Page 100 - Banking Sector

80% Indian corporate banks to leverage Cloud by 2024: Report

Nearly 80 per cent of corporate banks in India are forecast to run their trade finance and treasury workloads on Cloud by 2024, said a new IDC report

Bank unions plan march towards Parliament in Mar to protest privatisation

Bank unions on Friday staged protest in all the state capitals

IDFC First Bank gets board approval for Rs 3,000 crore fund mop-up

Private sector IDFC First Bank on Thursday said its board has okayed raising up to Rs 3,000 crore through various means.

Ranbaxy-Daiichi case: SC asks lenders to place loan records of promoters

The Supreme Court Thursday directed 17 banks and financial institutions of former Ranbaxy promoters Malvinder and Shivinder Singh to place on record the paperwork related to the loans in question

IndusInd Bank gets Rs 2,021 crore capital boost from promoters

The firm has received Rs 2,021 crore equity from the promoters after the conversion of preferential warrants into equity shares

Billionaire Hinduja family pays 61% premium to boost IndusInd stake

The family's holding in the lender shrank to 13% following its merger with the nation's largest microlender Bharat Financial in July 2019

Government to infuse Rs 1,500 crore into Exim Bank next fiscal

The Centre has decided to infuse Rs 1,500 crore capital into state-owned Export-Import Bank of India (Exim Bank)

Govt to bring amendments to two Acts to enable privatisation of PSU banks

To facilitate privatisation of public sector banks, the government is likely to bring amendments to two legislations later this year

ICICI to buy over 9% stake in fintech startup Thillais Analytical Solutions

The firm said it has entered into an agreement with fintech startup Thillais Analytical Solutions Pvt Ltd to buy 9.65 per cent stake in the company

Indian Bank integrates core banking software of erstwhile Allahabad Bank

Indian Bank on Monday said it has successfully integrated the software system with the erstwhile Allahabad Bank post the amalgamation

Reserve Bank of India forms expert panel for urban co-operative banks

The RBI has constituted an expert committee under the chairmanship of its former Deputy Governor N S Vishwanathan

Financing the recovery: Are banks in a position to partner India Inc?

The FSR projects a sharp increase in banks' gross non-performing assets by September 2021

How did a five-member external jury select the BS Banker of the Year?

The jury picks Shyam Srinivasan for Federal Bank's consistency of performance

We are a digitally relevant, contemporary franchise: Federal Bank CEO

I am ready to play the long game, which means that sometimes governance takes premium overshort-term tradeoffs , says CEO Srinivasan

BS Technology Round Table: Covid-19 pandemic sends digital payments soaring

At the Business Standard Unlock BFSI 2.0, leading minds of the payments industry and fintech players discuss the opportunities and challenges thrown up by Covid

Only banks can provide retail push to G-Secs

Retail investors need banks to play the role of market maker, facilitate KYC, and turn G-Sec into an FD-like product from the government

Decoded: What are pro forma NPAs and how does that impact borrowers?

An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis

Economic recovery lowers risk of PSBs' asset quality deterioration: Moody's

Moody's Investors Service on Thursday said India's economic recovery reduces the risk of a sharp deterioration in public sector banks' asset quality

YES Bank will stay away from large corporate borrowers: CEO Prashant Kumar

Says foreign firms keen to invest in proposed ARC

Bank of India Q3 net profit jumps over five-fold to Rs 540.72 cr

The firm reported a more than five-fold jump in standalone net profit for the quarter ended in December