Page 103 - Banking Sector

Can we bank on the Budget?

The onus of reigniting India's growth engine is on the banking system. Will the Budget fuel it

HDFC Bank submits action plan to RBI, hopes to fix outage issue in 3 months

The bank hopes to improve its technology platform in three months

Indian Bank gets board approval to raise Rs 4,000 cr from share sale

The bank looks to enhance its capital base

PMC Bank case: Enforcement Directorate searches 5 locations in Mumbai

ED on Friday carried out searches at five locations, including the premises of Mehul Thakur

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Sebi penalises HDFC Bank for wrongly invoking pledge of securities

Sebi has imposed a penalty of Rs 1 crore

Punjab & Sind Bank reports fraud of Rs 94 crore in NPA account

Punjab & Sind Bank on Thursday reported a fraud of Rs 94.29 crore in an NPA account of Supertech Township Projects. In a regulatory filing, the state-owned lender said it has reported the fraud to the Reserve Bank of India (RBI). "...it is informed that an NPA Account, viz M/s Supertech Township Projects Limited with outstanding dues of Rs 94.29 crore has been declared as fraud and reported to RBI today as per regulatory requirement," the Delhi-headquartered bank said. The account has been fully provided for as per the existing RBI norms, it added.

Federal Bank Q3 profit falls 8% to Rs 404 crore on higher provisioning

The bank earned net interest income of Rs 1,437 crore in Q3, against Rs 1,155 crore a year ago

Federal Bank third quarter profit declines 8% to Rs 404 crore

The fall was mainly due to higher provisioning for bad loans

Citi India elevates Arjun Chowdhry as head of its consumer banking biz

Chowdhry will manage the domestic retail banking, wealth management, credit cards, loans and mortgages

The zero MDR has affected the PoS business: Worldline's Deepak Chandnani

India has some 5.2 million PoS units, but a country of our size needs more, DEEPAK CHANDNANI, managing director, Worldline (South Asia and the Middle East), tells Raghu Mohan

Short-term interest rates increase 25-30 basis points, shows data

The reason why short-term rates have spiked is liquidity normalisation

Banking: Yesterday, today and tomorrow

With the customer spoilt for choice, the option for the banking industry in the new decade is between going digital or dying

Immobilise unregistered digital lending apps

Forget lack of faith, there is fear of the law enforcement machinery even among educated, sophisticated, middle-class people

HDFC Bank's Q3 net profit surges 18% on growth in net interest income

Provisions and contingencies of the lender increased 12 per cent year on year

HDFC Bank third quarter net profit rises 14.36% to Rs 8,760 crore

HDFC bank is the largest private sector lender in India

RBI likely to propose stricter regulations for shadow banks: Report

RBI looks to strengthen solvency and sustainability of a sector that has been showing signs of stress in recent years

Wells Fargo records rare profit beat helped by stabilising credit costs

Wells has operated under a dark cloud since 2016, when details emerged about millions of phony accounts employees had created in customers' names

Citigroup quarterly profit beats estimates as loan loss provisions slow

Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

JPMorgan profit jumps 42% on reserve release, investment banking strength

The big US lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses