Page 50 - Banking Sector

HDFC Bank third quarter net profit rises 14.36% to Rs 8,760 crore

HDFC bank is the largest private sector lender in India

RBI likely to propose stricter regulations for shadow banks: Report

RBI looks to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years

Wells Fargo records rare profit beat helped by stabilising credit costs

Wells has operated under a dark cloud since 2016, when details emerged about millions of phony accounts employees had created in customers' names

Citigroup quarterly profit beats estimates as loan loss provisions slow

Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

JPMorgan profit jumps 42% on reserve release, investment banking strength

The big US lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses

Best of BS Opinion: Banking revival in 2021, govt's push for DFIs & more

Here are the top opinion pieces of the day

Bank credit growth rises to 6.6% in fortnight to January 1, shows data

Bank credit rose by Rs 1.57 trillion in the last fortnight of Q3FY21.

Morgan Stanley names new country head in India promotion spree

Sanjay Shah will be the bank's country head for India, effective immediately

Bank Investment Company may be approved in upcoming Budget, finally

A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity

Banks' gross NPAs may rise to 13.5% by Sept: Financial stability report

Banks will have to brace for a rollback of regulatory forbearance that was announced in the wake of Covid-19, and enhance their capital positions, the RBI said

Capitalisation worries for banks to get bigger: Financial stability report

The low valuations of state-run banks also make it difficult for them to tap the market

Top MFI bodies plan to move Supreme Court over Assam's micro-loan Bill

MFIN, Sa-Dhan, banking association in informal talks; RBI to be made party

Indian banks' bad loans may rise significantly: Financial stability report

Indian banks may see bad loans double despite signs of an improvement in the economic impact of the Covid-19 pandemic

NPA estimates: Street's optimism at odds with the RBI's pessimism

Regulator's projections higher by 250-350 bps, analysts may have jumped gun on faster recovery

Statsguru: Recovery uneven, but upturns expected in banking, construction

Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent

NPA classification period likely to get 30-day extension as bad loans mount

Move to increase 90-day window to 120 days to give more time to borrowers to service loans

Listed commercial banks may post 5.5% rise in third quarter net profit

Their net revenues could expand by just about 1.8 per cent in the reporting period, according to Bloomberg estimates

Best of BS Opinion: Banking's game of pretend, Japanese biz custom & more

Here's a selection of Business Standard opinion pieces for the day

Firms likely to raise $5 billion through dollar bond sales in January

In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million

Banking's game of pretend: It's time we recognised the fate of govt banks

The only feasible way to have a healthy banking sector could be making it mostly private, along with two or three large, better-run government banks, writes T N Ninan