Page 63 - Banking

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

Tier-1 capital raise by banks halves to Rs 17,516 crore in 2023-24

Healthy capital ratios, high interest rates, weak appetite lead to lower issuances

SFBs seek glide path from RBI to become universal banks citing eligibility

Lower priority sector lending norms would help in reducing cost

First RBI MPC meet for FY25 starts today: Here is all you need to know

RBI Policy Meet: Experts believe the RBI will keep the repo rate unchanged at 6.5% and focus on bringing inflation towards the 4% target

PM asks RBI to consider innovative credit policies for youth in new sectors

PM attributes the banking sector's profitability and credit growth surge to the decade-long collaboration between his government and the RBI

Growth with trust should be RBI's top most priority next decade: PM Modi

PM Modi said as per the "mantra" of the central bank, "The RBI should make fast growth its top-most priority, along with focusing on trust and stability."

PM Modi pitches for studying newer banking structure to fund future needs

The PM said the banking industry needs to move forward to ensure that it can fund the credit needs of the projects necessary for the country's future growth

Govt updates list of banks authorised to import gold, silver in FY25

As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from April 1

Banks closed for 14 days in April; Check the state-wise list of holidays

On the account of public holidays, regional holidays, and regular closures on second and fourth Saturdays and all Sundays, banks will remain in various states across the month

RBI eases recently tightened regulations for banks' investments in AIFs

This was to ensure the rules were uniformly implemented among lenders and to address stakeholders' concerns, the Reserve Bank of India (RBI) said in a release

RBI fines Mandi cooperative bank in Rs 6 lakh for not complying with rules

The Mandi Urban Co-operative Bank faced the RBI penalty based on the select inspection of the bank conducted with reference to its financial position as on March 31, 2022