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.
Indianbankingnews.com looks at how the credit card market has got embroiled in a complex web of battles over data storage locations, foreign versus homegrown entities and regulatory requirements.
Police probe on shady instant loan apps could lead to other possibilities like money laundering. What is the source of funding for these firms? How deep is the local connection?
IDBI Bank has scripted a turnaround story after being handcuffed by RBI in May 2017. Will we see the revival of the 'big daddy' image? Will it set the road for future privatisation of banks in India?
With over 1,300 deaths and rising Covid infections, a fear psychosis is gripping the banking fraternity. Even the life of a bank clerk who is blind has changed. Forever.
Banks are fighting for the home loan pie by cutting rates to historical lows. What is prompting them to launch into a rate war? Will there be a market shift?
Thousands of small borrowers fall prey to online payday apps run by the Chinese. Some of them commit suicide. Extortive interest rates ruin the others. Indianbankingnews.com investigates.
New SBI chief Dinesh Khara faces challenging times. Will he be on the attack to gain share? Or will he restrain himself for fear of rise in bad loans? How will he use YONO as a weapon? Who will form his core team as he needs to shift SBI between two eras?
