Page 47 - Banking Sector

BS Technology Round Table: Covid-19 pandemic sends digital payments soaring

At the Business Standard Unlock BFSI 2.0, leading minds of the payments industry and fintech players discuss the opportunities and challenges thrown up by Covid

Only banks can provide retail push to G-Secs

Retail investors need banks to play the role of market maker, facilitate KYC, and turn G-Sec into an FD-like product from the government

Decoded: What are pro forma NPAs and how does that impact borrowers?

An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis

Economic recovery lowers risk of PSBs' asset quality deterioration: Moody's

Moody's Investors Service on Thursday said India's economic recovery reduces the risk of a sharp deterioration in public sector banks' asset quality

YES Bank will stay away from large corporate borrowers: CEO Prashant Kumar

Says foreign firms keen to invest in proposed ARC

Bank of India Q3 net profit jumps over five-fold to Rs 540.72 cr

The firm reported a more than five-fold jump in standalone net profit for the quarter ended in December

With worst behind, DBS gets ready for what comes next, normalcy or not

DBS's Tier 1 common equity capital is both robust at about 14% of risk-weighted assets, and not a lot lower from pre-pandemic levels

Pre-pack scheme for insolvency banks on fair debtor-creditor ties

The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome

Complaints against banks and mobile banking to RBI soar: Report

Disposal rate of more than 92 per cent was achieved, according to the RBI

Dhanlaxmi Bank net profit plunges 44.5% to Rs 12 crore in December qtr

Dhanlaxmi Bank on Tuesday registered 44.5 per cent dip in net profit to Rs 11.81 crore in the third quarter ended December 2020 on muted retail business even as bad loan ratio declined.

Indian Overseas Bank posts net profit of Rs 213 crore in December quarter

The firm posted a net profit of Rs 212.87 crore for the quarter ending December 2020 as provisions for bad loans declined

Central Bank of India third quarter net profit up 6.5% at Rs 165 crore

The firm reported a 6.5 per cent rise in its net profit to Rs 165.41 crore in the third quarter ended December

The what, why & how of bank privatisation

The government must continue to own a few big banks to address market failures.

Punjab & Sind Bank loss zooms to Rs 2,375 cr in Q3 as provisions spike

Punjab & Sind Bank on Saturday said its net loss in December quarter 2020-21 spiralled to Rs 2,375.53 crore on higher provisions for bad loans. The lender had posted a net loss of Rs 255.49 crore in the same period a year ago. In September quarter also, the bank had a loss of Rs 401.27 crore. Total income in the quarter under review also fell to Rs 1,982.52 crore from Rs 2,077.01 crore in the same period of 2019-20, Punjab & Sind Bank said in a regulatory filing. Net income fell 9.1 per cent to Rs 1,763.10 crore and income on investments was down 12.1 per cent to Rs 455.42 crore. The bank's gross non-performing assets (NPAs) remained high at 13.14 per cent of the gross advances as of December 31, 2020, compared to 13.58 per cent by the year-ago same period. In value terms, gross NPAs or bad loans stood at Rs 8,489.89 crore by the end of December 2020 as against Rs 8,923.49 crore earlier. Net NPAs came down significantly at 2.84 per cent (Rs 1,638.25 crore) as against 8.71 per .

PNB receives loan rejig requests of only Rs 12,000 crore, says PNB MD

Restructuring sought for corporate loans has been worth Rs 9,000 crore

Punjab National Bank to raise Rs 3,200 cr from share sale this quarter

The bank looks to enhance its capital base

Govt support for bank borrowers softened rise in bad loans: Moody's

The support has averted a sharp asset quality deterioration, Moody's Investors Service said

ICICI Bank, MUFG Bank tie up for serving Japanese firms operating in India

The tie-up is set to focus on the business generated by companies from the eastern Asian country present in India

Option to remain a large NBFC 'very much on the table': HDFC group CEO

Mistry said he was confident that bounce back in demand for home loans would continue

Banks to seek leeway from RBI for new asset reconstruction company

Senior bankers said over 70 per cent provision for assets will be moved to the ARC