Page 10 - Indian Banks

Govt unlikely to announce capital infusion for PSU banks in Budget 2022-23

To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets, they added.

Bank officers' body to hold protest against govt's privatisation plan

All India Bank Officers Confederation (AIBOC) on Monday said it will hold a protest programme against the government's move to privatise public sector banks (PSBs) in Delhi later this month

Best of BS Opinion: The big shocks, a Pyrrhic victory for protesters & more

Here is the best of Business Standard's opinion pieces for Monday

Bad-loan market may see a flurry of activity after lull of past few years

The bad loan market may get a boost from the fact that Centre may not indulge state-run banks anymore by recapitalising them as in the past

Is the worst behind Indian banks?

Bankers are seeing better days ahead with expectations of a pickup in credit growth in the next few quarters as corporate India readies to invest. Let's wait and watch

Bank credit grows at 7.14%, deposits at 11.42%, shows RBI data

Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.

Closely monitoring business models, strategies of banks: RBI Governor

The central bank is closely monitoring the business models and strategies of banks, Reserve Bank of India Governor Shaktikanta Das said on Tuesday. He, however, clarified that the central bank's move is not intended at interfering in banks' commercial decisions, but it will red flag lenders if there is any risk building up. At the RBI, we have started taking a closer look at the business models and strategies of banks. Take your commercial decisions, we will not interfere, but we will see what kind of vulnerabilities and what kinds of risks are building up, and our first priority would be to caution banks themselves, Das said at the SBI's Banking and Economic Conclave. He said the RBI's supervision is now almost on a real-time basis and is not an annual exercise anymore. Technology has enabled a more intensive look towards the supervision process. While banks take their commercial decisions, they should also factor in the available liquidity and also the kind of interest rate ...

RBI Guv wants banks to be investment-ready as recovery gathers momentum

Shaktikanta Das on Tuesday asked banks to be investment-ready when the private Capex cycle picks up, as the pandemic-battered economy is on a strong recovery path

Karur Vysya Bank reports 44% jump in net profit to Rs 165 crore in Q2

The south-based lender had posted a net profit of Rs 115 crore in the same quarter a year ago.

Home loans grew 76% to Rs 79,043 crore in March quarter, shows data

Property loans also showed 21.9 per cent expansion at Rs 23,418 cr against Rs 19,207 cr in Q4FY20

RBI issues revised Prompt Corrective Action framework for banks

Capital, asset quality and leverage will be the key areas for monitoring in the revised framework, the RBI said

Private banks' Q2 profit soars 26% as economy shows signs of recovery

Helped by lower provisions and contingencies, which fell 26%; asset quality was broadly stable with 1% rise in GNPAs

Federal Bank net profit rises 50% to Rs 460 crore in September quarter

Private sector lender Federal Bank on Friday reported nearly 55 per cent jump in its consolidated net profit at Rs 488 crore for the second quarter of this fiscal ended September 30

PSU banks likely to get capital support in Q4 to meet regulatory needs

The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements

UCO Bank chief A K Goel is new IBA chairman, succeeds Union Bank MD

Banks Board Bureau had, in September, proposed Goel's for the forthcoming position of MD-CEO at Punjab National Bank. Centre to take final call on the appointment

Four Indian entities among 20 largest Asia Pacific banks in Q3:S&P analysis

HDFC Bank was ranked seventh with a market cap of $119 billion

Global climate action: Indian banks need to accelerate green financing

Indian banks need to move away from financing fossil fuels projects and prioritise lending to renewable energy and other environmentally sustainable projects

HDFC Bank's advances up 15% in Q2 of FY22, cites growth in rural India

Lender says it is recording growth in three business segments as the coronavirus pandemic slows down in India.

The big bank idea

India needs more efficient financial entities

Number of PE deals in India rose 60% over last 5 yrs: McKinsey's Akash Lal

In a Q&A, the Senior Partner at the Consultancy firm also says banks will need to increase productivity by 25%-30% to reach pre-Covid levels of profitability