Page 31 - Banks

Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid

With this Piramal succeeds in getting the requisite 66 per cent voting, says source

JPMorgan profit jumps 42% on reserve release, investment banking strength

The big US lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses

NBFCs urge RBI to relax compliance rules as they convert into banks

Seek leeway on reserve ratio, priority sector and sectoral exposure

CBI registers case against pvt firms for causing Rs 4,736 cr loss to banks

The Central Bureau of Investigation has registered a case against a private company based at Hyderabad on allegations of causing loss to banks to the tune of approximately Rs 4,736.57 crore

Pvt banks report healthy deposit accretions, sluggish advances growth in Q3

Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter

Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips

Business Standard brings you top news of the evening.

The concerns that kept moratorium and restructuring requests down

Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said

Liquidity returns to banking system, interbank call rates softening

This indicates that the liquidity deficit witnessed after December 15 was mainly because of advance tax outflow, and not because of any extra effort by the central bank to drain out liquidity

Retail lending by banks shrinks sequentially in November, up 10% YoY

Within this space, vehicle loans continued to perform well, growing at an accelerated 10% this November, compared to 4.7% a year ago, RBI said in statement

Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report

Whole idea of launching TLTRO funds was to provide system level and targeted liquidity to sectors with liquidity constraints--something banks clearly did not do, shows Trend and Progress Report

Covid-19 times may usher in new opportunities for banking sector: RBI

The gross non-performing assets ratio of scheduled commercial banks fell from 9.1 per cent at end-March 2019 to 8.2 per cent at end-March 2020 and further to 7.5 per cent at end-Sept

Asset quality pressure on banks to moderate by FY22-end, says Icra

Maintains stable outlook on lenders, sees NPAs declining to 2.5% by March 2022, from estimated 3.1% in March 2021

ICICI Bank launches one-stop portal for foreign firms expanding in India

The platform offers banking solutions and value-added services such as business incorporation, corporate filings, licences and registrations, HR services, compliances and taxation

Banks ramp up cross-selling, aim to gain bigger share of customer's wallet

Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan

The pandemic bill for banks: Severe credit losses, operation turbulence

The bright spot is that global banking entered the crisis well capitalised and is far more resilient than it was 12 years ago

Banks should focus more on cash-flow based lending, says RBI Governor

In this regard, credit bureaus and the proposed Public Credit Registry (PCR) framework can improve the flow of credit as well as credit culture in the country, according to the governor

FSDC deliberated on challenges in transition from Libor-based contracts

In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard

Reserve Bank of India makes certain exceptions to current account norms

The RBI said on its statement that accounts for real estate projects for the purpose of maintaining 70 per cent of advance payments collected from the home buyers, can be maintained in separate banks

Free-for-all apps: Avail bank facilities even if you are not a card holder

ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days

France's SocGen to shut 600 branches by 2025 by merging retail networks

France's Societe Generale expects to shut 600 branches in France by 2025 with the merging of its two retail banking networks.