Page 46 - Banking

Deposit mobilisation: Banks seek level playing field vis-a-vis mutual funds

Industry lobby group IBA wants govt and RBI to intervene

Karnataka govt retracts order against SBI, PNB after Rs 22.67 cr repayment

In August, the Karnataka government issued a directive to all departments, boards, corporations, universities, local authorities, and PSUs to discontinue ties with the two banks

High loan-deposit ratio not a concern, deposit growth not weak: Report

The research note has also contradicted the recent narrative that deposit growth in the banking system has been sluggish

Credit-deposit ratios of banks spark debate: Is there a cause for worry?

Though increased lending generally leads to more deposits through the credit multiplier effect, reduced liquidity has led to shrinking deposit pools

Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits

Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch

SBI aims for cashflow-based lending to SMEs, says chairman C S Setty

Its SME portfolio rose by 19.87 per cent year-on-year (Y-o-Y) to Rs 4.43 trillion at the end of June 2024

New MSME credit assessment model for PSBs may see March 2025 launch

Credit model goes beyond credit scores, evaluates supply chains, digital footprints

RCap lenders accuse IIHL of using delaying tactics, firm denies allegations

Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as a successful bidder for acquisition of Reliance Capital

Stable currency fosters internationalisation, says Zarin Daruwala

The rupee was the third most stable Asian currency against the US dollar in the financial year 2023-2024 after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by RBI

Banks will lose out if they don't partner fintechs: Axis Bank CEO

He highlighted that as customers transact more digitally, the banks' operating costs will come down

IBA likely to seek easing of proposed norms for retail deposits: Report

The RBI had sought feedback on the proposal until Aug 31, after which it would finalise them for implementation from April 2025

RBI imposes penalty of Rs 2.68 cr on UCO Bank violation of provisions

The RBI has also imposed a penalty of Rs 2.1 lakh on Cent Bank Home Finance Ltd for non-compliance

SBI working on new version of digital banking platform: Dinesh Khara

He also said that a banker should always keep risks in mind, even though people tend to ignore the risk but that shouldn't happen

SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana

Fraud uncovered after numerous complaints on the National Cybercrime Reporting Portal

Regional Rural Banks evince interest in going public at meet with FM

"Through the IPO, we aim to enhance our credibility as a prestigious organization to be part of and worth investing in," said a senior executive of an RRB

Market correction may drive deposit growth for banks: SBI MD Tewari

Tewari said that the deposit and credit gap is expected to correct next year as per the SBI's research

MUFG Bank expects over 25% growth in India biz; to focus on large cos

Shashank Joshi, MUFG's deputy chief executive officer and head of global corporate and investment banking in India, said the bank has an exposure of about $15 billion in India

SBI to focus on neglected, small-ticket deposits to boost liquidity: MD

The lender will focus on accounts under a government scheme called 'Jan Dhan', or people's wealth, that provides access to various financial services to low income groups, Tewari said

Challa Sreenivasulu Setty takes over as SBI Chairman, succeeds Dinesh Khara

Prior to becoming chairman, Setty was the senior-most managing director of the bank, and as per the convention, the chairman is appointed from a pool of serving managing directors of SBI

Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman

The average balance per account has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Roughly 80 per cent of these accounts are currently active