Page 24 - Banking Industry

Liquidity in the banking system rises as govt steps up spending

Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed

Large banks with strong balance sheet to grow faster: Axis Bank CEO

Sustained fiscal and monetary support by the government and the RBI would help economic recovery by the second half of this fiscal, Axis Bank's top official said

We do have banking ambitions, says Incred Group's Bhupinder Singh

BHUPINDER SINGH, the shadow banking entity's founder and chief executive officer, spoke to Raghu Mohan

Brazen gaming of bankruptcy process on

According to the data from the Insolvency and Bankruptcy Board of India (IBBI), in over 363 major NCLT resolutions since 2017, banks have taken an average loss of 80 per cent

PMC Bank gets some cooperative support, but revival to take time

The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space

Averse bankers, willing RBI push companies towards the bond market

The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year

Co-operative banks can't outsource core management functions: RBI

The RBI said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions

Let's step back from the NPA Scare

Regulators and agencies need to instil less fear in lenders, so that they are able to actively restructure debts

Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront

Jagdishan took over from his larger-than-life mentor Aditya Puri

Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%

The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands

HDFC Bank draws up groundwork to regain credit card market share

Will come back with a bang once RBI lifts freeze, says bank

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

Good show by banks but can they sustain it?

Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic

How Bhavin Turakhia is building a 'bank in a box' stack for global markets

His firm Zeta aims to enable users to run any program--credit or debit card, savings a/c, deposits, loans, on a single modern cloud native platform without having to leverage any other vendor

The road ahead for State Bank of India

The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance

State Bank of India's domestic advances growth rebounds to 5.67% in FY21

SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021

'Iron fist needed': Congress slams Centre for 'weakening banking system'

The Opposition party has urged that the Centre handle fraudsters with an 'iron fist'

Indian Bank to raise Rs 1,500-crore capital through tier I & II bonds

As of December 31, 2020, total capital adequacy ratio (CAR) stood at 14.06 per cent and tier 1 CAR was at 11.18 per cent

Dual regulation is bad

MFI issues won't be solved by state regulation

Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000

Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day