Page 34 - Indian Banks

I request banks to take back 100% of their principal amount: Vijay Mallya

Asked about heading back to India, he noted: I should be where my family is, where my interests are

Are Indian banks out of the woods? Yes, no and the answers in between

Recovery of bad loans and fresh slippages or new NPAs will determine the road ahead for the banking industry

Budget 2020: NBFCs seek setting up of permanent refinance window for sector

Non-banking finance companies (NBFCs) have sought setting up of a permanent refinance window for the sector in the Union Budget, which they say will help them diversify their funding sources. The shadow banking players have also asked for allowing NBFCs with strong support from their parents to access public deposits. Finance Minister Nirmala Sitharaman is scheduled to present the Budget for financial year 2020-21 on February 1. Banks have been reluctant to lend to the NBFC sector after a series of default by Infrastructure Leasing and Financial Services (IL&FS) in September 2018. This risk averse approach of banks created a liquidity crunch for the entire NBFC sector which in turn had a multiplier effect on the important sector like automobiles, micro, small and medium enterprises (MSMEs) and consumer goods. "The need of the hour is to develop funding sources for NBFCs outside the banking system. A dedicated refinance window for NBFCs, has been a long-standing demand of the NBFC

SBI-led consortium allowed to utilise Mallya's movable assets to clear debt

Senior counsel Amit Desai, appearing for Mallya, said the court has ordered lifting of attachment of assets

Indian banking: Challenges in the new decade

Shall we see the closure of the bad loan saga in the new decade? There is no Lehman or East Asian crisis to blame; it's our own doing

Letter to BS: PSB lending should be meaningful to prevent capital wastage

Public sector banks have to adopt new technologies and security measures to project a better image and make themselves less vulnerable and globally competitive

Where have all the women bankers gone?

Flexi hours and creches for children can help retain them but a bigger problem at the moment is women bankers don't have too many role models to look up to

Erwin Braich, the puzzling Canadian tycoon behind bid to save Yes Bank

Erwin Braich, the son of a lumber baron from Punjab, has a history including bankruptcy, lawsuits and soured business deals.

Nearly 70 senior bankers in race to head debt-ridden Laxmi Vilas Bank

The Chennai-headquartered mid-sized private sector bank has been headless since mid-September after the then chief executive Parathasarathy Mukherjee left before the completion of his three-year term

Letter to BS: Banks should publish newsletters about financial performance

The Reserve Bank of India (RBI) as the central bank should tighten banking regulations for the staff and any deviation should be reported to the regulatory committee at the earlies

Put off by bank woes, investors ditch value buying for growth stocks

India's banking industry has been caught in turmoil over souring loans, with the crisis first emanating from the less-regulated non-bank financial companies such as IL&FS Group

Bank liable for duplicate cheques

The manager informed that four cheques had already been cleared from the account.

Indian banks are most vulnerable in Asia-Pacific economies, says Moody's

Banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults, warned global rating agency Moody's

Viral Acharya wants Indian banks to learn this lesson from shampoo makers

Acharya highlighted the dichotomy of India's massive economy -- Asia's third-largest -- but one where living standards are still among the lowest in the world

Govt to banks: Don't use NCLT on daily basis to resolve stressed assets

Anurag Thakur, Minister of State for Finance and Corporate Affairs, assured bankers to take decision to lend to the industry without any fear of 'witch-hunting' in future by any investigative agencies

Will establish IOB as bank focused on South India: MD and CEO Karnam Sekar

In a Q&A, the bank's chief also dwells the strategies to trim down the lender's non-performing assets

Economic slowdown, low GDP growth likely to hurt banks' earnings: Analysts

After the balance sheet clean-up in March 2018 and June 2019 quarters, banking sector, mainly corporate lenders, were expected to see sharp improvement in asset quality and credit cost and earnings

Not a single job will be lost due to merger of banks: Nirmala Sitharaman

Nirmala Sitharaman was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.

Bank unions revise demands, to seek pay rise of 20% at IBA talks

The key reason behind UBFA's revised demand from the 15 per cent earlier is that the gap between what bank employees earn when compared to those in the government's equivalent grade has widened

Bond bonanza to help Indian banks battle world's worst bad loan ratio

The windfall treasury profits come as a relief for lenders staring at a potential surge in bad loan provisions due to a slowing economy and a cash squeeze in the nation's shadow banking system