Page 41 - Banking
US tariff impact: MSME NPA classification period likely to be doubled
"The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon," the official said
 "US tariff impact: MSME NPA classification period likely to be doubled")
Centre asks banks to extend long-term loans for electric mobility
The government is set to have a laser sharp focus on e-trucks in India's EV transition journey, which - according to Niti Aayog's findings in a recent report - have virtually not taken off
 "Centre asks banks to extend long-term loans for electric mobility")
SBI to Canara Bank: Some PSBs raise home loan rates to shield margins
Senior State Bank of India executive said the slight tweak (hike) in rates for home loans was on account of reduction in business discount. Risk premium remains the same
 "SBI to Canara Bank: Some PSBs raise home loan rates to shield margins")
FinMin to meet CEOs of PSBs on August 20 to review Q1 performance
The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources
 "FinMin to meet CEOs of PSBs on August 20 to review Q1 performance")
The Karnataka Bank saga: A clash of egos and cultures in old private banks
Karnataka Bank was founded by a group of agriculturists, lawyers and businessmen, led by BR Vysaray Achar, to promote economic development in the South Canara region. It has no identified promoter
 "The Karnataka Bank saga: A clash of egos and cultures in old private banks")
Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity
RBI accepts Rs 1.82 trillion at 8-day VRRR auction as banks roll over maturing funds from earlier operations amid surplus system liquidity
 "Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity")
SBI to raise ₹15,000 cr via Tier II bonds to replace maturing debt
A senior SBI executive said the bank has approval from the board of directors to raise up to Rs 20,000 crore through debt capital in Fy26.
 "SBI to raise ₹15,000 cr via Tier II bonds to replace maturing debt")
Indian Bank sanctions ₹1,400 cr loans to MSME units at outreach camp
Sanction letters were given to 200 MSME and retail customers during the camp held recently, as per a statement
 "Indian Bank sanctions ₹1,400 cr loans to MSME units at outreach camp")
ICICI Bank revises minimum account balance to ₹15,000 from ₹50,000
The revised MAB for new accounts now stands at Rs 15,000 for metro and urban areas, Rs 7,500 for semi-urban, and Rs 2,500 for rural branches, effective August 1
 "ICICI Bank revises minimum account balance to ₹15,000 from ₹50,000")
Sebi rejects Anil Ambani's settlement plea over Yes Bank investments
According to the documents reviewed by Reuters, the investment was made in exchange for loans from Yes Bank to other group companies
 "Sebi rejects Anil Ambani's settlement plea over Yes Bank investments")
Karnataka Bank Q1 profit falls 27% on higher provisions, capital up
Karnataka Bank Q1 profit fell 27% to Rs 292.40 crore on higher provisions, but asset quality improved and capital adequacy rose to 20.46%
 "Karnataka Bank Q1 profit falls 27% on higher provisions, capital up")
Banks free to decide on minimum balance for savings accounts: RBI Guv
In a recent decision, private lender ICICI Bank increased the minimum balance requirement for those opening new savings accounts from August 1
 "Banks free to decide on minimum balance for savings accounts: RBI Guv")
Focused on maintaining low-cost funding profile, says ICICI chairman
ICICI Bank will continue to prioritise a stable, granular, and low-cost funding profile alongside governance, digital growth, and customer-centric strategies for sustainable progress
 "Focused on maintaining low-cost funding profile, says ICICI chairman")
ED files supplementary prosecution complaint in Amtek Auto bank fraud case
ED files supplementary complaint naming 56 accused in Amtek Auto fraud involving loan diversion, stock manipulation, and asset concealment, with Rs 6,261 crore attached
 "ED files supplementary prosecution complaint in Amtek Auto bank fraud case")
Civil society protests ICICI Bank's savings account minimum balance hike
The bank has raised the minimum balance requirement for new savings accounts opened on or after August 1 by five times to Rs 50,000
ICICI Bank faces netizen ire for raising min balance requirement to ₹50,000
ICICI Bank's decision to raise the minimum monthly average balance (MAB) for new savings accounts to ₹50,000 in metro and urban areas has drawn significant backlash on social media, with users citing
RBI proposes standardised forms for claim settlement of deceased customers
For the settlement of such claims, a bank, based on its risk management systems, should fix a threshold limit, subject to a minimum of ₹15 lakh
 "RBI proposes standardised forms for claim settlement of deceased customers")
ICICI Bank hikes minimum account balance for urban areas to ₹50,000
The minimum balance for semi-urban regions has been increased to ₹25,000 and for rural branches has been increased to ₹10,000 from ₹5,000
 "ICICI Bank hikes minimum account balance for urban areas to ₹50,000")
SBI Q1 results: Net profit rises 12.5% to ₹19,160 crore on treasury gains
SBI Q1 net rises to ₹19,160 crore aided by treasury gains; net interest margins may improve by March 2026 even as NII and CASA ratio face near-term pressure
 "SBI Q1 results: Net profit rises 12.5% to ₹19,160 crore on treasury gains")
RBI's 100-bp repo cut in repo rate leads to 71 bps cut in fresh rupee loans
Banks have started passing on the 100-basis point repo rate cut by the Reserve Bank of India over the past three policy meetings
 "RBI's 100-bp repo cut in repo rate leads to 71 bps cut in fresh rupee loans")