Page 18 - Banking Industry

Banking sector to be in sweet spot as long as economy is robust: PSB chiefs

Top public sector bank executives underlined that the customers are now the centrepiece for banks during a panel discussion at the Business Standard BFSI Insight Summit in Mumbai

FinMin seeks comments from sponsor banks on proposed RRB amalgamation

The proposed document said the RRB with the largest business (total deposits and advances) among the amalgamating RRBs in a state would be the transferee RRB in that state

Deposits outpace credit growth after 30 months, hinting at stability

Credit growth coming off its highs has largely contributed to credit-deposit growth aligning

AI adoption in banking: India's opportunity to transform financial services

Banks with large asset sizes and those endowed with greater resources are more inclined to invest in innovation and modern technologies like AI

PNB Q2 FY25 results: Net profit increases 145% to Rs 4,303 crore

The bank's net interest income (NII) increased to Rs 10,517 crore in Q2 FY25 from Rs 9,923 crore in Q2 FY24, showing an improvement of 5.99 per cent on a year-on-year (Y-o-Y) basis

SBI Life least affected by new surrender norms: MD & CEO Amit Jhingran

Following the company's Q2 earnings, SBI Life Insurance managing director and chief executive officer (MD&CEO) Amit Jhingran spoke on the road ahead for the company

Tamilnad Mercantile Bank Q2 results: Net profit rises 11% to Rs 303 cr

Total income grew 15 per cent to Rs 1,565 crore during the quarter under review, from Rs 1,365 crore during the July to September period last financial year

Nabfid likely to raise nearly Rs 40,000 crore through bonds in H2FY25

The financial institution is also looking to raise funds from multilateral agencies and is preparing for ratings to facilitate international market fundraises

Fairfax not to cut CSB Bank stake in five years: MD & CEO Pralay Mondal

Pralay Mondal discusses the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale

RBI to meet private bank boards on November 18 to discuss governance

This will be 2nd meeting of its kind

Bank of Maharashtra Q2 results: Net profit up 44% on healthy NII growth

Expects net to cross Rs 5,000 cr for Fy25

SBI plans to add 600 branches in network during FY25: Chairman Setty

State Bank of India (SBI) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships. "We have strong branch expansion plans...this would be mainly focused on emerging areas. A lot of residential colonies are not covered by us. Around 600 branches is something we are planning in the current year," SBI Chairman C S Setty told PTI in an interview. The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were inaugurated. SBI has a network of 22,542 branches across the country as of March 2024. Apart from branch presence, SBI has 65,000 ATMs and 85,000 business correspondents. "We serve about 50 crore customers and we take pride in saying that we are the banker to every Indian, and, more importantly, to every Indian family," he said. He also said it would be his endeavour to transform SBI into the best bank, the most valued ba

RBI's Mibor committee backs benchmark based on secured money market

The Committee noted that banks in India are increasingly linking their personal, retail, and MSME loans to the policy repo rate, with a growing share of advances tied to this rate

State-owned Bank of India raises Rs 2,500 crore at 7.49% via tier-II bonds

The state-owned lender will raise Rs 2,500 crore through additional Tier-I bonds in Q3

Fintech loan disbursements decline in volume and value in Q1FY25: Report

The signs of a slowdown in disbursements come nearly one year after the Reserve Bank of India (RBI) hiked risk weights on unsecured loans

Organised gold loans offered by banks, NBFCs may top Rs 10 trn by FY25

The gold loan segment has expanded at a compound annual growth rate (CAGR) of 25 per cent between FY20 and FY24, Icra said

Why is PNB near its 8-month low after slipping 7% in 2 days? Details here

PNB shares have slipped after it announced Rs 109.16 per share as the floor price for the QIP, launched on September 23, that aims to raise Rs 7,500 crore.

13 candidates in fray for PNB top job; FSIB may hold interviews next month

Among the contenders are two executive directors (EDs) from Bank of Baroda, one ED each from Union Bank of India, Indian Overseas Bank, and Canara Bank, and several deputy MDs from SBI

Deposits, pricing of loans may be key tasks for new Federal Bank CEO

Improving pricing power key for better RoA

Banks take securitisation route for liquidity, lower credit deposit ratio

Rating agency ICRA estimates Rs 45,000 crore to Rs 50,000 worth of securitisation and direct assignment deals in the July-Sep quarter