Page 29 - Indian Banks

Banks, businesses debate decriminalising dishonouring of cheques

The government wants to change the law, more so in recent months as part of reforms helping business

Banks need to raise, conserve capital due to Covid: Former RBI deputy guv

NPA levels of banks are sure to go up and the entire risk management mechanism will undergo a paradigm shift, Vishwanathan said

Partha Pratim Sengupta appointed new MD, CEO of Indian Overseas Bank

His appointment will be up to date of attaining the age of superannuation, December 31, 2022, or until further orders, whichever is earlier, it added

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

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

WhatsApp to partner with more Indian banks in financial inclusion push

WhatsApp will also expand pilot projects with banking and other partners to cover financial services such as pensions and insurance

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme

However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)

Canara Bank to raise Rs 5,000 cr in FY21 to strengthen capital base

The bank will seek shareholders' nod at AGM to be held on August 10 through audio/visual means in view of the coronavirus pandemic

Case for UBI should be delinked from pandemic response: Somanathan

Rajan, meanwhile, said that the central and state governments will have to maintain increased spending, whatever the deficit figures may be

Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

Two co-op banks move HC against Centre's ordinance bringing them under RBI

The first bench, comprising Chief Justice A P Sahi and Justice Senthilkumar Ramamoorthy, which admitted the pleas, posted the matter to July 20.

RBI reserves to recap banks amid economic slowdown? Experts divided

Reserve Bank of India (RBI) Governor Shaktikanta Das last week said banks should not wait for any event to happen, but actively raise capital to ensure financial resilience.

Retail payments report recovery in May, jump 23% to Rs 24.22 trillion

Total payments that include digital payments and payments made via paper-based instruments rose 12.5 per cent to Rs 94.64 trillion in May, against Rs 84.10 trillion in April.

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

Operating buffers of top five banks to fall 15%, says India Ratings

Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.

Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1

The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.

Indian banks pursue bankruptcy order against Vijay Mallya in UK court

Mallya's legal team, led by barrister Philip Marshall, countered that the banks were secured creditors and that the petition should be dismissed.

Centre may tell IBA to set up 'bad bank' with financial support from banks

The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore