Page 8 - Indian Banking Sector

Bad loans fall to Rs 8.08 trn in Sep 2020 from Rs 10.36 trn in Mar 2018

Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday

Canara Bank Q3 net down 9% to Rs 696 cr due to higher provisioning

Gross NPAs drop 236 bps to 7.46%, net NPAs down 298 bps to 2.64%

Federal Bank's Shyam Srinivasan is Business Standard Banker of the Year

Five-member jury chooses him for consistency of performance

Best of BS Opinion: Start-up's flights of fancy, powering mobility & more

Here's a selection of Business Standard opinion pieces for the day

A poor idea

Bad bank will only kick the can down the road

Yes Bank board of directors to meet on Friday to consider fund raising plan

The board will consider a proposal for further fundraising through various means

The new playbook: RBI steps in to stem the nexus between banks and fintechs

With the RBI red-flagging mushrooming of digital apps, the tango between banks and fintechs may be in for a big change, report Hamsini Karthik and Raghu Mohan

Expect banking revival in 2021

The potential turnaround in banking means the government does not need to act in haste, only to repent at leisure

Old problem, older solution

State-controlled DFIs will have the same problems as PSBs

Bank Investment Company may be approved in upcoming Budget, finally

A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity

Not recap alone

Budget could be a good starting point for deeper banking reforms

RBI's red flag

Recognition of NPAs in PSBs must be swift

RBI raises concerns over zero-coupon bond for PSB recapitalisation

The Reserve Bank of India (RBI) has expressed some concerns over zero-coupon bonds for the recapitalisation of public sector banks (PSBs) and discussion is on between the central bank and Finance Ministry to find a solution, according to sources. The government resorted to recapitalisation bonds with a coupon rate for capital infusion into PSBs during 2017-18 and interest payment to banks for holding such bonds started from the next financial year. To save interest burden and ease the fiscal pressure, the government has decided to issue zero-coupon bonds for meeting the capital needs of the banks. The first test case of the new mechanism was a capital infusion of Rs 5,500 crore into Punjab & Sind Bank by issuing zero-coupon bonds of six different maturities last year. These special securities with tenure of 10-15 years are non-interest bearing and valued at par. However, the RBI has raised some issues with regard to calculation of an effective capital infusion made in any bank ...

RBL Bank: Worst may be over, but near-term asset quality pressures seen

Renewed focus on MFI loans and credit cards should put the bank on growth trajectory after six quarters

The long-term growth opportunity 2021 presents

The digital super cycle will encompass progress in all areas and will accelerate further on advancements in machine learning and artificial intelligence

RBI wants IDBI Bank to come out of PCA framework before stake sale

The government's shareholding in the lender is 47.11 per cent, while LIC holds 51 per cent in it

Best of BS Opinion: Next step on vaccines, farmers' protest, and more

Here's a selection of Business Standard opinion pieces for the day.

Thoughts on banking in the new decade

Those banks that remain complacent, bragging about their captive customer base, may turn dinosaurs

We could be on the cusp of banking 2.0

The last couple of years saw the RBI taking up the sheet anchor role to steer the economy. The accommodative interest-rate stance implies that it is ready to walk the extra mile to bolster the economy

Indian banks' loans rose 6.1% in two weeks to Dec 18, shows RBI data

Outstanding loans rose 518.61 billion rupees ($7.09 billion) to 105.50 trillion rupees in the two weeks to Dec. 18