Page 49 - Banking

Draft framework: RBI for more options to authenticate digital payments

The first factor of authentication and the AFA would have to be from different categories, the RBI has stated

Citi breaks banks safety rules, makes liquidity reporting errors: Report

Firm's subsequent reaction to breaches resulted in liquidity reporting inaccuracies, according to the document, which provides a 2023 year-end snapshot of some of Citi's work on regulatory issues

11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance

For the recovery of this charge from account holders, public sector banks have formulated slab structures based on different geographies and segments

SBI raises $750 mn via offshore term loan facility for deployment of funds

SBI's board has approved a plan to raise long-term funds up to $3 billion in single or multiple tranches in FY25

Banks face 7-year debt recovery backlog; Government plans capacity boost

More than 200,000 cases are pending in Debt Recovery Tribunals (DRTs), which currently manage only 30,000 to 40,000 cases each year

Private banks' bottom line remains healthy in Q1, bad loans inch up

Margins under pressure as cost of funds rise

Indian Bank Q1 FY25 results: Net profit rises 41% to Rs 2,403 crore

During the quarter, the bank's total income increased to Rs 16,945 cr against Rs 14,759 cr a year ago, Indian Bank said in a regulatory filing

IDFC First Bank Q1 results: Net profit declines by 11% to Rs 680 cr

Total income in the first quarter of the current fiscal rose to Rs 10,408 cr as against Rs 8,282 cr, IDFC First Bank said in a regulatory filing

PNB Q1FY25 results: Net profit jumps 159% to Rs 3,252 cr, NII up 10.23%

PNB Q1FY25 results: Gross Non-Performing Asset (GNPA) ratio of the bank improved by 275 basis points (bps) on a Y-o-Y basis to 4.98 per cent as on June 24 from 7.73 per cent as on June 23

ICICI Bank Q1 results: Net profit rises 14.6% to Rs 11,059 cr, NII up 7.3%

The asset quality of the lender remained stable, with its gross non-performing assets (NPAs) ratio at 2.15% at the end of Q1FY25 compared to 2.16% in Q4FY24, and net NPA ratio at 0.43%

Manoj Mittal takes charge as Sidbi's CMD after appointment by Centre

Mittal has over 33 years of experience in the financial services sector, including his previous tenures as MD and CEO of IFCI and deputy managing director at Sidbi, the bank said

Reserve Bank of India releases PCA framework for urban cooperative banks

The new framework will be applicable to UCBs with deposits above Rs 100 crore

ESAF Small Finance Bank Q1 results: Net profit falls 52% to Rs 63 cr

The bank's asset quality worsened with Gross Non-Performing Assets (NPAs) surging to 6.61 per cent of gross advances as of June 30, 2024, from 1.65 per cent by end of first quarter of previous fiscal

Punjab & Sind Bank Q1FY25 results: Net profit rises 19% to Rs 182 cr

During the quarter, the bank's total income increased to Rs 2,846 cr against Rs 2,494 cr a year ago, Punjab & Sind Bank said in a regulatory filing

RBI issues prompt corrective action framework for urban cooperative banks

The provisions of the Prompt Corrective Action (PCA) Framework for Primary (Urban) Co-operative Banks (UCBs) will be effective from April 1, 2025

HDFC Bank rolls out fixed deposit scheme with higher interest rates

The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio

Climate events influence actions of central banks, says RBI DG Rao

Rao said that such events can destroy assets funded by institutional finance, thereby harming the financial health of these institutions

RBI drafts liquidity norms, adding buffers for electronic fund transfers

It added that unsecured wholesale funding provided by non-financial small business customers shall be treated in accordance with the treatment of retail deposits

Banks cautious on lending to stressed MSMEs due to NPA classification rules

Seek measures like leeway in 90-day NPA classification

Net credit card additions down to 2 mn due to seasonal, regulatory factors

Card spend flat at Rs 4.79 trillion but likely to pick up in coming quarters