Banking & Finance

Aditya Puri backs corporates in banking, says no harm in trying it

Late last year, an internal working group of RBI had proposed to re-allow corporates into banking, leading to a huge controversy on concerns over potential conflicts of interest.
aditya puri

Arun Alagappan resigns as Chola MD

Alagappan will be relieved from the services of the Chola effective February 14, 2021, the company said in a stock exchange disclosure.

chola, chola MD

HDFC Bank to implement digital action plan in 10-12 weeks

The bank has thought of several action plans from the strengthening of the disaster recovery (DR) mechanism to cloud strategy.

The bank said that it opened two million new accounts during the December quarter and the RBI directive to stop issuing new credit cards has not affected the bank’s deposit accretion.

Yes Bank board to meet on Friday to consider fund raising plan

The bank had floated follow-on public offer (FPO) of Rs 15,000 crore in July 2020 to shore up its buffers that have fallen below the regulatory thresholds. However, it was subscribed 95 per cent on th

Banks’ low profitability, weak asset quality pose difficulty in boosting digitisation: S&P

It said many banks in India have been quick to embrace new technologies to cater to a vast and growing, young, tech-savvy customer base.

The value of transactions processed via the UPI almost doubled in June to November 2020 from the year-ago period.

DHFL resolution: Lenders approve resolution plan submitted by Piramal Capital and Housing Finance Limited

Debt-ridden mortgage lender DHFL Ltd on Sunday said the Committee of Creditors (CoC) has approved resolution plan submitted by Piramal Capital and Housing Finance Limited

DHFL

Bank credit grows 3.2 pc in first nine months of FY21

Bank deposits rose 8.5 per cent to Rs 147.27 lakh crore in the April-December 2020 period as against an increase of 5.1 per cent a year ago, according to the recent data released by the Reserve Bank o

bank credit

RBI for more measures to improve governance at banks, NBFCs: Shaktikanta Das

“A good governance structure will have to be supported by effective risk management, compliance functions and assurance mechanisms.”

“A good governance structure will have to be supported by effective risk management, compliance functions and assurance mechanisms.”

HDFC Bank Q3 net rises 18% y-o-y

HDFC Bank on Saturday reported an 18% year-on-year (y-o-y) growth in net profit for the quarter ended December to Rs 8,578 crore on the back of a 15% y-o-y rise in net interest income (NII) to Rs 16,3

The bank’s pro forma net NPA ratio would have been 0.4%. Its reported gross NPA ratio in Q3 was 0.81% and net NPA ratio was 0.09%.

HDFC Bank penalises its executive for inadvertently selling shares

Tata, the chief credit officer, sold 1,400 shares of the bank held by him in what the lender termed as an "inadvertent trade"

HDFC Bank

Finmin looks at BIC model after RBI raises concern over zero coupon bonds for PSBs recap

The RBI has raised some issues with regard to calculation of an effective capital infusion made in any bank through this instrument issued at par, the sources said.

To save interest burden and ease the fiscal pressure, the government decided to issue zero-coupon bonds for meeting the capital needs of the banks.

HDFC Bank reports 18% jump in net profit to Rs 8,758 crore; gross NPA ratio at 0.81%

HDFC Bank’s net interest income for the previous quarter grew 15.1% to Rs 16,317 crore helped by growth in advances, which was at 15.6%.

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HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr

At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore.

Its total income increased to Rs 37,522 crore on a standalone basis compared to Rs 36,039 crore in the year-ago period.

RBI open to examining bad bank proposal, says Shaktikanta Das; wants lenders to identify risks early

Reserve Bank of India Governor Shaktikanta Das today said that the central bank is open to looking at a proposal around setting up a bad bank.

Budget 2021 has to be prudent and growth oriented says reserve bank of india RBI governor shaktikanta das

Non-food credit growth at eight-month high of 6.53%

Analysts expect loan growth in Q3 to have been robust on the back of festive demand and the government’s credit guarantee scheme for small businesses.

Most large banks have been saying that they are seeing a pick-up in economic activity and expect that to translate into higher loan growth, largely on the back of housing loans.

Studying The Gap: Only 32% of Indian homes pay digitally, though 68% have smartphones

At the same time, among people that do pay digitally, the use of payment apps is more widespread than that of online banking, the report said.

RBI’s Financial Stability Report: Private banks’ credit to PSUs grew in 2020, while PSB credit fell

While private banks’ exposure to public-sector units (PSUs) grew in double digits on a sequential basis in March, June and September 2020, PSB credit to this category of borrowers shrank in the June

RBI forms working group to evaluate digital lending

The move is the latest in the central bank’s attempt to tackle fly-by-night lending apps which have been offering digital loans to underserved customers. Of late, these platforms have come under the

The group will study all aspects of digital lending activities in the regulated financial sector as well as by unregulated players so that an appropriate regulatory approach can be put in place.

SBI’s FD rate hike may be sign of turn in rate cycle

For the time being, deposits are galloping at 10-11% year-on-year (YoY), while the non-food credit growth languishes at 5-6%. Bankers FE spoke to said the banking system and the money markets are seei

Narang said barring a few large entities, the cost of deposits for private banks is typically higher than that for public sector banks (PSBs).

Your Money: Tech trends that will shape fintech sector in 2021

Fintech has made banking easier as people can now perform all their banking-related tasks remotely from any device that has an internet connection.

The year 2021 promises to be “the year of the value chain” for the fintech sector.

SMA-2 ratio in wholesale segment rose to 7.2% in November from 1.7% in September

A similar accumulation of exposure is seen when gross outstanding at every SMA cohort is compared between August and November 2020.

PSU banks improve credit growth in September

The central bank had earlier allowed restructuring of personal and corporate loans impacted by Covid-19.

The share of large borrowers in the loan portfolios sustained its downward trajectory the central bank’s report showed.

RBI report: Loan losses at banks could double by Sept 2021

The system level capital to risk-weighted assets ratio (CRAR) is projected to drop to 14% in September 2021 from 15.6% in September 2020 under the baseline scenario and to 12.5% under the severe stres

In addition, banks will be called to meet the funding requirements of the economy as it traces a revival from the pandemic,” Das said.

RBI cancels licence of Osmanabad’s Vasantdada Nagari Sahakari Bank

On liquidation, every depositor is entitled to repayment of his/her deposits up to a monetary ceiling of Rs 5,00,000 from the Deposit Insurance and Credit Guarantee Corporation (DICGC), the RBI said.

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