banking sector

Banking Sector News

Rating: buy; Can Fin – New CEO to drive growth

Company to deliver a 16% CAGR in EPS and an 18% RoE over FY23-25e.

March 21, 2023 00:45 IST

New York Community Bank to buy failed Signature Bank

The deal will include the purchase of $38.4 billion in Signature Bank’s assets, a little more than a third of…

Updated: March 20, 2023 08:54 IST

Airtel Payments Bank to exit FY23 with over Rs 1,300-cr revenue

Airtel Payments Bank, Bharti Airtel’s fintech arm, will likely clock over Rs 1,300 crore in revenues in FY23, a year-on-year…

March 20, 2023 03:15 IST

US bank crisis: Banking sector MFs lost 6 pc in a week

The incessant selling in the bank stocks is clearly reflected in the banking sector mutual funds, as evident from the…

March 19, 2023 11:47 IST

Digital lenders disbursements zoom 147% in October-December

The disbursement volume of digital lenders has risen 147% year-on-year to 18.3 million in October-December, according to a report by…

Updated: March 18, 2023 09:10 IST

IDBI Bank privatisation on track: DIPAM

Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of Investment and Public Asset…

Updated: March 17, 2023 12:22 IST

Bill Ackman, investor, First Republic Bank, bad policy, US regulators, banking sector, investments, contagion risk, economic damage

Bill Ackman concerned about ‘contagion risk’ spiraling out of control

The activist investor said moves by the largest US banks to deposit $30 billion with First Republic “raised more questions…

March 17, 2023 11:00 IST

First Republic Bank, financial crisis, depositors, funding, regional banks, Morgan Stanley, Silicon Valley Bank, Signature Bank, banking system, regulators, US Fed, economy, liquidity

Biggest US banks pledge $30 billion of fresh deposits to bail out First Republic Bank from financial turmoil

JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. will contribute $5 billion of…

March 17, 2023 10:37 IST

Credit Suisse, SVB, banking sector, collapse, derivative market, Overseas banks, assets, liabilities, banking assets, deposits, market confidence

Fate of Credit Suisse of more relevance to India than SVB, says Jefferies

Credit Suisse owns more than 200 billion rupees ($2.4 billion) of assets in India, making it the 12th largest offshore…

March 16, 2023 12:06 IST

Credit Suisse to borrow up to $54 billion as it seeks to calm investor fears

The Swiss bank’s problems have shifted the focus for investors and regulators from the United States to Europe, where Credit…

Updated: March 16, 2023 08:44 IST

Tech pressure, Janet Yellen everywhere: How Washington scrambled as SVB collapsed

As U.S. Treasury Secretary Janet Yellen prepares for a Friday hearing before the Republican-controlled House Ways and Means Committee, investors…

March 15, 2023 07:33 IST

RBI expresses reservations on setting up of family offices

Last year, the RBI permitted profitable non-financial entities to set up financial services entities outside India and invest up to…

March 15, 2023 05:10 IST

Credit Suisse says customer outflows have stabilized but not reversed

Battered by a string of scandals, the bank saw a sharp acceleration in customer withdrawals in the fourth quarter, with…

Updated: March 14, 2023 12:48 IST

SVB resolution reassuring, will bring relief to startups, says IT minister Ashwini Vaishnaw

The Biden administration in the US has announced that depositors of the failed Silicon Valley Bank will have access to…

Updated: March 14, 2023 11:14 IST

SVB Collapse Updates: Biden promises stricter regulation, HSBC purchases UK arm for £1, Fed outlook, more

State regulators closed New York-based Signature Bank on Sunday. “Your deposits will be there when you need them,” stated U.S.…

Updated: March 14, 2023 09:43 IST

Silicon Valley Bank ‘conducting business as usual’, new CEO says

The regulator transferred all deposits of Silicon Valley Bank to this newly created bridge bank and had said all depositors…

Updated: March 14, 2023 08:52 IST

‘May hike lending rate in order to mitigate higher borrowing costs’

The demand is kind of skewed. If you look at southern states, sales have come down. Incremental sales are happening…

March 14, 2023 05:15 IST

Explainer: The Silicon Valley Bank Collapse

Silicon Valley Bank (SVB), which collapsed last week, was a hit as a banking partner among tech startups, especially in…

March 14, 2023 04:45 IST

The SVB tremor

It is surprising that the Fed didn’t keep a closer watch on investments by banks in a rising interest rate…

March 14, 2023 03:15 IST

Exposure to SVB bank ‘minimal’, says Freshworks

The company also stated that it is working with its customers and vendors who were using its SVB account to…

March 14, 2023 00:25 IST

UK gilts on track for mammoth gain in wake of SVB collapse

British government bonds on Monday were on track for their biggest one-day price gain since the day the Bank of…

March 13, 2023 20:27 IST

Your deposits will be there’ – Joe Biden assures Americans after SVB’s stunning collapse spooks investors

President Joe Biden on Monday told US residents that the nation’s financial systems are sound, following the swift and stunning…

March 13, 2023 19:26 IST

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