Page 34 - Banks

Divesting majority stake in PSBs will be 'credit negative' for them: Icra

Divesting majority stake in state-run lenders by the government will be "credit negative" for such public sector banks (PSBs), a domestic ratings agency warned on Thursday

Banks' NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 trillion in June this year, Parliament was informed on Monday

RBI pulls up banks over delay in automating NPA recognition process

Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns

Spike in bank frauds: Lag in reporting or weak internal controls?

Bank fraud numbers may not be as bad as they are made out to be, but their detection and reporting need to improve, writes Raghu Mohan

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

Turning banking on its head

The focus in banking has always been on protecting the depositors. Should the rules be rewritten, giving borrowers precedence?

Banks sanction loans of Rs 1.6 trn to 4.2 mn MSMEs under ECLGS scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

Banks need to increase focus on AI, data management, talent creation: IDRBT

Established by the Reserve Bank of India (RBI) in 1996, IDRBT spearheads efforts in providing state-of-the-art technologies for the country''s banking and financial sector

Banks' chief compliance officers to report to CEO, board committee: RBI

The new norm is at variance with what was suggested in the discussion paper on governance in commercial banks released by RBI in June 2020

Canara Bank raises Rs 1,012 cr by issuing Basel III compliant bonds

Canara Bank on Friday said it has raised Rs 1,012 crore by issuing Basel III compliant bonds

Govt extends deadline for merchant bankers to bid for IRCTC till Sept 14

The government has extended the deadline for merchant bankers to bid for managing IRCTC stake sale by 4 days till September 14

Citigroup's next CEO has a Herculean task: Turning the bank around for real

When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her

RBI lays down guidelines for banks to appoint chief compliance officers

RBI laid down guidelines for appointment of chief compliance officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry

RBI debt restructuring scheme to benefit resilient sectors more: Crisil

Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed

Govt sets up panel to study calls for giving interest relief on bank loans

Three-member committee led by Rajiv Mehrishi to measure impact on economy on the 'waiving of interest and waiving of interest'

SC extends relief on NPAs after govt tells interest issue being looked into

SC extended its order that no account be declared NPA after the Centre said an expert panel is looking into the issue of interest charged by banks on instalments deferred during moratorium period

Banks going to be catalysts for economic revival, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said banks are going to be the catalysts for economic revival

Focusing only on retail may not be prudent for banks currently: SBI MD

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this category of loans, a top banker said

5-8% of overall loans will get restructured under new framework: Icra

Banks and non-bank lenders will restructure up to Rs 10 lakh crore in debt or 8 per cent of outstanding loans under the one-time restructuring scheme announced by RBI, domestic rating agency Icra said

Rising sales numbers not a reflection of ground reality, say auto dealers

Dealers say that with more job cuts and salary reduction, banks and NBFCs have become more cautious