Page 44 - Banking Sector

Suryoday Small Finance Bank initial public offer subscribed 42% on day 1

Suryoday Small Finance Bank's initial public offer was subscribed 42 per cent on Wednesday

AT1 cloud likely to hit banks' capital-raising plans, say experts

They have planned to raise about Rs 30,000 crore through this route

Banking services disrupted across Maharashtra on Day 2 of nationwide strike

The two-day pan-India bank strike ended today, with the disruption in services including cash withdrawals, deposits, loan disbursements and cheque clearances hitting customers hard across Maharashtra.

RBI strengthening institutional mechanism to prevent bank frauds: FM

Sitharaman on Tuesday informed Parliament that the Reserve Bank of India is taking measures to strengthen its regulatory and supervisory capacity

Credit Suisse flags possible charge from Greensill fallout

The lender has been facing the fallout from the collapse of $10 billion worth of funds linked to British financial services firm Greensill Capital

Cheque clearing to be done at all bank branches by September 30

The measure was first announced during February policy meet of RBI, but the guidelines were to be issued by March

Banking services hit in Punjab, Haryana as unions protest privatisation

Employees under the aegis of the United Forum of Bank Unions went on a two-day countrywide strike

Nationwide bank strike: Cheques worth Rs 16,500 crore stuck

A nationwide strike called by the United Forum of Bank Union in protest against privatisation of the government banks has begun

PSB bank services hit in Bengal as unions protest against privatisation

Banking operations were severely hit in West Bengal on Monday

Bank operations may be hit on Mon, Tue due to nationwide unions' strike

United Forum of Bank Unions (UFBU) has given a call for a nationwide strike to protest against the proposed privatisation of two state-owned lenders

Don't compare us with legacy banks: Aeldra Financial's Sukeert Shanker

We want to be the first truly global consumer bank. Some banks have an international presence, but continue to be country-bound on the consumer side, says Shanker

Emerging markets bank support robust despite resolution regimes: Fitch

Government support for banks in emerging markets is unlikely to weaken materially despite greater adoption of bank resolution regimes, Fitch Ratings has said

Bank privatisation as an experiment

The government must test the efficacy of privatising two banks first before going the whole hog

Government-owned bad bank is more capital efficient: Report

A brokerage has called for government ownership, saying state-funding is more capital efficient

After outage, Trai puts on hold regulation on pesky SMS for one week

Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai's new regulations which came into effect on Monday

Lenders 'can't be asleep', must suffer compensation cut for bad loans: CEA

Ever-greening and zombie loans lead to sub-optimal capital allocation, says Chief Economic Advisor.

5 of 12 large NPAs complete transfer of management control

Central bank mandated the companies for resolution; BPSL, Jaypee Infratech and Amtek Auto in last leg of that process

Expect moderately worse banking sector outlook for next fiscal: Fitch

The plan is well below Fitch's estimated capital requirement of USD 15 billion to USD 58 billion under varying stress scenarios

Amalgamation has led to all-round gains for merged entity: Indian Bank MD

In a Q&A, Padmaja Chundru says issues like equal stature of Allahabad Bank and Indian Bank and retirement of 10 GMs were addressed fairly with continuous communication with staff and customers

Indian banks' modest recovery faces challenges from Covid-19 stress: Fitch

The impact of Covid-19 pandemic is likely to pose challenges to improving financial performance of Indian banks, the report said