Page 12 - Banking

RBI Deputy Governor Murmu calls for professional boards at co-op banks

Deputy Governor Shirish Chandra Murmu calls for robust internal controls, greater technology adoption and timely resolution of weak urban cooperative banks

Strong FCNR(B) flows drive excess liquidity to 4-year high of ₹6.65 trn

Muted response to fresh ₹10 trn VRRR auctions; rupee appreciates to two-month high

Banks' microfinance share falls as NBFC-MFIs drive sector recovery: MFIN

Banks' microfinance portfolio fell 28.5 per cent year-on-year as loan reclassification weighed on reported numbers, while NBFC-MFIs expanded their portfolio

Private banks' deposit growth outpaces PSBs' by nearly 350 bps at June-end

Private banks' deposits grew 13.8% in June, outpacing PSBs at 10.3%, while bank credit surged 16.5%, widening the gap with deposit growth

Industry credit growth accelerates to 20% in July; gold loans moderate

Industrial credit growth accelerated from 6.5 per cent a year earlier, while loans against gold jewellery grew 88.1 per cent, down from 136.4 per cent

Private bank CEO exits put board-management relationship under lens

Differences between boards and management over priorities and strategy are prompting some private bank CEOs to opt out, raising concerns over leadership continuity

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

Sashidhar Jagdishan's six-year tenure at HDFC Bank was marked by regulatory setbacks, the HDFC merger, governance controversies and scrutiny of its Dubai operations

Indian Bank to add 100 branches, increase headcount by 2,500 in FY27

To manage growing business and replace retiring employees, the bank would increase its headcount by about 2,500 personnel, including specialist officers

Recovery for lenders from personal guarantors picks up: IBBI data

However, the dues recouped still remain minimal

NBFC body urges RBI to ease proposed curbs on revolving credit products

The industry body said forcing borrowers to take a full-term loan in advance could result in higher interest costs

July per-credit card spending slips 2.4% Y-o-Y, issuances outpace transaction

Average spending per card continues to face downward pressure as the pace of card issuance outpaces aggregate transaction volume growth

Ind-Ra raises FY27 credit growth forecast to 15%, flags margin pressure

Deposit growth is projected at 13.6 per cent, aided by FCNR(B) inflows, while higher credit costs and compressed spreads are expected to weigh on bank profitability

Bank of Baroda's debt raise tops $1 bn under RBI's concessional swap window

Earlier in the month, BoB ​had raised $400 million through three-year bonds at a 5.1140% ‌coupon and $300 million through five-year notes at a 5.3180% ​coupon

Smaller PSBs may partner larger peers to expand their credit card business

Proposals discussed at the PSB Confluence include co-branded cards, data-led customer acquisition, business cards for MSMEs and financial literacy before activation

Home loan portfolio to cross ₹10 trn milestone this quarter: SBI chairman

The country's largest lender had surpassed ₹9 trillion home loan portfolio during the last financial year

EAC-PM calls for bank consolidation without compromising market competition

India should make efforts to consolidate banks in such a manner that a few big banks of equal size would be created, without compromising market competition in the industry, the EAC-PM said

Banks vie for deposits to keep up with credit growth: EAC-PM paper

The credit-deposit growth gap widened to 5 per cent in July, prompting banks to rely more on certificates of deposit, money markets and domestic and overseas bonds

DFS urges RRBs to sustain performance, strengthen credit flow to last-mile

Department of Financial Services DFS Secretary Sanjay Lohiya on Tuesday urged Regional Rural Banks (RRBs) to sustain good financial performance and further strengthen credit flow to the last mile.

PSBs turn 'Banking for Youth' into an entry-level hiring pipeline

State-owned banks plan to use the MY Bharat portal to offer internships and training to young people and build a pipeline for recruitment into entry-level banking jobs

SBI flags 'chalk and cheese' divide in RBI's monetary policy signals

SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates