Page 34 - Banking Sector

Federal Bank posts 13% decline in net profit to Rs 356.8 cr for Jun quarter

Private sector lender Federal Bank on Friday posted a 12.87 per cent decline in its consolidated net profit for the June 2021 quarter to Rs 356.76 crore

RBI eases norms for loans given by banks to directors of other banks

The Reserve Bank of India (RBI) on Friday said banks without their boards' approval can sanction personal loans up to Rs 5 crore to directors of other banks.

RBI clarifies IDFC can exit bank as a promoter as lock-in period ends

IDFC announced receiving the RBI's approval in a notification to the exchanges

HDFC Bank dips 3% as June quarter results miss Street estimates

HDFC Bank's asset quality deteriorated marginally due to disruptions in collections on account of the second Covid wave

We helped shrink the working capital cycle: CredAble's Nirav Choksi

The fintech company is currently disbursing close to Rs 1,500 crore a month

Hope to get buyer for consumer biz by Q4: Citi India CEO Ashu Khullar

Despite being a foreign bank, we move 7-10 per cent of the Indian payment systems, says CEO Khullar

HDFC Bank writes off Rs 3,100-crore NPAs in the April-June quarter

Offloads Rs 1,800 crore of bad loans

Think digital, think detail to drive growth

The big question is - how will NBFCs re-align to changing customer expectations, technology developments and growing competition?

Bank nationalisation: 52 years and ticking

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve people

Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 cr in FY21: RTI

Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response.

Physical bank branches will continue to play key role in rural areas

Kotak Mahindra Bank Joint Managing Director Dipak Gupta said although retail customers have adopted phygital very fast, the non-retail customers are still dealing in cash.

External benchmark system improves monetary transmission: RBI Article

Private sector banks have exhibited increased pass-through to lending and deposit rates compared to public sector banks.

Big banks expand share in corporate lending amid pandemic stress

The corporate banking space had started consolidating even before Covid, driven by the RBI's steps on opening current accounts of corporates and others.

RBI proposes tweaks to capital-raising guidelines for urban co-op banks

The UCBs, it said, could raise share capital by issue of equity to persons within their area of operation enrolled as members and also through additional equity shares to the existing members.

Banks may encounter legal hurdles in invoking personal guarantees

Experts say most promoters don't register assets under their names

Credit card buys seen 8% lower in Apr-June quarter, say analysts

Among players in the credit card segment, HDFC Bank, despite a ban on issuing new credit cards, retained a sizeable, and, perhaps, the lar­gest market share in spends, at 27 per cent in May.

Pandemic helped all banks in improving digital transactions: CSB Bank CEO

CVR Rajendran, managing director, and chief executive officer of CSB Bank talks to Shine Jacob about the company's digital roadmap to touch 95 per cent mark, Covid-19 loans, the status of slippages

Banks explore option of invoking personal guarantee of promoters, says SC

Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. According to an estimate, top 10 personal guarantors have guaranteed debt of over Rs 1.6 lakh crore. Among the big names, former promoters of Bhushan Steel and Power Sanjay Singhal and his wife Aarti Singhal had furnished personal guarantees worth up to Rs 24,550 crore to take loans from a consortium of bank led by State Bank of India (SBI). The former promoter of Reliance Communications, Anil Ambani, has also given personal guarantee against the loan taken. Erstwhile promoter Wadhawan stands guarantee to loans taken by DHFL, which is sitting on debt of about Rs 90,000 crore, while Dhoot has also given personal guarantee to a portion of Rs 22,000 crore loan to Videocon. The Supreme Court in May had held that the November 15, 2019 government notification allowing creditors, usually ...

Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL

The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad

Deutsche Bank India branches report 48% jump in net profit in FY21

The bank had reported a net profit of Rs 1,031 crore in the year-ago period.