Page 66 of banking sector

Credit growth expected to improve aided by govt’s push on public spending

The GNPA ratio hit a six-year low of 5.9 per cent in FY22 but remained above the pre-asset quality review…

July 11, 2022 17:18 IST

Bankers FE spoke to said that it makes more sense to pursue recovery by all means possible rather than to wait for the full operationalisation of the National Asset Reconstruction Company (NARCL).

Dues recovery: Banks invoke Sarfaesi against telecom infrastructure provider GTL

Bankers said that the original list of 15 assets with an exposure of Rs 50,000 crore is bound to undergo…

July 11, 2022 05:40 IST

IBA seeks bids from advisory firms for designing leadership development programme for PSBs

The bidder will be selected under the Quality cum Cost Based System (QCBS) with weightages of 80:20 (80 per cent…

Updated: January 17, 2023 18:35 IST

With this, the bank has joined international and foreign banks such as JP Morgan Chase, HSBC and South Korea's Kookmin Bank, which have already made strides into the metaverse.

Digital banking to get human touch with metaverse

Future of banking could involve better customer connect through technology

July 10, 2022 06:00 IST

Even the National Automated Clearing House's bounce rates data for banks have been improving, though there are concerns regarding the SME segment.

Data Drive: A creditable showing

Asset quality of banks have improved steadily as gross non-performing loans of public sector banks declined to 6.7% in Q4FY22…

July 8, 2022 06:30 IST

“The treasury losses even if it is a high number, caused by 150-bps (basis points) increase in short-term interest rates during the quarter, should not be too worrisome as it is not a credit risk for banks. Banks partly offset this loss by a higher interest income on their investment portfolio over time,” analysts at KIE said.

Spike in bond yields: Treasury losses to hurt banks’ income, profitability in Q1

PSBs have requested RBI to let them spread the required provisioning against such losses through the four quarters of the…

July 8, 2022 00:15 IST

FM Nirmala Sitharaman to meet heads of banks; to review performance, governance reforms in RRBs

Currently, the Centre holds 50 per cent in RRBs, while 35 per cent and 15 per cent are with the…

July 7, 2022 14:32 IST

Yes Bank loans rise by 14pc by June-end; RBL Bank’s up by 7pc

RBL Bank said the data is provisional and being released ahead of the official announcement of the financial results for…

July 5, 2022 20:29 IST

Private banks report strong loan growth in Q1FY23

HDFC Bank purchased loans worth Rs 9,533 crore through the direct assignment route under the home loan arrangement with Housing…

July 5, 2022 04:57 IST

indusind bank, stocks to buy, bank stocks to buy

IndusInd Bank share price jumps 3% on strong Q1 performance; analysts bullish, see up to 61% further rally

IndusInd Bank share price jumped 3% on Monday after the private sector lender reported strong business performance in the first…

July 4, 2022 14:57 IST

Payments banks may ask RBI to let them lend

The industry intends to approach the regulator under the aegis of the Payments Council of India (PCI) and request it…

Updated: July 4, 2022 08:35 IST

The FSIB will even help these state-run banks, FIs and insurers in developing business strategies and capital raising plans, etc.

Financial Services Institutions Bureau: FSIB to be much more than just a headhunter

These functions will be in addition to its role in recommending candidates for appointment as whole-time directors and non-executive chairpersons…

July 3, 2022 06:15 IST

Indian Bank signs MoU with Government of Haryana

As per the agreement, the city-headquartered bank would provide e-upi coupons to beneficiaries.

July 2, 2022 16:01 IST

The DFS will then “notify the government resolution for establishing FSIB as a single entity for making recommendations” for the appointments of whole-time directors, non-executive chairmen in public sector banks (PSBs), state-run non-life insurance companies and other financial institutions.

Financial Services Institution Bureau: New entity with wider mandate to replace BBB

FSIB to do the same job but can carry out its functions without hiccups

July 2, 2022 04:15 IST

RBI ask banks to test note sorting machines on quarterly basis

An unfit note is the one that is not suitable for recycling because of its physical condition or belongs to…

July 1, 2022 17:12 IST

Government revamps BBB into Financial Services Institutions Bureau

Guidelines for selection of general managers and directors of public sector general insurance companies have been made part of FSIB,…

Updated: July 1, 2022 15:26 IST

Meja Urja Nigam raises Rs 250 cr short-term loan from Punjab National Bank

Meja Urja Nigam Private Limited (MUNPL) has tied up with PNB for a short-term loan of Rs 250 crore.

July 1, 2022 15:11 IST

Last week, in a meeting with chiefs of public-sector banks (PSBs), the finance ministry reviewed their asset quality, credit flow and capital-raising plans, and briefly discussed the consolidation exercise as well, sources said.

Finance ministry to do impact analysis of public-sector banks merger, seeks report from banks

This is the first time that the ministry has sought such a comprehensive report on the merger from these banks.

July 1, 2022 02:45 IST

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Page 66 of banking sector

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