Page 65 of banking sector

Other components of other income such as loan processing and banking services fees also declined during the quarter.

AU Small Finance Bank profit rises 32% as provisions fall

The bank made provisions of Rs 38 crore, lower by 81% YoY because of improvement in the asset quality and…

July 21, 2022 02:00 IST

Urban cooperative banks to have 4-tiered regulatory framework

For Tier 2, Tier 3 and Tier 4 UCBs, while retaining the current capital adequacy framework, the RBI has revised…

July 20, 2022 01:31 IST

banks, private sector banks, public sector banks

53 years of bank nationalisation: Time to bid adieu to public-sector Banks?

The market cap of HDFC Bank alone is more than that of all PSBs put together. But the immense social…

July 19, 2022 10:15 IST

IndusInd Bank approves raising Rs 20,000 crore

The fundraising plan of the bank is subject to the approval of its shareholders.

July 19, 2022 02:45 IST

Bank of Maharashtra reports 117% increase in Q1 net profit

The Pune-based bank also reported a near 9% increase in its pre-provisioning operating profit in Q1FY23, despite a decline in…

July 19, 2022 02:30 IST

Govt, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore in last 8 fiscal

Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing…

July 18, 2022 16:17 IST

Mid-sized lenders try diverse ways to meet credit demand

Non-food credit grew 13.8% year-on-year (y-o-y) and deposits grew 9.8% y-o-y during the fortnight ended July 2, as per data…

July 18, 2022 10:00 IST

RBI, Bank Indonesia agree to expand cooperation in payment systems

The MoU will be implemented through policy dialogue, technical cooperation, exchange of information and joint work.

July 16, 2022 13:39 IST

Banks can also improve their retail and priority sector targets through securitisation, ratings agency Crisil said in a report.

Higher volumes could turn securitisation into key funding source for NBFCs: Crisil

Foreign financial institutions, including banks, acquired 17% of all assets securitised. A stable market environment could mean deeper participation by…

July 15, 2022 00:30 IST

“Punjab National Bank is working on multiple business use cases which can leverage on the account aggregator ecosystem and offer interesting products to its customers. This will further enhance the outreach of the bank to provide customized digital products to its customers,” Atul Kumar Goel, managing director and chief executive officer of PNB said.

PNB, 3 other PSU banks activate account aggregator system

Other than PNB, Union Bank of India, Canara Bank and Indian Bank are the three other PSU lenders who have…

July 15, 2022 00:00 IST

While the government proposed privatisation of two PSBs in the last Budget, sections within it feel that the process could be initiated only after more consultations among stakeholders, particularly potential investors.

Public-sector banks privatisation off agenda; PSB Bill unlikely in monsoon session

The Bill proposes to “effect amendments in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 and incidental…

July 14, 2022 03:15 IST

s domestic banks hold key corporate banking relationships, they are in a position to provide added value by advising on ESG data and standards, ratings agency Crisil said in a report by Coalition Greenwich, a vertical which provides analytics to the financial services industry.

Banks can tap ESG standards advisory potential: Crisil

Across the board, far fewer companies have adopted ESG metrics in their treasury function.

July 14, 2022 02:30 IST

Emails seeking responses from NARCL and IOB remained unanswered till the time of going to press.

Lenders may seek review: Banks stare at 8% recovery from first NARCL sale

According to a paper published as part of the Reserve Bank of India’s February 2022 bulletin, the average rate of…

July 14, 2022 00:00 IST

The entity surveyed 656 and 453 respondents in 2020, and 518 and 311 in 2022 for domestic cash management and international cash management, respectively. 'Market penetration' is calculated based on the number of citations for each service and each segment in the Coalition Greenwich 2022 India Corporate Banking Study, it explained.

Changes in current account rules helped private banks increase penetration in cash management space: Survey

The survey also came up with rankings on large corporate banking for lenders, which showed public sector State Bank of…

July 13, 2022 19:07 IST

Banks revise foreign currency deposit rates in response to RBI relaxation last week

HDFC Bank revised FCNR on USD deposits for tenure of 1 year to less than 2 years at 3.35 per…

July 13, 2022 16:27 IST

Data Drive: The EBLR link

Under ELBR, the shift in interest rate cycle will have a quicker impact on both deposit and lending rates of…

July 13, 2022 04:30 IST

Banks to report Rs 13,000-crore MTM losses in Q1 on rising bond yields: Icra

The effect of the treasury losses will be felt more by public sector banks as they hold a higher share…

July 13, 2022 00:15 IST

RBI approves appointment of Meena Hemchandra as part-time chairman of Karur Vysya Bank

In May, the bank had recommended Hemchandra’s candidature for the position of non-executive independent (part-time) chairperson of the bank to…

July 12, 2022 16:11 IST

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