Page 56 - Banking Sector

All for liquidity: Watch every rupee, chase dues, and refinance debt

Refinancing high-cost debt into low-cost debt is possible, thanks to the RBI's TLTROs

Differentiated bank holdco norms on cards; Bandhan, IDFC First may benefit

Lenders that do not have subsidiaries in insurance, asset management, and broking may be exempt from having a non-operative financial holding company (NOFHC).

Not offering any emergency loan through YONO platform, clarifies SBI

SBI, however, said it is in the process of introducing a pre-approved personal loan offering through YONO to provide relief to its salaried customers during Covid-19 crisis

Bank stocks crack; IndusInd, ICICI Bank plunge 11%, Nifty Bank dips over 8%

Sentiment remained weak across the board post the Reserve Bank of India's (RBI) directive to close Mumbai-based CKP Cooperative Bank

IDFC First Bank to boost capital by Rs 2,000 cr through preferential issue

Capital infusion to be supported by IDFC limited, ICICI Prudential Life, HDFC Life, Warburg Pincus and Bajaj Allianz

Sidbi, Nabard compete to lend to top MFIs under RBI's liquidity support

According to informal estimates, the two organisations together are looking to extend Rs 7,000-8,000 crore in funding

Retail unsecured loans, cross-selling may decline post moratorium

Lenders say the larger challenge is to communicate to borrowers the difference between moratorium and waiver

IndusInd Bank reports 18% yoy dip in pre-tax profits; sequentially down 76%

The lender reported a 45 per cent jump in net interest income at Rs 3,232 crore in Q4 FY20

American Express quarterly profit plunges 76% on $1.7 bn reserve build

Shares of the company were up nearly 2%, as it kept a tight lid on costs to weather the impact of the pandemic on its business

Coronavirus impact: Bet on top-tier names in banking sector, avoid NBFCs

Avoid banks and NBFCs with a high proportion of unsecured and small, medium enterprises loans

Banks, insurance firms to work as usual in new guidelines for Lockdown 2.0

Bank branches are allowed to work as per normal working hours till disbursal of DBT cash transfers are complete

Deposits from microbanking customers continue to be strong: Bandhan Bank

The company's collection efficiency pan-India for the period from January 1, 2020 till March 21, 2020 stands at 98.7 per cent

Delay in regulatory leeway likely to prove costly affair for banks

With loan growth and asset quality likely to take a hit, FY21 earnings estimates are coming under the knife

Covid-19 relief: FM announces Rs 1.7 trn plan for poor, migrant workers

Package announced includes both food security and cash transfer components

Coronavirus: Pressure mounts on govt to defer PSB merger amid lockdown

Banks working towards merging balance sheets before April 1

YES Banks needs up to Rs 13,000 crore in equity in 1-2 years: ICRA

Reconstituted Board meets on March 26

Growth biggest concern for banks now; keep an investment horizon of 3 yrs

Even before the outbreak of coronavirus, growth in the overall banking industry was not encouraging.

FinMin may cut interest rates on small savings schemes for April-June qtr

The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme

Dear governor, why save the bullet? Use it now

Beyond perking up the economy, the RBI needs to ensure proper functioning of the bond market, the credit market and the larger financial system

Banks, depositors, taxpayers

Depositors are a subset of taxpayers. A depositor also pays tax. So what he gains as a depositor he may well be losing as a taxpayer