Page 4 - Private Banks

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale

The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender.

Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter

Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.

Private banks seeing jump in number of online frauds: RBI report

Commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year.

RBL Bank tanks 20% as Vishwavir Ahuja goes on leave; analysts sound caution

RBL Bank on Saturday said its Managing Director and Chief Executive Officer Vishwavir Ahuja has proceeded on leave with immediate effect

Barclays to expand private banking in Singapore from its base in India

Barclays to expand private banking in Singapore from its base in India

Scheduled payment banks, SFBs to do government agency business: RBI

Bank executives said this is step to broad-base set up and enhance quality of service for government business

Very encouraging that RBI accepted 21 recommendations out of 33: IWG member

RBI internal group member hopes that banking licence for corporates would come in future

RBI panel for higher cap on promoter stake in pvt banks at 26% after 15 yrs

According to the RBI's current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years

A brave new world of banking

The idea that a bank's lending function must be separate from its monetary function is gaining traction in the US

BS BFSI INSIGHT SUMMIT | We need banks. Do we need bankers?

Indian banking sector to witness new round of consolidation: Acuite Ratings

The rating agency said this consolidation is eminent because many small sized private banks continue to face chronic asset quality problems which constrain their capital availability

Banks extend Rs 11,168 cr loans in outreach programme during festive season

Public sector and private banks have sanctioned over 193,000 loans via 924 camps in 405 districts from October 16-20, FM Nirmala Sitharaman says in Tweet

Private bank stocks may be headed higher on hopes of buoyant Q2 and Q3

Street is hoping the two quarters will see a pick-up in consumption and better economic activity

Axis Bank commits Rs 30,000 cr till FY26 towards sustainable lending

The country's third largest private sector lender Axis Bank has committed Rs 30,000 crore lending till fiscal year 2025-26 under its sustainable financing framework, a senior official said.

Profit booking sees market cooling off after hitting record highs

Sensex drops 865 pts from day's high; Private banks gain

RBI issues direction on compensation of private banks' top officials

RBI said fair value of the share-linked incentives paid to officials by the private banks should be recognised as an expense during the relevant accounting period

Good show by private banks, better by PSBs

Whether it is net profit, fee income or bad loans, public sector banks have put up a better show in the June quarter than their private peers

AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO

Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call

Q1 results: State-owned lenders' net profit jumps 140% as provisions dip

The asset quality of state-owned banks remained stable with a fall in gross non-performing assets on y-o-y basis and sequentially

From ICICI to Axis Bank, private banks turn laggards at bourses

The Nifty Private Bank index is up just 6 per cent year-to-date in the calendar year 2021, against nearly 13 per cent rally in the Bank Nifty and a 15 per cent rise in the benchmark Nifty50