Page 50 - Banking

Piramal Finance eyes overseas bond market for funding diversification

The diversified non-banking finance company (NBFC) aims to increase its borrowing from international sources to 10 to 12 per cent over the next 2-3 years, up from the current 4 per cent

Federal Bank Q1 results: Profit rises 17% to Rs 1,027 cr on loan recoveries

The line was driven by a 39 per cent growth in recoveries from written-off assets at Rs 227 cr, and Srinivasan said this is a very granular number without any chunky recovery

Budget 2024: Adequate capital buffers, credit-deposit ratio may weaken

PSBs to develop capabilities to assess MSMEs for credit, reducing external reliance

Indian banks' short-term debt increases to 12-year high on loan demand

Depositors in India have been saving less in banks as soaring equity markets and avenues such as mutual funds, insurance funds and pension funds lure them

Sustaining good times: CEA Nageswaran for more gap between NPA cycles

Advises financial sector to resist temptation to pursue short-term profits at expense of customer

Jana SFB Q1 result: Net profit rises 89% to Rs 171 cr, NII up at Rs 610 cr

Amid the sluggish deposit growth in the system, the bank seems to have ducked the trend with a 41 per cent growth in the number

Uco Bank Q1 result: Net profit jumps 147% to Rs 551 cr, deposits rise 7.39%

The Kolkata-based bank's total business grew 11.46 per cent on-year to Rs 461,408 cr, while gross advances increased 17.64 per cent to Rs 193,253 cr, it said in a statement

Aim to reduce CD ratio as fast as possible: HDFC Bank MD & CEO Jagdishan

HDFC Bank says it will not get involved in an interest rate war to attract more deposits

RBL Bank Q1 results: Net profit grows 29% to Rs 372 cr, NII up 20%

The bank's deposit growth came at 18 per cent during the quarter and was attributed to the differentiated offerings by its managing director and chief executive R Subramaniakumar

YES Bank Q1 result: Net profit rises 47% to Rs 502 cr as provisions fall

Its provisions declined by 41.2 per cent to Rs 212 crore in Q1 FY25, from Rs 360 crore in the year-ago period. Sequentially, provisions declined from Rs 471 crore in Q4 FY24

No plans to allow business houses to promote banks: RBI Governor Das

The RBI had disqualified a long list of conglomerates from floating a lender in the last round of licensing around a decade ago

South Indian Bank Q1 results: PAT up 45% at Rs 294 cr on lower provisions

South Indian Bank on Thursday reported a 45.29 per cent jump in its June quarter net profit at Rs 294 crore, helped by lower provisions.

IDBI Bank stake sale: RBI vetting process in last leg, report by month-end

The central bank's clearance will be seen as an important milestone for the bank's strategic disinvestment

Revival in rural spending pushing demand conditions: RBI bulletin

India's natural rate of interest now at 1.4%-1.9%, says RBI bulletin

Public-sector banks make beeline for fundraise via infrastructure bonds

Canara Bank raises Rs 10,000 crore at 7.4% through 10-yr bonds

State Bank of India launches spl scheme 'Amrit Vrishti' to garner deposits

SBI's Amrit Vrishti offers 7.25% on deposits for 444 days

Bank of Baroda, BoM launch deposit schemes to fund credit demand

SBI to follow suit with 444-day plan at 7.25%

GenZ prefers personal loans; millennials go for credit cards, shows data

Out of the total loans disbursed, digital lending has increased from 1.8 per cent in financial year 2022 (FY22) to 2.5 per cent in FY24

Lenders must hear loan defaulters before declaring accounts fraud: RBI

Banks will now have to issue a show-cause notice to fraudulent entities, with complete details of the fraud, the Reserve Bank of India said in a release

Different faces of bank frauds

Customer education is the key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud