Page 58 - Banking Sector

Bank frauds rise to Rs 1.13 trn in H1 FY20 due to detection delay: RBI

This involved 4,412 fraud cases of Rs 1 lakh and above, as per the report

Time running out for PSBs

Business is rapidly shifting to private banks

Loans and advances of foreign banks operating in India grew 13% in FY19

Loans and advances of foreign banks operating in India rose about 13 per cent to nearly Rs 3.97 trillion in 2018-19.This was slightly ahead of the 11 per cent growth in this regard at scheduled commercial banks in general, comprising private, government-owned, foreign and small finance banks (SFBs). The loan book of private banks grew at a much higher rate, of 25 per cent. Public sector banks expanded theirs' by only 4 per cent. SFBs, a group of recent origin, showed 70.5 per cent growth in loans. Deposits at foreign banks rose 17 per cent in FY19, to Rs 5.8 trillion, from Rs 4.95 trn the previous year. Their capital base increased to Rs 77,809 crore, from Rs 67,883 crore, a 15 per cent increase, according to the Reserve Bank's (RBI's) report on 'Trends and Progress of Banking in India 2018-19'. Foreign banks' borrowings increased to Rs 1.51 trillion in FY19, from nearly Rs 1.3 trn, an 18 per cent spike. Other assets rose by 67 per cent over the year, to Rs 1.47 trn.The number of ..

Best of BS Opinion: Accountability of executive and need for more voices

Here's a collection of Business Standard Opinion pieces for the day

Slowdown in SME sector can hurt mid-sized private banks, be selective

RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya

Where can you bank for your buck?

From being perceived as economic victims weighed down by bad loans, the finance sector has emerged as the villain in 2019

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

Investors are convinced with CSB Bank's transformation story: CEO Rajendran

Our positioning as a competition to the NBFCs and not the bigger banks impressed investors, says Rajendran

With history of bankruptcy, top Yes Bank investor may not meet RBI norms

Erwin Braich's troubled history will make it difficult for him to clear the "fit and proper" criteria for investments in banks, say analysts

Sebi grants exemption to govt from making open offer to UBI shareholders

The Sebi order for exemption comes following an application filed by the bank in November on behalf of its promoter

The Mudra problem

Directed lending always builds up bad loans in banks

Best of BS Opinion: Maharashtra govt formation, tax buoyancy, and more

Opinion and analysis on telecom companies' decision to raise tariffs and the way the government is responding to slowdown.

RBI mulls new rules on corporate governance; wants banks to 'disclose more'

Speaking to an audience comprising of all the top bankers, RBI deputy governor said the new guidelines will be put in public domain and the RBI will be seeking comments before finalising any rules

Still in the tunnel: Most global banks yet to regain pre-crisis health

Are mergers and acquisitions around the corner?

Listed commercial banks report Rs 6,675-crore net profit in Sep quarter

Review covers 37 SCBs (18 public sector banks and 19 private sector banks) and the figures are as on November 14

YES Bank has option to extend November 30 deadline on binding offer

According to a source close to the development, the bank is still in talks with the investor and has not taken any decision on the offer

Letter to BS: Hawk eye in banks need of the hour to detect frauds early

Banks must scrupulously observe all the systems and procedures prescribed for the conduct of the banking activities

Will step up recoveries, increase provisions in H2: Union Bank of India CEO

The outstanding NPAs in large corporate category have declined while that of MSME rose marginally, says CEO Rajkiran Rai

Urban cooperative banks' business size may be capped at Rs 20,000 cr

R Gandhi and Y H Malegam report to be the bedrock of new guidelines

Private banks score on core operations, better control over bad debt in Q2

While profit before tax grew 68.1%, net profit showed an increase of only 1.4%