Deposit

Bandhan Bank's total deposits in the fourth quarter of last fiscal stood at Rs 1,08,069 crore, registering a rise of 12.2 per cent over the same period a year ago, the private lender said. Loans and advances during the quarter ended March 31 was at Rs 1,09,112 crore, reflecting a year-on-year growth of 9.8 per cent, it said in a release. Collection efficiency of micro-lending during the period under review came in at 98.5 per cent as against 98 per cent a year ago. The Kolkata-based bank said its current account, savings account (CASA) in the quarter to March stood at Rs 42,471 crore, representing a growth of six per cent over the corresponding period a year ago. Bulk deposits were at Rs 31,125 crore compared with Rs 21,890 crore in the fourth quarter of 2021-22, registering a growth of 42.2 per cent. The loan coverage ratio (LCR) of the bank stood at 157 per cent during the reporting period, the release added.

Mayopoulos said on a Tuesday conference call with clients that the future of the bank "is still being charted," and that the company could be recapitalized, taken over by a new owner or wound down

On Sunday, regulators in New York closed Signature Bank. As of March 8, the bank still held $16.5 billion in crypto-related deposits

The hope is that setting up such a vehicle would reassure depositors and help contain any panic

In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts

Lenders may have to raise deposit rates at faster pace, says senior executive of agency

Rates on CPs, CDs surge; pressure mounts on banks to raise deposits

In the recent roadshows, the bank's management sounded confident of its ability to deliver both loan growth as well as deposit growth, a report by Macquarie Research said on Monday

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Rule applies to banks with deposits above Rs 100 crore; glide path till March 2026, to meet revised CAR norm in phases for UCBs that do not meet it currently

According to SBI's website, the interest rate on US dollar category deposits with maturities up to 2 and 3 years are up by 85 basis points to 2.85 per cent and 3 per cent

However, the figure is higher than the international benchmark of 20-30%

Amazon Pay India, the American e-commerce major's payments app, is also set to offer deposit booking services for its customers

The lender's net interest income grew by 9.4% YoY to Rs 1,418 cr in Q1FY22 compared to Rs 1,296 cr in the year-ago period

State Bank of India (SBI) has the financial strength to withstand tough operating conditions in the next 12 months due to its strong deposit franchise and liquidity, global rating agency S&P on Thursday said. The very high likelihood of the government support, if needed, provides a cushion to accentuated downside risks, it said in a statement. SBI's performance in the second quarter was broadly in line with our expectations of a rebound in performance after the lockdown, with uncertainty about the amount of incremental stressed assets emerging over the next six months, the rating agency said. The country's largest lender SBI on Wednesday reported a 55 per cent increase in its consolidated net profit to Rs 5,245.88 crore for the second quarter ended September 30, on account of decline in bad loans. "The bank has continued to cut the cost of deposits and boost its net interest margin, while peers have faced pressure from excess investments in lower-earning assets. Collection ...

PPBL has been witnessing an accelerated rise in the deposits, as more people are embracing digital banking during Covid-19.

Banks have a large pool of government bonds that are much above the SLR of 19.5%

2013 foreign currency non-resident deposits to mature in Sep-Nov