Page 2 - Banks In India
Hughes India arm fears closure over dues; banks may be at risk: Letter
Hughes' India unit provides services to defence, education and banking sectors in the country
 "Hughes India arm fears closure over dues; banks may be at risk: Letter")
Challenges galore for financial institutions amid liquidity crunch: Fitch
The rating agency expects the real GDP growth to slow to 4.6 per cent in 2019-20 from 6.8 per cent in 2018-19, led by a squeeze in credit availability from non-banking financial institutions
 "Challenges galore for financial institutions amid liquidity crunch: Fitch")
Cut in housing prices can clean up banks' balance sheets: Economic Survey
Pitching for correction in property prices, the survey said that housing prices are ruling at a high level, even as the growth in rates has been muted since 2015-16
 "Cut in housing prices can clean up banks' balance sheets: Economic Survey")
Private Bank Q2 review: Top-line nos improve; Q3 may see better recoveries
The quarter gone by saw mixed results in terms of asset quality. Among key private players, only ICICI Bank and Axis Bank reported a fall in gross non-performing assets on a YoY basis
 "Private Bank Q2 review: Top-line nos improve; Q3 may see better recoveries")
Rate sensitives plunge on panic selling in banks; YES Bank tumbles 30%
Based on publically available data, analysts at Macquarie said in a recent report that YES Bank, Bank of Baroda (BOB) and IndusInd Bank are the most exposed to Indiabulls Group
 "Rate sensitives plunge on panic selling in banks; YES Bank tumbles 30%")
Delivering on growth a must for NextGen PSBs to attract investors
Analysts cite examples of SBI and BoB to indicate how the mergers could be value-depletive for investors in the near term
 "Delivering on growth a must for NextGen PSBs to attract investors")
Not a single job will be lost due to merger of banks: Nirmala Sitharaman
Nirmala Sitharaman was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.
 "Not a single job will be lost due to merger of banks: Nirmala Sitharaman")
Indian banks trail global peers on e-sale capabilities, finds BCG study
Indian banks trail their global peers in three areas: Absence of personalised marketing messages, lack of straight-through processing, and low quality of in-app sales support
 "Indian banks trail global peers on e-sale capabilities, finds BCG study")
Letter to BS: Separate packages for workmen and officers on the cards
The PSBs are perhaps the only setup in public sector undertakings where the staff and the officers join in wage negotiations and intermittent strikes together
 "Letter to BS: Separate packages for workmen and officers on the cards")
Digital gobbles up the business, but banks may not stop adding branches
Acquiring new customers drives growth more than digging deeper into the wallets of existing ones, they say
 "Digital gobbles up the business, but banks may not stop adding branches")
Banks play 'mind games' to woo customers
Big data and 'games' are the tools of the trade
 "Banks play 'mind games' to woo customers")
