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Ishan Shah

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Moneycontrol.com

Interview | Canara Bank upbeat on growth, no stress seen in retail book, says MD Prabhakar

BUSINESS

Interview | Canara Bank upbeat on growth, no stress seen in retail book, says MD Prabhakar

Canara Bank expects less than 1 percent of the total restructured loan pool to slip into NPAs.

As Citi India seeks a buyer for its retail assets, employees look for safer pastures

BUSINESS

As Citi India seeks a buyer for its retail assets, employees look for safer pastures

A number of employees in the mid- and senior-management levels are on the lookout for job opportunities; many senior executives have already left, people with knowledge of the matter said.

Federal Bank opens 300,000 accounts with neo-bank partners

BUSINESS

Federal Bank opens 300,000 accounts with neo-bank partners

Federal Bank has tie-up with over 50 fintechs. The bank is also back on track for credit card issuance after the RBI had stopped Mastercard from issuing new cards.

Explained: What is co-lending by banks and NBFCs?

BUSINESS

Explained: What is co-lending by banks and NBFCs?

Co-lending guidelines were introduced by the RBI in 2018 to push lending in priority sectors including rural areas, renewable energy and MSMEs.

Never been a more exciting time to be in general insurance, says Digit Insurance’s Goyal

BUSINESS

Never been a more exciting time to be in general insurance, says Digit Insurance’s Goyal

Digit Insurance’s founder and chairman Kamesh Goyal says the current financial year is challenging for the general insurance industry, but is betting on strong growth in the following 12 months.

Festive season soars card spends on e-commerce over Rs 29,000 crore in first 12 days of October

BUSINESS

Festive season soars card spends on e-commerce over Rs 29,000 crore in first 12 days of October

Economic recovery and festive season has pushed the card spends on e-commerce.

Banks' loan growth picks up pace at 3-5%, asset quality stress to remain elevated in Q2

BUSINESS

Banks' loan growth picks up pace at 3-5%, asset quality stress to remain elevated in Q2

Banks recent disclosure on advances in second quarter reveal economic recovery has kicked-in, analysts believe the numbers are encouraging but asset quality stress could remain elevated in second quarter.

Startups, merchants face disruptions due to RBI guidelines on auto-debit rule

BUSINESS

Startups, merchants face disruptions due to RBI guidelines on auto-debit rule

With the RBI framework for processing recurring online transactions kicking in from October 1, startups and merchants are facing some teething troubles.

Strong growth momentum continues for private life insurers in September 2021

BUSINESS

Strong growth momentum continues for private life insurers in September 2021

Private life insurance companies have continued the growth momentum in September 2021 but key risks around a third wave of the pandemic and pricing continue.

RBI Policy: No fireworks expected, days of easy money may be over, say top economists

BUSINESS

RBI Policy: No fireworks expected, days of easy money may be over, say top economists

As the Reserve Bank of India’s Monetary Policy Committee meets October 6-8, leading economists said the central bank will possibly moderate surplus liquidity without tightening it too much.

Explained | The Srei Group case – Why the RBI superseded boards of 2 NBFCs

BUSINESS

Explained | The Srei Group case – Why the RBI superseded boards of 2 NBFCs

The banking regulator will soon initiate the process of resolution for both companies, which it said were superseded because of governance issues and payment defaults.

Indian banks, fintech firms upgrade collaboration to acquisition of equity stakes

BUSINESS

Indian banks, fintech firms upgrade collaboration to acquisition of equity stakes

Banks have become serious about how they collaborate with fintech companies and derive the maximum value out of these partnerships. Acquiring a stake in the new-age companies is one way of doing it and banks are looking to go big on this.

With Axis Bank's know-how and reach, Max Life will be on a journey of multi-year expeditious growth: Max Life MD & CEO

BUSINESS

With Axis Bank's know-how and reach, Max Life will be on a journey of multi-year expeditious growth: Max Life MD & CEO

The opportunities of synergies with Axis Bank are humongous. says, Prashant Tripathy. Digital, he says, is a big play for Max Life, and currently, the organisation is on a multi-year programme to completely digitise its operations and sales.

With DHFL acquisition, Piramal to focus on affordable housing segment

BUSINESS

With DHFL acquisition, Piramal to focus on affordable housing segment

They will primarily focus on increasing their lending book and as far as the mix is concerned, it will be 50:50 retail and wholesale.

Regulatory perimeter should be widened with evolving functions of fintechs: RBI Dy Governor T Rabi Shankar

BUSINESS

Regulatory perimeter should be widened with evolving functions of fintechs: RBI Dy Governor T Rabi Shankar

The Dy Governor has said cyber-security risks are likely to overshadow financial risks because of dependency on technology.

Fintechs improve efficiency of financial intermediation, but banks still core of payments systems: RBI Dy Gov

BUSINESS

Fintechs improve efficiency of financial intermediation, but banks still core of payments systems: RBI Dy Gov

Competition remains within the banks, between banks who leverage fintech better and banks who are not good at leveraging fintech, said RBI Deputy Governor T Rabi Shankar

Banks, payments ecosystem players gear up to meet October 1 deadline on e-mandate rules

BUSINESS

Banks, payments ecosystem players gear up to meet October 1 deadline on e-mandate rules

The recurring payments deadline is going to hit on October 1 after the Reserve Bank of India had, in March 2021, postponed the implementation. According to experts, an industry-wide adoption will ensure smooth transition.

What is the Yes Bank and Dish TV case about?

BUSINESS

What is the Yes Bank and Dish TV case about?

Yes Bank, which holds 25.63 percent in Dish TV, seeks to appoint new independent directors and the removal of MD & Director Jawahar Lal Goel.

What’s driving banks to go big on credit cards?

BUSINESS

What’s driving banks to go big on credit cards?

According to bankers and industry experts, the growth momentum in the credit card business is expected to continue and double in next 18-24 months from current levels.

Banks rush to slash home loan rates to woo home buyers

BUSINESS

Banks rush to slash home loan rates to woo home buyers

Top banks have slashed their home loan rates which are at historic low levels in the recent past. Demand for affordable housing, big homes and a slow growth in corporate lending is driving banks towards home loans..

Interview | IndoStar Capital bets big on commercial vehicle finance, charts out five-year plan

BUSINESS

Interview | IndoStar Capital bets big on commercial vehicle finance, charts out five-year plan

Brookfield-backed IndoStar Capital plans to bring down its corporate book to zero by March 2023, and is betting big on retail. Co-existence of banks and NBFCs, its top executive believes, is necessary as banks have liability strength and NBFCs have asset-side strength.

Banks' bad loan books to get cleaner with proposed bad bank framework, says experts

BUSINESS

Banks' bad loan books to get cleaner with proposed bad bank framework, says experts

NARCL will aggregate NPAs in banks' balance sheets and manage and dispose of them professionally, thus cleaning up banks' balance sheets, said Finance Minister Nirmala Sitharaman.

Explainer | What do banks and insurers do with unclaimed amounts?

BUSINESS

Explainer | What do banks and insurers do with unclaimed amounts?

As per the RBI norms banks have to transfer the unclaimed deposits to Depositor Education and Awareness Fund, while IRDAI guidelines require Insurance companies to transfer unclaimed amounts to Senior Citizens’ Welfare Fund.

NBFC sanctions jump in the first quarter, but outlook remains challenging

BUSINESS

NBFC sanctions jump in the first quarter, but outlook remains challenging

Non-banking lenders have seen a strong demand pick up but lockdowns have affected asset quality and the outlook hinges on the potential third wave.

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