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.
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.
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.
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.
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
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
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.”
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
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"
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.
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%.
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.
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.
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.
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
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
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.
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.
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
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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