Page 9 - Banking

Govt to amend banking laws to facilitate privatisation of two PSU banks

The Finance minister while presenting Budget 2021-22 earlier this year had announced the privatisation of PSBs as part of disinvestment drive

Singapore central bank weighs action over DBS service glitch

The issues stemmed from the bank's access control servers, resulting in customers' inability to log in to the services

Best of BS Opinion: Strengthening financial sector, no solution yet & more

Here is the best of Business Standard's opinion pieces for Friday

RBI working group warns on digital lending by big tech players

The working group has recommended the formation of a nodal agency & SRO for digital lending apps

Big technology platforms like Google no threat to banks, say experts

Google has a customer interface feature and the Unified Payments Interface (UPI) is a feature for mobile to mobile payment

RBI clarifies norms for upgrading of accounts classified as NPAs

Asks lenders to mention exact due date for repayment in loan agreements

Top headlines: Paytm IPO subscribed 1.89 times; Nykaa makes stellar debut

Business Standard brings you the top stories from today

Indian Bank launches video KYC facility enabled by VCIP technology

The Video KYC facility further simplifies the subsequent steps and would deliver the cheque book and ATM card to the registered address of a customer

McLeod Russel signs ICA with its banking lenders for debt resolution

Plan will have a mix of capital infusion by promoters and recast of balance debt. McLeod owes banks Rs 1,800 cr; with unpaid interest, the total is about Rs 2,300 cr

Banking accountability

Robust system is needed for investigation

Bank of India Sep qtr profit soars nearly 100% to Rs 1,051 crore

The bank had posted net profit of Rs 526 crore in the same period a year ago

Bandhan Bank gets empanelled as agency bank of Reserve Bank of India

The RBI's decision will help Bandhan Bank in contributing to nation-building, its MD and CEO Chandra Sekhar Ghosh said

Unity Small Finance Bank begins operations, paving way for merging PMC

Unity Small Finance Bank, the 51:49 joint venture between Centrum Group and payments app Bharatpe, on Monday launched their first branch that will go a long way in resolving the crippled cooperative PMC Bank by merging it with the new entity. Early evening, the Reserve Bank said Unity SFB began operations with the first branch going operational in the city. The 12th small finance bank begins operations with over Rs 1,100 crore of equity capital, over 2 lakh customers and an asset base of over Rs 2,400 crore which comes from the existing MSME and MFI credit business of the Centrum Group, Jaspal Bindra, group executive chairman and also the non-executive chairman of Unity Bank, told PTI on Monday. Unity Bank commenced operations in a record time as it got the final licence only on October 12 from the Reserve Bank, after getting the in-principal approval in June. The licence is also contingent on the Unity Bank taking over the crippled Punjab & Maharashtra Cooperative (PMC) Bank, ...

Barclays CEO Staley resigns after Epstein probe by regulators

Staley will be replaced as CEO by the bank's head of global markets C.S. Venkatakrishnan

Equitas Small Finance Bank Q2 profit plunges 60% to Rs 41 crore

Net NPAs were at 2.37 per cent, up from 1.09 per cent in year ago period

Bandhan Bank reports net loss of Rs 3,008 cr in Q2 on higher provisioning

Shares of Bandhan Bank closed 2.36 per cent down at Rs 291.50 apiece on BSE.

IndusInd Bank raises Rs 2,800 crore debt capital through bonds

IndusInd Bank stock traded at Rs 1150.50 apiece on BSE, down 2.12 per cent from previous close.

Indian Bank reports second quarter net profit at Rs 1,089.17 crore

Gross NPA (non-performing asset) was at 9.56 per cent of gross advances as on September 2021 brought down by 33 basis points year on year

UCO Bank logs multi-fold jump in second quarter profit at Rs 205 cr

The bank improved on its bad assets significantly

IndusInd Bank second quarter net profit jumps 73% to Rs 1,147 crore

Bank's provisions for bad loans and contingencies fell to Rs 1,703.36 crore for the quarter from Rs 1,964.44 crore reserved for the year-ago period