Page 36 - Banking

Banks loan growth drops for 6th month in Dec as tighter lending curbs weigh

The data showed that banks' credit increased by 12.4 per cent year-on-year last month, slower than the 15.6 per cent rise in December 2023

Net card spending rises 60% as credit card additions rise to 4-mth high

The per credit card spending rose by 3.20 per cent Year-on-Year (YoY) from Rs 16,865.26 in December 2023 and 8.22 per cent YoY from Rs 15,584.21 in December 2022

Customer protection, value-added services to drive biz growth: C S Setty

"Annually, 12 million people prefer opening their savings accounts with us. That is not possible if your customer service is poor"

Bank of Baroda Q3: Net profit rises 5.6% on non-interest income support

Reports muted NII growth; Guides for NIM of 3.0-3.10%

Private banks stumble on agriculture, microfinance slippages in Q3

Credit cost for most of the lenders increased due to higher provisions, mainly for unsecured retail loans

Bank unions' Budget wishlist: Scrap tax on profits of cooperative banks

Asks for refinancing Rs 2 trn for non-recovery of farm loans

Indian Bank announces Q3 FY25 results: Net profit rises 32% to Rs 2,910 cr

Asset quality and 'efficiency parameters' help business growth, says Chennai-based lender

Bank of India targets 35% share in MCLR-linked credit in next 2-3 years

Prudent growth forecast for FY26: 12-13%

21% of Pradhan Mantri Jan Dhan Yojana accounts turned inoperative by Dec

Number of such accounts stands at 110 million

Banks must adapt to technology quickly, ensure resilience: DFS Secy

Emphasising AI/ML's role, he highlighted how it enhances banking efficiency and customer service

Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar

He further stated that as technology, especially artificial intelligence (AI), rapidly advances, the banking sector must adapt

RBI fines J&K Bank, BoI, Canara Bank for gaps in regulatory compliance

The Reserve Bank on Friday said it has penalised Jammu and Kashmir Bank, Bank of India, and Canara Bank for deficiencies in regulatory compliance.

CBDC could be used for collection of micro-loans, says RBI official

India is among 36 countries where the CBDC is currently in the pilot stage

Bank of India Q3 profit rises 35% to Rs 2,517 cr, bad loans decline

The Mumbai-headquartered bank had earned a net profit of Rs 1,870 crore in the year-ago period.

AU Small Finance Bank Q3FY25 results: Profit surges 41% to 528 crore

AU Small Finance Bank Ltd on Friday reported a 41 per cent jump in net profit to Rs 528 crore for the third quarter ended December 2024 as interest income improved.

RBI directs banks to assess impact of new LCR norms on liquidity, lending

The RBI has asked banks to assess the impact of stricter liquidity coverage ratio norms, aimed at system stability but raising concerns over reduced lending capacity

Investors grow selective with weaker Indian shadow banks after debt binge

For investors, buying into India's debt presents a chance to tap into one of the world's fastest-growing economies, earn higher yields, and diversify away from China

Banks NPAs may dip to 2.4% by March despite stress in retail loans: Fitch

Robust growth, recoveries & write-offs to offset rise in slippages

Restrictions on bancassurance may not be a great step: HDFC Life's Padalkar

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches

Budget 2025-26: Banks expect steps for deposit mobilisation, tax breaks

Tax incentives will help sector as loan growth slows down, say experts