Page 30 - Banking Sector

Bank of India profit zooms 100% to Rs 1,051 crore on low provisions

Its net interest income, the interest earnings minus expense, fell 14.32 per cent in the reporting quarter to Rs 3,523 crore in Q2FY22

Best of BS Opinion: Towards net zero, banking accountability, and more

Here are the best of BS Opinion pieces of the day

Alchemist ARC to move Jaisalmer court against Pratip Chaudhuri's arrest

The Rajasthan Police had on Sunday arrested Chaudhuri in Delhi in connection with an alleged loan scam.

Be vigilant to vulnerabilities: RBI governor Shaktikanta Das to banks

The RBI data showed that credit growth is improving, albeit at a slower pace

Festive season: Credit card spends jump 57% in September, shows data

Credit card spends are much higher than pre-pandemic levels.

Appropriate governance standards at banks needed for public trust: RBI DG

Corporate governance is the cornerstone for any enterprise and it assumes a distinctly different undertone and importance for banks: RBI DG Jain

Bankers in a state of shock after former SBI chairman Chaudhuri's arrest

State Bank says deal on which Chaudhuri was arrested was done after he retired; ex-SBI chairman Rajnish Kumar calls arrest vendetta; pathetic, blasphemous say others

SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody

Case related to bad loan, sale of NPA at low value

Yes Bank appoints Sharad Sharma non-executive director

Sharma is a career banker with 40 years of experience in the banking industry

IDFC First Bank net profit up nearly 50% at Rs 152 cr in Sep qtr

Bank's provisioning for bad loans and contingencies were raised substantially for the September 2021 quarter at Rs 474.95 crore as bad loans moved up

BFSI Summit: There's so much to sell, everyone can make money, say experts

Panelists say banks shouldn't feel threatened by fintech companies, rather they should feel enabled

Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore

State-owned Punjab National Bank (PNB) on Wednesday reported a 78 per cent increase in net profit at Rs 1,105 crore for the second quarter ended September 30

Govt appoints KV Kamath as chairperson of newly set up Rs 20,000-cr DFI

Centre to appoint its two nominees this week

Banks must be ready for fully convertible capital account: RBI Dy Governor

Under fully accessible route, foreigners can have full access to specified securities; Over time, entire G-sec would be eligible for non-resident investment, says T Rabi Shankar

Peanut penalty and reputation risks for banks

Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for travelling without a ticket on a Mumbai local?

YES Bank Q2 net up 74% to Rs 225 cr on lower provisions, NII shrinks 23%

The lender will finalise partner ARC in 60 days, transfer NPA by March-end

IDBI Bank Q2 net profit surges 75% to Rs 567 cr; NIM improves

Its stock was down by 2.03 per cent to Rs 55.6 per share

Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter

The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies

Gross NPAs of banks may decline to 6.9% by March 2022: Report

Gross non-performing assets (NPAs) and net NPAs of banks are likely to decline to 6.9-7 per cent and 2.2-2.3 per cent, respectively, by the end of March 2022

BS BFSI Summit: Economic recovery is on but risks lie ahead, say economists

There is still uncertainty around domestic demand, capital expenditure by state governments, non-performing assets of the banking sector, and supply-side constraints