Dinesh Unnikrishnan

Deputy Editor

Moneycontrol

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.

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.

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

'If it ain't broke, don't fix it': RBI working paper says 4% inflation target is good for India

BUSINESS

'If it ain't broke, don't fix it': RBI working paper says 4% inflation target is good for India

Recently there were speculations that the government could ask the MPC to loosen the inflation target to facilitate a growth supportive policy.

RBI cancels licence of Karad Janata Bank, more than 99% of depositors to get full payment back under DICGC

BUSINESS

RBI cancels licence of Karad Janata Bank, more than 99% of depositors to get full payment back under DICGC

More than 99 per cent of the depositors of Karad Janata Sahakari Bank will get full payment of their deposits from DICGC, the RBI said.

Is MPC's 'accommodative' stance losing its meaning amid high inflation?: 5 key takeaways on RBI’s growth-inflation conundrum

BUSINESS

Is MPC's 'accommodative' stance losing its meaning amid high inflation?: 5 key takeaways on RBI’s growth-inflation conundrum

The MPC has noted that inflation risks remain high. The high inflation projections, seen along with the promise of continuing 'accommodative stance' is bit perplexing.

HDFC Bank's digital outages: 7 key takeaways from RBI action

BUSINESS

HDFC Bank's digital outages: 7 key takeaways from RBI action

RBI action on HDFC Bank raises many questions such as why the frequent technical snags, what can the bank and regulator do to overcome these issues, and can new tech-savvy customers rely on digital banking for important transactions?

Explained | Why are short-term rates crashing?

BUSINESS

Explained | Why are short-term rates crashing?

Excess liquidity, fears of delayed recovery and rate cut hopes have sunk short-term rates.

Prominent bank employee union opposes plan to give licences to corporates; says RBI group suggestions retrograde

BUSINESS

Prominent bank employee union opposes plan to give licences to corporates; says RBI group suggestions retrograde

The RBI working group, which submitted its proposals last week, also recommended increasing the promoter holding limit in private banks to 26 percent from 15 per cent currently and a cap of 15 per cent for non-promoter shareholders.

NBFCs cautious on RBI working group proposals on banking entry

BUSINESS

NBFCs cautious on RBI working group proposals on banking entry

There are many NBFCs that do not want to become banks.

Banking Central | How many big NBFCs would want to become banks?

BUSINESS

Banking Central | How many big NBFCs would want to become banks?

The RBI wants systemically important NBFCs to choose one of the two options--either become a bank or cut down their network externalities

SBI’s asset quality numbers warrant a closer look

BUSINESS

SBI’s asset quality numbers warrant a closer look

In the past, SBI had guided that it is 'asymptomatic' to the Covid-impact. Clearly, it is not.

ICICI Bank Q2 results: 10 key takeaways from the numbers and what lies ahead

BUSINESS

ICICI Bank Q2 results: 10 key takeaways from the numbers and what lies ahead

ICICI Bank says collection efficiency is back to pre-COVID levels.

Axis Bank Q2: What is the actual level of stress? Wait till December to know

BUSINESS

Axis Bank Q2: What is the actual level of stress? Wait till December to know

Axis Bank has been aggressive in making provisions on potential NPA losses. That’s a comfort for investors but the quantum of loans that will ultimately go for restructuring and performance of low-rated exposure will be key.

Kotak Mahindra Bank Q2: Pressure on asset quality evident as uncertainty caused by Covid continues

BUSINESS

Kotak Mahindra Bank Q2: Pressure on asset quality evident as uncertainty caused by Covid continues

Kotak Bank’s reported gross non-performing assets at the end of September 30, stood at 2.55 percent as against 2.32 per cent in the year-ago quarter

Banking Central | Does a Kotak-IndusInd marriage make sense?

BUSINESS

Banking Central | Does a Kotak-IndusInd marriage make sense?

Kotak Mahindra Bank may benefit in the long term by acquiring IndusInd but any bank merger comes with prolonged integration issues. Is this the right time?

No rate cut, but the new MPC bets big on growth, looks past COVID-19

BUSINESS

No rate cut, but the new MPC bets big on growth, looks past COVID-19

The liquidity measures announced will further improve the liquidity conditions enabling banks, NBFCs to push lending further. But, these measures will help only when there is a pick-up in demand scenario.

Seeing limited enquiries for corporate restructuring so far, says newly appointed SBI Chairman Khara

BUSINESS

Seeing limited enquiries for corporate restructuring so far, says newly appointed SBI Chairman Khara

With respect to the capital requirement, Khara said the bank’s current capital adequacy position is comfortable.

Explained | CARE rating action puts spotlight on stress on Shapoorji Pallonji’s cash flows

BUSINESS

Explained | CARE rating action puts spotlight on stress on Shapoorji Pallonji’s cash flows

Timely resolution of ongoing dispute with Tata Sons Private Limited will be critical for SPCPL, says CARE.

NBFC-MFI loan disbursements plummet during COVID; industry hopeful of early recovery

BUSINESS

NBFC-MFI loan disbursements plummet during COVID; industry hopeful of early recovery

MFIs are institutions that borrow from banks and lend to small borrowers at a margin. The COVID lockdown had severely impacted the operations of these institutions as collection process took a hit.

Another US-based law firm Pomerantz announces class action suit against HDFC Bank on ‘false and misleading’ statements about its business

BUSINESS

Another US-based law firm Pomerantz announces class action suit against HDFC Bank on ‘false and misleading’ statements about its business

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Bank's business, operational and compliance policies. HDFC Bank had inadequate disclosure controls and procedures and internal control over financial reporting, it said.

Rosen Law, Schall file class-action suits against HDFC Bank in US, allege lack of disclosure

BUSINESS

Rosen Law, Schall file class-action suits against HDFC Bank in US, allege lack of disclosure

The lawsuits have been filed in the US District Court Eastern District of New York and names HDFC Bank’s outgoing managing director Aditya Puri and CEO-designate Sashidhar Jagdishan along with other officials.

Is the Banking Regulation (Amendment) Bill a panacea to co-operative banking mess?

BUSINESS

Is the Banking Regulation (Amendment) Bill a panacea to co-operative banking mess?

While more powers to RBI is good news for UCBs, questions arise on why rural co-operative banks have been left out of the regulatory overhaul.

PMC Bank crisis one year on: No resolution in sight yet

BUSINESS

PMC Bank crisis one year on: No resolution in sight yet

During investigations, it was found that the bank had been allegedly running fraudulent transactions for several years to facilitate lending to HDIL through fictitious accounts and violating single-party lending rules.

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