Page 45 - Banks

Banks rally as Moody's upgrades India's rating

State Bank of India (SBI), Punjab National Bank, Bank of Baroda, ICICI Bank, Canara Bank, Axis Bank, Allahabad Bank, IDBI Bank, Bank of India and Syndicate Bank were up 2% to 4% on the NSE

64% of Indians used banks, more than in Bangladesh, Nigeria, Pakistan

As many as 68% said they had access to a mobile phone while only 26% said they had ever received or sent a text message

France steps up efforts to lure London banks to Paris

There's fierce competition between Paris, Frankfurt, other European cities to woo London-based banks

Italian banks sink on early election worries

European share prices were lower overall, but Italian banks fell

Trouble ahead for banks

Higher provisioning to dent profit, return ratios of most in Q4 and beyond

At 5%, FY17 bank credit growth slowest in 60 years

In the year to March 2016, banks reported a credit growth of 10.69 per cent at Rs 75.30 trillion

Banks, technology firms battle over your data

Banks like J P Morgan Chase and Wells Fargo say they want to give consumers access to their data

RBI puts 4 public sector banks under watch on asset quality concerns

UCO Bank also figures in the list and the name of fourth lender could not be immediately ascertained

Finance Ministry calls banks to discuss new facility to drain cash

The Finance Ministry wants to discuss implementing new framework called 'standing deposit facility'

Deadline for bank book clean up remains March 2017: Mundra

Banks were told to identify stressed assets and make prudential provisions for them, said Mundra

Banks want RBI to relax debt recast guidelines

Restructuring in limbo as promoters refuse to provide personal guarantees

Exit non-core businesses: Finance ministry advises state-owned banks

This is part of capital raising exercise for banks

With liquidity worry, banks return to CD market

Traditionally by the financial year-end, banks do issue a huge amount of CDs

Banks push debt-heavy firms to sell assets by March

Focus is on recovering part of the money from large borrowers before the close of the financial year

Banks raise Rs 25,000 crore via AT-1 bonds in Apr-Dec 2016

ICRA said the capital requirement for PSBs in 2016-17 is pegged at Rs 45,000-50,000 crore

In November, banks' exposure in all major industries shrank

The infrastructure sector saw a dip of 6.7% in the year to November 25

Banks' financials may improve in Q3

In the same quarter a year before, most of them had reported a dismal performance

Bank margins face multiple headwinds

While rate cuts may increase churn between banks, these may not boost credit off-take meaningfully

Banking funds top sector performer in 2016

Banking funds have emerged the top performers among sectoral ones in calendar year 2016, beating other categories such as pharmaceuticals, information technology (IT), fast moving consumer goods (FMCG) and infrastructure.Banking funds have given a one-year return of 8.7 per cent, shows data from Value Research. The only other category which has given a positive return this year is infrastructure (0.5 per cent). FMCG, IT and pharma funds have seen a decline of 1.3 per cent, seven per cent and 13.5 per cent, respectively.In the past year, banking funds have also outperformed the general benchmark indices on the two major bourses, the Sensex and the Nifty (returns under one per cent), as well as the Nifty Bankex index (6.3 per cent). This is despite the underperformance of these funds in the past month, due to the unexpected increase in cash reserve ratio by the Reserve Bank of India in late November and subsequent status quo on key policy rates. In the past month, the category has shed .

The fine print is key: Know your rights as a bank customer

Don't do banking transactions without being fully aware of the fine print