Page 35 - Banks

Investors should go beyond banks' headline numbers, dig deeper after recast

While corporate loans shall be restructured, retail and SME loans are at lenders' discretion

Govt pushes state-run banks to step up loans to street vendors: Report

Banks in Madhya Pradesh are scrambling to boost lending to street vendors in a bid to bolster numbers ahead of a visit this week by Prime Minister Narendra Modi

Banks sanction loans of Rs 1.61 trn to MSMEs under credit guarantee scheme

The Finance Ministry on Monday said banks have sanctioned loans of about Rs 161,017 crore under the Rs 3-trn ECLGS for the MSME sector reeling under the slowdown caused by the coronavirus pandemic

Why RBI's priority lending norms may not mean quick relief for start-ups

Banks are building capacity to understand this segment better

Private banks likely to gain market share from state-owners peers: Fitch

Fitch Ratings said private sector banks, with stronger loss-absorption buffers, are likely to gain market share from their state-owned peers in the medium term

Finance Minister asks banks to roll out loan restructuring scheme by Sep 15

Nirmala Sitharaman asked banks, NBFCs to roll out loan restructuring scheme for Covid-related stress by September 15, and provide adequate support to the borrowers following the lifting of moratorium

IT dept launches functionality for banks to check refund filing status

The Income Tax department on Wednesday said it has launched a functionality for scheduled commercial banks to check status of income tax returns filed by entities based on their PAN

Refund charges taken since Jan 1 on UPI, RuPay payments: Tax dept to banks

To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU, in the Finance Act, 2019

'Banks need to look within': Here's the full text of RBI Governor's speech

He was speaking on the theme "It is Time for Banks to Look Deeply Within: Reorienting Banking Post-Covid"

India needs more banks for financial inclusion: SBI, HDFC Bank leaders

"Consolidation for the sake of consolidation" is not feasible because demand for financial services exceeds supply in the country, said Aditya Puri

Fake notes in circulation fall, but remain significant: RBI annual report

Banks detected 95.4% of fake notes in 2019-20 (April to March), while the remaining 4.6% were detected by Reserve Bank

Most banks see meaningful credit growth recovery only after 18 months

Most banks believe that meaningful credit growth recovery is likely only after 18 months, while near-term uncertainty on asset quality remains, brokerages tracking the development said

SBI board approves proposal to raise Rs 8,931 crore via Basel III bonds

The bonds in the nature of debentures qualifying as tier 2 capital of the bank have face value of Rs 10 lakh

Banks may restructure Rs 8.4 tn loans as economy sputters: India Ratings

A high proportion of the debt from the real estate, airlines, hotels and other consumer discretionary sectors is likely to be restructured

European banks face indigenous calls to end Amazon oil trade: Report

Fears over the impact of oil extraction in the Amazon were heightened in April when a pipeline ruptured, depriving 27,000 indigenous people of their main water source

Priority lending tag to provide new credit lifeline for young startups

Say banks will have to understand ecosystem's high-growth business model

RBI cuts capital charge on banks' investments in debt MF schemes

RBI has reduced the capital charge for investing in such schemes

Regulatory caps on bank guarantees boost demand for fixed deposit receipts

Arrangements between brokers and banks have come under Sebi, RBI lens over potential risks

Debt restructuring to help India Inc to tide over Covid crisis: CEOs

The debt moratorium has helped many companies to conserve cash and re-start operations. Yet, CEOs say it isn't enough as consumer demand has not picked up to pre-Covid levels

Aditya Puri: The Marathon Man and his stellar run on the banking track

Few have matched the HDFC Bank chief's longevity at the crease, within and outside the banking industry; a non-nonsense leader, he had a particular dislike for liars and the incompetent