Beena Parmar
moneycontrol
Mumbai, MH, India
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Past articles by Beena:
RBI policy: MPC keeps repo rate unchanged at 6.50%
Among the six members of the MPC, which is headed by RBI Governor Urjit Patel, 5 members voted in favour of the policy decision, while 1 member voted against it. → Read More
Bank of Baroda, Dena Bank and Vijaya Bank to appoint valuers for merger
Applications are being invited from chartered accountancy firms to value each bank and decide on the probable swap ratio. → Read More
Weekly wrap: Bandhan Bank kicks off Q2 earnings season; Yes Bank appoints advisory firm
In a boost to weaker banks, RBI Deputy Governor Viral Acharya pointed out, in a speech at IIT Bombay, that the prompt corrective action had restricted additional losses at the 12 lenders under its framework → Read More
RBI Policy: MPC keeps repo rate unchanged at 6.50%
Repo rate is the rate at which banks borrow short-term funding requirement from the central bank. → Read More
Axis Bank's incoming chief Amitabh Chaudhry has a task at hand
Analysts said the first task on hand for Chaudhry is to change systems and processes while working with existing senior executives → Read More
Missing bosses of large Indian banks may delay efficient functioning
When several banks are headless, the Reserve Bank of India (RBI) and the government are going slow on appointments and approvals of the CEO and Managing Director positions → Read More
Tata-backed Resurgent Power beats JSW Energy to win Prayagraj Power assets
Prayagraj, earlier promoted by Jaiprakash Associates, owes over Rs 11,000 crore to lenders → Read More
RBI allows banks to co-originate loans with NBFCs to boost priority sector lending
It should also involve sharing of risks and rewards between the banks and the NBFCs → Read More
Canara Bank plans to raise Rs 7,000 cr, aims to cut NPAs by Rs 16,000 crore in FY19
Starting July 1, the public sector bank introduced a stressed asset management wing for all assets over Rs 25 crore for specialised attention by the general managers → Read More
Bad loan resolution plans set to be made binding on dissenting creditors
Dissenting banks will have option to sell their loans at a discount of 15 percent to liquidation value, or buy the entire portfolio paying 125 percent of the value agreed → Read More
IndusInd Bank to kick off bank results today; may post over 21% YoY rise in net profit
NII is projected to grow 19 percent YoY to Rs 2,128 crore, a Reuters poll showed → Read More
With new law in the works, bankers renew hopes of recovering dues from Mallya
Of the total dues, the consortium of 17 banks led by SBI have so far recovered around Rs 400 crore, barely five percent the total outstanding → Read More
Gross NPAs at banks may rise to 12.2% by March 2019, says RBI's financial stability report
Top 100 large borrowers accounted for 15.2 percent of gross advances and 26 percent of gross NPAs of the commercial banks. → Read More
Bankers worry over arrest of Bank of Maharashtra CEO, want Govt to intervene
IBA will also ask the government to consider an insurance cover for bankers for the costs incurred on fighting such cases after their retirement → Read More
Bank of Maharashtra's future plans in jeopardy after top officials get arrested
The bank has now become the latest entrant in a growing list of lenders without leaders → Read More
RBI MPC meet minutes: Common man seems to be experiencing inflationary pressure
At its policy meet in June, the MPC also revised its inflation forecast to 4.8-4.9 percent for the first half of FY19 and to 4.7 percent for the second half → Read More
Bank of Baroda relying on AI, blockchain and robotics to scale up business
Technology has helped reduce costs, which in turn help the bank manage even low balance accounts. → Read More
Chanda Kochhar may have stepped aside at ICICI but her shadow looms large
ICICI Bank's Board created a new position of a Chief Operating Officer (COO) overnight, to be occupied by Sandeep Bakhshi, who will report to CEO & MD Chanda Kochhar → Read More
RBI hikes interest rate, what's in store for next policy and growth ahead?
ICRA's principal economist Aditi Nayar says the Monetary Policy Committee’s (MPC) surprise decision wisely hedges before the crucial data on monsoon, minimum support prices (MSP) and volatile global oil prices play out going forward. → Read More
RBI, govt must restore confidence of depositors together: ex-RBI governor YV Reddy
Reddy says frauds such as the one at PNB affects the credibility of the RBI, when it comes to keeping the people's trust in the banking system intact → Read More