BUSINESS
RBI MPC | Monetary policy decision today: What to expect?
According to economists, to tackle inflation, there will be further tightening in the monetary policy.
BUSINESS
Stalled recruitment in state-run banks leading to poor customer service, employee churn
Many youngsters are choosing to leave public sector banks due to the bureaucratic work culture and minimal opportunity for growth
BUSINESS
RBI acted too late, it should have been thinking about inflation at least six months earlier, says former chief statistician Pronab Sen
While global prices have been going up, which is outside our control, but there was a need to make sure that this important price increase didn't feed into a national pricing process, says Sen
BUSINESS
Explained: 5 things about RBI dividend transfer to government touching decadal low
The dividend transfer of Rs 30,307 crore is much below the government’s budgetary expectation of Rs 73,948 crore from RBI and PSU banks. Thus, it has created a shortfall of around Rs 4 3,641 crore, compared to the budgeted numbers.
BUSINESS
Interview | Indian Overseas Bank MD says no communication from Centre on privatisation, 'not even a hint'
The bank is aiming to increase advances by 12% in the current financial year with secular growth across retail, micro, small and medium enterprise (MSME), and corporate and agricultural loans.
BUSINESS
Wholesale price increases can threaten growth recovery, say economists
With prices rising steadily, consumers and small business owners will face the heat as consumption is scaled down, impacting growth
BUSINESS
RBI says no to six banking licence applicants. Who are they?
The central bank rejected the applications on grounds that they were not suitable candidates to run a bank.
BUSINESS
Supreme Court ruling on NBFC regulations: Five key points explained
The court order ends dual regulation of NBFCs, making them less vulnerable to interference by state governments and enabling them to focus on their business, say industry leaders and experts
BUSINESS
Microfinance industry logs 13% growth in last quarter, shows Sa-Dhan data
NBFCs, NBFC-MFIs, and SFBs have witnessed considerable growth in the last one year, but the growth of microloans in banks lagged
BUSINESS
India’s inflation heat: Soaring prices put pressure on government, RBI to act
The common citizen is reeling from the unrelenting rise in the cost of essential goods, primarily food items. In a multipart series starting from today, Moneycontrol looks at the impact of inflation on the Indian economy.
BUSINESS
Borrowers of small loans may have to pay more after rate hike by RBI
Microfinance institutions (MFIs), which fund small borrowers, are likely to pass on the rising cost of funds to their customers, primarily new ones, as interest rates increase. Muthoot Microfinance may raise rates by 25-30 basis points
BUSINESS
Explained: Why the rupee fell to an all-time low
Economists say the ongoing geopolitical tensions among other factors led to such fall despite the Indian currency being one of the best performers in Asia of late.
BUSINESS
RBI rate hike may impact bank credit growth, say analysts
Bank credit growth had picked up in the recent past. Credit growth stood at 11.2 percent on April 8 as compared to 5.3 percent in April 2021. With interest rates going up, this momentum may get impacted, analysts said.
BUSINESS
At least five banks raise FD rates a day after surprise RBI rate hike
Analysts predict more banks may soon announce increase in lending and deposit rates.
BUSINESS
RBI cues: Bank of Baroda, ICICI Bank raise lending rates
Other banks are likely to follow suit and push up their lending rates in the approaching days, analysts said.
BUSINESS
IFSCA issues new framework for fintech entities
The framework issued by IFSCA is a unified regulator for banking, capital markets, insurance and fund management in IFSC.
BUSINESS
ICICI Bank’s Q4 results: Three key takeaways
Analysts said the bank’s growth was driven by its corporate customers, of which small and medium enterprises constituted a major part.
BUSINESS
Account aggregator system in banking ensures enhanced customer experience with better data security: Experts
The network is a financial data-sharing system regulated by the Reserve Bank of India
BUSINESS
Explained: What scale-based regulation means for NBFCs
The RBI’s scale-based regulations for lending by non-banking finance companies are aimed at reducing risks for the financial sector.
BUSINESS
New RBI rules may change customer focus of microfinance lenders, say experts
With the new rules, microfinance institutions can go for bigger loans and reach out to borrowers from urban areas too, experts said.
BUSINESS
Interview | New microfinance rules may shift focus to men but core remains women, says Muthoot Microfin CEO
"While the regulations are good for the industry in the long run, there could be challenges in implementation in the near term."
BUSINESS
SBI raises $500 million offshore borrowing
It is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan by SBI through Gift City Branch
BUSINESS
5 reasons for fall in HDFC Bank share price, after merger announcement
Concerns among investors regarding CRR, PSL and SLR of the combined entity might have resulted in the price fall, say analysts
BUSINESS
SDF might actually squeeze banking sector’s margins at this point: Yes Bank’s Pan
SDF is a collateral-free arrangement meaning RBI need not give collateral for liquidity absorption.
