Page 44 - Banks

Banks manage reward points costs with hike in slabs, explicit cuts

However, banks are managing these costs closely through a hike in slabs and some explicit cuts.

How banks unwittingly finance mass shootings

A New York Times examination of mass shootings since the Virginia Tech attack in 2007 reveals how credit cards have become a crucial part of the planning of these massacres

Banks to be closed for 5 days due to holidays, strikes in December

The banks will remain closed on December 22 and 23 on account of fourth Saturday and Sunday respectively. December 25 will be national holiday for Christmas

No more free services? Why you should brace for additional bank charges

The current issue is about service tax, but it has even more serious implications under the GST regime

Unless banks lend, how will they come out of PCA?: Financial Services Secy

The NPAs peaked at 11.6%(by the end of March 2018) and have reduced by Rs 360 bn in the first two quarters of this financial year

Leading banks squeeze money flow to car dealers after inventory pile-up

Banks, which are aware of the retail car sales trend, are also apprising manufacturers of the critical situation and asking them not to push more stocks to dealerships

Banks have dominated in top management changes this year: Report

There have been as many as 18 top management changes in listed public sector banks, and another nine in the private banking space

IDBI Bank and 10 other banks under PCA near asset quality stability

The net interest income has shrunk sequentially since their loan book is growing at a slow pace or contracting in some cases

Banks face various risks from trade tensions, market turmoil: IIF Panel

The saddest thing about the Bali meetings is that "Italy is seen as one of the greatest risks in the world," tweeted Davide Serra, the founder of Algebris Investments

Uneven liquidity profile of large and small banks showed in September

With the quarter and financial half-year ending, banking system liquidity was strained due to advance tax outflow and goods and service-related payments

Restrictive regulatory regime

Rather than inject fresh capital only into banks that transgressed most, and punish all equally with draconian restrictions for transgressions of few, a judicious lowering of CARs will help all banks

Non PCA State-run banks to retain loan market share at 51% medium term

The RBI started this punitive action these bank's bad loans ballooned to high double digit levels

34 in fray for MD post in BoB, UCO Bank, other PSBs; interview next week

This is the first time in so many years that deputy managing directors of SBI will appear for interview for the post of MDs

Temasek Holdings pays Rs 10 billion for 5% stake in Au Small Finance Bank

The capital is expected to support the bank's organic business growth in the current financial year (FY19) and the next (FY20).

Banks to face bigger challenges than NPAs in the coming years, says SBI

The coming years will be very challenging for banks which will have to look beyond the bad loan resolution and address pressing issues such as frauds, cyber security and governance, SBI has said. The operating environment has become increasingly complex, the state-owned bank said in its Annual Report 2017-18. Resolution of stressed assets has progressed satisfactorily and the final outcome will take some more time to reflect in the profit and loss (P&L), it said, adding that this delay is mainly because new laws take some time to mature in practice, . "The coming years will be very challenging for the banking system as a whole," said the country's largest lender. "The structural transformation of banks must move beyond the non-performing asset (NPA) resolution and address other pressing issues, such as frauds, customer retention and servicing , human resource, cyber security and governance," it added. Of all the 21 public sector banks (PSBs), 19 have registered a staggering loss .

Banks fund agricultural technology companies for rural lending

YES Bank said it was partnering several fintechs to offer differentiated banking services in rural pockets of the country

SBI raises lending rates by 10 bps, followed by PNB, ICICI Bank, HDFC

SBI's one-year MCLR, which most loans are based on, is now 8.25%

How $30 bn hit looms for banks if new accounting rule kicks in on April 1

If advances grow more than 7 per cent or 8 per cent, banks may need $14 billion toward additional provisioning even after the recapitalization IndAS estimates

No proposal of PSB merger under consideration: Govt

To facilitate consolidation in the public sector banking space, the Cabinet in August gave in-principle approval for PSBs to amalgamate through an Alternative Mechanism

Record share sales bring Indian banks little cheer in the way of fees

For banks which arrange the sales, fees earned as a percentage of funds raised hit the lowest in four years