Page 64 - Banking

Public sector banks' dividend payout may exceed Rs 15,000 crore in FY24

In the first three quarters of the current financial year, all 12 PSBs earned a total profit of Rs 98,000 crore, only Rs 7,000 crore less than the entire FY23

All public sector banks recorded decline in NPAs over last 6 months: Survey

The survey revealed that 77 per cent of the respondent banks reported a decrease in the NPA levels in the last six months

Robust regulations must to check digitalisation risks: RBI dy guv

The senior RBI official emphasised that consumers may struggle to resolve disputes or obtain compensation due to lack of transparency on the part of such players

Govt invites feedback on draft accessibility guidelines for banking sector

By providing detailed specifications and requirements, the guidelines said it aims to create an environment that is welcoming and accommodating to individuals with diverse abilities

RBI directs all bank branches dealing in govt biz to remain open on Mar 31

Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), RBI said in a statement

RBI imposes Rs 1.31 cr fine on Tamilnad Mercantile Bank for non-compliance

A monetary penalty of Rs 63.6 lakh has been imposed on DCB Bank, the RBI said in a statement

Bank of India reduces home loan rates by 15 bps to 8.3% till March 31

The bank also said it is offering special financing for rooftop solar panels at 7 per cent interest rate and with no processing fee

Public-sector banks asked to submit three-year business plans by March-end

According to the finance ministry's order, the business plans should cover strategies related to increasing low-cost deposits, raising capital, and resolving bad loans, among other things

Indian bankers to get higher salary hikes than Singapore, Hong Kong

Salaries in India could rise by 10% in 2024, analyst Sarah Jane Mahmud wrote in a note Friday, citing survey data from consulting firm Aon

5 PSU banks to reduce govt shareholding to meet Sebi's MPS norms: DFS Secy

As per the Securities and Exchange Board of India (Sebi), all listed companies must maintain an MPS of 25 per cent

Finmin asks PSU banks for comprehensive review of their gold loan portfolio

A directive in this regard was issued last month advising them to fix anomalies relating to collection of fees and interest and closure of gold loan accounts

RBI imposes Rs 1.4 crore penalty on Bank of India for non-compliance

It has also imposed a penalty of Rs 29.55 lakh on private sector lender Bandhan Bank for non-compliance with certain directions

Bank employees to get 17% annual wage hike; 5-day work week awaits govt nod

As many as 8 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2022

Monitor end use of funds for business cards, says Reserve Bank of India

No need to approval for co-branded cards

Global banking watchdog to crack down on 'window dressing' by big banks

The rules were introduced a decade ago after many lenders were bailed out by taxpayers in the global financial crisis

Interoperability of internet banking system in 2024: RBI's Shaktikanta Das

Shaktikanta Das said there's considerable scope for expanding digital payments

High gap between credit, deposit growth to impact loan sales, NIMs: Report

Credit off-take grew at 20.3 per cent in this fiscal so far while deposits grew at a slower pace of 13.6 per cent YTD, according to the report by Care Ratings

RBI may launch interoperable payment system for internet banking in 2024

"We expect the launch of this interoperable payment system for internet banking during the current calendar year.", Guv said.

Shah launches NUCFDC, sets target to establish urban co-op bank in all town

There are more than 1,500 urban cooperative banks with 11,000 branches and a deposit of Rs 5 lakh crore across the country, he added

Digitalisation needs banks to prioritise employee adaptability: RBI's Rao

He said investing in employee development is essential for financial institutions to thrive