Page 11 - Subrata Panda

Karnataka Bank shares recover after CEO, ED resign; bank reassures clients

In May, the bank's statutory auditors had flagged certain expenditure incurred by the whole-time directors without taking the board into confidence

Banking system may face near-term margin pressures, says RBI report

Lower NIMs, slow credit growth, and high-cost deposits likely to add to its woes

Household debt up, but India still lags emerging-market economies: RBI

India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report

Grace under fire: RBI represents a crisis manager's balancing acts

Since 1991, RBI has played key role in averting crises that posed a threat to India's economy

FM Nirmala Sitharaman nudges public sector banks to push credit growth

After slipping to 12% in FY25, loans growth has fallen below 10%

ICICI Bank raises ₹1,000 cr via Tier-II bonds at 7.45% amid demand

The lender's first Tier-II bond issue in FY26 drew strong investor interest, allowing tight pricing despite rate volatility; bonds have 15-year maturity with 10-year call

India Ratings sees FY26 credit growth at 13-13.5% amid NBFC drag

India Ratings expects credit growth to rise modestly in FY26, led by industrial capex and public bank disbursements, even as retail and NBFC lending cools

Robust balance sheets key to boost monetary policy impact: RBI study

A reduction in policy rates can boost investment more if balance sheets are healthier, especially among small firms, finds RBI staff study in its June bulletin

Major companies to tap debt market to raise over ₹10K cr this week

Amid geopolitical tension and RBI's hawkish outlook, major Indian companies including ICICI Bank and APMDC are issuing bonds to raise over ₹10,000 crore

RBI relaxes PSL norms to help SFBs de-risk, diversify loan portfolio

RBI lowers PSL target to 60% for SFBs, unlocking Rs 40,000 crore for lending to secured segments such as LAP and personal loans and aiding transition to universal banks

GIC Re will keep a provision of around ₹200 cr for Air India tragedy: CMD

Narayanan says GIC Re's exposure is limited; aviation and regional premiums may face upward pressure

Looking at double-digit growth for SME banking in India, says Xie Wen

I see that in India, manufacturing is certainly growing, and services continue to be a very important and big driver of the economy, says Wen

HDB Financial IPO pricing reflects investor feedback, say bankers

The IPO, which opens on June 25 and closes on June 27, has kept a price band of ₹700-740 per share

Yes Bank extends CEO's tenure by 6 months: Move to help SMBC steer strategy

Kumar has led the bank since its reconstruction in March 2020. He was first appointed the bank's administrator and later made the MD & CEO

Happy as NBFC unless there's glide path to becoming a bank: Umesh Revankar

Microfinance can never be a sunshine sector because every 5-6 years it gets into some kind of challenges, says Revankar

ESAF Bank to sell ₹735 cr in NPAs, write-offs amid MFI sector stress

ESAF Small Finance Bank approves sale of ₹735 crore in stressed loans to ARCs, with over 90% provisioned; microfinance delinquencies continue to weigh on sector

Transition woes: SFBs' long bumpy road to becoming universal banks

The RBI requires SFBs to provide a detailed rationale for their desire to convert into a universal bank. Those with a diversified loan portfolio will be preferred

Piramal Finance raises Rs 2.9K cr via bonds backed by mutual funds

Funds raised through three tranches will be used for onward lending, refinancing, debt repayment and short-term investments, says the Piramal Enterprises NBFC arm

Credit growth drops to 8.97% in May, lowest level in three years

Credit growth slows as banks tighten lending amid stress in microfinance and unsecured loans; deposit growth outpaces credit by 100 bps in May 30 fortnight

RBI gives Yes Bank MD & CEO Prashant Kumar 6-month extension: Lender

Kumar got his first extension in October 2022 for a three-year period till Oct 25