All stories by Abhijit Lele
Singapore-based DBS Bank plans to trim India branches in 2-3 yearsRediff.com15 Feb 2021
The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020.
'Economy well placed to capitalise on recovery in 2021'Rediff.com6 Jan 2021
'The financial sector's performance in the first two quarters was a revelation.' 'It clearly showed the clean-up had been done in the past one-and-a-half years and that capital brought in was significantly stronger.'
From loan moratorium to digitisation, 2020 saw major shifts in bankingRediff.com30 Dec 2020
While lenders create a hype around the services offered on digital platforms, customers think otherwise, given that frustration due to the quality of service has only increased, over the years.
Why it makes sense to take personal loans from PSBsRediff.com26 Dec 2020
The interest rate offered by PSBs like SBI, BoB and BoI hover around 8.9 per cent-10.50 per cent. For private banks, the range is between 10.49 per cent and 12 per cent.
PSBs may find it hard to raise money on asset quality, governance concernsRediff.com21 Dec 2020
While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue.
How SBI plans to keep YONO ahead of the curveRediff.com13 Oct 2020
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
Home, auto loan inquiry back to 2019 levelRediff.com23 Sep 2020
The public sector lenders saw the biggest rebound in inquiries in July and August 2020, most likely because they were early in recommencing operations than their private and finance counterparts.
'2 years is fair time for companies to come out of pain'Rediff.com17 Sep 2020
'The economy is expected to bounce back and things are expected to recover faster than what we previously thought.'
Challenges that Dinesh Khara, the new SBI chief facesRediff.com8 Sep 2020
Relations with the government, the bank's majority owner, are a tricky issue for all SBI chiefs, and, like all his predecessors, Khara will be closely watched for his equations with the finance ministry representative on the SBI board.
Bonanza for overseas Indian investors; ODI norms to be easedRediff.com27 Aug 2020
The net outward foreign direct investment went up from $9.1 billion in 2017-18 to $12.6 billion in 2018-19 and moved further north to $13 billion in 2019-20.
Yes Bank to take more 'Anil Ambani like steps' to recover duesRediff.com2 Aug 2020
Yes Bank CEO said the private lender is disposing some of the properties in many other cases as well. He, however, declined to elaborate on borrowers against whom such action was underway.
HDFC to set up fund to finance stressed realty projectsRediff.com7 Jul 2020
The real estate sector had been going through a rough phase even before the COVID-19 crisis, marked by falling sales and piling up of inventories.
YES Bank restructures salaries of senior leadership teamRediff.com1 Jun 2020
About 300 employees would come under the ambit of voluntary decision.
Covid-19 crisis: Slippages may jump to Rs 5.5 trillionRediff.com22 May 2020
The incremental stress is mainly from sectors including power, infrastructure, constructions, hospitality, iron and steel, telecom, and realty.
As lenders go slow, liquidity is a big issue for India IncRediff.com16 Apr 2020
CII said working capital limit enhancement should be accompanied by relaxing norms related to collaterals.
PSBs need to build buffers to absorb shocks: ReportRediff.com28 Dec 2019
Among the bank groups, under the baseline scenario, public sector banks' gross NPA ratios may increase to 13.2 per cent by September 2020 from 12.7 per cent in September 2019.
'People should feel like spending more'Rediff.com5 Nov 2019
'One of the ways to do that is to ensure that NBFCs have got liquidity.' 'If we don't do that, this mood of gloom will continue.' NBFCs need to be provided with liquidity if they have to start lending.
India's banking system brutally unfair: Deepak ParekhRediff.com11 Oct 2019
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values.
Slow loan growth confirms India is not shiningRediff.com29 Jun 2019
While slowdown was prominent in vehicle loan segment, home loans growth improved to 18.7% in May 2019 from 15.5% a year ago.
DHFL promoters exit WGC Wealth to repay debtsRediff.com28 Jun 2019
Lenders to DHFL will meet early July to hammer out a rescue package, which will include the reworking of loan payments, fresh working capital support, roping in a financial investor, and the promoters ceding control.