Page 12 - Banking Industry

Govt should bring down stake in PSBs, says Bank of India MD & CEO

Karnatak said that the bank's external benchmark-linked loans (EBLR) are already reflecting the rate cut by the Reserve Bank of India (RBI)'s monetary policy committee (MPC)

AU Small Finance Bank aiming to secure a share of wealth management biz

Although a small finance bank licence comes with certain restrictions on the lending side, there are no such restrictions on liabilities side, which is why the bank has ventured into wealth management

HSBC India's profit before tax rises 11.27% to $1.68 billion in 2024

HSBC India ranks just behind the UK and Hong Kong in terms of profit, as mainland China and Canada saw elevated profits due to one-time gains and profits from associates

Co-operative banks are well regulated now: DEA Secretary Ajay Seth

"Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise."

RBI's conflicting objectives: Focus on inflation, growth over exchange rate

The law mandates the RBI's primary objective is maintaining price stability, keeping an eye on growth. It does not mention managing the exchange rate

State Bank of India opens 0.63 mn accounts under Har Ghar Lakhpati scheme

Most of these accounts were opened with zero balance. Through continuous engagement with customers, the bank now has the lowest number of zero-balance Jan Dhan accounts, he added

Is 'one state, one RRB' plan right solution for struggling banks?

Do we need RRBs? Regional rural banks are fraught with problems, from financial to governance issues

Banks will wait for next qtr to see if deposit rates can be cut: C S Setty

He said the asset liability committee of the bank will meet this week and the external benchmark linked loans would be reduced from this month itself

BC network has to be commercially viable: PayNearby Founder, MD & CEO

Says with higher rentals, cost of Aadhaar devices and the know-your-customer paraphernalia, the commercial viability of the BC network is certainly to be looked at

Casa, term deposits more than double in 10 years, says Pankaj Chaudhary

The amount raised by equity issuances registered a compound annual growth rate (CAGR) of 9.2 per cent, reaching Rs 1.97 trillion at the end of FY24

50:50 chance: Will RBI cut rates, infuse liquidity amid currency pressure?

It can, if it is convinced that the adjustment in the rupee valuation has already been done and the local currency has found its own level

Economic Survey 2024-25: Excessive financialisation can hurt economy

Economic Survey warns against dominance of financial markets

IndusInd Bank Q3FY25 results: Net profit down 39% at Rs 1,402 crore

NII of the lender also declined marginally by 1 per cent Y-o-Y to Rs 5,228 crore

Banks leave no stone unturned to stay ahead of fraudsters: Bank CEOs

The chiefs of leading banks attend a panel discussion on 'Banking on Technology' at the Business Standard BFSI Insight Summit 2024

We should aim to expand UPI's use worldwide: RBI Deputy Guv T Rabi Sankar

"It is important how you absorb acquisitions and make them successful. We care about the kind of firms we acquire, and how we integrate them with the mothership"

NaBFID loan disbursements more than double in Q3; to raise Rs 20k cr in Q4

The sanctions in the reporting quarter rose sharply to Rs 35,491 crore up from Rs 11,405 crore in Q3FY24

CSB Bank Q3FY25 results: Net profit flat at Rs 152 crore, NII dips 2%

Its net interest margin stood at 4.11 per cent in Q3FY25

Budget 2025-26: Banks expect steps for deposit mobilisation, tax breaks

Tax incentives will help sector as loan growth slows down, say experts

Will make investments in digital in FY26: Punjab & Sind Bank MD & CEO

Says the public sector bank aspires to increase its Retail, Agriculture, and MSME (RAM) lending to around 60 per cent next year

Punjab National Bank, Indian Bank get new chief executive officers

He brings with him extensive experience in banking, spanning more than three decades in various capacities. As Executive Director of Punjab National Bank (PNB) since November 2022