Page 6 - Banking

Buyer shouldn't pay for bank's mistake

Despite the State Commission having concluded that there was deficiency in service on the part of the bank, it had not been held liable

RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd

he restrictions came into force from closure of business hours on January 28, 2022 (Friday)

State Bank of India tweaks recruitment rules for pregnant women candidates

The move has elicited criticism from some quarters, including from the All India State Bank Of India Employees' Association

S&P upgrades outlook on Axis Bank to positive on improved asset quality

Private lender's loan growth and profitability should improve as economic activity gains pace in India, says agency.

SBI Cards net profit rises 84% to Rs 386 crore in December quarter

Its interest income rose by 9 per cent year-on-year to Rs 1,273 crore

Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr

Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI data showed

Citigroup Q4 profit drops on higher expenses, consumer banking weakness

Profit fell to $3.2 billion, or $1.46 per share, in the quarter ended Dec. 31, from $4.3 billion, or $1.92 per share, a year earlier.

Bank credit grows 9.16%, deposits up 10.28%, says RBI data

In the previous fortnight ended December 17, 2021, bank advances had risen by 7.27 per cent and deposits went up by 9.58 per cent

Libor, the most important number in international finance, dies at 52

The interest benchmark once underpinned more than $300 trn in financial contracts but was undone after a year long market-rigging scandal came to light

Covid-19 pandemic: Omicron spread may disrupt growth momentum, says IBA

Impact may not be severe as first, second waves

CSB Bank MD&CEO retires early, lender to set up panel to find successor

CSB Bank on Saturday said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. This is to inform you that the bank's board in its meeting held on January 8, 2022, considered and accepted the request of C VR Rajendran to take an early retirement from the position, to take care of his health under the advice of his physicians, CSB Bank said in a regulatory filing. The board has further requested Rajendran to continue in the office of MD & CEO till March 31, 2022, it said. Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022. "The board further decided to constitute a search committee comprising the chairperson of the Nomination and Remuneration Committee and two members of the board, to identify and evaluate candidates, from within or from outside, for the position of Managing Director & ...

RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director

The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi's re-appointment for five years effective February 1, 2022

RBL Bank's gross advances rise 5% to Rs 59,941 crore by Dec-end

The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year ago

Bandhan Bank collection efficiency ratio increases to 93 pc in December

Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31

Large, mid-sized banks report 11-23% loan growth in December quarter

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021

RBI cancels authorisation certificates of two payment system operators

Both the Payment System Operators (PSOs) had authorisation for issuance and operation of prepaid payment instruments

SBI, ICICI, HDFC Bank continue to remain systemically important banks: RBI

Such banks are perceived as 'too big to fail'

CSB Bank advances up nearly 11.5% to Rs 14,827 cr in Dec quarter

Shares of CSB Bank on Monday closed at Rs 237.50 apiece on the BSE, up 0.93 per cent from the previous close

West End Housing applies for small finance bank licence with RBI

Currently, there are about a dozen small finance banks in the country

Ujjivan Small Finance Bank raises interest rates on FDs of up to Rs 2 cr

The new rates come into effect from December 31, 2021