Page 10 - Indian Banking Sector
A reform that demands more attention
Awareness of the banking sector's many initiatives to help stressed businesses tide over the pandemic is low
 "A reform that demands more attention")
Why insurance firms are poised to march past the banks on the stock market
They make up 43% of the m-cap of banks today and many, including LIC, will soon be listed; by contrast, not a single yet-unlisted bank is so massive as to create ripples when it goes public
 "Why insurance firms are poised to march past the banks on the stock market")
Private banks may see NIMs dip in Q2FY21; loan restructuring roadmap eyed
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
 "Private banks may see NIMs dip in Q2FY21; loan restructuring roadmap eyed")
Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next
How did a profitable bank founded 94 years ago to serve small businesses became a headless institution? Listen to the podcast to know more
 "Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next")
Citi appoints Arjun Chowdhry as acting head of consumer banking in India
Chowdhry, who has been with Citi for 25 years, currently serves as the head of credit cards, payments and unsecured lending for the American bank in India.
 "Citi appoints Arjun Chowdhry as acting head of consumer banking in India")
Ind-Ra cuts banking outlook to negative on rising NPA, credit cost
As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system
 "Ind-Ra cuts banking outlook to negative on rising NPA, credit cost")
Credit growth: Barking up the wrong tree?
It is unfair to expect risk capital from banks to prop up the economy. They deal with public money
 "Credit growth: Barking up the wrong tree?")
Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs
Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders
 "Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs")
Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs
Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year
 "Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs")
SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations
The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector
 "SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations")
Banks 'prudent, careful' as economic recovery will take long: CEOs
The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"
 "Banks 'prudent, careful' as economic recovery will take long: CEOs")
BoI plans to raise up to Rs 8,000 cr in tier-I and tier-II capital
Lender to also set off accumulated losses worth Rs 23,782 cr
 "BoI plans to raise up to Rs 8,000 cr in tier-I and tier-II capital")
Governance more important than ownership of banks, says SBI chairman
A government move to reduce its stake in some public sector banks will not do any harm, he says.
 "Governance more important than ownership of banks, says SBI chairman")
Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%
The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)
 "Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%")
Even with Covid, our fresh slippages will be in control: SBI chairman
We believe most customers would start paying EMIs from September as the moratorium comes to an end, said Rajnish Kumar
 "Even with Covid, our fresh slippages will be in control: SBI chairman")
One-time loan recast: Tricky road lies ahead for Kamath panel, say experts
Govt appoints four more members; norms in 30 days after recommendations
 "One-time loan recast: Tricky road lies ahead for Kamath panel, say experts")
RBI to set up innovation hub for financial inclusion, efficient banking
The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services
 "RBI to set up innovation hub for financial inclusion, efficient banking")
No bank licence to India Inc: RBI sees threat to financial stability
The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector
 "No bank licence to India Inc: RBI sees threat to financial stability")
Financial sector firms hit market to prepare for post-Covid world
Most private banks and non-banking firms are able to raise money on the strength of their profile
 "Financial sector firms hit market to prepare for post-Covid world")
Moratorium extension will lead to debt pile-up: Sunil Mehta, CEO, IBA
In an interview, SUNIL MEHTA discusses with Somesh Jha the demerits of extending the loan moratorium window and argues why it is the right time for the regulator to allow banks to restructure loans
 "Moratorium extension will lead to debt pile-up: Sunil Mehta, CEO, IBA")
