Page 52 - Banking Sector

Barclays India scales down exposure to banks to Rs 3,090 cr in FY21

The bank's loan book reduced 33 per cent year-on-year in 2019-20 (FY20), largely led by higher repayments in the shorter tenure of the book.

Best of BS Opinion: India's IAS officers, companies owning banks and more

Business Standard brings you Opinion pieces of the day

Maintain derivatives records for at least 2 years, RBI asks banks

In case of commercial papers and bonds, there will be no grace period for repayment

We intervene in banks in the interests of depositors: RBI's Shaktikanta Das

Over the past two years we have strengthened and deepened our supervisory systems, said Das

Wherever we've seen unlocking, we've seen a revival in demand: SBI Chairman

Inflation rate in excess of 7% is essentially attributed to supply-side constraints, says chairman

Bank lending, deposit rates have bottomed out: SBI chief Dinesh Khara

Khara said SBI and other banks in the country were aware that the economy required softer rates to continue.

ICICI Bank, Indian Bank at risk of becoming 'fallen angels', warns S&P

S&P terms an entity a "fallen angel" if its rating is lowered to speculative-grade from investment-grade

Banks expecting good response as bidders to decide RCap's fate today

Bidders have the option to either buy the entire company or bid for the company's individual assets.

HDFC Bank m-cap surges past Rs 8-trillion mark; stock jumps 1.76%

HDFC Bank, which is at number three position in overall market-cap ranking of listed companies, has become the first lender to achieve the milestone.

Union Bank of India plans to raise up to Rs 6,800 cr to fund biz growth

State-owned Union Bank of India on Wednesday said it proposes to raise up to Rs 6,800 crore during this fiscal to fund business growth.

Banks fear HTM hit, investment limits with repayment under TLTRO

The central bank had originally announced the on-tap TLTRO aggregating Rs 1 trillion in the monetary policy on October 9.

Banks' collection efficiency may not sustain, says rating agency S&P

The unsuccessful auto-debit requests through the NACH platform is generally referred to as bounce rates.

RBI internal working group for bank licence to large corporate houses

Non-banking financial firms with an asset size of Rs 50,000 cr or more can aspire for a banking licence

RBI panel bats for continuation of NOFHC as preferred structure for banks

However, NOFHC may be mandatory only where the individual promoters and promoting entities/ converting entities have other group entities

Banks lend over Rs 65,000 crore to commercial sector in a fortnight

The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India

Tamilnad Mercantile Bank H1 profit up 60% to Rs 242 cr, GNPAs drop 25%

The bank is stringly focused on priority sector, which constitutes 75.64% of its adjusted net banking credit, and are above the regulatory norm of 40%

DBS faces potential culture clash as it takes over Lakshmi Vilas Bank

The plan will accelerate Singapore-based DBS's expansion ambitions in India and potentially transform it from a largely digital bank in the country to one with hundreds of branches

India Inc gains despite Covid-19 disruptions; combined profit at Rs 1.5 trn

In the manufacturing sector, earnings were also boosted by a sharp decline in input prices that expanded gross and operating margins in most sectors.

Swiss banking major UBS appoints Uday Odedra as new country head for India

Swiss banking major UBS on Monday announced the elevation of Uday Odedra as the country head of its India operations, which employ over 6,700 people. It has created a new post of chairman for India and made Harald Egger, who holds the post at present, as the chairman, as per an official statement. Odedra has been with the bank for two decades and was based in London before joining the founding team of the India operations in 2015, it said. It can be noted that a lot of banks and financial institutions of the world have their in-house global delivery centres in the country delivering work and handling processes here. UBS-Business Solution Centers employs over 6,700 people in Pune, Mumbai and Hyderabad, and provides services toUBSbusinesses globally, the bank's statement said. The UBS statement said Odedra played a central role in developingits digital and technology presence in India and he was also named head of technology for the Asia Pacific region in 2017. Egger will relocate

Reserve Bank again postpones submission of TLTRO reversal requests

The rates have come down by more than 100 basis between these two points.