Bankers

Bankers welcome surprise pause in hikes, feel RBI now focusing on growth

Bankers welcomed the status quo in rates from RBI on Thursday, calling it as an attempt to support growth. The RBI move on the regulatory front announced along with the first policy review of FY2023-24 also found support from the banker community. Industry lobby Indian Banks Association chairman A K Goel, who is also the chief executive of Punjab National Bank, said it is a welcome pause which could surprise the market. "Focus of RBI in this policy is to support growth as it wants to evaluate the effects of the previous rate actions to fully get transmitted into the economy," he said. SBI chairman Dinesh Khara termed it a "pleasant surprise" given the market talks of one more final rate hike. "With uncertainty looming large, this decision was perfectly timed. Simultaneously, the bouquet of regulatory initiatives like linking UPI to credit and developing the onshore market will spur innovations in product offerings," Khara said. Zarn Daruwala of foreign lender Standard Chartered B

Credit Suisse bankers seek new jobs, flood headhunters with calls

"If they aren't going to CSFB they will have to be emigrated into UBS fixed-income, which is a much smaller business than Credit Suisse," a headhunter said in an interview

Privatisation and debt are on the radar of bankers

Banks were challenged in 2022 by the sluggish growth in deposits, which have not kept pace with credit. One reason is that deposits, unlike debt mutual funds, do not offer any tax breaks

RBI not seen taking eye off inflation as prices may stay sticky in 2023

'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay

Hinduja sweetens offer for RCap to counter Torrent group's winning bid

CoC decide whether Hinduja offer is legally valid or not as e-auction has ended

After this year's IPO slump, bankers are now wary of relief in 2023

A mix of rising inflation and interest rate hikes aimed at taming it have hurt stock market valuations and eroded investor appetite for the high-growth IPO candidates that have driven deals

Canara Bank wins 'Banker's Bank of the Year Award 2022' for India

The winners are judged on their ability to deliver returns, strategy, innovation, technology and product & services in their respective geographies in the last 12 months

India's gas target of 15% was only aspirational. Time to give it up?

While several bankers and analysts have projected the difficulty of reaching this number, it is important to figure out where the target of 15 per cent came from

First green bond to attract mix of local and foreign buyers: Bankers

The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.

Bankers take to streets with megaphones, enlist grocers to lure customers

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%

As China-US ties worsen, Hong Kong bankers fear for their careers

The defiant tone President Xi Jinping took toward the US got those hardworking financiers scared.

Bankers association calls for strike on Nov 19 in protest of victimisation

Banking services across the nation will get affected on November 19, with members of the All India Bank Employees' Association (AIBEA) going on strike, said an official.

Loan Apps menace: Bankers too will be taken to task, warns AP DGP

: Bankers, along with others, would be made liable for extortion and abetment to suicide in instances involving death by suicide of borrowers (from loan apps), Andhra Pradesh Director General of Police K V Rajendranath Reddy has said. Telecom service providers, PlayStore\AppStore hosts, besides the apps developers would also be taken to task, the DGP told a press conference here on Friday. He said the AP Police have drawn up an action plan to curb the loan apps menace and also to educate gullible people against falling prey. In the last few months six people committed suicide in the state due to harassment by the loan apps operators. We have registered 75 cases and arrested 71 people involved in the nefarious operations, Rajendranath said. Also, 173 apps were banned so far and a sum of Rs 10.2 crore was frozen in the bank accounts. We are first identifying the developers of these loan apps. Most of them are based in China. They are entering into an agreement with PlayStore\AppStor

RBI asks banks to stop building positions in offshore market: Report

The build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee

Loan provisioning in banks: RBI for expected loss-based approach

With low NPAs and high provisions, time ripe for global standards: Bankers

Goldman cuts at least 25 bankers in Asia amid deal drought in China: Report

The reductions come after Goldman went on an unprecedented hiring spree in mainland China and Hong Kong last year as China opened its financial market fully to foreign brokerages and asset managers

Transferring 18 NPAs to bad bank by October-end a tall order: Bankers

There is no way that lenders can bypass established regulatory norms including the step of inviting counter bids under Swiss challenge method, they said

Govt clears ex-Standard Chartered banker as Sebi whole-time member

The appointment is for three years for a position vacant since November 2021

Competition may push deposit rates up over 100 bps by December: Bankers

There is, however, room for the deposit rates to rise, with the average one-year deposit rate for banks standing at 5.41 per cent

SC verdict in Mallya case will enhance recovery prospects: Bankers

Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment.