Page 56 - Banking

Bank credit to industry up 8.5% in March; moderation in personal loans: RBI

The growth in credit to industry and personal loans segment in March 2023 was 5.6 per cent and 21 per cent, respectively

RBI issues guidance note on operational risk management, resilience

The RBI said all REs must perform a risk assessment and due diligence before entering into any arrangements with third parties or external entities

Positive real yields on India govt bonds visible, says SBI official

The inflation-adjusted returns will accrue even if inflation does not ease to the Reserve Bank of India's 4% target and stabilises around 5%, he said

RBI directs lenders to review loan disbursal, interest related practices

"These are matters of serious concern to the Reserve Bank," it said, asking lenders to take corrective action "including system level changes"

Three NBFCs looking to raise funds through dollar bond issue, say bankers

Manappuram Finance, Muthoot Finance and state-run REC are aiming to issue benchmark-sized bonds, which means the issuance will be around $500 million each, the three bankers said

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

The regulator put restrictions on the bank citing gaps in the IT systems which the lender failed to address

Tough times for urban cooperative banks as bad loans build, ranking dips

Lenders that hold more than Rs 5 trillion in deposits are weaker after the pandemic

RBI tells Kotak Mahindra Bank to stop issuing new credit cards

Will work with RBI to swiftly resolve pending issues, says Kotak Mahindra Bank

Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years

HDFC Bank, Bank of Baroda and Paytm Payments Bank have faced action for alleged regulatory violations

PSBs don't have power to issue 'Look Out Circulars' against defaulters: HC

The HC's verdict would render all LOCs issued by such banks against defaulters as quashed

Cautious approach: Small finance bank model in the slow lane, say experts

Unity Small Finance Bank was the last one to get a licence in the category in November 2021

Poor risk assessment root of asset quality concerns: SBI chief Khara

Khara asserted that the 25-year-old SBI Cards has been able to manage the asset quality well because of its focus on risk assessmen

AU SFB launches multiple products like credit cards with exclusive features

Among the latest offerings are 2 innovative credit cards: the AU SPONT Rupay Credit Card and Secured Credit Card - NOMO (No Missing Out), developed in collaboration with NPCI and VISA, respectively

'UN keen on furthering MDB reforms initiated during India's G20 Presidency'

The ambitious Summit of the Future is scheduled to be held in September this year during the high-level UN General Assembly session

Climate change's 'physical risks' are increasingly catching up with banks

But as temperatures soar around the world, triggering a deadly cocktail of wildfires, storms and drought, banks are now being forced to pay greater attention to what are known as "physical risks"

Universal bank licences: Here are key changes in licensing criterion

Two new sets of banks - small finance banks and payments banks - have also started operations under differentiated licensing norms

UCB advances to priority sector up over 27% in FY23, shows RBI data

A majority of the advances of UCBs was given to MSMEs, amounting to Rs 1.3 trillion in FY23

RBI conducts two-day VRRR as liquidity surplus nears Rs 1 trillion

Banks parked Rs 32,576 crore, against the notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent at the auction

RBI proposes changes in net-worth guidelines for payment aggregators

The banking regulator has identified two major types of payment aggregators (PAs) as part of the payments ecosystem in the country

Deposit rates raised by public sector banks higher than private peers

The share of bank loans bearing over 8 per cent interest rates increased from 47.2 per cent in March 2022 to 78.9 per cent in March 2023, and further to 83.7 per cent in December 2023