Page 51 - Banking Sector

Pvt banks report healthy deposit accretions, sluggish advances growth in Q3

Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter

Banking in 2021 --Winning beyond Covid

The strong, dynamic, innovative and proactive policy response of the RBI and the government went a long way to stabilise the system

Faced with high growth in traffic, banks to ramp up digital capabilities

They will soon take a call on tech spending

Bank credit growth slows in Q2; personal loans maintain double-digit growth

Industrial credit, however, contracted 1.7 per cent YoY and its share in total credit was nearly 30 per cent at the end of the quarter.

With RBI harping on increased supervision, frauds decline in banking system

The recent collapse of PMC Bank due to fraud and deficient corporate governance "has dented public confidence in UCBs"

Yes Bank elevates Niranjan Banodkar as CFO, Adlakha as HR head

Yes Bank was rescued by the Reserve Bank of India in March

Union Bank gets shareholder approval to raise up to Rs 6,800 crore

Shareholders of Union Bank of India approved the bank's proposal for raising up to Rs 6,800 crore equity capital to fund business growth

From loan moratorium to digitisation, 2020 saw major shifts in banking

The central bank allowed a moratorium (payment holiday) on dues for six months

Bank asset quality may see sharp deterioration post-moratorium: RBI

Says banks will have to adapt and adjust to the rapidly evolving economic landscape and entry of niche players and emerging financial technologies

Fintechs may pose a challenge to banking sector over the next few years

The formal and informal fintechs will pose a significant challenge to the mainstream banking sector over the next few years

Banks need to gear up to meet new challenges to combat Covid-19: RBI

Cautioning of imminent stress in the banking sector, the Reserve Bank said banks will need to adapt and adjust themselves to meet the upcoming challenges.

HDFC Bank may appoint new chairman in Jan as Gopinath's tenure set to end

The tenure of current part-time Chairman Shyamala Gopinath will end on January 1.

Innovation, Umbrella apps to drive digital banking in new decade

The 2020 experience brought forth the challenge of adequate infrastructure for online transactions and customer experience

Bank liable for fraudulent card transactions

An RBI circular says the customer is not liable for unauthorised transactions that occur due to contributory fraud, negligence, or deficiency on the bank's part

IDBI Bank stake sale in limbo as govt faces legal hurdles in exit

The hurdle might push the government's plan to sell its entire stake in the lender to the next financial year

Public sector banks to raise Rs 25,000 crore in three months: DFS Secretary

Earlier this month, Canara Bank raised Rs 2,000 crore while Punjab National Bank (PNB) raised Rs 3,788.04 crore through qualified institutional placement (QIP)

Retail loans may rise as banks go slow on big-ticket corporate debt

But increase may be lower than what it was earlier

NBFCs may lose 1% market share to private banks by FY22: CRISIL report

The growth, though, will be muted at 5-6 per cent due to asset quality concerns, funding issues and competition from banks.

ATM moment of banking services is here as lenders make apps open for all

What do banks gain by opening their apps for all? The answer - rival bank's customers under their fold.

Indian banks risk Rs 12-trn hit till 2024 from Covid-19: McKinsey

It is a test that the industry has withstood so far, whilst demonstrating resilience and purpose, McKinsey said in its annual review of global banking