Page 27 - Indian Banks

Crisil downgrades Indian Bank's tier I bonds on lower reserves position

Crisil evaluated the adequacy of Indian Bank's eligible reserves to service coupon after adjusting for any medium-term impact of profitability on reserves position in a stress scenario

Govt keen to speed up stake sale in four PSU banks this fiscal: Report

Govt wants to overhaul the banking sector and is also pushing for privatisation of banks and other PSUs to help raise funds for budgeted spending amid a fall in tax collections

Govt may not need to infuse fresh capital in PSU banks this fiscal: Report

The poor credit offtake on account of coronavirus pandemic may obliterate the need for significant growth capital during the current fiscal

Banks have opportunity to tap into rural sector in post-Covid world: Ghosh

Bandhan Bank has already disbursed around Rs 3,500 crore in rural locations last month, Ghosh said during a webinar organised by the MCCI

City Union Bank PBT in Q1 down 15% to Rs 199 cr on provisions

PBT for the quarter was impacted on account of additional provision of Rs 100 crore towards Covid-19

Centre may empower public sector banks to induct non-executive directors

Recommendations of P J Nayak Committee could see the light of day

Even with Covid, our fresh slippages will be in control: SBI chairman

We believe most customers would start paying EMIs from September as the moratorium comes to an end, said Rajnish Kumar

Lot has been done, but best of HDFC Bank yet to come, says Aditya Puri

Puri expressed satisfaction that he was passing on the baton to Sashidhar Jagdishan, who is the "worthiest person" to lead the bank

City Union Bank reports 17% decline in net profit at Rs 154 cr in Q1

The bank had posted a net profit of Rs 185.65 crore in the corresponding period of the previous fiscal, CUB said in a regulatory filing

Restructuring likely to be at 5-8% of banks loan book under new norms: ICRA

Last week, the RBI allowed banks to go for a one-time restructuring of corporate and personal loans that are under stress due the Covid-19 pandemic

Central Bank of India Q1 profit up at Rs 147 cr, NPA ratio slumps to 6.76%

The bank had posted a net profit of Rs 121.61 crore during the same quarter a year ago

In compliance with promoter stake reduction requirement: Kotak Bank

The bank was required to bring down the promoter's shareholding to 26 per cent

ICICI Bank launches QIP with floor price of Rs 351.36, eyes Rs 15,000 cr

The bank's Capital Adequacy Ratio (CAR) stood at 16 per cent as on June 30, 2020 with Tier I at 14.72 per cent. The asset quality profile of the bank improved during the reporting quarter

Madhavan Aravamuthan appointed new chairman of Fairfax-backed CSB Bank

His skill set includes a deep knowledge of IT systems, payment and settlement systems, offsite surveillance of banks, etc

Banks may not have to pay service tax for facilitating international trade

To facilitate trade, Indian banks provide services to exporters by sending the export documents to the bank of the importer abroad and collect payment

One-time loan recast: Tricky road lies ahead for Kamath panel, say experts

Govt appoints four more members; norms in 30 days after recommendations

UBS Principal Capital Asia sells shares worth Rs 150 cr in Axis Bank

A total of 3.5 million scrips of the private sector lender were sold at an average price of Rs 428.7 apiece, valuing the deal at Rs 150 crore, according to block deal data on the BSE

No current accounts for clients with cash credit, overdraft facilities: RBI

In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account

No bank licence to India Inc: RBI sees threat to financial stability

The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector

Monetary policy: Here's why RBI may go for rate cut on Thursday

BofA says the RBI will not only cut rates now, but will follow it up with another 75 bps cut in rest of the financial year 2020-21 (FY21)