Page 39 - Banking Sector

State Bank of India Q4 profit up 80% at Rs 6,451 crore, beats estimates

Lender posts highest-ever full year net profit of over Rs 20,000 crore

South Indian Bank reports Rs 7 crore net profit in March quarter

The bank reported a net interest income of Rs 561 crore, down 6 per cent year-on-year (YoY)

SBI's March quarter showing impresses Street; stock jumps over 5%

Sequential comparisons indicate economic activity did not pick up

Banks may transfer 80 large NPA accounts for resolution to National ARC

It is expected that NPAs over Rs 2 trillion will move out of the books of the banks to the bad bank

RBI asks PSBs to implement recently announced measures 'in right earnest'

RBI Governor urges banks to continue focusing on enhancing resilience of their balance sheets

Mumbai Angels back cloud-based neobank Nemo with undisclosed funding amount

A brainchild of IIM Ahmedabad alumni, Nemo is creating a unique business that aims to empower Indian MSMEs with the financial tools, resources, and networks that large corporations have access to

God's own patience: Meet Padmakumar Madhavan Nair, MD & CEO of NARCL

His staying power was in evidence during the groundwork for the resolution of the debt owed by Anil Ambani-controlled Reliance Communication which involved over 50 lenders

State Bank of India's Padmakumar M Nair named as CEO of proposed bad bank

Prior to his elevation in 2020, he worked as general manager in the SARG from 2017.

Govt likely to drop plan to decriminalise cheque bounce offences

It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call

Jose Kattoor named RBI Executive Director with effect from May 4

In charge of Human Resource Mgt Dept, Corporate Strategy and Budget Dept and Rajbhasha

Why Citibank is selling its consumer business in India

It's a strategic decision by Citigroup's new CEO, not a reflection on its India operations. Regulators' displeasure and investors' ire are behind it

With banks blindsided by Covid-19, incidence of fraud may well have gone up

RBI's supervisory load has also gone up, with both non-banking financial companies and urban co-operative banks coming under closer scrutiny

MFIs, banks need to revisit micro-loan pricing: CreditAccess Grameen MD

Udaya Kumar Hebbar comes across as a contrarian when he says that the industry has learnt to navigate lockdowns

DCB Bank net profit rises 13% to Rs 78 crore in January-March quarter

The bank's asset quality worsened with the gross NPAs spiking to 4.09% of the gross advances as of March 31, 2021

Bank credit shrinks by Rs 89,087 cr in April on second wave impact

The bank credit expanded by 5.7 per cent in 12 months till April 23, 2021, as against 6.8 per cent a year ago

Markets may be ignoring banks' NPA risk from second coronavirus wave

New measures allow banks to defer full recognition of NPAs, encourage lending to areas having high probability of defaults

RBI's rescue act

The move to avoid the moratorium route is a wise one

RBL Bank net declines 34% in Q4 on higher provisions, drop in NII

Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period

Covid-19 second wave: Clamour for packages for banks and NBFCs grows

Senior bankers say the situation had become serious and it was tough to gauge the economic impact

RBL Bank Q4 net dives 34% as provisions on credit cards, MFI loans rise

RBL is a small-sized private lender