Page 18 - Banks
Banking services partially impacted on second day of nationwide strike
Transactions at many public sector banks were impacted as employees did not report for duty
 "Banking services partially impacted on second day of nationwide strike")
Indian banking in pink of health but what next?
Banks are caught in their own narrative: credit growth. Soon, one may see bubbles in certain pockets.
 "Indian banking in pink of health but what next?")
Paytm no longer using short-term working capital facilities from banks
After Q3FY22 earnings, the company had said that it is well-funded with net cash, cash equivalent and investable balance of Rs 10,215 crore
 "Paytm no longer using short-term working capital facilities from banks")
Banks to conduct special clearing ops on Mar 31 for govt accounts' closure
The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to participate in it
 "Banks to conduct special clearing ops on Mar 31 for govt accounts' closure")
Banks should account for govt transactions for FY22 in same year: RBI
Transactions through national electronic funds transfer (NEFT) and real time gross settlement (RTGS) system will continue upto 2400 hours on March 31, 2022, RBI said
 "Banks should account for govt transactions for FY22 in same year: RBI")
Banks share in industrial credit plunges to 34% in FY21, says report
The share of non-banks in the commercial credit has more than doubled to 44 per cent while that of foreign banks' rose to 22 per cent in FY21
To 'protect interest', banks to move DRT's Mumbai bench against Future
The lead bank of the consortium has to issue notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
Banks to start debt recovery proceedings against Future Retail: Report
Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer's stores
 "Banks to start debt recovery proceedings against Future Retail: Report")
Inflation, energy crisis, weak rupee may delay credit revival: Analysts
Revival of credit demand faces a triple whammy of unprecedented cost pressure, anemic volume growth, and scale-back in household budgets
 "Inflation, energy crisis, weak rupee may delay credit revival: Analysts")
What is IMPS?
Swift transfer of money between bank accounts has made all types of transactions smooth. Through IMPS, we can now transfer money within seconds. Let's get some clarity about this efficient platform
 "What is IMPS?")
Strong recovery seen as bounce rates ease further in Feb; lowest in 32 mths
According to NACH data, the metric improved by 100 bps by value over Jan, to 22.4%. By volume, it stood at 29.2%, an improvement of 40 bps over Jan
50% customers ready to switch banks in next 12 months: Bain & Company
If it's a good deal, many willing to shift to fintech players, neo banks, among others
 "50% customers ready to switch banks in next 12 months: Bain & Company")
Banks may tag Amtek Auto as fraud account after MCA finds fund diversion
The Ministry sought to recover funds from former promoters by moving the Chandigarh bankruptcy court last month
 "Banks may tag Amtek Auto as fraud account after MCA finds fund diversion")
Reserve Bank of India to take stock of banks' exposure to Russia, Ukraine
The move is intended to harm Russian president Vladimir Putin's ability to finance the war
Ruble declines 26% after SWIFT sanctions against Russian banks
The ruble was trading at a record low 105.27 per dollar, down from about $84 per dollar late Friday.
 "Ruble declines 26% after SWIFT sanctions against Russian banks")
Ukraine crisis: US, European Union cut few Russian banks from SWIFT
Removing banks from SWIFT is deemed to be a severe curb because almost all banks use the system.
 "Ukraine crisis: US, European Union cut few Russian banks from SWIFT")
Banks will have to be a lot more friendly while serving customers, says FM
Responding to a query on hassle-free loans to startups, she said performance in servicing loans under MUDRA and SVANIDHI has been very good
 "Banks will have to be a lot more friendly while serving customers, says FM")
RBI imposes penalty on 3 co-operative banks for deficiencies in compliance
The Reserve Bank of India (RBI) on Monday said it has imposed penalties on three co-operative banks totalling Rs 5 lakh for deficiencies in regulatory compliance.
 "RBI imposes penalty on 3 co-operative banks for deficiencies in compliance")
Online survey finds respondents blame telecom firms, banks for data breach
Most people share their financial data share their financial information with multiple organisations: from companies to the government
 "Online survey finds respondents blame telecom firms, banks for data breach")
LIC IPO applications: Banks told to raise UPI per-transaction cap
A specially created working group found processing of many applications failed if UPI was selected as a mode of payment by retail investors due to per transaction caps imposed by banks
 "LIC IPO applications: Banks told to raise UPI per-transaction cap")
