BUSINESS
RBI likely to continue building forex reserves amid strong fund flows, say experts
The central bank’s reserve accumulation could eventually pose a risk to its ability to transfer dividend to the government as returns on forex assets are quite low.
BUSINESS
RBL Bank ties up with Visa after RBI bars Mastercard, says new card issuances may be impacted
RBI’s regulatory action leaves Visa and RuPay as the only active issuers of debit and credit cards in the country.
BUSINESS
BHIM UPI to be launched in Bhutan. Here’s how India’s retail payments systems have evolved over the last decade
The setting up of the National Payments Corporation of India in 2008 helped accelerate the digitisation of retail payments and led to the birth of instant money transfer systems like IMPS and UPI.
BUSINESS
IBA CEO Sunil Mehta may be non-executive chairman of bad bank, board to be expanded after RBI issues licence
The National Asset Reconstruction Company will have nominee directors from other banks once it receives the necessary clearances from the central bank.
BUSINESS
New 10-year benchmark government bond issued at cut-off yield of 6.1%
The cut-off was slightly higher than what the market was expecting, according to dealers and market experts.
BUSINESS
EMI bounces rose in June despite easing of COVID curbs, shows NPCI data
Analysts are of the view that the stress on lenders’ balance sheets will appear gradually over the course of FY22 as the impact of regulatory forbearances wears off.
BUSINESS
ESG push | Banks increase funding for green energy, records low demand for thermal power projects
While banks like SBI have raised their exposure to renewable projects, they are clear that they cannot entirely stop funding coal-based or water-guzzling industries in an emerging economy.
BUSINESS
Bond yields shoot up amid hardening crude prices, transition to new benchmark
In the August policy meeting, scheduled for 4-6 August, the MPC is widely expected to keep the repo rate unchanged at four percent and maintain its accommodative stance.
BUSINESS
30 years of economic reforms | Private banks and rise of the Internet: How lending has changed in last three decades
The story of liberalisation in India is tied closely with the rise of large private banks and the subsequent digitisation of banking transactions
BUSINESS
Explained | Why do small savings rates matter so much, how do they affect banks and other questions answered
The government’s small savings schemes compete with bank deposits and any change in their rates has an impact on banks’ ability to price deposits.
BUSINESS
SBI hikes service charges including for ATM withdrawals: Five key questions answered
Banks are hiking service fees across segments including ATM withdrawals. What is interchange fee and how does it work? Here's a simple explainer.
BUSINESS
No more power booster! Credit card issuance slows in 2021 as second wave hits lenders, large banks turn cautious
The embargo on new card issuances by market leader HDFC Bank has hit overall growth as has risk aversion by other lenders like SBI Card and Kotak Mahindra Bank.
BUSINESS
RBI circular unlikely to affect NBFCs’ dividend payouts, say experts
The RBI had laid down prudential norms for dividend declaration by banks and NBFCs for FY20 as well, but that was seen as more of a reactive measure in the wake of the outbreak of the first wave of Covid.
BUSINESS
Exclusive interview | New MFI rules will help lower lending rates: Suryoday Small Finance Bank CEO Baskar Babu
The pandemic has offered important lessons to the microfinance industry, particularly with respect to taking the customer base digital and analyzing the business patterns, says Suryoday Small Finance Bank chief.
BUSINESS
Exclusive interview | Digital loans are no more free-for-all like in pre-COVID days: Lendingkart CEO Harshvardhan Lunia
The digital lender has tightened its credit underwriting standards and slowed down lending to borrowers with poorer scores and the sectors hit worst by COVID.
BUSINESS
NCLT approves Kalrock-Jalan consortium’s plan to take over Jet Airways: What we know so far
The court has said that the landing slots earlier allotted to the airline would not be available by default.
BUSINESS
COVID-19 impact: App-based payments double YoY in January-March as people prefer cashless transactions
Executives from the payments industry said that the growth has been driven by greater convenience as also the rise of the ‘buy now pay later’ option and assisted payments
BUSINESS
Exclusive Interview | There’s a trust deficit among PMC Bank depositors, we'll work hard to address it, says Centrum Group’s Jaspal Bindra
Centrum Group Executive Chairman Jaspal Bindra says new promoters may not need 120 days to operationalise the bank, as he shares with Moneycontrol the new management’s plans for PMC Bank, recovering bad loans and more
BUSINESS
Bank of Maharashtra relaxes transfer policy for staff during pandemic
For FY22, the bank’s board has relaxed the criterion for staff’s stay in a single zone by one year. Transfers from one zone to another will take place after a gap of seven years, as against six years earlier.
BUSINESS
HDFC Bank says no clarity yet on lifting of RBI embargo, in touch with central bank
The recent instances of outages in the bank’s app did not stem from a capacity issue, CIO Ramesh Lakshminarayanan said.
BUSINESS
KSK lenders' plan for Rs 30,000 crore debt resolution hit NCLT hurdle, banks move appellate tribunal
KSK insolvency: Banks want to combine all group loans worth Rs 30,000 crore for faster recovery. However, the plan has hit a hurdle after NCLT ruled against it. Banks have now moved NCLAT.
BUSINESS
Higher capital buffer lowers liability cost for banks, pushes credit growth, says RBI paper
A higher CRAR reallocates loan portfolios away from unsecured loans towards secured and low-risk loans, the researchers said in an RBI occasional paper.
BUSINESS
Fear of job losses grips employees of smaller PSBs as privatisation talks progress
Employees of PSBs rumored to be in the privatisation list are worried about the fate of their jobs. There is a concern that the new employers will resort to mass layoffs.
BUSINESS
Banks see pressure on interest margins as high provisions, lower interest rates pinch
The impact on NIMs was higher in the case of public sector banks because of the presence of low-yielding products in their loan mix.
