Page 15 - Banks
Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up
Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.
 "Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up")
NITI Aayog moots licensing, regulatory framework for digital banks
Digital banks will be subject to prudential and liquidity norms on a par with existing commercial banks
 "NITI Aayog moots licensing, regulatory framework for digital banks")
RBI hikes capital adequacy ratio for urban cooperative banks to 12%
Rule applies to banks with deposits above Rs 100 crore; glide path till March 2026, to meet revised CAR norm in phases for UCBs that do not meet it currently
 "RBI hikes capital adequacy ratio for urban cooperative banks to 12%")
Battered by three decades of controversy, TMB looks back to the future
The storied bank hopes to put its troubles behind it with its impending IPO
 "Battered by three decades of controversy, TMB looks back to the future")
RBI imposes restrictions on Raigad Sahakari Bank, caps customer withdrawals
The RBI imposed several restrictions on Mumbai-based Raigad Sahakari Bank, including a withdrawal cap of Rs 15,000 per customer, due to deterioration in the financial condition of the lender
HDFC Bank Q1FY23 results: Tracking firm's performance over last 4 quarters
In Q4FY22, the bank recorded a 22.8 per cent rise in its net profit year-on-year.
 "HDFC Bank Q1FY23 results: Tracking firm's performance over last 4 quarters")
Federal Bank's Q1 net jumps 64% to Rs 601 cr in best-ever quarterly show
Stronger bottomline supported by lower provisions and healthy NII
 "Federal Bank's Q1 net jumps 64% to Rs 601 cr in best-ever quarterly show")
News on RBI nod for ARC stake speculative, lacks bonafide sources: YES Bank
YES Bank clarified that it had indeed started the process of seeking a partner for an asset reconstruction company through a public expression of interest, but added that the process is still underway
 "News on RBI nod for ARC stake speculative, lacks bonafide sources: YES Bank")
FSIB recommends former Union Bank of India MD for post of NaBFID MD
The Centre, earlier this month, transformed the Banks Board Bureau into FSIB and expanded the headhunter's role to suggest appointments for PSU banks, insurance companies and financial institutions
 "FSIB recommends former Union Bank of India MD for post of NaBFID MD")
Canara, Union Bank to raise around Rs 4,000 cr via AT-1 bonds by next week
Union Bank plans to raise up to Rs 2,000 crore while Canara Bank plans to issue AT-1 bonds worth up to Rs 2,000 crore, say sources
 "Canara, Union Bank to raise around Rs 4,000 cr via AT-1 bonds by next week")
ED probing some entities, employees over irregularities, says IndusInd Bank
IndusInd Bank says it has no credit exposure to the entities being investigated
 "ED probing some entities, employees over irregularities, says IndusInd Bank")
Major PSU banks to go live on account aggregator system by July-end
SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem
 "Major PSU banks to go live on account aggregator system by July-end")
Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings
Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a six year low of 5.9 per cent in FY22, it can improve further, said CARE Ratings in a report
 "Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings")
Negative interest rate and financial repression
Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest rate regime?
Banks' Q1 net profit growth estimated at 47% as lending stays strong
According to Bloomberg's data on analysts' estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially
 "Banks' Q1 net profit growth estimated at 47% as lending stays strong")
RBI's market operations helped banks in funding during Covid: Study
The RBI Working Paper titled 'Banks' Credit and Investment Dynamics: Assessing Portfolio Rebalancing and Crowding-out' analyses asset portfolio dynamics of Indian banks
Centre seeks to grant bank licence to PSBs to enable privatisation
The government is exploring several options to address the issue for enabling privastisation of PSBs
 "Centre seeks to grant bank licence to PSBs to enable privatisation")
SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds
IOB also likely to tap debt capital market, say sources, though quantum of fund-raising being planned isn't clear
 "SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds")
Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts
Amid weakening consumer confidence and flaring inflation, analysts say that the corporate earnings this quarter will be a mixed bag, with select pockets like banks being the frontrunners.
 "Q1FY23 Preview: Banks to outshine, metals may disappoint, say analysts")
Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr
FMCG, construction materials were among other sectors to see large outflow, while metals, power, discretionary consumption and telecom saw inflows
 "Banks, IT account for 93% of the Rs 2 trillion selloff by FPIs the past yr")
