Page 62 - Banking

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

Bank of Baroda hikes lending rates by 5 basis points across three tenures

The one-year MCLR has risen to 8.85%, while the six-month and three-month MCLR rates have been increased to 8.65% and 8.45%, respectively

ICRA revises FY25 outlook for banking sector to 'stable' from 'positive'

Rating agency expects credit growth and profitability to moderate in the sector

Record household debt: Loans outpace deposits for 3rd year in a row

Debt higher than many BRICS peers, at lower per capita GDP

Credit growth, quality assets likely to spur bank profits in Q4 FY24

Profits may grow 9.6%, net interest income 8.7% in March quarter

Public-sector banks may be allowed to transfer unclaimed shares to IEPF

FinMin preparing to amend Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

Audit Panel of board at UCBs must improve oversight, risk management: RBI

Flags internal auditor's task for early detection of irregularities

RBI to allow third-party apps for UPI payments through PPI wallets

Cash deposit facility in banks through UPI soon

Banks' outstanding loans rose 20.2% on year in two weeks to March 22: RBI

Outstanding loans rose 1.21 trillion rupees ($14.54 billion) to 164.35 trillion rupees in the two weeks to March 22

Certificates of deposit issuances by banks up 34% in FY24, hit Rs 9.56 trn

The top five issuers accounted for approximately 60 per cent of the total fundraising in February

HDFC Bank's gross advances surge 55.4% to Rs 25.08 trn in Q4 FY24

The bank's domestic retail loans grew by around 108.9% over the year-ago period and rose by 3.7% over Q3 FY24 figures

First FY25 RBI MPC meeting: When, where to watch RBI governor's speech

RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon