IDFC First Bank MD & CEO Vaidyanathan has worked successfully on five fundamental business requirements of the bank. Now he has bet on cricket sponsorship rights as he plans to take the bank to its next phase of growth.
Aim is to become 3rd largest public sector bank in operating profits in FY24; motivated staff, market penetration strategies, digital investments to drive this competitive battle.
As RBI lets curtain fall on Rs 2,000 banknote, only few will mourn its funeral or remember with fondness its fateful journey from days of demonetisation.
Gautam Adani has gained an image of invincibility in recent years and at one stage was ranked as the world’s second-richest person. Will he bounce back after the Hindenburg report, the market rout and the political backlash?
The sprawling loan market is up for new action. Banks see refinance opportunity. Corporate borrowers return to bank loans as bond yields climb. How far will rise in credit put pressure on liquidity and deposits?
Legacy bad loan issues are out of the way, core operating profit has hit almost Rs 1,000 crore, loan book is growing and deposit base is healthy.
As first woman CEO of Union Bank of India, Manimekhalai symbolises change. There is new aggression in the bank as she talks of acquisitions, taking it to third spot and creating verticalisation of branches.
Rupee breaches psychological barrier of 80 a dollar; its fate depends on global inflation, rate hikes by central banks, war in Ukraine and how world order takes shape.
NBFCs are banking on credit growth to protect their margins as borrowing costs are set to elevate. Will they succeed? Will the impact vary for NBFCs with different areas of focus?
As RBI takes a hard money turn, companies, consumers, banks and governments will have to shift to new ways. Will we be able to balance between inflation and growth or are we headed towards stagflation?
Why do we take sides in the Russia-Ukraine war even as we watch a civilisation being bombed? There is something core in us which has polarised, lost its humanity and decayed.
As Russia continues bombing Ukraine, stock markets and currencies witness sharp fall while demand for safe-havens such as gold surge substantially.
Being one of the largest banking frauds in India, the turn of events at PMC Bank has had consequences which are very severe. Some say the only other choice RBI had was to liquidate the bank. Here is the sad tale of the depositors.
Massive cleanup operation led to skeletons tumbling out of SBI’s bad loan book; also laid foundation for Rajnish Kumar’s successor Dinesh Khara to reap the harvest.
Auctions of retail loans are at a level never seen before in India as NBFCs and banks seek to get rid of soured assets in economy impacted by Covid. In the market shift, ARCs are increasing their purchase of stressed retail loans.
