Page 31 - Banking
Arcil buys Ujjivan Small Finance Bank's stressed loan folio for Rs 34 cr
ARCIL's bid translates into a recovery of 9% for the lender
 "Arcil buys Ujjivan Small Finance Bank's stressed loan folio for Rs 34 cr")
Banks' Apr-Dec performance robust, impaired loan ratio near trough: Fitch
Fitch said improvements in key performance metrics of Indian banks in the past few years will provide strong support for their Viability Ratings (VRs).
 "Banks' Apr-Dec performance robust, impaired loan ratio near trough: Fitch")
India needs more global-scale banks for 2047 vision: DFS Secy M Nagaraju
Large banks also play a crucial role in the stability & growth of the global economy, with the resources & expertise to absorb shocks & manage risks better, ensuring stability in the financial system
 "India needs more global-scale banks for 2047 vision: DFS Secy M Nagaraju")
BS Manthan: Domestic competitiveness answer to CAD, says Uday Kotak
"India should have a global consumer brand in 5 years"
 "BS Manthan: Domestic competitiveness answer to CAD, says Uday Kotak")
RBI partly dials back strict loan rules for micro credit, non-bank lenders
The reversal of rules follows the central bank's decision to defer proposals to increase the capital that banks set aside for new project loans and liquidity they hold for digital deposits
 "RBI partly dials back strict loan rules for micro credit, non-bank lenders")
Create an ecosystem for banks to offer equity support to startups: CS Setty
Setty said the country's largest lender has been active on the debt support front when it comes to startups, pointing out that it lends directly to such enterprises or through dedicated funds
 "Create an ecosystem for banks to offer equity support to startups: CS Setty")
Govt seeks advisers for minority stake sales in state-run banks, firms
The federal finance ministry is looking dilute minority shareholdings in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank
 "Govt seeks advisers for minority stake sales in state-run banks, firms")
Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer
Anchor bid translates to nearly 90% haircut for lender
 "Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer")
RBI raises UCBs' small-value loans per borrower cap to Rs 3 crore
According to RBI norms, UCBs are required to have at least 50 per cent of their aggregate loans and advances consisting of small value loans by March 31, 2026
 "RBI raises UCBs' small-value loans per borrower cap to Rs 3 crore")
RBI allows Rs 25,000 withdrawal for New India Cooperative Bank depositors
50 per cent of depositors can withdraw their entire money
 "RBI allows Rs 25,000 withdrawal for New India Cooperative Bank depositors")
Green loan expansion can boost loan portfolios of Indian banks: IIM study
The IIM Lucknow study seeks to address this gap by designing a framework to identify non-carbon-intensive sectors and assess their impact on loan portfolio quality
 "Green loan expansion can boost loan portfolios of Indian banks: IIM study")
Banks offering more green loans have better financial stability: IIM study
The study also emphasises that Indian banks can act as catalysts in transforming the economy towards a low-carbon economy
 "Banks offering more green loans have better financial stability: IIM study")
RBI receives bids of Rs 1.87 trillion against Rs 40,000 cr OMO auction
Bond market expects additional OMO auctions as liquidity has been in deficit mode for past nine weeks
 "RBI receives bids of Rs 1.87 trillion against Rs 40,000 cr OMO auction")
Raise deposit insurance cover to Rs 10L: All India Reserve Bank staff body
AIRBEA has cautioned that raising the deposit insurance cover would increase the premium burden on banks, which may not be fair for well-regulated commercial banks with low failure rates
 "Raise deposit insurance cover to Rs 10L: All India Reserve Bank staff body")
FinMin to discuss hiking deposit insurance limit with PSBs on March 4
This is the first review meeting of the finance ministry with PSBs after the Union Budget 2025-26
AU Small Finance Bank aiming to secure a share of wealth management biz
Although a small finance bank licence comes with certain restrictions on the lending side, there are no such restrictions on liabilities side, which is why the bank has ventured into wealth management
 "AU Small Finance Bank aiming to secure a share of wealth management biz")
HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024
HSBC India ranks just behind the UK and Hong Kong in terms of profit, as mainland China and Canada saw elevated profits due to one-time gains and profits from associates
 "HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024")
PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure
Borrowal fraud of Rs 270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd
 "PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure")
Co-operative banks are well regulated now: DEA Secretary Ajay Seth
"Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise."
 "Co-operative banks are well regulated now: DEA Secretary Ajay Seth")
State Bank of India opens 0.63 mn accounts under Har Ghar Lakhpati scheme
Most of these accounts were opened with zero balance. Through continuous engagement with customers, the bank now has the lowest number of zero-balance Jan Dhan accounts, he added