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Rajesh Ravi

Articles By Rajesh Ravi

306 Articles

INTERVIEW| Recovering lost sales first aim of liquor industry: CIABC director general Vinod Giri

Sales of Indian made foreign liquor (IMFL) declined by 12% year-on-year during FY21 due to the pandemic-induced lockdown and increase in taxes, according to the Confederation of Indian Alcoholic Beverage Companies (CIABC).

Vinod Giri

Gold loans to pick up pace in Q2: Manappuram Finance

VP Nandakumar, MD & CEO of Manappuram Finance, said there could be a slight decline in the gold loan portfolio of the NBFC in the first quarter before demand gathers momentum. The NBFC expects growth to be in the range of 10-

For the whole of FY21, the lender reported a consolidated net profit of Rs 1,724.95 crore as against Rs 1,480.30 crore reported in the year-ago period

ESAF Small Finance Bank expects normalcy in business from July, may list as early as September

“Already Maharashtra is showing good promise and collections are good at 75%. In Tamil Nadu too, the collections were at 65% when the new lockdown was imposed.

We plan to increase loan book by Rs 10,000 crore in FY22: Murali Ramakrishnan, MD & CEO, South Indian Bank

The decline has happened due to two things. As a strategy, we wanted to reduce the concentration risk in corporate book. Wherever we have taken very high exposure, we were reducing it.

We thought we could restructure Rs 1,200 crore, but we could only restructure Rs 351 crore. Yes, our provisions were lower for the fourth quarter.

We will have more opportunities when economy is opened up: CVR Rajendran, MD & CEO, CSB Bank

Gold loan will continue to be focus area for some more years. We are still a marginal player and my outlets are increasing.

CVR Rajendran, MD & CEO, CSB Bank

“We might see a further drop of 10 % in exports from the performance of FY21”

The seafood exports have dropped 20% in both volume and value terms in the last fiscal. The impact is more in the sea-caught sector.

Jagdish Fofandi, national president of the Seafood Exporters Association of India (SEAI)

We’ve seen a growth of approximately 20% across the luxury malts division for last 3 years: Thrivikram Nikam, joint MD, Amrut Distilleries

Since takeaways were encouraged by the government and Amrut is a consumer favourite, people started collecting a broad range of our brands, given future uncertainty, says Thrivikram Nikam.

Thrivikram Nikam, joint managing director, Amrut Distilleries

Interview | Federal Bank’s credit card should be launched soon: Nilufer Mullanfiroze

Earlier online transactions, using mobile banking, net banking, were ‘nice to do’ activities from a customer perspective.

The pandemic has necessitated being digital, from a consumer side rather than the traditional walk-in model.

ESAF SFB likely to file fresh DRHP for its IPO

ESAF Small Finance Bank is likely to file a fresh draft red herring prospectus (DRHP) for its initial public offering (IPO) with the market regulator Sebi.

K Paul Thomas

CSB Bank to focus on growing balance sheet

“Most of the secured business has come back. There has been a more responsible credit behaviour on the part of customers. Generally speaking, while there is some stress in the banking ecosystem, it is much less than what wa

The Thrissur-based lender’s gross advances rose 22.64% YoY to Rs 13,425.24 crore in Q3 while total deposits increased 16.48% to Rs 17,752.97 crore.

Manappuram Finance gold loan portfolio may de-grow in Q4

According to him, the demand for gold loans is stable at around 10-15% despite stiff competition from banks. He said banks are likely to come under pressure on gold loans with higher loan-to-value (LTV) becoming a problem whe

Manappuram’s weighted average LTV stands at Rs 2,963 per gram or 63% of the current gold price.

‘Seafood exports to China have seen a 40% decline during April-December of FY21’

Shrimp production during the current fiscal has shown a marginal increase compared to the previous year’s production of 6,52,626.42 tonnes.

KS Srinivas, chairman, Marine Products Export Development Authority

American whiskey category is gaining rapid acceptance in India for the past several years: Siddharth Wadia

While India has traditionally been a Scotch market, we are witnessing healthy double-digit growth over the past few years, says Siddharth Wadia, director & GM - IMENA Region, Brown-Forman.

Kerala fibre optic network: Phase 1 of project comes on stream

The inauguration of KFON has linked over 8,000 govt offices and educational institutions to the network, providing them high-speed connectivity

The second phase of the project would see the state leveraging the KFON infrastructure to provide free Internet connectivity to economically backward families and subsidised connectivity to others.

Gegadyne Energy: Fast-charging battery tech for the future

This Mumbai-based startup has developed a technology which allows a non-lithium based battery to charge from 0 to 100% in just 15 minutes

(L-R) Gegadyne Energy co-founders Jubin Varghese and Ameya Gadiwan

I want to run the bank professionally, create value for shareholders: JK Shivan, MD & CEO, Dhanlaxmi Bank

Corporate advances are marginally lower while gold loans have increased by 48.64% year-on-year and now stand at 26.06% of the total loan book.

JK Shivan

Union Budget 2021: Gold, silver demand likely to see boost on lowered import duties

Union Budget 2021 India: “The rationalisation of import duty on gold to around 10.75% from 12.5% is a welcome move and timely. Hopefully, this is the first of a series of such cuts to make bullion an asset class that operat

"Setting up of a new regulated gold exchange and the announcement that Securities and Exchange Board of India (Sebi), will be notified as the regulator for gold exchanges will surely help marketability and sale of gold,” Colin said.

Demand for gold loan surging: Muthoot Finance

Muthoot exited its white label ATM business in December 2020 as the venture was not making money. He said digital transactions are increasing and more than 60% of customers do some digital transactions.

Muthoot said its gold loan business is likely to grow by more than 15% in the next three years.

COVID-19 pandemic fallout: A third of Kerala expats who returned may not go back

Of over seven lakh emigrants who returned to Kerala from abroad due to the pandemic, about a third are unlikely to get a job in the state or go back soon.

domestic flights in India, domestic flights news, domestic flights booking, domestic flights guidelines, domestic flights india news,

Dip in demand from China, fewer containers hit seafood exports

India exported 1,289,651 tonne of seafood in 2019-20, valued at $6.68 billion. China was the largest seafood export destination for India in terms of quantity, with imports of 3,29,479 tonne worth $1,374.63 million accounting

Fofandi said that demand from major markets of US and EU is improving slowly, but exporters are concerned because of the delay in announcing the new export incentive scheme.

India’s natural rubber (NR) production expected to be lower by 5.7% in 2020

ANRPC pegs the world production of natural rubber during 2020 at 12.597 million tonne, down 9 % from the previous year, as climatic change, extreme weather, and leaf diseases disrupted the production in major rubber-growing c

The rubber futures are of compulsory delivery logic contracts. They would finally be settled at expiry on the last business day of the contract month.

‘Any mid-way change in an ongoing scheme will put exporters into tremendous hassle’

In an interview, Prashant Bhansali, president, Upasi, tells Rajesh Ravi about the concerns and outlook of the plantation sector. Excerpts:

Demand for gold loans slows down after recording a good growth in the second quarter: CSB Bank chief

The Thrissur based lender said its gold loan portfolio grew by Rs 1,100 crore in the second quarter, an increase of 30% quarter-on-quarter and 47% year-on-year.

‘Plan to raise Rs 5,000 cr from markets this month’

Regarding gold under custody, when gold prices go up, the gold kept as collateral comes down. The average ticket size of our loans is Rs 45,000. Almost 4,500 new customers come to us daily on an average.

The current LTV is 63% because the price of gold has come down. When gold prices were high, the LTV had gone below 60%. The long-term average LTV for the company would be 66-67%.

Indian whiskys make a mark on the global map

Amrut Fusion Single Malt and Paul John’s Mithuna have won top awards from Jim Murray and his ‘Whisky Bible’, in addition to awards from the San Francisco World Spirits Competition and the World Whiskies Award.

Muthoot Finance loan-to-value currently at 61%

Total weight of gold pledged with the company stood at 163 tonne at the end of the second quarter, against 171 tonne in the corresponding period of last fiscal.

ESAF Small Finance Bank plans to float IPO in Q4

K Paul Thomas, managing director and CEO, said the business is back to normal and the bank will go ahead with the IPO by March.

The lender has more than 96% of its exposure to the micro segment, with the average ticket size of the loan being Rs 33,000.
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