Page 70 of banking sector

Former SBI MD Ashwani Bhatia takes charge as Sebi whole-time member

Bhatia joined the group of the country’s largest public lender SBI in 1985 as a probationary officer.

June 2, 2022 03:30 IST

Ex-SBI executive Natarajan Sundar appointed NARCL chief

Sundar retired on April 30 as deputy managing director and chief credit officer at the bank, after having worked there…

June 1, 2022 08:30 IST

The value of loans deployed in the industrial sector — including large, medium, small and micro industry — grew 8.1% year-on-year (y-o-y) to `31.52 trillion as on April 22.

Bank credit to industry in April grows fastest in 8 yrs

ICICI Bank, too, has enhanced its focus on the small business segment. In April, the private lender launched a digital…

June 1, 2022 04:37 IST

"In so far as banking privatisation is concerned, there is already a statement on the floor of the house by the finance minister for making enabling provision. Advance action on this is underway," he said during the curtain raiser event 'Iconic Week of the Finance Ministry' to be held between June 6 and 12.

Advance action on bank privatisation underway: DFS secretary

As per the process, the core group of secretaries, headed by the Cabinet secretary, will send its recommendation to Alternative…

May 30, 2022 17:39 IST

Public-sector bank top brass to get extra cover for bonafide decisions

Having remained subdued over most part of the last two years, credit growth has improved in recent months, and the…

May 30, 2022 05:00 IST

Muthoot Finance Q4 PAT falls to Rs 1,006 crore

The Kochi-based NBFC’s consolidated revenue from operations fell almost 4% on year to 2,917 crore in the quarter under review.…

May 27, 2022 08:43 IST

BoI Q4 net jumps 142% on better asset quality

The bank made provisions of Rs 1,541 crore, which were lower by 4% on year. The state-owned lender’s pre-provisioning profits…

Updated: May 25, 2022 08:35 IST

"The ceiling on such loans is now revised to Rs 10 lakh in metropolitan centres (those centres with population of 10 lakh and above) and Rs 6 lakh in other centres," RBI said in a circular addressed to primary (urban) co-operative banks.

Primary co-op banks can lend up to Rs 10 lakh for repair of dwelling units: RBI

The ceiling on loans by such banks to individuals for carrying out repairs/additions/alterations to their dwelling units was revised upwards…

May 24, 2022 21:25 IST

Bank of India net profit jumps over two-fold to Rs 606 crore in March quarter

The total standalone income during the January-March quarter of 2021-22 rose to Rs 11,443.46 crore against Rs 11,155. 53 crore…

May 24, 2022 14:23 IST

"Evaluate the efficacy, adequacy and quality of customer service in entities regulated by RBI vis-à-vis the existing RBI guidelines on customer service and identify gaps, if any," is one of the terms of reference given to the panel.

RBI-constituted panel to review customer service standards in banks, NBFCs

The six-member committee headed by former RBI deputy governor B P Kanungo has been asked to submit a report within…

May 23, 2022 19:45 IST

HDFC Bank makes rural banking a separate vertical

The rural banking vertical will expand the bank’s distribution in the rural areas, will enter strategic partnerships with outside entities,…

Updated: May 20, 2022 08:41 IST

Bank advances rose by 10.07 per cent to Rs 119.54 lakh crore and deposits by 9.84 per cent to Rs 166.24 lakh crore in the previous fortnight ended April 22, 2022.

Bank credit grows 10.82 pc; deposits rise 9.71 pc: RBI data

In the fortnight ended May 7, 2021, bank advances stood at Rs 108.70 lakh crore and deposits at Rs 152.16…

May 19, 2022 21:21 IST

Bandhan Bank may not require microfinance loan recast

For the fourth quarter last fiscal, the bank’s collection efficiency, other than non-performing assets (NPAs) accounts, returned to the pre-Covid…

Updated: May 19, 2022 08:34 IST

Navi Technologies, which owns and operates Chaitanya India Fin Credit, said on Tuesday it would engage with the RBI to understand the reasons for rejection. Sachin Bansal, promoter of Navi Technologies, said at a press conference that the company would also consider whether it needs to appeal the decision.

RBI rejects applications of 6 entities for on-tap bank licence: Sachin Bansal’s Navi among applicants rejected

The applications of The Repatriates Cooperative Finance and Development Bank (REPCO Bank) and Pankaj Vaish for universal banks, and applications…

May 18, 2022 04:45 IST

Entities can file an appeal against the decision of the Central Board of Directors within a month, according to the guidelines.

Sachin Bansal to mull options as RBI rejects bank application

Chaitanya India is a microfinance subsidiary of Navi Technologies. Chaitanya India is a non-banking finance company (NBFC) which issues loans…

May 18, 2022 02:16 IST

Addressing his maiden press conference after taking over as the CII chief, Bajaj said the prospect of a normal monsoon season and the central bank’s move to hike the benchmark lending rate will help curb retail inflation, which “should put us in a better place” by the second half of this fiscal.

Allow large NBFCs to offer full banking services: CII chief

While India has only about 500-600 banks, including the regional rural ones, the US has a network of some 26,000…

May 17, 2022 05:30 IST

Government to soon clear Banks Board Bureau recast

The Appointments Committee of the Cabinet (ACC) would take a final call on whether to retain the board members or…

May 16, 2022 08:05 IST

Frauds in public sector banks dip 51% to Rs 40,295 crore; Cases not falling fast enough, says RBI

The country’s largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases.

May 15, 2022 15:26 IST

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Sebi’s comprehensive LODR review paper likely in 4–6 months: Pandey

Market8 hr ago

Sebi is planning to release a consultation paper in 4-6 months to review the LODR framework. The goal is to simplify regulations, reduce compliance burdens, and eliminate unnecessary provisions. Suggestions from industry stakeholders include clarifying ambiguities, accommodating new-age companies, and addressing promoter holdings.

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