India needs to spend 8-10 per cent of Gross Domestic Product (GDP) on infrastructure for sustaining high single digit growth rate over next couple of decades
Post-Covid pent-up demand over, lenders to stay careful as personal loan delinquencies on the rise
Tight liquidity, signs of stress weighs on business
Bankers said these sectors stand out from the overall trend
It's also gearing up to secure up to Rs 3,500 crore through non-convertible debentures
IBA mulls special apprenticeship scheme for banking sector
He said SBI has been able to create resilience in the system. While ensuring this, the country's largest lender had to ensure an improved customer experience against the backdrop of legacy systems
Industry lobby group IBA wants govt and RBI to intervene
Eyes private credit for real estate, renewable energy
Slated to become upper layer NBFC with listing plans
Its SME portfolio rose by 19.87 per cent year-on-year (Y-o-Y) to Rs 4.43 trillion at the end of June 2024
Growth in personal loans down sharply
The lender will try to understand the pain points of customers such as staff shortage
Shashank Joshi, MUFG's deputy chief executive officer and head of global corporate and investment banking in India, said the bank has an exposure of about $15 billion in India
May look at another round of Tier II bond issuance as yields soften
Asset portfolio shrinks sequentially; Growth seen moderating by 2-3 percentage points in FY25
Banks, represented by IBA, and UFBU, representing employees and officers, had signed an MoU for wage revision in Dec 2023 and had agreed to continue discussions on residual matters, including pensions
The loan book of the company as of the end of March was Rs 51,402 crore
Writes off NPAs worth Rs 71 crore in MFI biz
One incident involved PNB's Rajajinagar branch, where the Karnataka State Industrial Board had fixed deposits of Rs 25 crore, but PNB released only Rs 13 crore on maturity, citing pending court cases