Page 26 - Banking Sector

Airtel Payments Bank customers' deposit surges 75% to Rs 1,000 cr in 2021

Money deposited with Airtel Payments Bank surged 75 per cent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said.

Wall St: Investors may take shelter in US regional banks as Fed hikes loom

Treasury yields have risen in anticipation of tighter policy, with those on the benchmark 10-year Treasury up 40 basis points from recent lows.

Rupee rises 8 paise to close at 74.43 against US dollar on easing oil price

The rupee advanced by 8 paise to close at 74.43 (provisional) against the US dollar on Friday on the back of easing crude oil prices and dollar selling by banks and exporters.

Bankers need not have heartburn, LIC staff deserved better pay: AIIEA

The employees of Life Insurance Corporation of India (LIC), deserved a good wage revision based on their performance and they got it, said AIIEA

Tech, banking among sectors that will be the hottest stock picks for 2022

The sustained boom in global tech spending, a revival of local housing demand and a rebound in bank earnings are expected to be among the key drivers of gains for India's stock market this year

PMC Bank merger with Unity Small Finance Bank awaits govt approval

The proposed merger of debt-ridden Punjab and Maharashtra Cooperative Bank with Unity Small Finance Bank is being examined and the process of amalgamation will start after the government approval

SBI hikes interest rates on fixed deposits by up to 10 basis points

State Bank of India, the country's largest lender, on Saturday increased interest rates on fixed deposit (FD) by upto 10 basis points or 0.10 per cent.

Bank credit grows 9.16%, deposits up 10.28%, says RBI data

In the previous fortnight ended December 17, 2021, bank advances had risen by 7.27 per cent and deposits went up by 9.58 per cent

REC raises $1,175 million from a consortium of seven banks

State-owned REC has raised USD 1,175 million from a consortium of seven banks.

Libor, the most important number in international finance, dies at 52

The interest benchmark once underpinned more than $300 trn in financial contracts but was undone after a year long market-rigging scandal came to light

State Bank of India raises $300 million of Regulation S Formosa bonds

Formosa bond is a bond issued in Taiwan

Ex-RBI governor Urjit Patel appointed as vice president of AIIB

Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB)

SBI invites applications for head of digital banking till January 28

The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28.

CSB Bank eyes new highs as CEO CVR Rajendran retires on health grounds

Those close to the operations of the bank indicate it was Rajendran's efforts that transformed it from an old private sector bank to a new-generation one

RBI hikes threshold for deposits of non-financial small biz customers

This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale

The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender.

Bandhan Bank collection efficiency ratio increases to 93 pc in December

Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31

Airtel Payments Bank gets permission to function as scheduled bank from RBI

Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users

Large, mid-sized banks report 11-23% loan growth in December quarter

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021

SBI: A limited account

The book gives several examples of government interference in the working of the bank, despite the then finance minister's assurances to the contrary in Parliament