Page 45 - Banking

Public sector banks' dividend rises 33% to Rs 27,830 crore in FY24

PSBs declared a dividend of Rs 27,830 crore to shareholders in 2023-24 as against Rs 20,964 crore in the previous fiscal

Credit-deposit growth gap widens amid tight liquidity, shows RBI data

While credit expanded by Rs 1.38 trillion in the March 7 fortnight over the previous fortnight, deposits expanded by Rs 2.25 trillion

IndusInd Bank refutes media report on CEO and deputy stepping down

IndusInd Bank strongly denied the claims, however, stating they are "factually incorrect"

Bank unions defer 2-day nationwide strike after govt, IBA assurance

The decision to defer strike was taken before the Chief Labour Commissioner who had called all parties for a conciliation meeting here

Bank employee strike scheduled for March 24-25 postponed by 1-2 months

The joint secretary of the DFS spoke on video call and informed about the positive discussion the Finance Minister and the DFS secretary had on the issue of five-day banking

RBI likely to cancel next week's T-bill auction given large cash balance

Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks

CD rates top 8% for smaller banks amid banking system liquidity tightness

Indusind raises nearly Rs 15,000 via CDs this week with PSBs take a major chunk

Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh

The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh

RRBs get five more years to amortise additional pension liabilities

RRBs were earlier permitted to amortise their liability on account of the Employee Pension Scheme 2018 over five years

Public sector banks must plan timely capital raise, says M Nagaraju

Each bank has its own unique set of challenges, manpower, systems, capabilities, and infrastructure

Avoid calling customers repeatedly to submit KYC docs: RBI Governor

Malhotra rued that most banks and NBFCs have not enabled their branches or offices to access information from the central database due to which customers have to face the avoidable inconvenience

Banks transfer McLeod Russel loan accounts to NARCL for debt resolution

ICICI Bank and seven lenders assign McLeod Russel's Rs 1,104.69 crore debt to NARCL, raising hopes for restructuring. IndusInd Bank stays out, while JC Flowers ARC holds a 24.39% stake

BFSI GCCs reach new heights in India with neo and mid-sized banks

Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC

IndusInd Bank case a rare instance when RBI cited its 'LOLR' role

Central bank can rescue a bank that is solvent but has temporary liquidity woes

IndusInd Bank 'stable': RBI assures depositors, dismisses mkt speculation

The Reserve Bank of India issued a statement, assuring the depositors that the bank is well-capitalised and financially stable, and that there is no reason to react to speculative reports

Bank unions to hold nationwide strike on March 24, 25 after talks fail

In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek

GenAI may boost banking operations' productivity by 46% by 2030: EY

These investments are already delivering measurable results: 63 per cent have seen improved customer satisfaction levels, while 58 per cent of firms report cost reductions, the study said

Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's

Funding tightness to abate as loan-to-deposit ratio stabilizes

Amid IndusInd fallout, RBI examines derivatives exposures of some banks

On Monday, private lender IndusInd Bank flagged a 2.35 per cent hit to its net worth due to an underestimation of hedging costs related to forex transactions

Axis Bank eyes up to Rs 4,000 crore from stake sale in Axis Finance

Sale proceeds for capital infusion in arm; sale likely in 3-6 months