Page 42 - Banks

From return on assets to employee cost, private banks surpass PSBs

The cost per employee is the highest in large public sector banks

Latest PSB merger could create Rs 5,000 cr business in IT outsourcing

Including consultancy companies, around Rs 5,000 crore of business could be generated

Technology underlay FM Nirmala Sitharaman's bank mergers decision

Numbers of officers now more than other workers in PSBs

Delivering on growth a must for NextGen PSBs to attract investors

Analysts cite examples of SBI and BoB to indicate how the mergers could be value-depletive for investors in the near term

Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar

We have budgeted Rs 70,000 crore for this year, says Finance Secretary Rajiv Kumar

How technology integration, regional synergies drove bank merger plan

PNB will take over OBC and UBI to become the country's second-largest lender after SBI in terms of business

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

FM Sitharaman's bank mergers step will make resolution process easier

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

Banks may seek consent before allowing transfer of funds to your account

The move is a follow-up to instances of illicit deposits - after demonetisaton - in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana

Banks may take majority stake in DHFL, convert part of debt into equity

DHFL owes banks Rs 40,600 crore. It also has a liability of Rs 45,380 crore to pay the holders of debentures and bonds

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

Slow revenue growth of top four US banks likely to affect Indian IT firms

According to the HSBC report, top line growth of the top four US banks fell to around 2 per cent in the second quarter ended June this year, as compared to around 5 per cent in the previous year

63% banks report decline in NPA in infra sector in six months: Ficci-IBA

57 per cent of banks surveyed said engineering goods has seen a reduction in NPA levels

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

Basic savings accounts in co-op banks should be made free, says RBI

The BSBD Account shall be considered a normal banking service available to all, RBI said

Valuations of banks could go up in 12 months: Morgan Stanley's Anil Agarwal

The challenge for wholesale-funded institutions whether it's a bank, non-bank or housing finance company, is that they cannot lend because they are struggling with liquidity, says Anil Agarwal

No, private sector banks were not blameless; nationalisation was inevitable

Bank nationalisation was not driven by leftist ideology but by a sense of drift in the country and by banks dragging their feet on serving rural areas