Page 5 - Indian Banking System

Suryoday SFB partners Kyndryl to drive digital, IT transformation

Collaboration will enable Suryoday Bank to provide enhanced security, availability, and manageability for core IT and banking applications

Loans to be costlier as banks hike rates; SBI, Axis revise MCLR upwards

Kotak Mahindra Bank, increased its one-year MCLR by 5 bps to 7.4 per cent, from April 16

Moody's maintains 'stable' outlook for Indian banks on recovering economy

It said that the global economic fallout from the Russia-Ukraine military conflict will create some risks

The deadweight of banking fraud in India: What's the weak link?

Fraud doubled in value to Rs 1.85 trillion in FY20, which is nearly equal to the recapitalisation amount injected into state-run banks during the year

Bank credit grows by 7.9% to Rs 116.27 trn; deposits by 8.6%: RBI data

Bank credit grew by 7.9'% to Rs 116.27 trillion and deposits rose by 8.6% to Rs 162.17trillion in the fortnight ended February 25, RBI data showed

Bank of Maharashtra emerges leader among PSBs in deposit mobilisation in Q3

Bank of Maharashtra (BoM) has become top performer among public sector banks (PSBs) in terms of growth in deposit mobilisation in the third quarter ended in December 2021, according to an analysis. The Pune-headquartered lender recorded a 15.21 per cent increase in total deposits at Rs 1,86,614 crore in the October-December period of 2021-22, according to the data published by the bank. An analysis of data disclosed by various lenders for the third quarter showed that BoM was followed by Punjab & Sind Bank which posted a 10.87 per cent growth in total advances with aggregate loans at Rs 1,00,351 crore. When it came to savings deposit mobilisation, BoM recorded an 18.33 per cent growth at Rs 80,815 crore. It was followed by Bank of Baroda that reported a 12.36 per cent rise at Rs 3,22,909 crore and State Bank of India. SBI posted an increase of 10.30 per cent. However, in absolute terms, SBI's savings deposit base was 18 times higher at Rs 14,73,506 crore as against BoM's Rs 80,815

RBL Bank does not anticipate big short-term capital needs: Rajeev Ahuja

He told reporters the bank does not anticipate major capital needs in the short term, countering fears of problems in management

RBL CEO Ahuja goes on leave after RBI appoints additional director to bank

Ahuja's leave coincides with RBI appointing one of its chief general managers, Yogesh Dayal, as an additional director in the bank for a period of two years

Banks need additional $70 bn to back $5- trn GDP: SBI's Dinesh Khara

Banks would continue to play a critical role in meeting the needs of corporations

Low interest rate: Incentive and subsidy

Some of the benefit due to a low interest rate policy is not an incentive; it is a subsidy

Dhanlaxmi Bank Part-Time Chairman G Subramonia Iyer submits his resignation

His resignation is to be effective from December 31, 2021

Privatisation of PSBs: Two-day bank strike from December 16

In the budget speech of 2021, Union Finance Minister Nirmala Sitharaman had said that two public sector banks will be privatised during the current fiscal

BS BFSI INSIGHT SUMMIT | Indian Banking: Past Imperfect, Present Tense but Future Bright

BS BFSI INSIGHT SUMMIT | Bank Privatisation: Undoing 1969

IDFC First Bank's Sept quarter net up 50% on improved interest margins

It had posted a net profit of Rs 101 crore in the second quarter of the last financial year (Q2FY21)

BS BFSI INSIGHT SUMMIT | We need banks. Do we need bankers?

BS BFSI INSIGHT SUMMIT | Small Finance Banks: Can they make it big?

ICICI Bank UK repatriates $200 million capital to parent firm in India

This is not the first time the bank has repatriated capital from its foreign arms

RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection

Regulator found that bank did not credit amounts involved in unauthorised electronic transactions (shadow reversal) and did not report cyber security cases within prescribed time

Ind-Ra retains 'stable' outlook on Indian banking sector in FY22

The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22