Page 36 of banking sector

Expansion push: PSBs engage more biz correspondents

Punjab National Bank has almost doubled its BC outlet network from 12,831 in December 2021 to 22,607 in December 2022.

Updated: May 16, 2023 07:27 IST

Warren Buffett, bankers, depositors, bank deposits, FDIC, central bankers, regulators

What Warren Buffett can teach billionaire bankers and depositors

As the Federal Deposit Insurance Corp. cleans up after the collapses of Silicon Valley Bank and Signature Bank, it’s worth…

May 15, 2023 12:24 IST

Julius Baer India plans to launch AIFs

Swiss private bank Julius Baer’s Indian arm is planning to launch alternative investment funds (AIFs) as part of its growth…

May 15, 2023 03:45 IST

‘Expect NIM to fall to 9% this fiscal’

Ujjivan Small Finance Bank expects its net interest margin (NIM) to fall to 9% in 2023-24 from 9.5% in the…

May 15, 2023 02:30 IST

Banks should have stronger overview on NBFC borrowers’ lending practices: SBI MD

Banks need to be given “stronger overview” on the lending practices followed by non-bank lenders who borrow from them, a…

May 13, 2023 20:00 IST

RBI slaps Rs 2.92-cr penalty on Canara Bank for violating norms

The Reserve Bank of India (RBI) on Friday imposed a monetary penalty of Rs 2.92 crore on Canara Bank for…

May 13, 2023 00:15 IST

south indian bank, south indian bank corporate loan, south indian bank retail loans,

Core income drives South Indian Bank Q4 net up 22%, targets 12 pc loan growth in FY24

Its other income rose to Rs 344 crore in the reporting quarter, up from Rs 203.85 crore in the year-ago…

May 11, 2023 21:01 IST

rbi, forex, banking sector, banking license,

Focus is on strengthening financial institutions: Patra

Patra said the future of cross-border payments will be characterised by setting up of payment rails for instantaneous payment transfers.

May 11, 2023 02:30 IST

‘Looking at listing flagship subsidiaries next fiscal’

Public sector major Canara Bank could list its two flagship subsidiaries — Canara Robeco Asset Management and Canara HSBC Life…

May 11, 2023 01:45 IST

Will appoint CEO for NBFC ops in next 3 months, says Jupiter founder

“We are trying to bring a professional chief executive officer (for the NBFC business). We are already at an advanced…

May 10, 2023 00:30 IST

UBS says Credit Suisse CEO Ulrich Koerner to join leadership of combined group

Announcing its leadership reshuffle, UBS also promoted Todd Tucker, now finance chief of its core asset management business to group…

Updated: May 9, 2023 14:50 IST

Credit Suisse, Silicon Valley Bank, First Republic Bank, BNP, European banks, banking turmoil, US banking sector, deposit growth, lender, repayments, interest rates

Why BNP, UniCredit and other European banks aren’t stressed out

Apart from the failure of Credit Suisse Group AG, an already troubled Swiss bank with shrinking returns, there have been…

May 9, 2023 11:54 IST

Social security schemes safeguard underprivileged from financial vulnerability: FM Nirmala Sitharaman

Three social security (Jan Suraksha) schemes — Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY)…

Updated: May 9, 2023 11:33 IST

US Fed, Federal Reserve, rat hike, pause, hawkish pause, inflation, RBI, rate cut, Shaktikanta Das, economic growth, foreign inflows

US Fed flags concerns over credit tightening, financial stress

“Concerns about the economic outlook, credit quality, and funding liquidity could lead banks and other financial institutions to further contract…

May 9, 2023 10:25 IST

Low LTV makes loans against shares unattractive

LAS constitutes a mere 0.05% of overall non-food credit, whereas loans against fixed deposits comprise nearly 1% of non-food credit.

May 9, 2023 01:45 IST

Indian Bank, Indian Bank q4, Indian Bank q4 profit,

Indian Bank Q4 net profit rises 47 pc to Rs 1,447 cr

During the quarter, the bank’s total income increased to Rs 14,238 crore against Rs 11,405 crore a year ago, Indian…

May 8, 2023 15:18 IST

Canara Bank, Q1FY24 results, quarter results, profit, NII, NIM, NPA, loan, deposits, income, expenses, banking sector

Canara Bank Q4FY23 profit up 64% on-year at Rs 3,233 crore, dividend announced

Canara Bank posted total income of Rs 31,774.04 crore in the fourth quarter of FY23, up 29.6 per cent from…

May 8, 2023 14:11 IST

fintech industry, GFF 2023, growth, financial inclusion, global demand, economy, capital expenditure, government schemes

Fintech sector to become $1.5 trillion industry by 2030, Asia-Pacific to outpace US at 27% CAGR, says report

While the fintechs on average lost more than half of their market value in 2022, the report maintained that the…

May 8, 2023 11:55 IST

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BEML wins Rs 157 crore rail-grinding machine order; second big deal this week

Business22 min ago

BEML, a defence PSU, secures a Rs 157 crore order to produce switch rail grinding machines for Loram Rail Maintenance India, ensuring safer and smoother train operations. Additionally, they received a Rs 414 crore order for trainsets for the Bangalore Metro project.

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