Page 61 - Banking

RBI project finance norms: Will absorb additional provision, says SBI chief

Provision buffer of Rs 33, 000 crore sufficient for ECL norms

RBI removes restrictions on BoB app, allows new customer enrollment

Bank will now on-board customers through mobile app

Commercial banks for 1-2% project finance provisioning; RBI proposed 5%

Industry sees short-term pain

Want to bring down retail loan growth: YES Bank MD & CEO Prashant Kumar

Kumar says the core capital of the bank is set to improve after investors - Carlyle group and Advent International - convert the warrants into equity

IOB adopts multi-pronged approach to ensure recovery from NPA accounts

To sustain and bolster this momentum, the bank has published a sale notification that pertains to the sale of 92 NPA loans, aggregating to an outstanding due of Rs 13,471.68 crore

RBI says 97.76% of Rs 2,000 currency notes returned to banking system

People can deposit and/or exchange Rs 2000 banknotes at 19 RBI offices across the country. People can also send Rs 2000 bank notes through India Post to any of the RBI Issue Offices

Standard Chartered Q1 2024 results: Profits rise 5.5%, beat estimates

Despite the forecast-beating quarterly profit, the bank saw its credit impairments worsen in 2024

May 1 bank holiday: Are banks closed today? Check state-wise list

Banks will remain closed in some states on May 1 in observance of Maharashtra Day and May Day

Jana SFB may apply for universal bank licence in next financial year

Last week, the Reserve Bank of India spelt out a glide path for SFBs to convert into universal banks.

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