Page 49 - Abhijit Lele

Abhijit Chakravorty to be new MD & CEO of SBI Cards and Payment Services

Chakravorty, a post graduate in Applied Chemistry, started his banking career as a Probationary Officer with SBI in 1988

Power Finance Corp raises up to Rs 6,100 cr via 20-month, 10-year bonds

Pricing at higher-yield level due to hardening of G-secs

SBI seeks to raise Rs 10,000 cr in tier-I bonds, wary about spike in yields

Offering slated for coming week; bank to decide on actual issuance based on yield level in the market, which hardened in the last two weeks

Non-performing advances of public sector banks at multi-year lows

The closing stock of write-off pool stood at Rs 7.5 trillion at the end of March 2023, up from Rs 6.8 trillion a year ago

RBI governor Shaktikanta Das asks states to improve expenditure quality

At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added

Net profit of listed commercial banks seen growing 44% in Q1 FY24

Healthy growth in NII, controlled credit costs to support bottom line: Analysts

Securitisation volumes surge 60% YoY at Rs 53,000 crore in first quarter

Securitisation involves pooling of loans and selling them to a special purpose entity, so that a lender gets liquidity upfront on the assets it has originated

Yes Bank's loan book grows 7.5% to Rs 2 trn in quarter ending June

It deposits grew 13.5 per cent YoY to Rs 2.19 trillion at end of June 2023

RBI asks card issuers to explore more networks, increase customer choices

It was observed that arrangements between card networks and card issuers (banks and non-banks) were not conducive to the availability of choice for customers, the RBI added

Poonawalla Fincorp's AUM grows 41% YoY in Q1FY24 to at Rs 17,770 crore

Sequentially, the AUM grew by 10% over the March 2023 quarter

HDFC Bank-HDFC's combined loan book up 13.1%; deposits up 16.2% in Q1

Sequentially, merged entity's advances rose by 0.7% to Rs 22.30 trillion as of March 31

Commercial banks post steady YoY growth in credit in first quarter of FY24

Kolkata-based Bandhan Bank expanded loan and advances by 6.7 per cent YoY to Rs 1.03 trillion

Bank of Baroda's new chief looks to reduce cost-to-income ratio to 40%

The lower the C/I ratio, the higher the efficiency and profitability of a bank

India firms' deleveraging to slow down; little room for rating upgrade: S&P

Rated companies in good credit shape due to growth and accommodative balance sheets, says agency

IIHL to raise $1.5 bn to fund RCap buy, increase holding in IndusInd Bank

Referring to Reliance Capital's acquisition, IIHL said the administrator of the company had issued the duly signed letter of intent

Banks post robust credit growth in Q1; deposit mobilisation improves

Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs.1.75 trillion. This pace was much higher than the banking system's 15.4 per cent growth till June 16, 2023, according to RBI

Federal Bank Q1 advances up 21%; deposits grow 21.4% to reach Rs 2.22 trn

Retail credit book grows by 20.2% YoY, says private bank in stock exchange statement

Pace of lending to infrastructure sector tumbles sharply to 1.8% in May

The share of power sector loans is around half of the bank's infrastructure loan portfolio of Rs 12.22 trillion as of May 2023

SBI starts 34 transaction banking solutions hubs, 21 district centres

SBI raised Rs 1,000 cr in current account deposits at centres under revamped systems

HDFC posts 9% year-on-year growth in managed assets till June-end

The loans outstanding that qualify as priority sector loans under banking norms stood at about Rs 1.1 trillion, HDFC said in filing with BSE