Page 43 - Banking

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

Public sector bank heads at BS BFSI Summit: The best is still to come

Heads of public sector banks discuss the present and future of the banking sector in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das

RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

BS BFSI Summit: Leading figures from finance world share their insights

While the first day will focus on banking and bankers, the second day will be centered around equity markets and technology in banking. And the third day will see discussion among leading insurers

Finmin starts phase 4 of RRB consolidation, number to fall from 43 to 28

These banks were formed under the RRB Act, 1976, with an objective to provide credit and other facilities to small farmers, agricultural labourers and artisans in rural areas

Rising small-loan defaults may throw risk into India's broader economy

Personal-loan growth is moderating as the central bank last year clamped down on risky lending practices following a post-pandemic surge in credit

Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.3 per cent in March 2024

Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework

Banks bat for collateralised benchmark with a balanced 50-50 weighting between TREPS and CHROMs

Canara Bank aims Rs 6,000 cr recovery in H2 FY25, expect Rs 3,000 cr in Q3

Asked about the initial public offering (IPO) of Canara Robeco Asset Management Company, managing director and CEO Satyanarayana said it may happen in the fourth quarter of this financial year

PSBs, financial institutions monetise Rs 4.5 crore through scrap disposal

The DFS achieved 100 per cent disposal of all identified Public Grievances, Public Appeals, PMO references and MP references, it said

Deposits outpace credit growth after 30 months, hinting at stability

Credit growth coming off its highs has largely contributed to credit-deposit growth aligning

Loan growth moderates in September amid RBI clampdown, shows data

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago

AIBEA deplores govt's order to PSBs on employee performance review

The need of the hour is to stand by the side of the employees and officers to boost their morale and ensure a congenial working atmosphere, AIBEA added

Dhanteras special: RBI brings home 102 tonnes of gold; here's why

According to the RBI's latest report on foreign exchange reserves, as of the end of September, the central bank holds 855 tonnes of gold, with 510.5 tonnes now stored domestically

Microlenders under RBI lens for 'netting off' loans; all you need to know

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

Summit Digitel Infrastructure raises Rs 1,000 cr at a coupon rate of 7.58%

Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue

ICICI Bank Q2FY25 results: Net profit rises 14.5% to Rs 11,746 crore

Gross NPA drops to 1.97% in Q2FY25 from 2.48 per cent in Q2FY24

Banks, NBFCs' credit growth to see steady slowdown in FY25, says ICRA

Regulatory warning, tight funding influence strategy

India Post directed by forum to pay back consumer 50 paise, plus Rs 15,000

According to the complainant, A Manasha, he paid Rs 30 in cash for a registered letter at Pozhichalur post office near here on December 13, 2023, but the receipt showed only Rs 29.50

RBI's lending ban cannot be the answer to India's credit excesses

Excesses spike in post-pandemic inflation and an uneven recovery that bypassed working-class families has aggravated the challenge