Page 29 - Banking Sector

Privatisation of PSBs: Two-day bank strike from December 16

In the budget speech of 2021, Union Finance Minister Nirmala Sitharaman had said that two public sector banks will be privatised during the current fiscal

With Farm Laws Repeal Bill & crypto on agenda, winter session begins today

There are 10 economic Bills that are slated for the upcoming session

RBI stance signals easier framework for setting up banks, say experts

The RBI is yet to clearly spell out its position on conversion of non-banking finance companies into banks

Wilful defaults Rs 62,000 crore higher than before Covid pandemic

Public sector banks accounted for 77.4 per cent of the total amount outstanding at Rs 5.3 trillion as of June

Sahakar Bharati may seek tweaks in PMC Bank's draft merger scheme

Five-year interest holiday and final settlement at end of 10 years unfair to depositors

Bad-loan market may see a flurry of activity after lull of past few years

The bad loan market may get a boost from the fact that Centre may not indulge state-run banks anymore by recapitalising them as in the past

Govt to set up working groups to prepare action plan: Bank officials

Finance ministry is likely to constitute working groups which will define action plans that will be aimed at providing seamless credit flow to various sectors, bank executives said

Strengthening financial sector

Governance in the banking system needs to be improved

Banking sector strong today due to current regime's reforms: PM Modi

Banks have to adopt a partnership model and reach out to their customers in a proactive manner, Modi said

Dip in provisions helps PSB profits jump 94% to Rs 17,312 crore in Q2

The second quarter marked a gradual improvement after experiencing a setback from the pandemic in the April-June period.

Banks' core earnings face heat from poor credit growth, low yields on loans

Their gross interest income shrank for second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5% YoY

A brave new world of banking

The idea that a bank's lending function must be separate from its monetary function is gaining traction in the US

BFSI Summit: Worst is behind, slippages may rise, say India's top bankers

Speaking on fintechs, the bankers said the right way to go about this is collaboration, but they may also have to compete with these players for their share of the pie

RBI governor, top bankers to bring down curtains on BS-BFSI summit today

The most-awaited chat with the RBI governor will roll into the bankers' panel, bringing down the curtains on an incisive summit that ran for nine days, spanning 11 sessions

RBI imposes curbs on Maharashtra-based Babaji Date Mahila Sahakari Bank

RBI imposed several restrictions on the Maharashtra-based bank

Utkarsh Small Finance Bank reports Rs 38 cr profit for Apr-Sept FY22

The bank on Monday reported nearly 52 per cent decline in net profit

Best of BS Opinion: Pratip Chaudhuri's arrest, infinite learning, and more

Here are the best of BS Opinions of the day

Is the sparkle returning? Banks are now better placed to handhold India Inc

The growth instinct appears to have taken root, and banks are now better placed to handhold India Inc

Credit Suisse takes axe to broking biz after multibillion-dollar losses

The long-awaited reorganisation, however, fell short of the sweeping overhaul expected by some investors.

Next quarter onwards, hope to see positive growth: PNB Housing Finance CEO

On the retail side, for eight quarters, our portfolio shrank, but this quarter has witnessed flat growth, said CEO Prasad