Page 3 - Indian Banks Association

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Credit growth will rise to 8-9% by March-end: IBA chairman Rajkiran Rai G

The economy needs all the support and the banking system is playing a very active role in this, said Rai G

Banks working to speed up ICA process for resolution of stressed loans: IBA

Indian Banks' Association chief executive Sunil Mehta said a draft on the same has been already given to banks for their suggestions

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

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

Bank employees' 15% wage hike may not be a costly affair for lenders

The hike in pay slip cost does not factor in superannuation and pension costs, along with performance linked incentives

Bank of Maharashtra reports 25% jump in Q1 profit on higher interest income

The lender had reported a profit after tax of Rs 81 crore in the year-ago same quarter and Rs 58 crore in the quarter ended March 31, 2020

RBI draft governance code undermines bank chief executive officers: IBA

Says move to make board executive in nature will not fly; some independent directors expected to move on

Loan moratorium: SC sees 'no merit' in charging interest on unpaid interest

Next hearing in August, Bench instructs centre, RBI to firm up views

IBA considering proposal to set up AMC and AIF, takeover NPAs from PSBs

The coronavirus pandemic is expected to result in a rise in non-performing assets (NPAs) despite relief measures

SBI to grant moratorium to NBFCs on case-by-case basis amid Covid-19 crisis

Considers 25 fresh credit proposals from shadow banks

IBA demands recast of loan accounts of small firms amid Covid-19 crisis

The RBI had permitted a one-time restructuring of existing loans to GST-registered MSME units

Covid-19 crisis: Each bank to decide on granting moratorium to NBFCs

However, there was no clarity on whether the finance companies that borrow from banks would get the option to delay payments to their lender banks.

RBI steps increase lending, but sector-specific package must: Bankers

RBI by reducing reverse repo rate by 25 basis points has sent clear signals to deploy that money - either by investing markets (bonds and short term paper) or by extending credit

Decoding the 3-month moratorium

In the world of finance, a moratorium is a temporary suspension of an activity in response to sudden financial hardships

No disruption in services, all branches to remain open: Bankers assure FM

During the call, she also instructed CEOs to ensure that all branches and ATMs remain open and continue operations

Covid-19 impact: HDFC, ICICI urge customers to use digital banking services

HDFC Bank has urged people to use cheque drop boxes to help reduce crowding in branches

An opportunity in Covid-19 crisis: Revisit all loan repayment contracts

It is a chance for stakeholders in the banking sector to revisit contractual obligations, say experts

Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA

IBA's managing committee met on Friday and decided to put up five set of demands to the central government and RBI to help the financial sector and retail and corporate borrowers alike

Banks to approach RBI for relief on NPA classification amid Covid-19 fears

The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association, the two senior bankers said, asking not to be named as the talks were still private