Page 15 - Indian Banking Sector

Letter to BS: RBI should review its licensing guidelines for banks

Directors should be chosen like the way regulators approve the choice of CEOs and statutory auditors under the joint purview of the Sebi and the RBI

Question marks remain over YES Bank rescue

The revised rescue plan for YES Bank looks better but it remains to be seen if it will be adequate to repair the damage done to confidence in the bank

Tipping point: Should you exit banking funds when the sector is down?

Even though market sentiment has turned against the banking sector currently, its long-term prospects remain strong

YES Bank resumes inward NEFT, IMPS services; customers can now pay dues

YES Bank administrator Prashant Kumar said that the moratorium imposed by the Reserve Bank of India could be lifted before the end of this week

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

Letter to BS: Intriguing how despite checks YES Bank could lend recklessly

The epicentre of revival will be the effectiveness of the action plan of the new management to recover loans

Best of BS Opinion: YES Bank fallout, Data Protection Bill, and more

Business Standard Opinion pieces for the day talk YES Bank's fallout, Data Protection Bill among other issues.

Statsguru: How PSBs deal with integration in a challenging biz environment

The RBI in December 2019 noted that private sector banks accounted for 69 per cent of incremental loans in 2018-19

It's the incentives, stupid

The most important post-mortem required after the YES Bank crisis is about flawed incentives of bankers and officials

Low on investor confidence and growth, private banks in for tough days

Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector

Reform PSBs

Time is up for directed lending approach

Banks of future will be very different, says RBI governor Shaktikanta Das

Regulating the distinct segments of these banks would be a challenging task, said Shaktikanta Das

SBI stock basking in optimism; stakes too high to disappoint investors

Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort

Bankers, analysts welcome RBI's liquidity boosting policy measures

The market has taken the long-term repos worth Rs 1 trillion as the biggest developmental and regulatory step that came out of the blue, analysts said

Hike in deposit insurance cover will not hit banks' balance-sheets: RBI

The Reserve Bank does not see any major impact on the balance-sheets of banks due to the five-fold hike in deposit insurance to Rs 5 lakh. Following the failure of a number of cooperative banks, with the city-based PMC Bank being the latest and the largest last year, the budget allowed the Deposit Insurance and Credit Guarantee Corporation (DICGC) to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh. "The premium is something, which we consider, will increase from 10 paise to 12 paisa per Rs 100 for the time being. So, the impact on banks' balance sheets is not likely to be much," RBI Deputy Governor B P Kanungo told reporters during the post-policy presser. The hike in deposit insurance coverage has been a long pending demand from bank depositors and it recently came to fore after the crisis at Punjab & Maharashtra Cooperative (PMC) Bank. It can be noted that in 2019 alone more than 30 cooperative banks went belly up in Maharashtra alone. The DICGC, a wholly-owned ...

India must have at least six banks in top 100 global list: Economic Survey

Equity markets also discount PSBs

Protecting bankers

Govt should not lose sight of wider reforms in PSBs

Letter to BS: Watering down framework for detection of bank frauds is wrong

Are we saying that the responsibility and accountability for dealing with frauds gets diminished when there is an economic and, bank lending, slowdown?

Banking sector under stress, govt can't bail it out, says Abhijit Banerjee

Banerjee also said that demand slowdown in the automobile sector also shows that people are lacking confidence in the economy.

Neither affordable nor relevant

Is it time to review the need to maintain CRR funds with the central bank?