says RBI

'Too-big-to-fail' lenders are banks whose failure could impact the financial system as a whole because of their size and interconnectedness. This list is published every year.

HDFC Bank plans two-pronged approach to fix digital outage

BUSINESS

HDFC Bank plans two-pronged approach to fix digital outage

HDFC Bank will implement a short-term plan in 10-12 weeks and work on long-term solutions thereafter that could take 12-18 months.

Banking Central: Now that DHFL bidding war is over what awaits various stakeholders?

BUSINESS

Banking Central: Now that DHFL bidding war is over what awaits various stakeholders?

DHFL’s creditors will get around one-third of what they lent to the company but something is always better than nothing.

Analysis | HDFC Bank presents a good set of Q3 numbers but asset quality pressure visible

BUSINESS

Analysis | HDFC Bank presents a good set of Q3 numbers but asset quality pressure visible

The gap between gross NPAs reported and proforma GNPAs is 57 bps.

RBI open to idea of ‘bad bank’ if there is a proposal, says Governor Shaktikanta Das

BUSINESS

RBI open to idea of ‘bad bank’ if there is a proposal, says Governor Shaktikanta Das

Das said the idea of bad bank has been under discussion for a long time.

RBI governor Shaktikanta Das calls for stronger governance structure in banks, NBFCs

BUSINESS

RBI governor Shaktikanta Das calls for stronger governance structure in banks, NBFCs

Das said economic recovery is visible and banks need to support the recovery

Bank credit growth shows some pick-up, can it sustain?

BUSINESS

Bank credit growth shows some pick-up, can it sustain?

For the fiscal year so far, bank credit has grown by 3.2 per cent as against 2.7 per cent in the comparable period in the previous year. In the last fortnight alone, bank credit grew by Rs 1.6 lakh crore.

Piramal emerges as preferred bidder for DHFL after voting by lenders

BUSINESS

Piramal emerges as preferred bidder for DHFL after voting by lenders

An announcement is expected soon. The Committee of Creditors will meet early next week to issue the Letter of Intent to the Piramal Group.

Abundant liquidity, record low rates help lenders go big in home loan market

BUSINESS

Abundant liquidity, record low rates help lenders go big in home loan market

In recent weeks, banks, including State Bank of India, have come up with a flurry of offers such as concession for women borrowers, additional concession through digital channels and processing fee waivers and so on.

RBI constitutes working group on digital lending

BUSINESS

RBI constitutes working group on digital lending

The working group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.

What lies ahead for Assam microlenders?

BUSINESS

What lies ahead for Assam microlenders?

Microlenders operating in Assam may face an impasse following the enactment of a recent state law

Does a sharp fall in December CPI inflation mean rate cut is imminent?

BUSINESS

Does a sharp fall in December CPI inflation mean rate cut is imminent?

High inflation has been a worry for MPC. But, any immediate change in the MPC’s monetary stance looks unlikely

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