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Siddhi Nayak

Correspondent

Moneycontrol.com

Banks’ provisional July-September numbers indicate robust growth in loans, deposits

BUSINESS

Banks’ provisional July-September numbers indicate robust growth in loans, deposits

Top banks, including State Bank of India, HDFC Bank, IndusInd Bank and Yes Bank, have reported a double-digit increase in loan growth for the second quarter on a year-on-year basis. Deposit growth has also been strong

Bank lending rates set to rise further on expected RBI tightening, say experts

BUSINESS

Bank lending rates set to rise further on expected RBI tightening, say experts

A clutch of lenders, including SBI, BoI, and HDFC, have hiked their lending rates in the wake of the repo rate hike by the RBI on September 30. Home loan borrowers should pre-pay to ensure that the loan is repaid in the anticipated time frame

Fintech Files | Part-2: In the world of digital payments, UPI is the king

BUSINESS

Fintech Files | Part-2: In the world of digital payments, UPI is the king

Indians are moving away from cash and traditional banking payment instruments and have wholeheartedly embraced UPI to make payments because of its ease and sheer convenience. Fintechs are driving this nationwide shift

Moneycontrol Poll | Yet another 50 bps rate hike likely this week on inflation overhang

BUSINESS

Moneycontrol Poll | Yet another 50 bps rate hike likely this week on inflation overhang

This week’s expected repo rate hike will be the fourth in a row since May. At 5.90 percent, the repo rate would be the highest since April 2019

RBI may hold more repo auctions to ease liquidity, say bankers ahead of policy meet

BUSINESS

RBI may hold more repo auctions to ease liquidity, say bankers ahead of policy meet

They expect liquidity to remain tight even in October amidst higher currency leakage and the central bank to conduct repo operations simultaneously

Fintech Files Part-1: What they are and what they do

BUSINESS

Fintech Files Part-1: What they are and what they do

Relying on smartphones for almost everything has become the new normal in today’s fast-paced world, particularly when it comes to financial services. But it is actually the financial technology in the background that enables these services, making transactions a simple act of a touch or a click. Here’s a primer on the basics

Explained | Five rights of borrowers on loan default

BUSINESS

Explained | Five rights of borrowers on loan default

Despite defaulting on a loan, borrowers have various rights, including the right to privacy, the right to be heard and the right to adequate notice before the sale of their underlying mortgaged assets.

Rupee may fall to 82 to a dollar this year but RBI unlikely to defend aggressively, say currency experts

BUSINESS

Rupee may fall to 82 to a dollar this year but RBI unlikely to defend aggressively, say currency experts

The rupee sank to a new low of 81.26 against the dollar on September 23 in intraday trade, down from 80.87 in the previous session

India's primary dollar bond market dries up as Fed rate hikes send the greenback soaring

BUSINESS

India's primary dollar bond market dries up as Fed rate hikes send the greenback soaring

There has not been a single issue this fiscal by Indian corporates and banks against $13.3 billion raised by them in FY22. Issuances may remain muted near term and many issuers may refinance earlier dollar borrowings with onshore debt or buy them back in the secondary market, experts said

McDowell Holdings ownership battle exposes loopholes in IBC process, say experts

BUSINESS

McDowell Holdings ownership battle exposes loopholes in IBC process, say experts

The McDowell Holdings-Sun Star Hotels case has put the spotlight back on the efficacy of the bankruptcy law as a tool to resolve the problem of bad debts

RBI Guv Shaktikanta Das to fintechs: ‘We are here to support innovation’

BUSINESS

RBI Guv Shaktikanta Das to fintechs: ‘We are here to support innovation’

While innovations are “very much welcome,” they should be responsible and benefit consumers, the governor said.

Partnership between banks and fintechs is the way forward, says HDFC Bank’s Parag Rao

BUSINESS

Partnership between banks and fintechs is the way forward, says HDFC Bank’s Parag Rao

Banks of tomorrow will necessarily have to be like fintechs or have some attributes that fintechs bring to the table, Parag Rao said at an event in Mumbai.

Fintechs confident of meeting RBI deadline on digital loans but many face hurdles

BUSINESS

Fintechs confident of meeting RBI deadline on digital loans but many face hurdles

An extension of the November 30 deadline by the regulator could be on the cards only if a significant chunk of digital lenders faces genuine challenges in re-orienting their systems and processes, said industry players.

Next 25 years in your hands, be the growth catalyst, Sitharaman tells bankers

BUSINESS

Next 25 years in your hands, be the growth catalyst, Sitharaman tells bankers

"The banking industry needs to serve the Amrit Kaal, we have to see how best we can lift ourselves to meet the aspirations of a growing India," the finance minister has said

MC Explains | Why are banks issuing electronic bank guarantees? 5 questions answered

BUSINESS

MC Explains | Why are banks issuing electronic bank guarantees? 5 questions answered

HDFC Bank and ICICI Bank recently issued electronic bank guarantees to deliver quick, digital, paperless services. Will more banks follow?

Banks concerned about MSME exposure as inflation becomes new pain point

BUSINESS

Banks concerned about MSME exposure as inflation becomes new pain point

As inflation threatens to increase MSMEs input costs and the RBI’s COVID-related forbearance comes to an end, banks’ non-performing assets and slippages in the MSME segment are expected to inch higher in the coming quarters, say experts

AT1 bonds make a comeback with Rs 18,000 cr issuances this year, more banks likely to join

BUSINESS

AT1 bonds make a comeback with Rs 18,000 cr issuances this year, more banks likely to join

With attractive yields, banks are looking to quickly raise capital through the instrument. Experts see issuances topping Rs 30,000 crore this fiscal as investors get more confident in banks' financial health

Small finance banks may continue to offer higher FD rates but face pressure on margins, say bankers

BUSINESS

Small finance banks may continue to offer higher FD rates but face pressure on margins, say bankers

FD rates offered by SFBs are in the range of 7-7.5 percent but are still lower than the 8 percent to 9 percent they were offering in 2018

RBI’s digital lending norms balance innovation and consumer interest, says deputy governor Rao

BUSINESS

RBI’s digital lending norms balance innovation and consumer interest, says deputy governor Rao

The RBI, on August 10, released norms to regulate digital lending.

Zero coupon bonds are back in flavour. Will the party continue? 

BUSINESS

Zero coupon bonds are back in flavour. Will the party continue? 

In August, NBFCs such as TMF Holdings, Tata Motors Finance, Tata Capital Financial Services and L&T Finance raised an aggregate Rs 1,683 crore via zero coupon bonds maturing in two years to four years

With nearly 500,000 homes worth Rs 4.48 lakh crore stuck, banks raise red flag

BUSINESS

With nearly 500,000 homes worth Rs 4.48 lakh crore stuck, banks raise red flag

 Banks have increased credit exposure to the commercial and residential real estate segment over the years

GDP | RBI likely to stay on rate hike path despite lower-than-estimated growth figures, say economists

BUSINESS

GDP | RBI likely to stay on rate hike path despite lower-than-estimated growth figures, say economists

India’s economy grew 13.5 percent in April-June, the fastest in four quarters, but well below market expectations of 15 percent and the RBI’s own forecast of 16.2 percent

Five promoters who siphoned funds overseas, defrauded Indian banks

BUSINESS

Five promoters who siphoned funds overseas, defrauded Indian banks

Prior to the government’s new overseas investment rules, bankers learned some hard lessons in the corporate loan business

MC Explains | Why do firms prefer private placement of bonds over public issues

BUSINESS

MC Explains | Why do firms prefer private placement of bonds over public issues

In FY22, the amount raised through public issuances of corporate bonds was just about two percent of the amount raised through private placements

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