Raghu Mohan

All stories by Raghu Mohan

'Private equity can transform banks'

'Private equity can transform banks'

Rediff.com22 Mar 2021

'Facilitating conversion of well-run NBFCs into banks is urgently needed.'

PMC Bank suitors face additional capital rider

PMC Bank suitors face additional capital rider

Rediff.com16 Mar 2021

Suitors for Punjab and Maharashtra Co-operative Bank (PMC Bank) may have to infuse additional capital of nearly Rs 750 crore so that the payout per depositor is more than the Rs 5 lakh sum assured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). The Reserve Bank of India (RBI) has also slotted its board meeting on March 19 in Mumbai - a fortnight short of the current deadline to find a resolution for the beleaguered bank and the moratorium placed on it comes to an end. Sources close to the PMC Bank transaction said that the central bank wants the suitors "to go the extra mile so that depositors can get more than the Rs 5 lakh insured by the DICGC". This is also to ensure that the new owners of the bank - who are to be issued a small finance bank (SFB) licence - are serious and have deep pockets.

What does merger with LVB mean for DBS Bank chief Piyush Gupta?

What does merger with LVB mean for DBS Bank chief Piyush Gupta?

Rediff.com2 Dec 2020

While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.

How banking system changed post Nirav Modi scam

How banking system changed post Nirav Modi scam

Rediff.com26 Nov 2020

'If you give your ID and password to somebody else, how can anybody blame the technology for that problem?'

Madurai boy Anand Selvakesari is breaking the mould at Citigroup

Madurai boy Anand Selvakesari is breaking the mould at Citigroup

Rediff.com19 Nov 2020

A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.

There's more to bank frauds than meets the eyes

There's more to bank frauds than meets the eyes

Rediff.com21 Sep 2020

A common feature in India is the lag between the occurrence of frauds and the time they are actually reported.

MFIs' collections rebound in a big way, but delinquencies may surge

MFIs' collections rebound in a big way, but delinquencies may surge

Rediff.com8 Sep 2020

A vast majority of borrowers are in the essential services' supply chain with tiny and micro businesses, and this has sprung back.

How Aditya Puri 'built' the HDFC Bank

How Aditya Puri 'built' the HDFC Bank

Rediff.com14 Aug 2020

Puri gave up the comforts of Citibank to set up a new-age bank from a rat-infested room in the Kamala Mills Compound in Worli, Mumbai and build a marquee brand. A look at his 26-year stint as HDFC Bank's boss.

RBI readies plan to check health of banks

RBI readies plan to check health of banks

Rediff.com29 Jun 2020

The central bank has not set a deadline for banks to conclude the stress-test exercise, but senior bankers opine that some were already looking at this, and will now fast-track it by September-end, when they will have a better picture of their books after the moratorium on the servicing of loans and a 180-day view on the performance of borrowers' accounts.

RBI eases targets for white-label ATM firms

RBI eases targets for white-label ATM firms

Rediff.com17 Jun 2020

The poor deployment of WLATMs has tripped what the central bank sought to achieve back in 2012.

The rise and mighty fall of Rana Kapoor

The rise and mighty fall of Rana Kapoor

Rediff.com6 Apr 2020

'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'

Officers cold to oversight cadre, RBI faces staff turmoil

Officers cold to oversight cadre, RBI faces staff turmoil

Rediff.com27 Jan 2020

The deadline for officers to decide on their career path in the biggest organisational rejig in the central bank's 85-year history ends on January 31. The immediate fallout could be its disruptive impact on the supervisory process for 2020 -- and beyond -- given the manpower shortfall, even as more entities are set to come under closer central bank scrutiny.

Why RBI officers are peeved with the central bank

Why RBI officers are peeved with the central bank

Rediff.com29 Nov 2019

RBI's oversight cadre move creates HR trouble, officers threaten agitation.

Bank mergers and death of forex brokerages

Bank mergers and death of forex brokerages

Rediff.com3 Oct 2019

Business is down to such an extent that last year these firms could not even meet RBI's capital norm of Rs 50 million for partnerships and Rs 100 million for public and private firms in this line of business.

Bank mergers cast shadow on wage negotiations

Bank mergers cast shadow on wage negotiations

Rediff.com5 Sep 2019

Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike.

RBI tightens fit-and-proper criteria for directors on PSB boards

RBI tightens fit-and-proper criteria for directors on PSB boards

Rediff.com5 Aug 2019

Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards

After 12 years, RBI set to modify fit-and-proper norms for bank directors

After 12 years, RBI set to modify fit-and-proper norms for bank directors

Rediff.com30 Jul 2019

These changes will entail a relook at the various laws governing banks in the country - the two Bank Nationalisation Acts (passed in 1970 and 1980); the State Bank of India (SBI) Act of 1955; and the Companies Act of 2013.

Pvt banks may not match SBI in lowering deposit rates

Pvt banks may not match SBI in lowering deposit rates

Rediff.com30 Jul 2019

The reason why private banks will play the deposit pricing game strategically is the weakening of banks' deposits base given the competition from MFs and insurance companies due to tax-savings schemes.

Governor Das to meet private bank CEOs on credit, liquidity concerns

Governor Das to meet private bank CEOs on credit, liquidity concerns

Rediff.com9 Jul 2019

The overarching talking point will be the reluctance on the part of private banks to loosen their purse strings and increase lending substantially, even as the central bank believes there is adequate liquidity within the system.

Portfolio rejigs of RBI deputy governors soon

Portfolio rejigs of RBI deputy governors soon

Rediff.com10 Jan 2019

Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.

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