Page 27 - Banking Industry

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

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