Banking & Finance

Good news! Unions call-off bank strike; lenders to remain open on these days

September Bank strike called-off: Bank officers have called-off their proposed two-day strike that would have affected the banking operations for four days.
SBI, Bank Strike, PNB, Dates of Bank Strike, Bank Strike News

FE Best Banks: The jury is in, the countdown begins

For 2017-18, the members felt Bajaj Finance was the deserving candidate at a time when the sector has been going through severe stress.

FE Best Banks 2019 has been awarding top performers in the NBFCs and small finance bank spaces. News

SBI likely to soon launch co-lending model with mid to large-sized NBFCs

Now, integration of technology of both the bank and NBFCs is underway," Varma said. He said the co-lending model would help the bank to meet the priority sector lending target.

Banking & Finance News

Corporate credit likely to pick up from October: SBI

According to him, nobody would come for fresh borrowing with around 70-80% capacity utilisation for corporate sector, “Nobody is willing to commit new capital expenditure.

Corporate credit, SBI, Corporate loan, Corporate tax, retail credit, negative growth, Private sector, corporate sector, capital expenditure News

Good news for banks, earnings to rise up to 12 per cent after tax cut

Rajiv Mehta, lead analyst-institutional equities, Yes Securities, said that the direct benefit of the massive tax cut would be to the extent of around 15% on earnings, 2.5-5% on book value and 30-80 b

Banks earning, HDFC, ICICI, Public sector bank, PSB, IndusInd Bank, RBL Bank, Federal Bank, corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019 News

RBI to ensure mega bank mergers are non-disruptive, says Shatikanta Das

The governor said the transition has to be non-disruptive in terms of credit disbursements, loan repayments, loan collections and all other functions of banking should not be affected.

Banking & Finance News

IDBI Bank to seek exemption from RoA criterion to exit RBI’s prompt corrective action

At the end of June, IDBI Bank had a CRAR of 8.14% and a net NPA ratio of 8.02%. Its RoA stood at (-)4.96% and it posted a net loss of Rs 3,800 crore for the quarter ended June.

Bank of India, Bank of Maharashtra, Allahabad Bank, Corporation Bank, Oriental Bank of Commerce, OBC, Dhanlaxmi Bank, PCA, industry news, banking news, LIC, IDBI Bank  News

Private placement of NCDs up 47 per cent this fiscal

Mahendra Jajoo, head of fixed income at Mirae Asset Mutual Fund, pointed out that public sector organisations like Power Finance Corporation (PFC), Rural Electrification Corporation (REC), Indian Oil

Banks earning, HDFC, ICICI, Public sector bank, PSB, IndusInd Bank, RBL Bank, Federal Bank, corporation tax rate, corporation tax cut, corporate tax, corporate tax rate, corporate tax in india, corporate tax rate india, Narendra Modi, nirmala sitharaman, financial express, financial express opinion, corporate tax rate 2019 News

Modi govt to protect honest bank officers from CBI, ED action

Bank Loan: Modi govt's decision to shield honest bank officers is considered crucial for the success of its efforts to significantly expand the credit.

narendra modi, prime minister, historic move, corporate tax cut, tax cut, nirmala sitharaman, 5 trillion economy News

Banks with exposure to poorly-run NBFCs will have to take larger haircuts, warns RBI Governor Shaktikanta Das

Das' comment on non-banking finance companies (NBFCs) comes at a time when banks are grappling with the resolution of stressed cases like their over Rs 50,000 crore dues from mortgage financier DHFL.

Banking & Finance News

Nirmala Sitharaman reviews liquidity situation: PSU banks to hold loan melas for NBFCs, retail borrowers

Finance Minister Nirmala Sitharaman on Thursday said that the banks have started moving in the direction of reforms announced by the government.

Finance Minister Nirmala Sitharaman (File photo) News

Google Pay the king of UPI payments in India with $110 billion in annual transactions

At nearly Rs 8 lakh crore (annualised) with 6.7 crore monthly users, the transaction value on two-year old Google Pay dwarfs that on the entire mobile wallet community including Paytm many times over

digital payments, digital transactions News

Realtors’ rising cash-crunch poses more risks to banks: Report

Poor liquidity had last week forced Altico Capital to default on an under-Rs 20-crore scheduled interest payment on an ECB loan from Masherq Bank of the UAE.

Banking & Finance News

Aditya Puri on slowdown: Diwali to be good for HDFC Bank; India will be best financial market in 5 yrs

Even as the economy reels under a growth slowdown, upcoming Diwali is expected to be good for HDFC Bank and its partners, Aditya Puri, MD, HDFC Bank.

On the asset quality front, HDFC Bank is the only lender that has not been affected by the NPA (Non-Performing Assets) pain in all these years, Shah said. News

Banks closed for five days in a row later this month? Services to be hit

Bank services will be hit later this month, for as much as five days in a row in case of PSU banks from September 26 to September 30.

Bank News

Top NBFC bets on RBI easing to end credit crisis even as fresh strains emerge in sector

Pushed by a year of distress in India’s shadow banking sector, policy makers have announced a series of measures to calm the credit market.

Banking & Finance News

Interest rate challenge: RBI not in favour of fixed-cum-floating teaser loans

The central bank is likely to take such a view following comments from State Bank of India chairman Rajnish Kumar that the lender would seek clarifications from the RBI on whether it could offer long-

Banking & Finance News

RBI yet to hear from any banks on fixed-cum-floating loans

Earlier this month, RBI had mandated banks to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark from October 1.

rbi, reserved bank of india News

After banks, RBI plans to structure loan rates of NBFCs, HFCs

On September 4, the RBI had mandated all commercial banks to link all their new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark from October 1.

Banking & Finance News

Allahabad Bank to offer repo linked retail, small business loans from October

The decision has come in line with the Reserve Bank of India guidelines of September 4, 2019, Allahabad Bank said in a regulatory filing.

The products will be available for general public with effect from October 1, 2019, Allahabad Bank said. News

Indian Bank board gives in-principle approval to merge Allahabad Bank with itself

It also cleared the proposed infusion of capital by the government up to Rs 5,000 crore in the bank by way of preferential issue of shares, Indian Bank said in a statement.

The board after deliberations conveyed its in-principle approval for the amalgamation of Allahabad Bank with Indian Bank, it said. News

Bankers can now take decision without fear; CVC sets up panel to examine fraud

The Reserve Bank of India (RBI) will provide required secretarial services, logistic and analytical support along with the necessary funding to the board headquartered in Delhi.

The panel in its previous avatar was called the 'Advisory Board on Bank, Commercial and Financial Frauds'. News

Reduction of risk weight on consumer loans credit negative, says Moody’s

A benign credit environment, characterized by relatively low credit costs across all key retail loan segments, was a key driver of this growth as it prompted banks to focus on personal loans for their

Personal loan growth has been particularly strong among large private sector banks. News

Allahabad Bank to link large savings deposit to repo rate

Bankers have long argued that it is not viable to price loans using external benchmarks unless deposits are also linked to such benchmarks. State Bank of India (SBI) was the first to link savings acco

Allahabad Bank, large savings deposit, repo rate, industry news, banking news
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