Page 8 - Indian Banks

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

Indian banks to benefit from strong domestic economic growth: Moody's

Ukraine conflict will not derail the country's recovery

Bandhan Bank Q4FY22 income up 43% to Rs 3,504.2 cr; profit at Rs 1,902.3 cr

Net NPAs or bad loans reduced significantly to 1.66 per cent, from 3.51 per cent

Merrill Lynch fund sells ICICI Bank shares worth Rs 34 cr at Rs 714 apiece

Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday sold 4.80 lakh shares of private lender ICICI Bank worth Rs 34 crore through an open market transaction.

RBI asks ASBA designated bank branches to remain open on Sunday for LIC IPO

LIC's IPO will remain open for subscription even on the weekend, given the large amount the government is looking to raise from the market

Central Bank of India to close 600 branches by March 2023, says report

The bank is looking to reduce the number of branches by 600 by either shutting down or merging loss-making branches by the end of March 2023

Apple stops accepting payments using credit cards issued by Indian banks

In April this year, Apple had also allowed users in India to make payments using Apple's ID account using UPI and netbanking

YES Bank Q4: Lender logs Rs 367 cr as net profit, NII rises 84% YoY

Provisions fell significantly to Rs 271 crore in Q4FY22 compared to Rs 5,113 crore in the year-ago period.

Micro details of Indian banks' macro story

So far, the story reads well. We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth

False allegations against officials in Lonavala FIR: Kotak Mahindra Bank

Media reports quoting Lonavala police said an FIR had been registered against seven officials of the bank on the complaint of a Lonavala resident

Policy review pragmatic, indicates RBI's concerns on inflation: Bankers

Industry lobby grouping Indian Bank Association's chairman and state-run Punjab National Bank's chief executive and managing director A K Goel sad the moves indicate RBI's "concern on prices"

Banks, fintech firms need to collaborate to reach the unserved population

There is a clear need for both banks and bankers, say experts

Gamechanger? Private equity is set to play a bigger role in Indian banks

Whichever way you look at it, a PE wave is set to enter banking

The coast is still not clear: Is the worst over for Indian banks?

Banks are better placed now than any time in the past three years, but they are not yet over the hump

The deadweight of banking fraud in India: What's the weak link?

Fraud doubled in value to Rs 1.85 trillion in FY20, which is nearly equal to the recapitalisation amount injected into state-run banks during the year

March out of retail: Why are foreign banks clinging to corporate banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space

Moderate asset quality pressure may re-emerge for banks: Fitch

Moderate pressures on asset quality of Indian banks may re-emerge as forbearance starts to unwind from 2023, Fitch Ratings said on Friday

Ukraine crisis: UCO, SBI meet RBI today on payments to Russian firms

The meeting between the banks and RBI comes amid reports that the government is exploring the option of reactivating the rupee-ruble trade between the two countries

State Bank of India's exposure to Russia, Ukraine less than $10 mn

Banks will get 10 days to complete the processing of payments to avoid near-term problems for businesses

Ukraine crisis: Payments stopped, Russian firms pressure Indian banks

Banks await RBI, govt's advisory on transactions with Russian companies