Page 37 - Banking

Banks cut high-cost deposits, low-yielding loans to protect margins

Bankers said that, given the pressure on interest margins, many lenders have reduced dependence on high-cost bulk deposits and scaled down exposure to low-yielding credit to NBFCs

IndusInd Bank CEO gets 1-year extension, short of board's recommendation

The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said

Small-cap banks take the lead in average spend per credit card transaction

Credit-card spending for January stood at Rs 1,841 billion, marking a two per cent slide month-on-month (MoM), but a strong 14 per cent year-on-year growth

Bank of India adds 111 new branches to expand urban, semi-urban reach

As of December 2024, BoI had 5,202 branches in the country, with 993 in metros, 838 in urban centres, 1,501 in semi-urban centres, and 1,868 in rural areas

UFBU seeks adequate hiring in PSBs, regularisation of temporary staff

Over the years, the workforce in PSBs has dwindled significantly, creating an unsustainable work environment and compromising the efficiency and reach of these institutions

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

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).

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

BS Manthan: Domestic competitiveness answer to CAD, says Uday Kotak

"India should have a global consumer brand in 5 years"

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

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

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

Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer

Anchor bid translates to nearly 90% haircut for lender

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 allows Rs 25,000 withdrawal for New India Cooperative Bank depositors

50 per cent of depositors can withdraw their entire money

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

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

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

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

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