Page 47 - Banking

Banks offering more green loans have better financial stability: IIM study

The study also emphasises that Indian banks can act as catalysts in transforming the economy towards a low-carbon economy

RBI receives bids of Rs 1.87 trillion against Rs 40,000 cr OMO auction

Bond market expects additional OMO auctions as liquidity has been in deficit mode for past nine weeks

Raise deposit insurance cover to Rs 10L: All India Reserve Bank staff body

AIRBEA has cautioned that raising the deposit insurance cover would increase the premium burden on banks, which may not be fair for well-regulated commercial banks with low failure rates

FinMin to discuss hiking deposit insurance limit with PSBs on March 4

This is the first review meeting of the finance ministry with PSBs after the Union Budget 2025-26

AU Small Finance Bank aiming to secure a share of wealth management biz

Although a small finance bank licence comes with certain restrictions on the lending side, there are no such restrictions on liabilities side, which is why the bank has ventured into wealth management

HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024

HSBC India ranks just behind the UK and Hong Kong in terms of profit, as mainland China and Canada saw elevated profits due to one-time gains and profits from associates

PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure

Borrowal fraud of Rs 270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd

Co-operative banks are well regulated now: DEA Secretary Ajay Seth

"Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise."

State Bank of India opens 0.63 mn accounts under Har Ghar Lakhpati scheme

Most of these accounts were opened with zero balance. Through continuous engagement with customers, the bank now has the lowest number of zero-balance Jan Dhan accounts, he added

Banks hit by AGS may turn to others for cash management operations

AGS is the second largest ATM servicing and cash management in the country with presence across 2,200 cities and towns

RBI curbs on New India Co-op Bank: Deposit insurance offers silver lining

Customers pin hopes on Rs 5 lakh insurance payout as RBI freezes withdrawals

Is 'one state, one RRB' plan right solution for struggling banks?

Do we need RRBs? Regional rural banks are fraught with problems, from financial to governance issues

SBI cuts home loan rate, EBLR by 25 bps after RBI's repo rate reduction

State Bank of India (SBI) has reduced its home loan rate by 25 bps to 8.25% and EBLR to 8.90%, following RBI's 25 bps repo rate cut to 6.25%, signalling easing rates in the system

Business correspondents to undergo digital audit, new training models

New audit envisages banks using digital technologies like video-based interviews, geo-tagging technology, and transaction-based controls, committee to be headed by top SBI official

RBI imposes curbs on New India Co-operative Bank on supervisory concerns

The bank's advances reduced to 11.75 billion rupees as of March 31, 2024, from 13.30 billion rupees a year earlier. Its deposits rose to 24.36 billion rupees from 24.06 billion rupees

Banks' margins to take 10 bps hit in FY26 due to rate cuts: Fitch Ratings

Last week, the RBI started its rate-cutting cycle by lowering its key policy rate by 25 bps to 6.25 per cent and said it would be watchful and proactive with liquidity measures

ICICI Bank to retain majority stake in ICICI Prudential Mutual fund

ICICI Bank holds 51 per cent stake in ICICI Prudential Asset Management Company while remaining 49 per cent is with its joint venture partner UK-based Prudential PLC

SBI sees sector's personal loan woes easing on tighter credit rules

Private banks and non-bank lenders have grown their personal loan books aggressively but reported an increase in bad loans in the six months through December

EMIs set to fall: PNB, Bank of Baroda, RBL Bank cut retail loan rates

The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday

Due diligence of IDBI Bank's qualified bidders underway: MoS Finance

In January 2023, the Department of Investment and Public Asset Management (DIPAM) received multiple Expressions of Interest (EoI) for buying stake in IDBI Bank