Page 70 of Banking

banking sector, credit growth, rate cut, repricing, interest margins, loan growth, operating profits, credit demand, credit costs, NPAs, NBFC segments, asset quality, ICRA

Banking sector Q1FY24 preview: Banks to post healthy quarter on loan, credit growth momentum

India’s banking sector is expected to post a healthy growth in the quarter ended June 2023 despite seasonal headwinds and…

July 13, 2023 08:02 IST

Bank of India targets $4-billion international business by 2026

Rajneesh Karnatak, MD & CEO, BoI, inaugurated the lender’s International Financial Services Banking Unit (IBU) in the GIFT SEZ area…

July 13, 2023 00:45 IST

Upbeat on transaction banking business in India: Standard Chartered MD

The MD said over the years the foreign lender has made significant investments in its technology platforms.

July 13, 2023 00:15 IST

Strong loan growth to propel NBFC earnings in Q1: Analysts

While high interest rates had previously dented the demand for home loans, analysts say that this negative impact has now…

July 13, 2023 00:05 IST

Must target 1 million CBDC transactions per day: RBI DG

“One thing is that we wanted to have one million customers (of CBDC) by June. We already have 1.3 million…

July 12, 2023 06:00 IST

RBI, RBI news, central bank, central bank news, loan news

RBI cancels licence of 2 co-op banks

Harihareshwar Sahakari Bank ceases to carry on banking business, with effect from the close of business on July 11, 2023,…

July 11, 2023 20:00 IST

RBI governor asks banks to remain extra careful and vigilant, focus on governance

The meetings were also attended by Deputy Governors, M Rajeshwar Rao and Swaminathan J, along with a few senior officials…

July 11, 2023 19:27 IST

SBI Cards CEO Rao Amara resigns, Abhijit Chakravorty to take over

He also managed SBI’s operations in Bangladesh, where he served as country head and CEO.

July 11, 2023 05:30 IST

assam, flood situation, grim rivers, above red mark

Assam floods unlikely to dent microlenders’ collection efficiency

MFIs also have a policy to give borrowers some kind of a collection break or relaxation during the period of…

July 11, 2023 05:00 IST

Securitisation, Securitisation volume, retail assets, banks, NBFC, loan, investors, credit growth, commercial vehicles, asset classes, PTCs, foreign banks

Securitisation volume rises 60% in Q1FY24 to Rs 55,000 crore, says Crisil

Securitisation volume increased by ~60 per cent on-year to Rs 55,000 crore this April-June quarter, CRISIL Ratings said in a…

July 10, 2023 15:39 IST

FM Nirmala Sitharaman nudges PSU banks to take swift action against frauds, wilful defaulters

In a recent meeting with heads of PSBs, the finance minister urged them to focus on having robust risk management…

July 9, 2023 17:13 IST

CBDC-UPI interoperability, fintech norms in the works

Sankar added that while various fintechs are focusing on innovation, there is a need for greater emphasis on regulation. That…

July 8, 2023 05:00 IST

Ensure loans to farmers, micro-enterprises: FM Nirmala Sitharaman to PSBs

The asset quality of PSBs has improved significantly with gross NPAs at 4.97% and net NPAs at 1.24% in March…

July 7, 2023 01:15 IST

US banks lose favor with European hedge funds, Goldman Sachs says

Overall, shares in European banks are outperforming U.S. peers as they did not face the deposit flight experienced in the…

Updated: July 6, 2023 10:40 IST

SBI, State Bank of India, Q1FY24, quarter results, profit, EBITDA, NII, NIM, banking sector, loans, provisions, deposits

SBI to buy SBICap Ventures for Rs 708 crore

SBI will acquire 60.4 million shares of SBICap Ventures, the exchange filing said.

July 5, 2023 02:45 IST

Should you have more than one bank account?

How many bank accounts should you have? Is one bank account enough or should you have more than one?

July 4, 2023 12:22 IST

Debadatta Chand takes charge as Bank of Baroda MD

Chand began his career in 1994 as an officer at Allahabad Bank and later worked as a manager at the…

July 2, 2023 03:30 IST

Aim to double every four years: HDFC Bank MD after merger

The erstwhile HDFC’s corporate headquarters at Ramon House already sports the HDFC Bank branding, and officials estimated that the entire…

July 1, 2023 18:54 IST

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Finance Ministry orders probe into allegations against Chennai customs officials

India News5 hr ago

Government orders inquiry into bribery allegations against Chennai customs officials by Wintrack, a Chennai-based firm. The company announced it will cease import/export activities in India due to harassment by customs officials. Government promises to take appropriate action and is committed to improving ease of doing business.

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