Page 71 of banking sector

"To ensure continuation of the synergies that have been developed between banks and NBFCs in delivering credit to the specified priority sectors, it has been decided to allow the… facility on an on-going basis," RBI said in a circular.

Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI

The facility of lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the…

May 13, 2022 18:39 IST

Our analysis shows that barring a few exceptions, most banks have not even begun to consider climate risks, let alone enact policies to mitigate and adapt.

Carbon Neutrality by 2070: Banks must factor in climate risks

Twenty-six of the 34 largest Indian banks have no disclosures on Scope 1 and 2 emissions. Only one has made…

May 13, 2022 04:00 IST

As RBI hikes interest rates by 40 bps, how expensive will EMIs be for borrowers? India Ratings explains

India Ratings said for a 15-year loan, a 50 basis points rate hike will increase EMI burden by upto 2.5…

May 9, 2022 15:27 IST

The progress in the pilot implementation is being monitored by a committee of the Reserve Bank of India, the IBA said in a statement.

75 districts to get digital banking units by July: Indian Banks’ Association

The move is in sync with finance minister Nirmala Sitharaman’s latest Budget announcement to set up these units in 75…

May 6, 2022 06:30 IST

Day after repo rate hike: Large banks raise rates

BoB’s new repo linked lending rate is 6.9%, while ICICI Bank’s EBLR stands at 8.1%. Other major banks’ websites are…

May 6, 2022 04:30 IST

Further, it said, banks have the option to engage digital business facilitators/ business correspondents in conformance with relevant regulations to expand the virtual footprint of DBUs.

Digital banking units in 75 districts likely to become operational by July

As per the guidelines, DBUs of the banks will be treated as banking outlets and each unit needs to be…

May 5, 2022 17:05 IST

Equitas SFB PAT rises 6%

“The bank achieved its highest-ever disbursement in Q4FY22. The demand for credit has come back to normal levels. With improving…

Updated: May 5, 2022 08:35 IST

Malhotra also impressed on the PSBs to explore more tie-ups among themselves and asked large banks to share their best practices with small lenders and guide them where they need more support and expertise.

Finance ministry asks state-run banks to raise capital from markets

While credit flow has improved in recent months amid prodding by the government, bankers are yet to shun risk aversion…

April 23, 2022 04:00 IST

Malhotra urged banks to further strengthen balance sheets and raise capital from the markets.

DFS Secretary asks banks to soar up balance sheet; raise capital from market

Manthan 2022 was held to brainstorm with the top leadership of public sector banks and unlock next-generation reforms while continuing…

Updated: April 22, 2022 18:49 IST

The ranking, which was based on the total assets, features the largest state lender SBI in 22nd position, whereas HDFC Bank occupied the 44th slot in the latest ranking. Among the top 25 lenders, only SBI and Industrial Bank Co of China have seen two notches jump in the ranking.

Indian banks better their ranks in Asia; ICICI Bank in top 50

The three lenders together have an asset size of $1.2 trillion, which is 2.1% of the aggregate assets of the…

April 21, 2022 01:00 IST

The issue on hand assumes a much larger dimension as the deposit holders and public at large expect a meticulous review to detect and protect the institution.

Strengthen banking mechanisms: A case for upgrading banks’ auditing

The increasing digitalisation of banking services has facilitated auditing, but has thrown up complex challenges

April 15, 2022 03:27 IST

HDFC Bank, HDFC Ltd, banking sector deals

HDFC merger’s domino effect: Fitch says HDFC twins deal could pave way for more banking M&A deals

“The proposed merger could redefine the competitive landscape for banks, and increase the prominence of M&A among banks seeking to…

April 12, 2022 17:45 IST

Uday Kotak, RBI monetary policy, RBI rate hike

Uday Kotak suggests 1% rate hike in FY2023, presents roadmap for RBI to get to 0% real interest rate

Kotak Mahindra Bank CEO Uday Kotak suggested that the central bank could raise rates four times this fiscal, with hikes…

April 11, 2022 12:35 IST

The guidelines follow an announcement in the FY23 Budget for setting up of 75 DBUs in 75 districts, and lay down the basic minimum services that a DBU must provide.

Digital banking to reach India’s interiors: RBI unveils norms for banks to set up DBUs

Any product or service which a bank is not permitted to offer shall not be offered by the DBU

April 8, 2022 03:15 IST

They see pre-provisioning operating profits for banks growing in the range of 6% to 7% during Q4FY22, even as net profit growth may be as high as 75% on a year-on-year (y-o-y) basis.

Analysts expect banks to report 6-7% operating profit growth in Q4FY22

Slippages are likely to remain modest, and an improved trend in recoveries and upgrades would result in an overall improvement…

April 7, 2022 04:50 IST

‘We’re seeing signs of a recovery — sector by sector, company by company’

In a conversation with Malini Bhupta, HSBC India’s CEO Hitendra Dave says he is looking to fortify the bank’s position…

April 1, 2022 08:33 IST

Therefore, the gross non-performing assets (GNPA) ratio of such industries may be sensitive to green energy transition, and their impact on the overall banking system needs to be monitored closely,” the report said.

RBI March bulletin: Transition to green energy may affect banks’ NPAs

The exposure of the banking sector has so far been very limited to alternative sources of energy

March 18, 2022 02:30 IST

Bankers say the recovered amount gets written back to their balance sheets.

Public sector banks’ net written-off loans to large borrowers plunge

This suggests a steady improvement in the financial status of public sector banks, who have largely cleaned up their books…

March 17, 2022 02:30 IST

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The Finance Minister introduced two new bills in the Lok Sabha to maintain high taxes on ‘sin goods’ like tobacco and pan masala after the GST compensation cess phase-out. The Central Excise (Amendment) Bill, 2025, will impose excise duty on tobacco, while ‘The Health Security se National Security Cess Bill, 2025’ will apply to the production of pan masala and other goods.

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