BANKING
IIFL Finance to reorient its gold loan business
From a pure retail product, the lender is in the process of transitioning it into a SME-lending product
BUSINESS
Vault matters: Government should give a free hand to RBI on rate setting
The debate over optimal borrowing rates for India Inc. persists, with differing views between the government and the RBI. While rate cuts are popular, the stress in retail lending and bank profitability make them less feasible, with the RBI ultimately having the final say
BUSINESS
Govt's rate cut clamour grows as RBI governor's term nears end
Speaking at SBI’s Economic Conclave on Monday, Finance Minister Nirmala Sitharaman made a case for a rate cut by the Reserve Bank of India. Earlier last week, Commerce minister Piyush Goyal at CNBC TV18’s event also pitched for a reduction in the repo rate.
COMPANIES
Deloitte draws attention to Fusion Finance’s ability to continue as a going concern
According to its limited review report for September FY25 quarter, the company has breached various financial covenants resulting in some borrowings becoming repayable on demand
BUSINESS
Vault Matters: Government-RBI tussle over interest rate begins. Will it prolong?
With the base case for a rate cut not yet crystallising, the tug of war between RBI and the government on this front would be interesting to note. Goyal, has just as kick-started the war of words
BUSINESS
Home-grown companies understand Indian consumers better than foreign players: HDFC Life MD Vibha Padalkar
In an exclusive interview to Moneycontrol, Padalkar says HDFC Life may not expand into health insurance at this juncture
BUSINESS
Would be nirvana to have all regulatory changes at start of the year: HDFC Life MD & CEO
Vibha Padalkar says she's confident that HDFC Life’s margins, In the medium-term, should stabilise and further expand
COMPANIES
Binding bids for KKR-backed Avendus Capital likely soon
Efforts for a management buyout led by one of the promoters seems to have hit a wall, according to sources
BUSINESS
Vault Matters: The partial stand on usurious pricing
It’s time RBI calls out the rates charged by banks on credit cards as usurious. Singapore is a step ahead on this. Timely action is critical because the repercussions of increasing delinquencies among middle class borrowers can be far more scathing than what’s playing out in the low income category. The latter somehow or other gets support from the government. The middle class is left on its own
BUSINESS
India will be economically important for the rest of the world, says KV Kamath
China plus one strategy, the outcome of the US presidential election to a possible return of private capex — veteran banker KV Kamath speaks exclusively to Moneycontrol
BUSINESS
Kamath defends RBI's strict actions on banks, NBFCs: 'Better to clamp down now'
Regulator has to take action when it sees that practices are not appropriate or are lax, Kamath said.
BUSINESS
MC Exclusive | The case for divestment is now getting a little grey: KV Kamath
According to Kamath, if PSU banks are self-sufficient on capital, the need for divestment is not clear
BUSINESS
Older players will have to learn from fintechs to drive innovation, says KV Kamath
Speaking exclusively to Moneycontrol, Kamath has said while innovation cannot happen without being on the edge, it is important for companies to play within the boundary lines
BUSINESS
Fresh capital from IPO will be channelled to adding distribution and expanding bank presence: Niva Bupa CEO
Niva Bupa's Rs 2,200-crore IPO is set to open on Thursday and will be partly a new share sale and part offer for sale.
BANKING
RBI asks microlenders to halt the practice of ‘netting off’ loans
The intent behind clamping down on this industry practice, say sources, is to ascertain how many borrowers remain standard should a loan not be rolled over by the lender
BUSINESS
MC Exclusive | Don't want to chase banned NBFCs down when their chips are down: V. Vaidyanathan, MD & CEO, IDFC First Bank
Though the bank has disbursed up to Rs 40,000 crore of corporate loans during this period, there is not a single NPA from these credits, according to V. Vaidyanathan, MD & CEO, IDFC First Bank.
BUSINESS
MC Exclusive | Confident that PAT will come back by next quarter: V Vaidyanathan, MD & CEO, IDFC First Bank
V. Vaidyanathan, MD & CEO, IDFC First Bank, explains the reason behind exceptions made for loans given to MFIs. He is hopeful that the empathy shown to the MFI customers will pay rich dividends in the long run.
BUSINESS
Vault matters: Why the business of banning businesses by RBI is justified
A person with direct knowledge of the matter said, the four companies charged highest interest rate to microfinance customers. A few of them had issues on operational and procedural fronts with two lenders facing the greatest concerns regarding operational aspects. If repeated warnings were not adhered, the regulator’s action to ask these entities to stop business till they mend their ways is logically the right thing to do
BUSINESS
IndusInd Bank will take 6–9 months for AMC biz to operationalize: CEO Sumant Kathpalia
On August 19, RBI gave its go ahead for the bank to set up its asset management business.
BUSINESS
MC Exclusive | M&M may pick up 50% stake in Škoda Auto’s India business
While the deal structure is being finalised, M&M may hold first right of refusal if Škoda Auto Volkswagen decides to sell a higher stake in the company
BUSINESS
Bajaj Finance not to originate loans from Bajaj Auto
The move follows Bajaj Auto’s decision to create its captive financing unit – Bajaj Auto Credit Limited, which started its operations in March 2024
BUSINESS
MC Exclusive: If private credit becomes $70–80 billion industry in 5–7 years we would have done well: Kanchan Jain of Ascertis Credit
Speaking to Moneycontrol on the sidelines of getting a new identity for the company, Kanchan Jain, Head of Ascertis Credit, formerly BPEA, emphasised that a change in name does not mean a change in investment philosophy.
BUSINESS
HDFC Bank’s FY26 growth to be slightly higher than market growth
In a call with media, while the management refrained from making any forward looking guidance, it indicated that credit deposit ratio may inch back to pre-merger levels in the next two years.
BUSINESS
Vault matters: The changing face of Indian private banks
In recent years, the landscape of private banks in India has significantly shifted, reliance on public sector banks (PSUs) for support has also risen. While PSU bankers are competent, the dependence on them raises concerns about innovation and adaptability within private banking.
