Page 12 - Indian Banks

Indian bankers in talks as court rulings threaten over $6 billion in loans

Any failure to recoup money adds to stress in banking sector, which is dealing with increased level of bad loans and reduced profits because of the impact of the pandemic

Retail loans, long a safe bet for many banks, show uptick in defaults

HDFC Bank, ICICI Bank and Axis say bulk of the loans marked substandard in April-June was in retail category, but expect turnaround as lockdowns end.

RBI cancels licence of Madgaum Urban Co-operative Bank Ltd, Margao

The RBI further said that as per the data submitted by the bank, about 99 per cent of the depositors will receive full amounts of their deposits

UK court declares Vijay Mallya bankrupt for Indian banks to realise debt

The Indian banks, represented by the law firm TLT LLP and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks

Fairfax-backed CSB Bank Q1 net profit jumps 14% to Rs 61 crore

Sequentially, too, the Kerala-based bank reported improved numbers, posting a rise of 42 per cent.

Hope fades for PSBs

Govt cannot keep infusing capital perpetually

HDFC Bank writes off Rs 3,100-crore NPAs in the April-June quarter

Offloads Rs 1,800 crore of bad loans

External benchmark system improves monetary transmission: RBI Article

Private sector banks have exhibited increased pass-through to lending and deposit rates compared to public sector banks.

Liquidity in the banking system rises as govt steps up spending

Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed

HDFC Bank's loss is ICICI Bank's gain on credit cards: Check details here

Between December and May, HDFC Bank's credit card kitty saw a drop of 528,447 cards while that of ICICI Bank increased 1.16 million, the highest by any lender during the period

Banker's Trust: Has crony capitalism hijacked bad loan resolution?

If bankers move fast and preserve the enterprise value of defaulting companies, recovery rate will improve even as the new insolvency law, much like the GST, remains a work in progress

Status check: Banks are yet to build up a robust 'Covid loan book'

The RBI came up with the scheme on May 7, mainly for the health sector. It subsequently increased the amount to include contact intensive sectors to ease the hardship

RBI to banks: Phase out Libor soon, move to alternative reference rates

However, lenders say they're not sure which alternative will be more reliable

Bankruptcy process needs a re-look

A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders

RBI imposes penalty of up to Rs 2 cr on 14 banks for non-compliance

The penalty ranges from Rs 50 lakh to Rs 2 crore, with SBI being charged Rs 50 lakh and BoB Rs 2 crore

Large banks with strong balance sheet to grow faster: Axis Bank CEO

Sustained fiscal and monetary support by the government and the RBI would help economic recovery by the second half of this fiscal, Axis Bank's top official said

Valuation of SBI, subsidiaries can be better: Chairman Dinesh Kumar Khara

The early numbers indicate that we have seen traction in the retail book. But, not much traction was seen in the corporate book, said Dinesh Khara, Chairman, SBI

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

Best of BS Opinion: Some stability returns, view from the edge & more

Here are the best of Business Standard's opinion pieces for Friday

Bad debts to rise due to Covid, but banks adequately capitalised: RBI FSR

The ferocity of the second wave of Covid-19 has dented economic activity, but monetary, regulatory and fiscal policy measures have helped stabilise markets, and maintain financial stability, says FSR