Page 65 - Banking
Digitalisation needs banks to prioritise employee adaptability: RBI's Rao
He said investing in employee development is essential for financial institutions to thrive
 "Digitalisation needs banks to prioritise employee adaptability: RBI's Rao")
Lagged deposit growth to constrain credit growth for banks in FY25: Report
Maintaining its "neutral" outlook on the banking sector for FY25, the agency said the deposit growth is likely to moderate to 12-13 per cent in FY25 from the 13.8 per cent estimated for ongoing fiscal
 "Lagged deposit growth to constrain credit growth for banks in FY25: Report")
RBI releases draft disclosure framework for banks to address climate risks
The RBI has previously acknowledged climate change as a source of financial risk. In July 2022, it released a discussion paper exploring strategies to address climate change-related financial risks
 "RBI releases draft disclosure framework for banks to address climate risks")
MCA probing some loan apps over allegations of violating Company Law
Many gullible borrowers are often defrauded of their money by fraudulent loan apps
 "MCA probing some loan apps over allegations of violating Company Law")
RBI tweaks rules to standardise filing of supervisory returns by banks
Previously, banks had to submit all audited returns to the RBI within seven days from the date of the completion of statutory audit of books of accounts
 "RBI tweaks rules to standardise filing of supervisory returns by banks")
Digital payments: 'A shift in focus crucial to drive next phase of growth'
A policy document, which was published by the UN before the G20 Summit, mentions India has achieved around 80 per cent of financial inclusion in the last six years
 "Digital payments: 'A shift in focus crucial to drive next phase of growth'")
Balance sheets of SFBs are larger than those of universal banks: Panel
Participants at a panel discussion at the Business Standard BFSI Insight Summit 2023 say that SFBs need diverse product lines
 "Balance sheets of SFBs are larger than those of universal banks: Panel")
The good times will last longer, says public sector bank CEOs panel
Bandyopadhyay spoke on the situation's sustainability with some of India's leading PSB chiefs
 "The good times will last longer, says public sector bank CEOs panel")
How RBI, industry put in checks place to slow down consumer credit growth
The latest TransUnion Cibil Credit Market Indicator (CMI) says that credit growth slowed across all consumption-led loan products; home-loan growth remained stagnant
 "How RBI, industry put in checks place to slow down consumer credit growth")
Credit card issuance: HDFC Bank widens gap with nearest rival SBI Card
The total number of credit cards in circulation was 99.5 million in January 2024, steadily rising from 97.9 million in December 2023
 "Credit card issuance: HDFC Bank widens gap with nearest rival SBI Card")
Banks await RBI approval for appointing second whole-time director
Few need time as no regulatory approval yet for new CEO
 "Banks await RBI approval for appointing second whole-time director")
RBI penalises SBI, Canara Bank, City Union Bank for flouting norms
The RBI took action after conducting Statutory Inspection for Supervisory Evaluation (ISE 2022) of the three lenders with reference to their financial position as on March 31, 2022
Uttar Pradesh govt asks banks to increase credit flow in state economy
The CD ratio currently stands at 59 per cent, lower than the national ratio of 80 per cent
 "Uttar Pradesh govt asks banks to increase credit flow in state economy")
Decoded: Public tech platform for frictionless credit, demystified
The pilot of this platform, known as a Public Tech Platform for Frictionless Credit (PTPFC), commenced on August 17 last year
 "Decoded: Public tech platform for frictionless credit, demystified")
HSBC pre-tax profit up 19% in India for FY23, more profitable than China
China's pre-tax profit plummeted 89% Y-o-Y to $371 mn in 2023 from $3.40 bn in 2022 due to losses the bank suffered in its wealth management, personal banking and corporate centre verticals
 "HSBC pre-tax profit up 19% in India for FY23, more profitable than China")
Govt appoints non-executive chairmen in Bank of India, IOB, Uco Bank
Ex-LIC head MR Kumar appointed as non-exec chairman of Bank of India
 "Govt appoints non-executive chairmen in Bank of India, IOB, Uco Bank")
Credit deposit ratio inch up Dec qtr; top PSBs report lower than pvt peers
The CD ratio is the ratio of the funds that banks lend compared to the funds raised in the form of deposits
Govt planning to standardise 'know your customer' norms for banking checks
Wednesday's statement made no direct reference to Paytm Payments Bank, saying only the FSDC discussed Know Your Customer (KYC) norms
 "Govt planning to standardise 'know your customer' norms for banking checks")
BoB raises Rs 2500 cr via Tier-II bonds at 7.57%, surpasses mkt estimates
Robust demand from investors for long tenure paper due to softer rate expectation
 "BoB raises Rs 2500 cr via Tier-II bonds at 7.57%, surpasses mkt estimates")
Cracks start to emerge in global central bank's four-year synchronicity
The International Monetary Fund's latest round of forecasts highlights the divergence: an improved US outlook, worse prospects for the euro zone and miserable figures for the UK
 "Cracks start to emerge in global central bank's four-year synchronicity")