Page 73 of Banking sector News: Banking sector Latest News, Banking sector Today news, Banking sector Breaking News

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

According to estimates by people in the industry, the share of revolvers in the credit card market used to be around 40% pre-Covid and it has shrunk to 28% now.

Banks expect revolvers to make a slow return to credit card market

New customer additions in January 2022 stood at 13 lakh, down from 13.7 lakh in December 2021, even as the…

March 12, 2022 06:30 IST

State-owned banks on course to book better profits next fiscal: Report

Fitch Ratings in the report on Friday also said private sector banks are better placed to reap the benefits of…

March 11, 2022 14:41 IST

Banks huddle with RBI on Russia trade transactions

According to sources, the meeting was meant to take stock of the current situation and no alternative mechanism for processing…

March 5, 2022 05:00 IST

The rate of growth in fresh gold loans at banks has been stronger than at non-bank lenders over the same period, industry experts said.

Safer avenues of credit growth: Banks turn big players in gold loan

Prakash Agarwal, director and head – financial institutions, India Ratings, said, “Within the organised segment, growth in the banking sector…

March 3, 2022 03:45 IST

Swap auction is expected to withdraw approximately Rs 38,000 crore – a very small amount considering the huge surplus. But, it will have an impact on short-term rates, dealers said. Considering the current scenario, the swap auction is well planned to support exchange rate volatility caused due to global cues.

Dollar-rupee swap to suck out liquidity, support forex market

Currently, the liquidity is expected to be in surplus of around Rs 7.75 lakh crore.

March 3, 2022 01:00 IST

mutual fund, MF, Exchange Traded Funds, ETF, Actively Managed Fund, wealth creation, Provident Fund, PF, EPFO, benchmark index, financial planning, financial goals, risk, return, banking sector, banking sector investment, Index Fund, NPA, Systematic Investment Plan, SIP, Systematic Withdrawal Plan, SWP, ICICI Mutual Fund, Nifty Bank Index, Nifty Bank Fund index, Equity Linked Savings Scheme, ELSS, What makes ELSS the best investment option, save taxes, build wealth, Section 80C, equity instruments, long term capital gains, LTCG, SIP, systematic investment plan

Common challenges faced by a DIY investor

While starting if you do not have proper guidance or understanding, you are bound to end up making uninformed choices…

Updated: March 2, 2022 23:53 IST

Here is why investors should ignore market noise to create wealth from equity

Many investors rush to invest in stocks that are trending merely based on rumours or rush to exit a stock…

March 1, 2022 17:50 IST

Dhanlaxmi reported an 83% year-on-year decline in its third quarter net profit to Rs 2.03 crore.

Dhanlaxmi Bank aiming at healthy balance sheet

The bank expects net interest income and net interest margin to further improve in coming quarters as it starts accruing…

February 26, 2022 05:45 IST

While settling the law, a Bench comprising Justices L Nageshwara Rao and Vineet Saran accepted the stand of the consortium of banks led by Punjab National Bank that Section 35 of the Sarfaesi Act, 2002, provides that its provisions will have overriding effect on all other laws.

Sarfaesi overrides all laws: Banks’ dues priority over state taxes, says Supreme Court

Setting aside the Allahabad High Court judgment in favour of the department, the SC said that the contention of the…

February 25, 2022 05:30 IST

Top Trends to Witness in the Fintech Sector in 2022

By 2022, the fintech market value is expected to reach a valuation of $309.98 billion, which is twice more than…

Updated: February 24, 2022 15:27 IST

Page 73 of banking sector

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