Page 3 - Banking Industry
Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront
Jagdishan took over from his larger-than-life mentor Aditya Puri
 "Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront")
Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%
The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands
 "Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%")
HDFC Bank draws up groundwork to regain credit card market share
Will come back with a bang once RBI lifts freeze, says bank
 "HDFC Bank draws up groundwork to regain credit card market share")
RBI proposes to lift interest rate cap on microfinance institutions
Proposes debt-income cap; common rules for all micro-loan lenders
 "RBI proposes to lift interest rate cap on microfinance institutions")
Good show by banks but can they sustain it?
Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic
 "Good show by banks but can they sustain it?")
How Bhavin Turakhia is building a 'bank in a box' stack for global markets
His firm Zeta aims to enable users to run any program--credit or debit card, savings a/c, deposits, loans, on a single modern cloud native platform without having to leverage any other vendor
 "How Bhavin Turakhia is building a 'bank in a box' stack for global markets")
The road ahead for State Bank of India
The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance
 "The road ahead for State Bank of India")
State Bank of India's domestic advances growth rebounds to 5.67% in FY21
SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021
'Iron fist needed': Congress slams Centre for 'weakening banking system'
The Opposition party has urged that the Centre handle fraudsters with an 'iron fist'
 "'Iron fist needed': Congress slams Centre for 'weakening banking system'")
Indian Bank to raise Rs 1,500-crore capital through tier I & II bonds
As of December 31, 2020, total capital adequacy ratio (CAR) stood at 14.06 per cent and tier 1 CAR was at 11.18 per cent
 "Indian Bank to raise Rs 1,500-crore capital through tier I & II bonds")
Dual regulation is bad
MFI issues won't be solved by state regulation
 "Dual regulation is bad")
Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000
Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day
 "Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000")
DCB Bank acquires equity stake in Bengaluru-based Techfino Capital
DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately 9% in Bengaluru-based NBFC company Techfino Capital Private Limited
 "DCB Bank acquires equity stake in Bengaluru-based Techfino Capital")
Banks will need to refund Rs 4,500 cr compound interest to borrowers
This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities
Second Covid-19 wave and lockdown lesser disruptors for banking sector
Valuations may not correct much here on as Street factors for less than 10 per cent growth for FY22
 "Second Covid-19 wave and lockdown lesser disruptors for banking sector")
Leading private banks to cancel auto-debit payments from April 1
RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in fines
 "Leading private banks to cancel auto-debit payments from April 1")
Retail loans set to become largest segment for Indian banking industry
Lenders depending on personal loans rather than industrial credit
 "Retail loans set to become largest segment for Indian banking industry")
IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future
India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over
 "IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future")
Bad bank may follow Swiss challenge method for price discovery of assets
Plan aimed at price discovery of assets; IBA working closely with FinMin, RBI
Too many questions on bad bank and infra DFI
Why do we need a bad bank, owned by the banks themselves, when there are at least 28 ARCs around?
