Page 19 - Banks

Banks told to tighten monitoring, have ironclad KYC to avoid new 'Jamtara'

Banking sources indicate there have been brazen violations of Section 17 of the RBI's Master Direction on KYC norms

India's banking story still evolving

Banks have started seeing signs of growth in credit. Retail loans still remain the growth driver but money has also started flowing to the corporate sector

Banks to reach out to anchor investors for LIC IPO after Paytm delay

LIC IPO: Bankers, government officials and LIC staff are working around the clock to complete the preparatory work for the IPO and ensure there's enough demand for the mega sale

Bank balance sheet recovery

Asset quality is improving, but risks remain

Banks' bottom line gets a booster shot as bad loans continue to fall

Gross NPA ratio has come down to 6.9 per cent as of end September 2021, according to Reserve Bank of India (RBI) data

RBI to conduct Rs 4 trillion rollover VRRR auction on Friday

Banks aren't participating in auctions enthusiastically as the system liquidity is being steadily drained by the RBI

Banks need prior approval for foreign currency deposit schemes

The Reserve Bank of India (RBI) has mandated banks to seek prior approval before offering any foreign currency deposit scheme to custom-ers under the liberalised remittance route

RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd

he restrictions came into force from closure of business hours on January 28, 2022 (Friday)

State Bank of India tweaks recruitment rules for pregnant women candidates

The move has elicited criticism from some quarters, including from the All India State Bank Of India Employees' Association

Budget 2022-23: Industry seeks tax parity between NBFCs and banks

RBI brought regulatory framework for NBFCs close to what is applicable for banks

Got all approvals to set up bad bank: SBI chairman

By current assessment, lenders have a total of 38 accounts involving aggregate loans of Rs 83,845 cr, which have been identified for transfer, says Dinesh Kumar Khara

Fino Payments Bank net profit rises 116% at Rs 14.1 crore in Dec quarter

Its revenues rose by 20 per cent YoY to Rs 275.16 crore in Q3Fy22

Reserve Bank of India juggles liquidity ops under revised framework

Conducts special variable rate repo operation to ease tight liquidity situation

RBI proposes adding corporate bonds in banks' HTM category

An investment in the HTM category doesn't require to be valued at the current market price

Banks park Rs 4.3 trn in Rs 5-trn variable rate reverse repo auction

From this year, the central bank has moved to variable rate reverse repo auctions, instead of fixed rate auctions

REC raises $1,175 million from a consortium of seven banks

This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC

RBI proposes new norms for classification of banks' investment portfolio

RBI on Friday proposed new norms for the classification and valuation of the investment portfolio of banks, with a view to align them with the global prudential framework and accounting standards.

Bank credit grows 9.16%, deposits up 10.28%, says RBI data

In the previous fortnight ended December 17, 2021, bank advances had risen by 7.27 per cent and deposits went up by 9.58 per cent

State Bank of India raises $300 million of Regulation S Formosa bonds

Formosa bond is a bond issued in Taiwan

Customer complaints against banks rise, but so does resolution

All three schemes now have been merged into one integrated ombudsman scheme