Page 25 - Banking Industry

DCB Bank acquires equity stake in Bengaluru-based Techfino Capital

DCB Bank Limited announced on Wednesday that it has acquired a minority equity stake of approximately 9% in Bengaluru-based NBFC company Techfino Capital Private Limited

Banks will need to refund Rs 4,500 cr compound interest to borrowers

This follows Reserve Bank of India's directive to banks to refund compound interest levied during six-months moratorium, according to Kotak Institutional Equities

Second Covid-19 wave and lockdown lesser disruptors for banking sector

Valuations may not correct much here on as Street factors for less than 10 per cent growth for FY22

Leading private banks to cancel auto-debit payments from April 1

RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in fines

Retail loans set to become largest segment for Indian banking industry

Lenders depending on personal loans rather than industrial credit

IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future

India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over

Bad bank may follow Swiss challenge method for price discovery of assets

Plan aimed at price discovery of assets; IBA working closely with FinMin, RBI

Too many questions on bad bank and infra DFI

Why do we need a bad bank, owned by the banks themselves, when there are at least 28 ARCs around?

Best of BS Opinion: This Budget 2021, India's banking industry, and more

Here are the best of BS Opinions of the day

Banks need to hire chief risk officers to deal with cybercrimes: Deloitte

The banking industry needs to upgrade its IT infrastructure and appoint experienced chief risk officers to effectively deal with incidence of cybercrimes, says a report by Deloitte India

Credit Suisse taps Lloyds Bank chief António Horta-Osório as next chairman

Rohner, 61, departs Credit Suisse as expected after reaching a 12-year term limit on the board

SC rejects Chanda Kochhar's plea against termination as CEO from ICICI Bank

The Supreme Court rejected the appeal filed by Chanda Kochhar against the Bombay High Court order which had dismissed her plea against being removed as the managing director and CEO of ICICI Bank

Voice is the new normal: Now, you can ask Alexa, 'What's my bank balance'

Voice banking will provide convenience, but use Alexa and Google Assistant via secured APIs

Letter to BS: Negotiation between banking industry and unions is inadequate

The Indian Banks Association has been trying to link pay with performance for the last so many years

Urban cooperative banks' business size may be capped at Rs 20,000 cr

R Gandhi and Y H Malegam report to be the bedrock of new guidelines

Private banks score on core operations, better control over bad debt in Q2

While profit before tax grew 68.1%, net profit showed an increase of only 1.4%

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

Bank digitisation creates new jobs: Robot programmer to blockchain expert

The shift towards digitisation has also led to the growing importance of digital officer

Banking industry wage pact unlikely by month-end

Banks want wages to be linked to productivity rather than the present practice of automatic hikes in wages based on tenure

Bullet train, other projects to aid debt-laden banks' recovery: SBI chief

Said preparation of detailed project reports take time, so benefits would be reflected in the books of the bank in due course