Page 22 - Banks

Bank unions call for two-day nationwide strike on December 16-17

United Forum of Bank Unions convener Mahesh Mishra on Thursday said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation

Rs 26,697 cr lying in dormant accounts of banks: FM Sitharaman

This money is lying in nearly 9 crore accounts which have not been operated for 10 years

Governance, transparency in Indian banks weak by global standards: S&P

The lack of improvement in risk management and corporate governance in the coming growth cycle could produce a new crop of sour loans, the rating agency said

HDFC Bank, SBI: Analysts bullish on bank stocks as credit revival picks up

Analysts at Credit Suisse are more optimistic compared to their peers and expect double-digit growth in credit off-take during the second half of the current fiscal (H2-FY22)

PNB stock gains over 2% after Fitch affirms 'BBB‐' rating

Fitch's says there's a high probability of extraordinary government support for PNB, if required, because of the bank's high systemic importance

The financial world has to rethink the way it caters to women: salt.com CEO

Shinjini Kumar, the firm's co-founder and CEO spoke to Raghu Mohan

Govt to set up working groups to prepare action plan: Bank officials

Finance ministry is likely to constitute working groups which will define action plans that will be aimed at providing seamless credit flow to various sectors, bank executives said

Time for banks to support wealth & job creators: PM Narendra Modi

More than Rs 5 trillion recovered by banks from defaulters

Banking sector strong today due to current regime's reforms: PM Modi

Banks have to adopt a partnership model and reach out to their customers in a proactive manner, Modi said

Over Rs 5-trn recovery made by banks from stressed loans, says PM Modi

PM Modi emphasised that the banking sector must take advantage of the big reforms and schemes as well as the big pool of data that has been created in the country

Big technology platforms like Google no threat to banks, say experts

Google has a customer interface feature and the Unified Payments Interface (UPI) is a feature for mobile to mobile payment

Banks have weathered Covid-19 shock better than expected: RBI Governor

Gross NPAs and capital adequacy ratios of scheduled commercial banks have further improved in September from June levels

Bank-owned brokerages to show up to 20% profit growth in FY22: Icra

Surge in trading volumes to drive better show; huge competition from discount brokerages a challenge; capital market linked loan book shows 100% CAGR

Banks' core earnings face heat from poor credit growth, low yields on loans

Their gross interest income shrank for second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5% YoY

Vodafone Idea working on 'comprehensive' revival plan, banks to recast debt

Kumar Mangalam Birla, new investor to bring in fresh equity

Global banks' new decarbonisation initiative at COP26 is a step backwards

It wouldn't make sense to abruptly forbid lending to non-green projects now, since the world needs to avoid hitting hardest banks most involved in carbon-heavy sectors.

I-T dept freezes Rs 53-cr deposits of Maharashtra urban cooperative bank

The I-T Dept has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra in a recent raid

Chinese banks quicken home loan disbursement but caution prevails

Some Chinese banks have sped up the disbursement of home loans in some cities, a relief to cash-strapped developers anxious to complete sales

Credit Suisse pares back investment banking, sharpens focus on the rich

Q3 net profit falls 21%, expects net loss for Q4; closing most of its prime broking business after Archegos scandal

Banks lend Rs 63,574 crore to 1.38 mn borrowers via outreach programme

Both public and private banks have extended credit through 10,580 camps under the programme. Loans are over and above those under various central government loan guarantee schemes