Page 35 - Banking

HDFC Bank, Hindustan Unilever squeeze amidst middle class struggles

HDFC Bank and Kotak Mahindra Bank are expected to report increases in bad loans, which should lead to higher provisions and weigh on quarterly profit

Banks seek SC clarity on loans against uncertified ancestral properties

Banks' move comes in response to a recent Supreme Court ruling that mandates financial institutions to only sanction loans against properties if the borrowers present valid certificates

Punjab National Bank, Indian Bank get new chief executive officers

He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022

Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore

Bank reported fresh slippages of Rs 5,432 crore, up 46%

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

Small Finance Banks' bottom-line to take hit on rising fund, credit costs

Manushree Saggar, Sector Head - Financial Sector Ratings, ICRA said the profitability for the SFBs to remain under pressure in H2 FY2025

FinMin to meet bank heads on Wed to review financial inclusion schemes

The meeting, which would see participation from representatives of private sector banks, is scheduled to be chaired by Financial Services Secretary M Nagaraju

Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion

Economists are of the opinion that given the prevailing liquidity conditions, the RBI should prioritise liquidity management over rate cuts

SBI chief C S Setty calls for common mechanism to track SME fund usage

In recent years, fintech and banks have started to dig for credit information from publicly available data and use analytics to create a credit profile

Recovery agents are in demand as banks' unsecured loan stress rises

In July 2024, the total strength of outsourced staff in the BFSI (banking, financial services, and insurance) space was 77,000, out of which 6,000 were recovery agents

Bank officers' union calls for two-day nationwide strike on February 24-25

The trade union representing the supervisory cadre of bank employees said this decision follows its 102nd Executive Committee Meeting held on January 6

Bank officers' union threatens to call on two-day nationwide strike

Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on February 24-25 to press for their various demands, including a 5-day work week and adequate recruitment in all cadres.

Draft DPDP rules: Task cut out for banks as operational challenges loom

Banks engage in cross-selling financial products from their subsidiaries and third parties to their customer base

CS Setty, Uday Kotak nominated as governing council members of NIIFTL

Finance minister Nirmala Sitharaman is the chairperson of the six member council and secretaries of department of economic affairs and financial services are the other members

Banks' profitability likely to moderate in FY26, says India Ratings

Estimates 13.5% loan growth in FY25

FinMin to review flagship schemes with PSB chiefs ahead of Budget

The meeting aims to review the progress of various financial inclusion schemes and discuss future funding requirements in light of the upcoming Budget

Results preview: Banks' net profit growth likely moderated in Q3FY25

Margin pressures, sluggish loan offtake may weigh on performance

Banks' profitability at inflexion point, to moderate in FY26: India Ratings

The rating agency said in a release that banks' rapid improvement in financial metrics seen over financial years 2021 to 2024 is likely to have peaked and will see an "inflexion point" in 2024-25

Flat benchmark yields to weigh on banks' treasury gains in Q3FY25

While a softening of yields was observed on expectations of a rate cut, yields climbed again, tracking the rise in US Treasury yields

RBI releases master direction on reporting of customers credit information

As per the master direction, credit information companies (CICs) will have to send alerts through SMS/ email to customers when their Credit Information Report (CIR) is accessed by the specified users