Page 5 - Private Banks

Small business suffer as banks shut current accounts after RBI circular

State-owned lenders welcome 'need for discipline' but their private competitors say business is suffering

Q1 results: Private banks' net profit up 33.6%, provisions fall 11.5%

Out of the 14 private lenders that have declared results, only one bank booked a net loss in Q1 of FY22 on account of provisions for Covid

Private lenders seen trouncing state peers in India's economic recovery

Many shareholders will be on the lookout for indications that private lenders have enhanced already stronger buffers to give them more wiggle room to step up lending in an eventual recovery

Private banks' loan books shrink in Q1 amid second wave of Covid-19

IndusInd, YES, Federal, and CSB post 1-3.5% sequential decline; HDFC Bank bucks the trend with 1.3% growth

Scandal-hit Credit Suisse considers creating single private bank: Report

Credit Suisse is considering centralising the management of its bankers to the world's wealthy, replacing a regional structure, three sources said

ICICI Bank raises Rs 2,827 crore by issuing bonds on pvt placement basis

Private sector lender ICICI Bank has raised more than Rs 2,827 crore by issuing bonds on private placement basis.The bonds carry a coupon rate of 6.45 per cent per annum payable annually and were issued at par. There are no special rights or privileges attached to them.The allotment date is June 15 and redemption date is June 15, 2028. The bonds will be listed in relevant segment of the National Stock Exchange (NSE) of India.On April 24, the bank's board of directors had approved the fund-raising through the issuance of debt securities."Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis," said the lender in regulatory filings at stock exchanges.The bonds are rated 'CARE AAA stable' and 'ICRA AAA stable.'Indian banks have been raising capital to insulate themselves from a surge of bad loans as the novel coronavirus pandemic continues to batter the ...

Ensure continuity in provision of financial services: RBI guv to pvt banks

RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses

DCB Bank net profit rises 13% to Rs 78 crore in January-March quarter

The bank's asset quality worsened with the gross NPAs spiking to 4.09% of the gross advances as of March 31, 2021

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

Private lender DCB purchases 9% stake in NBFC Techfino Capital

DCB Bank said it has acquired 9 per cent stake in non-banking financial company Techfino Capital which is engaged in providing technology-based education and healthcare loans.

Private Banks Q4 preview: Rise in bond yields may dent income; NPA nos eyed

Analysts believe that the truer impact of Covid-19 as regards NPAs could be visible in the quarter even as banks may be tempted to remain prudent due to the second wave of coronavirus

The forgotten case for bank nationalisation

In the recent clamour for their re-privatisation, we seem to have forgotten the rationale for bank nationalisation and the crucial role public sector banks continue to play in war against poverty

Leading private banks to cancel auto-debit payments from April 1

RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in fines

We will make haste, but slowly: SBFC Finance founder & CEO Aseem Dhru

Backed by the Singapore-based Clermont Group and Arpwood Partners, SBFC Finance wants to redefine the play in lending to micro-enterprises

Banks brace for fresh round of war against NPAs

As it prepares to bring to a close the most difficult year in history, the banking industry is gearing up to tackle a fresh bout of bad loans

Private banks need to win govt's trust before vying for business

Post 2020's YES Bank crisis, chunk of government business moved from private to public banks for ease of operation

'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'

Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012

Top headlines: Bad bank's Swiss challenge method, pvt banks to get govt biz

India will start the next stage of vaccinating those above 60 years of age and those above 45 with comorbidities, such as diabetes and heart ailments, from March 1

Bank stocks rise as embargo lifted on grant of govt business to pvt banks

An embargo on private sector banks to carry out govt-related transactions, including taxes and pension payments, has been lifted

Unsecured loans come back to haunt private banks after 13-year gap

ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3