Vishwanath Nair
BQ Prime
Mumbai, MH, India
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Past articles by Vishwanath:
RBI Sets Stage For Card-Less Cash Withdrawals Across All ATMs
Interoperable card-less cash withdrawals to be enabled at ATMs, says RBI → Read More
EMIs Set To Rise For Six Out Of Every 10 Home Loan Borrowers
After the first rate hike under the external benchmark-linked lending rate regime, nearly 60% of existing home loan borrowers will likely see their monthly installments or loan tenures increase. → Read More
Kotak Mahindra Bank Q4 Results: Profit Up 64.5% On Provision Write-Back
Kotak Mahindra Bank saw its net profit rise in the fourth quarter on a provision write-back. The private sector lender's net profit increased 64.5% over the year earlier to Rs 2,767 crore in the January-March period, according to its exchange filing. That compares with the Rs 2,147-crore consensus estimate of analysts tracked by Bloomberg. → Read More
HDFC Q4 Results: Net Profit Up 16% On Higher Loan Growth
HDFC Q4 Results 2022: Net profit increased 16.35% year-on-year to Rs 3,700 crore on the back of net interest income, or revenue, rose 14% year-on-year to Rs 4,601 crore. → Read More
Yes Bank Q4 Results: Profit Rises 38% Sequentially On Lower Provisions, Higher Other Income
Yes Bank's net profit stood at Rs 367 crore in Q4, compared with Rs 266 crore in Q3. In the year-ago period, the private sector lender had reported a net loss of Rs 3,788 crore. → Read More
RBI Issues Stricter Norms For Management Compensation At NBFCs
The Reserve Bank of India has laid down stricter guiding principles for compensation of senior management and key managerial personnel at non-bank financial companies. This is part of the regulator's move to strengthen the regulatory framework for large NBFCs and bring it closer to banks. → Read More
IndusInd Bank Q4 Results: Net Profit Up 51% On Lower Provisions
IndusInd Bank's profit jumped in the fourth quarter as provisions fell and core income improved. Consolidated net profit for the private lender increased 51.25% year-on-year to Rs 1,400.6 crore in the quarter ended March, according to its exchange filing. That compares with the Rs 1,405-crore consensus estimate of analysts tracked by Bloomberg. → Read More
Axis Bank Q4 Results: Profit Up 54% As Provisions Decline
Axis Bank Ltd.'s profit surged in the fourth quarter as its provisions fell. The bank's net profit surged 54% over a year earlier to Rs 4,118 crore in the three months through March, according to its exchange filing. Analysts tracked by Bloomberg estimated a net profit of Rs 3,909.5 crore. → Read More
Why This Set Of Fintech Firms Need To Worry About RBI's New Card Guidelines
Card-focussed fintechs likely to face challenges as RBI changes rules of the game. → Read More
ICICI Bank Q4 Review: Reducing The Gap With HDFC Bank
ICICI Bank's strong Q4 results -- profit up 59%, NII 21% higher -- will help the private lender reduce the valuation gap with HDFC Bank that's amidst a merger, analysts say. → Read More
Aditya Birla Capital Appoints Vishakha Mulye As CEO
Vishakha Mulye to be the new CEO of Aditya Birla Capital from June 1 → Read More
ICICI Bank Q4 Results: Net Profit Beats Estimates, Asset Quality Improves
Private sector lender ICICI Bank Ltd saw its net profit rise 59%, as core income rose and provisions fell. → Read More
Future Retail's Secured Creditors Reject Scheme To Sell Assets To Reliance Retail
Future Retail Ltd.’s secured creditors have declined to approve a reorganisation scheme that would have paved the way for its ultimate sale to Reliance Industries Ltd.'s retail unit. → Read More
SBI Seeks Accountability From Future Group On Stores Taken Over By Reliance Industries
State Bank of India has written to Future Retail Ltd. seeking accountability on the company's stores taken over by Mukesh Ambani-controlled Reliance Industries Ltd. India's largest lender sought details on the steps taken by Future Retail with regard to these stores, according to its April 18 letter to the Kishore Biyani-founded retailer. BloombergQuint has reviewed a copy of the letter. → Read More
RBI Paves The Way For Digital Banking Units
RBI allows only scheduled commercial banks to open digital banking units. → Read More
Breaking News: HDFC Bank, HDFC Ltd Set To Merge
Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. → Read More
Shapoorji Pallonji Exits One-Time Restructuring After Repaying Debt Early
Shapoorji Pallonji & Co. said it has repaid debt worth Rs 12,450 crore to its lenders to exit the one-time restructuring scheme early. Lenders led by State Bank of India unanimously approved the repayment and there was no haircut, the company said in a statement on Thursday. → Read More
UPI Transactions Cross $1-Trillion Mark In FY22, NPCI Data Shows
Digital transfers by value have doubled in 2021-22. → Read More
Axis Bank Buys Citibank's India Retail Portfolio For $1.6 Billion
The Axis-Citi deal includes Citibank credit cards, retail banking, wealth management and consumer loans. Axis Bank will also purchase the consumer business of NBFC Citicorp Finance (India) Ltd. → Read More
IL&FS Sees Rs 55,000 Crore In Debt Resolution As Uday Kotak Exits
This represents 90% of Rs 61,000 crore worth of debt the group targets to resolve. → Read More