Page 16 - Banks

Economic recovery gradual, uneven amidst global headwinds: RBI report

Corporate sales and profitability increasing and gross NPA of banks is at 6-year low

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Central banks need stronger communication in turbulent times: RBI governor

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Credit card spend hits new high in May; bounce rates by value at 3-year low

Bounce rates by value at three-year low

RBI warns of risks from cross-border outsourcing of IT services

The RBI's observations come at a time when it is considering a mandate for domestic processing of payment transactions in order to ring-fence India's local payment systems.

Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%

Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors

HDFC Bank to shift payments from core banking, ensure minimal downtime

This would pave way for minimal payments downtime

Non-banks not allowed to load credit lines on prepaid wallets, cards: RBI

RBI has asked fintech to stop this practice immediately. The change will come into effect on July 1

Indian Microfinance industry's loan book grows 10% to Rs 2.85 trn in FY22

NBFCs increase market share while that of banks dips

Bank does not foresee asset quality challenges, rumours baseless: RBL Bank

The bank's gross non-performing assets (NPAs) and net NPAs were 4.4% and 1.3%, respectively, at the end of the March quarter, with a provision coverage ratio of 70.4%

Both customers and banks to feel pain in new regime

The banks have a balm for their pain. Probably, shifting to floating rate deposits can work as an anaesthetic gel for some of the customers

Need to make banks, currency important part of international trade: PM

Prime Minister Narendra Modi on Monday stressed the need to make India's banks and currency an important part of the international trade and supply chain.

SC allows banks to go ahead with Siva Industries settlement offer

Says tribunals can't interfere with banks' commercial wisdom; promoter's offer of Rs 328 cr was okayed by CoC

India lines up banks for e-commerce effort to take on Amazon, Walmart

The success of ONDC, which would promise equal access to all online sellers and buyers regardless of their size, is a priority for PM Modi

Time ripe for further transformation to make bank future-ready: SBI chief

State Bank of India will focus on digital agenda, and partner with fintech firms and NBFCs to drive growth, says Dinesh Khara

What's ahead for the distressed IT, banks, realty, and metal sectors?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

RBI-constituted panel to review customer service standards in banks, NBFCs

The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.

What's ahead for the defeated IT, banks, realty and metals?

Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors

LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float

According to LIC's final offer document, the company shelled out just Rs 11.8 cr as payment to book running lead managers, or 9.9% of total issue expenses

SME Chatroom: Banks can write off import entry in IDPMS over quality issues

RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or destruction of goods by port/Customs/health authorities