Page 52 - Banking

RBI bumper payout to curb major divestments, govt keeps Rs 50k cr target

Care Ratings said the new government will retain the interim budget's Rs 50,000 crore target on receipts from divestments

IDFC First Bank raises Rs 3,200 cr by selling shares to LIC, 5 others

On May 30 and June 28, the lender's board approved the issue and allotment of shares through preferential issues on a private placement basis

Banks to see treasury gains in Q1 as government bond yields soften

Gains limited due to new investment norms

Bank of Maharashtra records 19% growth in credit for April-June quarter

The outstanding credit was Rs 1.75 lakh crore at the end of June 30, 2023, BoM said in a regulatory filing

Banks Q1 loan growth remain strong, share of low cost deposits falls

The credit-to-deposit ratio of the Mumbai-based private sector lender Yes Bank rose to 86.8 per cent at the end of June from 85.5 per cent at the end of March

RBI governor Das asks banks to strengthen governance, risk management

The governor also noted the continued improvement in banks' asset quality, loan provisioning, capital adequacy, and profitability

Commercial banks mobilise Rs 1.45 trn via certificates of deposits in June

Certificate of Deposit issuances in June at Rs 1.45 trillion, up 76% month-on-month

UCB credit profile improves in H2FY24, says financial stability report

UCB executives said besides regulatory push for effective asset quality management, the upturn in credit growth and improvement in margins have helped enhance provision cover

Ireda loan grows to Rs 9,136 cr in April-June; disbursements rose by 67.6%

Loan disbursements also rose 67.61 per cent to Rs 5,320 crore in the period under review from Rs 3,174 crore in the year-ago period

CS Setty: Soft spoken village boy set to occupy SBI's corner office

CS Setty is currently looking after international banking, global markets & technology portfolios

Now, users can't make credit card repayments on third party apps

Many players said they will pause credit card payment for banks that have not gone live

FSIB recommends Challa Sreenivasulu Setty as next chairman of SBI

Dinesh Khara, the current chairman of SBI, is set to retire on August 28

Bandhan Bank launches new service for online collection of direct taxes

As an RBI-appointed agency bank, it also accepts offline payments through its 1,700 branches, said Bandhan Bank

Banks' loans rise 19.2% in 2 weeks to June 14, deposits up 12.6%: RBI

Outstanding loans fell Rs 716.02 billion ($8.59 billion) to Rs 167.11 trillion in the two weeks to June 14

Employee associations demand merger of RRBs with respective sponsor banks

There are now 43 RRBs sponsored by 12 scheduled commercial banks with around 22,000 branches, operating approximately 30 crore deposit accounts and 3 crore loan accounts across 702 districts

Work towards reaching last mile: DFS Secretary asks CEOs of PSU banks

While reviewing progress of various flagship financial inclusion schemes of the government here, Joshi requested banks to give more thrust on improving customer experience across banking services

Additional director on Bandhan Bank is prudent measure by RBI: Macquarie

On Monday, RBI inducted an additional director on the board of Bandhan Bank - Arun Kumar Singh, former chief general manager of RBI

RBI inducts addl director on Bandhan Board ahead of CEO Ghosh's retirement

Ex RBI CGM Arun Kumar Singh appointed for one year to ensure smooth leadership transition

FinMin to meet CEOs of PSBs on Jun 25, review financial inclusion schemes

The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi on Tuesday

Chinese, Indian banks' efficiency erodes as expenses outpace income: S&P

Indian lenders invested heavily in expansion, opening new branches, adding customers and boosting technology infrastructure to continue as the fastest-growing major economy in the world