Page 35 - Banking

RBI imposes curbs on New India Co-operative Bank on supervisory concerns

The bank's advances reduced to 11.75 billion rupees as of March 31, 2024, from 13.30 billion rupees a year earlier. Its deposits rose to 24.36 billion rupees from 24.06 billion rupees

Banks' margins to take 10 bps hit in FY26 due to rate cuts: Fitch Ratings

Last week, the RBI started its rate-cutting cycle by lowering its key policy rate by 25 bps to 6.25 per cent and said it would be watchful and proactive with liquidity measures

ICICI Bank to retain majority stake in ICICI Prudential Mutual fund

ICICI Bank holds 51 per cent stake in ICICI Prudential Asset Management Company while remaining 49 per cent is with its joint venture partner UK-based Prudential PLC

SBI sees sector's personal loan woes easing on tighter credit rules

Private banks and non-bank lenders have grown their personal loan books aggressively but reported an increase in bad loans in the six months through December

EMIs set to fall: PNB, Bank of Baroda, RBL Bank cut retail loan rates

The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday

Due diligence of IDBI Bank's qualified bidders underway: MoS Finance

In January 2023, the Department of Investment and Public Asset Management (DIPAM) received multiple Expressions of Interest (EoI) for buying stake in IDBI Bank

Banks' net interest margins likely to decline further after RBI rate cut

Extent of NIM compression will depend on further rate cuts

Banks will wait for next qtr to see if deposit rates can be cut: C S Setty

He said the asset liability committee of the bank will meet this week and the external benchmark linked loans would be reduced from this month itself

Slowing growth of unsecured loans satisfactory: RBI Governor Malhotra

The RBI also noted that bank funding to non-banking finance companies (NBFCs) has declined following the increase in risk weight on bank loans to shadow banks

RBI ends rate cut wait; Sanjay Malhotra stresses 'less restrictive' policy

First repo cut in 5 yrs, of 25 bps to 6.25%, set to ease home loan rates; MPC keeps 'neutral' stance

Rate cut alone insufficient to boost lending amid tight liquidity: Bankers

Indian banks' loan growth has moderated for six straight months through December as the liquidity constraints forced lenders to focus on boosting deposits, instead of issuing credit

Bank employees to go on strike March 24 and 25; start protests today

Demands include fresh recruitment at all levels and a five-day work week, says umbrella group of unions

PSBs strongly capitalised and ready to fuel economic growth: FinMin

PSBs have significantly improved asset quality, with a low net non-performing asset (NPA) ratio of 0.59 per cent, and an aggregate net NPA outstanding of Rs 61,252 crore

Q3 results review: Low core income, slippages hit banks' profitability

The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially

IDBI Bank could increase rates on non-callable deposits post LCR norms

According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor

Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore

Bank has imitated legal action against the GST demand

Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25

In November 2023, the Reserve Bank of India (RBI) increased risk weight for unsecured loans by 25 percentage points to 125 per cent

Ujjivan SFB applies for a universal banking licence to expand offerings

Ujjivan SFB is the second lender after AU SFB to seek a voluntary transition into a universal bank

Notification on One State, One RRB likely next week, says M Nagaraju

Corporate bonds face challenges in attracting subscriptions, especially if they have lower credit ratings, said DFS secy

Credit growth moderates in personal loan segment in Dec: RBI data

According to the data, bank credit to agriculture and allied activities registered a growth of 12.5 per cent (y-o-y) as on the fortnight ended December 27, 2024