Page 30 - Indian Banks

Borrowers opting out of loan moratorium with unlocking of economy: Bankers

According to Punjab National Bank Managing Director S S Mallikarjuna Rao, only 30 per cent of borrowers utilised moratorium facility while 70 per cent continued to service their loans.

Low interest rate regime critical for survival of banks: K V Kamath

Praising the decision of the RBI for extending moratorium to borrowers till August, Kamath said it was very well done

Extension of moratorium till Dec is the only viable option left: Bankers

Affected individuals and companies will again avail it, albeit a little less in number than the first version that ran between March to May

Banks disburse over Rs 52,255 crore to MSMEs under credit scheme

However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs) till July 1.

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

Indian banks may face asset quality, earning pressure for 2 years: Fitch

Indian banks are likely to require at least $15 billion in fresh capital to meet a 10 per cent weighted-average common equity tier-1 ratio under a moderate stress scenario

Indian banks will need $15 billion capital to meet Tier I norms: Fitch

The amount could rise to about $58 billion in a high-stress situation where the domestic economy fails to recover from the coronavirus pandemic-related disruption.

Covid-19 pandemic may set back banks' recovery by years, says S&P

It also expects non-performing assets (NPAs) to hit a fresh high this year.

Payment of advance does not create lien over supplier's assets: Expert

Your rights arise only from the contract between you and the supplier, say expert

Weak assets of Indian banks may shoot up to 14% by March 2021: S&P

The tough operating conditions could lead to a rise in non-performing loans (NPLs) and credit costs. It may also result in delay in recoveries for the banking system

Fair solution to rate transmission in the works: FM Nirmala Sitharaman

The finance minister told the industry it needed to introspect on how businesses are run and on Aatmanirbhar Bharat, for India to realise the full potential.

Covid-19 crisis: Indian banks operating in UK cautiously optimistic

Boris Johnson announced further relaxations in lockdown enforced due to Covid-19 pandemic

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

EXIM Bank is planning to raise $2 bn by end of CY20: MD David Rasquinha

Managing Director David Rasquinha said the bank has enough resources to repay bonds ($500 million) maturing in August.

Indian Overaseas Bank back in black with pre-tax profit of Rs 83 crore

With this, the bank has met the final parameter to come out from the Reserve Bank of India's Prompt Corrective Action (PCA) framework, which was imposed in 2015.

Downgrade of India's sovereign rating by Moody's not surprising: SBI report

India's sovereign rating was downgraded by Moody's to Baa3 with a negative outlook on the pretext of prolonged period of slower growth, rising debt and stress in financial system.

Union Bank of India reports pre-tax loss of Rs 3,359 crore in Q4

It posted a net loss of Rs 2,503.1 crore in Q4FY20, against a loss of Rs 3,369.2 crore in the same period a year ago.

BoB posts pre-tax loss of Rs 1,723 crore in Q4; stock ends 2.13% higher

The bank posted a net profit of Rs 506.5 crore in Q4FY20 compared to net loss of Rs 991.3 crore in Q4FY19.

YES Bank gets approval to raise up to Rs 15,000 crore via FPO in July

The issue, to be managed by SBI Caps, will be launched at a substantial discount to the current market price to attract investors.

Precautionary savings

Slowdown impact on household finances even before Covid