Page 51 - Banking

Goldman Sachs appoints co-heads of investment banking business in India

The firm also announced that Sunil Khaitan has joined as head of financing in India. Reuters reported in April that Goldman hired Khaitan from Bank of America

Goldman Sachs targets $2 bn for first Asia-focused pvt equity fund

Only five China-focused private equity funds were raised in the first half this year, totalling $2.2 billion

Indian banks eye record infra bond issue for second straight financial year

If successful, funds raised via these bonds in the first five months of the current fiscal year started in April will surpass the Rs 544 bn raised in FY 2023-24

RBI permit banks to use ratings of Brickwork for loans up to Rs 250 cr

The Reserve Bank of India on Wednesday permitted banks to use ratings by Brickwork Ratings India Private Limited for loans of up to Rs 250 crore.

Sidbi to tap humble postmen to support micro-entrepreneurs across country

Due to our lending obligations, we cannot directly lend, we are utilising Sidbi to provide the loans. Approval from the Reserve Bank of India is still pending, Senior official from IPPB said

SBI raises Rs 10,000 crore at a coupon of 7.36% in 15-year infra bonds

Several other state-owned lenders such as Canara Bank and Bank of India are also planning to raise funds through infrastructure bonds

French banking major BNP Paribas launches operations in GIFT City

The BNP Paribas GIFT City branch's product offerings aim to tap new business opportunities for its onshore and offshore clients

PNB launches 'Safety Ring' to enhance security for internet, mobile banking

This mechanism provides an additional safety layer to minimise potential losses in case of unauthorised access by fraudsters, PNB said in a statement

After strengthening capital, RRBs to focus on product diversification

The top priority will be upgrading the technology platform for digital banking for retaining existing customers and attracting new ones in rural areas

Q1 FY25 business update of banks: Deposits grew slower than loans

Bank of Baroda posted faster growth in advances than in deposits. The loan book of the BoB grew by 1.73 per cent while deposits improved by 1.59 per cent, sequentially

Commercial banks turn cautious on lending to smaller microfinance players

Lenders wary after recent RBI guidelines on higher risk weighting for unsecured loans

Swiss challenge auction: Union Bank gets sole counter bid for Jaypee Health

Bank called for a Swiss auction for 5 accounts after receiving binding bids from a list of 25 accounts for sale

Punjab & Sind Bank plans to open 100 branches, as many ATMs this fiscal

State-owned Punjab & Sind Bank will continue to focus on branch expansion, and new branches would come up in areas other than the northern region

Bandhan Bank appoints Ratan Kumar Kesh as interim MD&CEO for 3 months

Kesh currently holds the position of executive director & chief operating officer at the bank

HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report

Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June

Bank of Baroda, PNB log slower deposit growth than industry trend in Q1

The outstanding deposits of Delhi-based PNB stood at Rs 14.08 trillion at the end of June 2024

RBI cancels licence of K'taka-based Shimsha Sahakara Bank Niyamitha

Consequently, the bank ceases to carry on banking business, with effect from the close of business on Friday (July 05, 2024), the Reserve Bank said in a statement

Indian banks see climate change as their biggest source of systemic risk

It wasn't until earlier this year that the RBI finally released a draft framework that would require financial institutions to devise and disclose their strategies to mitigate climate-related risk

Strong loan growth for small finance banks in Q1FY25, Casa declines

The deposits of the SFBs posted a double-digit increase from the quarter ended in June 2024. Deposits of Equitas SFB grew by 35.40 per cent, Capital SFB by 10 per cent, and Suryoday SFB by 42 per cent

BBPS-credit card activation: Banks expect 3-4 weeks' leeway for integration

IBA liaising with regulator; issuers put in place systems to go live on BBPS