Page 24 - Banking Sector

How did a five-member external jury select the BS Banker of the Year?

The jury picks Sandeep Bakhshi for ICICI Bank's remarkable turnaround in the face of a difficult legacy

Small can be more beautiful: Biz model of SFBs may need to be tweaked

SFBs have been around for nearly five years now, but no study has yet mapped their story so far

The deadweight of banking fraud in India: What's the weak link?

Fraud doubled in value to Rs 1.85 trillion in FY20, which is nearly equal to the recapitalisation amount injected into state-run banks during the year

Banking sector is slowly emerging from after-effects of 3 waves of Covid-19

For the banking sector, it will be a tough year, with more to negotiate

Recouping lost credit card share to be 'gradual', says HDFC Bank

Analysts expect the bank's underperformance to reverse

Ukraine impact: India's private banks may feel the heat from weak macros

Analysts though have 'buy' recommendations on most private banks

March out of retail: Why are foreign banks clinging to corporate banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space

Moderate asset quality pressure may re-emerge for banks: Fitch

Moderate pressures on asset quality of Indian banks may re-emerge as forbearance starts to unwind from 2023, Fitch Ratings said on Friday

Bank loans rose 7.9% YoY in two weeks to Feb 25, deposits up 8.6%: RBI

March 11 (Reuters) - Indian banks' loans rose 7.9% in the two weeks to Feb. 25 from a year earlier, while deposits rose 8.6%, the Reserve Bank of India's weekly statistical supplement showed

Innovative tech creating unprecedented disruption in banking sector: Khara

Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday. Banks have adopted the digital revolution, which has reduced their cost and widened the area of services they offer, he added. "Digital innovation is redefining industries and changing the way businesses function. Digitisation and innovative technologies are creating unprecedented disruption in the banking sector and the rate of change is accelerating," Khara said at a Dun & Bradstreet event. Today, digitisation and digital innovations have become a strategic priority for the banking industry, he noted. "Banks need to be agile and nimble as technology increases customer expectation and the regulatory landscape also evolves rapidly to keep pace with technological advancement," he said. According to Khara, there is a realisation among banks that the

Canara Bank raises Rs 1,000 cr through Basel-III compliant AT-1 bonds

The bonds carry coupon rate of 8.07 per cent per annum

Urban cooperative banks get relief for investing in umbrella organisation

The banking regulator has exempted the UCBs from both the norms.

Banks concerned as trade settlements with Russia stall in face of sanctions

The extent of the payments that are stalled is not clear at the moment and RBI is trying to assess it

From banking to sports to vodka, Russia's isolation grows amid Ukraine war

It's a globalised world a planet stitched together by intricate supply chains, banking, sports and countless other threads of deep connection. Until it isn't.

ABG Shipyard's debt conversion in bankruptcy case adhered to rules: Banks

The CBI, which examined top executives of ICICI Bank last week, is expected to call officials of some public sector banks in the coming week

LIC IPO: Bankers buy time to decide on valuations amid market mayhem

Domestic institutional investors, including mutual funds, are keeping their powder dry to invest in LIC's offering

DBS Bank India migrates to new IFSC and MICR codes of erstwhile LVB

Following the amalgamation with DBIL, the IFSC & MICR codes of all branches of erstwhile LVB have changed. While the new codes have been active since October 25, 2021, the older IFSC codes will remain valid until February 28, 2022, to ensure customers' convenience and ease of transition. Customers will be required to use the new DBS IFSC code from March 1, 2022, onwards to receive funds through NEFT/RTGS/IMPS.The change was communicated to customers through physical letters, emails, and SMS as well as at the branches. They were requested to share the new IFSC code with business partners, associates and vendors to update their records, recurring payments and receivables well in time. All existing cheques issued to the third party will have to be replaced with new cheques before February 28, 2022. Any cheque with old MICR codes presented after the aforementioned date will not be honoured.New cheque books (with new MICR code) have been available since 1st November 2021. Customers ..

Rupee sinks 109 paise, worst in Asia; RBI intervenes to reduce volatility

Rupee may breach 76/$ if geopolitical tensions persist

PSB recap bonds fair valuing to dent Tier-1 capital up to 1.75%: Ind-Ra

The rating agency said it understands that the five recipient PSBs may need to value zero-interest bonds at fair value instead of par value

HSBC says its profit tripled in 2021 to $12.6 billion, outlook 'good'

The bank sold its French retail business to American investment group Cerberus in June, marking another step in plans to focus on Asia and trim exposure to Europe and North America