Page 101 - Banking Sector
Mortgage lender HDFC to raise up to Rs 5,000 crore through bonds
The firm will issue non convertible debentures (NCDs) on a private placement basis
 "Mortgage lender HDFC to raise up to Rs 5,000 crore through bonds")
IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit
The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year
 "IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit")
UK banks face savings glut on road to Covid-19 pandemic recovery
More deposits help shore up bank finances, but are not necessarily good news for lenders
 "UK banks face savings glut on road to Covid-19 pandemic recovery")
IDBI Bank to set off accumulated losses worth Rs 45,586-crore
The issued, subscribed and paid-up share capital is worth Rs 10,752.40 crore and the security premium is of Rs 50,732.27 crore.
Citibank likely to hive off consumer banking business in India
Reorganising global consumer operations on the table of new CEO
 "Citibank likely to hive off consumer banking business in India")
PM harps on trust and transparency for depositors, investors in fin sector
Says banking sector was badly hit 12 years ago due to aggressive lending; but now instead of brushing NPAs under the carpet, it is mandatory to report even one-day defaults
 "PM harps on trust and transparency for depositors, investors in fin sector")
Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data
Deposits rose 11.8%
 "Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data")
Proposed ARC will not 'jeopardise' existing players: RBI governor
The ARC will not 'jeopardise' the activities of existing players in the space, Das said on Thursday
 "Proposed ARC will not 'jeopardise' existing players: RBI governor")
Centre lifts embargo on grant of govt businesses to private banks
Move will spur competition, promote efficiency in customer service standards
 "Centre lifts embargo on grant of govt businesses to private banks")
India's economic recovery to cut bank stress, but Covid hit to be felt: S&P
While the Indian economy is on a mend, the permanent GDP loss stemming from the brunt of the coronavirus is huge at 10 per cent
HSBC's India pretax profit in 2020 inches up to $1.02 billion
India is the third most profitable region for the lender after Hong Kong and mainland China
 "HSBC's India pretax profit in 2020 inches up to $1.02 billion")
Top banks asked to justify why they still clear euro swaps in London
Banks are being asked to say which types of the derivatives they clear in Britain they would consider "the easiest to clear" at an EU clearer instead, a sign of a potentially targeted approach
 "Top banks asked to justify why they still clear euro swaps in London")
Federal Bank aims 'mid-teen' growth in credit for fiscal 2022
The firm is aiming for an acceleration in credit growth into 'mid-teen' figures in 2021-22
 "Federal Bank aims 'mid-teen' growth in credit for fiscal 2022")
HSBC to announce exit from US retail banking, reshuffles top jobs
HSBC on Tuesday is set to report an expected plunge in annual profits reflecting the impact of the Covid-19 pandemic
 "HSBC to announce exit from US retail banking, reshuffles top jobs")
Unsecured loans come back to haunt private banks after 13-year gap
ICICI Bank, Axis, among others see rise 'proforma' slippages in Q3
 "Unsecured loans come back to haunt private banks after 13-year gap")
SBI Payments to launch YONO Merchant app for low-cost payments
SBI Payments is a subsidiary of India's largest lender State Bank of India
 "SBI Payments to launch YONO Merchant app for low-cost payments")
SC gives RBI six months to lay down regulations for locker facility
The court held that banks cannot wash off their hands towards their customers for the operation of lockers
 "SC gives RBI six months to lay down regulations for locker facility")
Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India
Private sector lender Karnataka Bank on Friday said it has reported to the RBI a fraud of about Rs 34.16 crore in credit facilities extended to IL&FS Transportation Networks, which is a dud account now. "The bank has reported to RBI (Reserve Bank of India) a fraud in the credit facilities extended earlier to IL&FS Transportation Networks Ltd with an outstanding balance of Rs 34.16 crore (defaulted entity)," Karnataka Bank said in a regulatory filing. The lender said IL&FS Transportation had availed credit from it during 2016 under multiple banking arrangement in which Karnataka Bank was one of the members. During 2018, the borrowing account was classified as non-performing asset and has been fully provided for, it added. Karnataka Bank stock closed 0.72 per cent down at Rs 69.40 apiece on BSE.
 "Karnataka Bank reports Rs 34.16-crore fraud to Reserve Bank of India")
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
 "80% Indian corporate banks to leverage Cloud by 2024: Report")
Bank unions plan march towards Parliament in Mar to protest privatisation
Bank unions on Friday staged protest in all the state capitals