BUSINESS
Exclusive | Federal Bank looks to grow unsecured loan book ‘quite well’, says MD Shyam Srinivasan
The bank is yet to identify a candidate in microfinance sector for acquisition, Srinivasan said
BUSINESS
Federal Bank aims for 15% credit growth in FY23, says MD Shyam Srinivasan
The bank’s credit is in reasonable shape, adequate provisions in place and its liability franchise should “power up” in this financial year, the managing director said.
BUSINESS
RBI steps may tighten banking system liquidity to pre-pandemic levels by March 2023, say experts
RBI’s resolve to combat high inflation and aggressive measures to reduce pandemic-era stimulus could take the banking system liquidity surplus to around Rs 4 lakh crore rupees by March 2023
BUSINESS
RBI MPC | Another 25 basis-point repo-rate hike likely in June: Experts
With retail inflation showing no signs of abating, the MPC may be left with no choice but to hike rates further, they say. One analyst expects the repo rate to likely end the year at 5.15 percent.
BUSINESS
Home First Finance aims to raise Rs 2,000 crore in FY23, targets 30 percent AUM growth, says MD Manoj Viswanathan
Demand for affordable housing is genuine and should not be hampered because of higher interest rates, Viswanathan said
BUSINESS
I compliment RBI for the courage to raise rate during market hours: Uday Kotak
Kotak Mahindra Bank is bullish on loan growth and liquidity makes it possible to look at market opportunities, says chief Uday Kotak in an interview.
BUSINESS
Kotak Mahindra Bank open for 'right opportunities', says Uday Kotak
Kotak's comments are significant as it comes against the backdrop of consolidation in the banking sector.
BUSINESS
RBI hikes repo rate by 40 bps | EMIs set to get expensive, FD rates to edge higher, say bankers
Borrowers will have to brace for paying higher EMIs on their loans and that could impact their purchasing power.
BUSINESS
IDBI Bank eyeing 10-12% loan growth in FY23, will cut down bad debt, says MD Rakesh Sharma
IDBI Bank is looking to bring down gross bad loan ratio to below 14 percent by March 2023 and below 10 percent by March 2024, Sharma has said
BUSINESS
HDFC hikes retail prime lending rate: Five key questions answered
HDFC’s floating-rate home loans for customers with a credit score of over 750 will carry an interest rate of 6.75 percent, up from 6.70 percent earlier
BUSINESS
Exclusive Interview | In my 44 years with HDFC, I have not seen housing demand the way it is today, says Deepak Parekh
The regulator is concerned about liquidation and failure of large NBFCs. The RBI needs to be more careful and bring in more regulation, compliance requirements that are akin to and supervise more like a bank, Parekh said.
BUSINESS
Explained: 5 key challenges LIC could face after IPO
LIC has the uphill task of maintaining market share, sustaining profitability and revenue growth and boosting investments in technology after its stock-market listing
BUSINESS
RBI's new norms could hurt banks’ outstanding credit cards, margins: Axis Bank Official
Axis Bank issued around 1.1 million credit cards in January-March, taking total card issuances in financial year 2022 to 2.7 million.
BUSINESS
NCLT to hear Bank of India’s plea to admit Future Retail under insolvency on May 12
Bank of India on April 14 had filed insolvency proceedings against Future Retail for non-payment of dues
BUSINESS
LIC IPO | Fair and attractive valuation to draw retail investors significantly: DIPAM secretary
According to the DIPAM secretary, LIC valuation is “fair and attractive” and the decision to list LIC was after taking into account factors like market demand, reduced mkt volatility, domestic flows and LIC performance.
BUSINESS
Interview| RBI may hike repo rate by 50 bps this calendar year; FY23 inflation forecast has upside risks, says BoB Chief Economist Madan Sabnavis
In its policy meeting on April 8, the RBI also raised its inflation forecast for this financial year to 5.7 percent from the previously estimated 4.5 percent, indicating that a shift in priorities towards taming price pressures was indeed warranted.
BUSINESS
Bond market signals: Global, domestic cues will force MPC to change course earlier than expected, say experts
MPC may begin its repo rate hike cycle with a 25-bps increase in the June policy, economists say
BUSINESS
Future Group lenders plan to drag sister companies to bankruptcy court, seek maximum debt recovery
Lenders think a group insolvency process could be the best way forward for banks to maximise debt recovery and reduce legal hurdles.
BUSINESS
ICICI Bank to continue focusing on organic growth, risk-calibrated approach, says executive director
The bank to eye opportunities in terms of buyout of portfolio and assets, says Sandeep Batra.
BUSINESS
Worries on high inflation dominated MPC meet, show minutes
While the risks to domestic growth call for continued accommodative monetary policy, inflationary pressures necessitate monetary policy action, RBI Governor Shaktikanta Das said in the minutes.
BUSINESS
RBI’s move to give Rural Cooperative Banks more fundraising options will strengthen capital ratios, spur lending
The move could help RCBs boost digital infrastructure to meet customers' changing needs and tap rural recovery.
BUSINESS
Explained: What do RBI’s new directions on issuing credit cards mean? Five key questions answered
The central bank’s new directives will come into effect from July 1 and aim to protect the interests of the retail consumer.
INTERVIEW
MC Exclusive | Merger an option for smaller NBFCs, says Muthoottu Mini MD
Lower-layer NBFCs may face some difficulties when they move into the upper layer and have to adjust to a tighter regulatory regime, managing director Mathew Muthoottu said about the new regulatory framework.
BUSINESS
What is the role of SDF in liquidity management?
