Page 46 - Banking
IndusInd Bank shares drop 4% as RBI okays short-term CEO extension
This is the second consecutive time that the banking regulator has approved a shorter tenor, despite the board requesting a full three-year term
 "IndusInd Bank shares drop 4% as RBI okays short-term CEO extension")
RBI may have concerns about my leadership, says IndusInd MD & CEO
Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth
 "RBI may have concerns about my leadership, says IndusInd MD & CEO")
Indian banks must continue to innovate, boost efficiency: Finance Minister
The finance minister virtually inaugurated 70 branches across India, 501 women customer service points, coinciding with the International Women's Day
 "Indian banks must continue to innovate, boost efficiency: Finance Minister")
RBI grants only one-year extension to IndusInd Bank CEO Sumant Kathpalia
IndusInd Bank's board had sought a three-year reappointment from RBI
 "RBI grants only one-year extension to IndusInd Bank CEO Sumant Kathpalia")
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
 "Banks cut high-cost deposits, low-yielding loans to protect margins")
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
 "Bank of India adds 111 new branches to expand urban, semi-urban reach")
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
 "UFBU seeks adequate hiring in PSBs, regularisation of temporary staff")
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
 "Arcil buys Ujjivan Small Finance Bank's stressed loan folio for Rs 34 cr")
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).
 "Banks' Apr-Dec performance robust, impaired loan ratio near trough: Fitch")
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
 "India needs more global-scale banks for 2047 vision: DFS Secy M Nagaraju")
BS Manthan: Domestic competitiveness answer to CAD, says Uday Kotak
"India should have a global consumer brand in 5 years"
 "BS Manthan: Domestic competitiveness answer to CAD, says Uday Kotak")
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
 "RBI partly dials back strict loan rules for micro credit, non-bank lenders")
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
 "Create an ecosystem for banks to offer equity support to startups: CS Setty")
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
 "Govt seeks advisers for minority stake sales in state-run banks, firms")
Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer
Anchor bid translates to nearly 90% haircut for lender
 "Ujjivan Small Finance Bank calls for counterbids on Arcil's anchor offer")
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 raises UCBs' small-value loans per borrower cap to Rs 3 crore")
RBI allows Rs 25,000 withdrawal for New India Cooperative Bank depositors
50 per cent of depositors can withdraw their entire money
 "RBI allows Rs 25,000 withdrawal for New India Cooperative Bank depositors")
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