Page 15 - Indian Banks
RBL Bank net declines 34% in Q4 on higher provisions, drop in NII
Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period
 "RBL Bank net declines 34% in Q4 on higher provisions, drop in NII")
IndusInd Bank net profit jumps 194% in March quarter on low provisions
The profit after tax grew to Rs 926 crore, from Rs 315 crore in the year-ago period
 "IndusInd Bank net profit jumps 194% in March quarter on low provisions")
India's bank credit growth may dip further after touching record low
Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely
 "India's bank credit growth may dip further after touching record low")
Most bank CEOs have to hang up boots before 70 under latest RBI guidelines
RBI's CEO tenure cap: Banks have to expedite succession planning after RBI's new rules on CEOs term
 "Most bank CEOs have to hang up boots before 70 under latest RBI guidelines")
Need new well-capitalised asset-reconstruction companies, says RBI study
Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued
 "Need new well-capitalised asset-reconstruction companies, says RBI study")
De-risking risk business: Ensure absorbers before shock, says Vishwanathan
In his keynote address at Business Standard's webinar series, Former deputy governor says good capital buffers are a must
 "De-risking risk business: Ensure absorbers before shock, says Vishwanathan")
IL&FS case complexities reveal what India's resolution mechanism is lacking
A stretched rescue process reveals critical deficiencies in India Inc's corporate layering and resolution mechanism worsened by the pandemic
 "IL&FS case complexities reveal what India's resolution mechanism is lacking")
Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more")
A hale and hearty banking sector but...
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
Our lending book makes us bigger than some banks: ABCL CEO Srinivasan
Having grown larger than some of the banks, he tells Hamsini Karthik shareholders' value enhancement possibly through value unlocking would be something that ABCL would consider going ahead
 "Our lending book makes us bigger than some banks: ABCL CEO Srinivasan")
Fewer defaults on EMI payments by consumers in March, shows NACH data
According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February
 "Fewer defaults on EMI payments by consumers in March, shows NACH data")
Systemic risk to stay high for Indian banks amid second Covid surge: S&P
The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement
 "Systemic risk to stay high for Indian banks amid second Covid surge: S&P")
Future-ready banking
Book review of Transformational Leadership in Banking: Challenges of Governance, Leadership and HR in a Digital and Disruptive World
 "Future-ready banking")
Making bank privatisation exemplary
The policymakers could have chosen no better time than this financial year as the financial quality of the PSB balance sheets has improved this year compared with the last few years
Second Covid-19 wave heightens risks for Indian banks, says Fitch
Agency already sees moderately deteriorating environment for sector in 2021. Headwinds will intensify if rising infections and follow-up measures to contain the virus further affect business
 "Second Covid-19 wave heightens risks for Indian banks, says Fitch")
Privatisation of two public sector banks on meeting agenda next week
Four to five PSBs have been suggested by the Niti Aayog and they will be discussed in the meeting, sources said
 "Privatisation of two public sector banks on meeting agenda next week")
Banks will need to refund Rs 4,500 cr compound interest to borrowers
This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities
 "Banks will need to refund Rs 4,500 cr compound interest to borrowers")
Explained: How State Bank of India regained its footing on the bourses
India's largest bank is now the most valuable state-owned entity, even as other public sector firms struggle to retain their place on the bourses
 "Explained: How State Bank of India regained its footing on the bourses")
Auto-debit payments: RBI extends timeline for implementation of new rules
The new norms were supposed to kick in from April 1 but neither banks nor the other stakeholders in the ecosystem had readied their system
 "Auto-debit payments: RBI extends timeline for implementation of new rules")
Sensex drops 627 points, Nifty ends at 14,691; Banks, RIL drag market
A day earlier, both the indices had posted their biggest gain in nearly two months, advancing 2.3 per cent each
 "Sensex drops 627 points, Nifty ends at 14,691; Banks, RIL drag market")
