Page 16 - Banking Industry

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

Banks' profitability likely to moderate in FY26, says India Ratings

Estimates 13.5% loan growth in FY25

FinMin to review flagship schemes with PSB chiefs ahead of Budget

The meeting aims to review the progress of various financial inclusion schemes and discuss future funding requirements in light of the upcoming Budget

Results preview: Banks' net profit growth likely moderated in Q3FY25

Margin pressures, sluggish loan offtake may weigh on performance

Kotak Mahindra Bank CTO & COO Milind Nagnur resigns citing personal reasons

In his resignation letter, Nagnur stated that he intends to relocate to the United States to care for family members

FinMin asks banks, insurance firms to expedite public grievances resolution

The Finance Ministry on Wednesday urged public sector banks (PSBs) and insurance companies to expedite the resolution of public grievances. A meeting chaired by Financial Services Secretary M Nagaraju was held in which complainants, PSBs, public sector insurance companies (PSICs) and regulators participated. The meeting, aimed to assess the quality of grievance redressal, reviewed 20 randomly selected public grievances resolved by PSBs and insurance companies to assess resolution quality, the finance ministry said in a statement. At the outset, the Secretary reiterated the Prime Minister's direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should review at least 20 cases to monitor quality of resolution of the resolved grievances every month. During the review meeting, he observed that the majority of customers raised complaints due to genuine grievances against an organisation, and stressed that .

Rajat Verma appointed as DBS Bank India CEO, to succeed Surojit Shome

In a statement, DBS said Verma, current head of institutional banking group at DBS Bank India, had been appointed, effective from March 1, in line with RBI approval

Small ticket transactions drag avg retail payments value by 48% in 3 years

The increasing adoption of digital transactions is evident in the robust growth of India's real-time payments system, Unified Payments Interface (UPI)

Banking frauds rise in H1FY25, amount involved jumps eightfold: RBI report

The number of bank frauds witnessed a significant on-year increase in the first half of the current fiscal to 18,461 cases and the amount involved jumped more than eight-fold to Rs 21,367 crore, according to RBI data released on Thursday. The Reserve Bank of India has released the Report on Trend and Progress of Banking in India 2023-24 which presents the performance of the banking sector, including commercial banks, co-operative banks and non-banking financial institutions, during 2023-24 and 2024-25 so far. The report said the number of frauds during April-September stood at 18,461 involving Rs 21,367 crore compared to 14,480 cases involving Rs 2,623 crore in the comparative period of the last financial year, based on the date of fraud reporting. It further said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications. Regarding 2023-24 fis

Banks' balance sheets stay robust, bad loans decline more: RBI report

The report said that net bad loans of banks fell to 0.57 per cent of total loans at September-end, from 0.62 per cent at end-March, driven by stronger loan-loss buffers

Business correspondents meet Irdai, seek consent to sell insurance products

BCRC's stance is that shocks from climate-related issues are affecting those at the bottom of the pyramid in a big way

Govt appoints Ram Mohan Rao Amara as SBI MD for a period of three years

Rao was holding the post of deputy managing director and chief risk officer of the country's largest bank until his appointment as managing director