Rajesh Ravi
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).
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-
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 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.
“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.
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.
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.
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.
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
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
‘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.
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
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
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.
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
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.
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.
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
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
‘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.
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.
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