Page 23 - Banking Sector

We have a huge appetite for India talent, says FICO CEO Will Lansing

The firm is not only scaling up its operations in country by hiring talent and building innovations but is also betting big to tap the India market by providing its technology to some of largest banks

BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath

Business Standard BFSI Summit highlights: Catch all the updates related to the BFSI summit here

BS BFSI Summit: Why go to Mauritius, come to GIFT City, say fund managers

BS BFSI Summit: As GIFT City gains traction, panellists agreed it is well-positioned to become a key player in international finance, transforming India's role in the global financial landscape

Indian banks' microfin loan stress to persist after new regulation: Bankers

Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said

Banking sector to be in sweet spot as long as economy is robust: PSB chiefs

Top public sector bank executives underlined that the customers are now the centrepiece for banks during a panel discussion at the Business Standard BFSI Insight Summit in Mumbai

RBI action specific, doesn't flag systemic concerns: NBFC chiefs at BS BFSI

The RBI recently took a firm stance by halting the loan disbursement activities of four entities cited above with effect from October 21

BFSI Summit: Banks driving deposits with value-added services, says Setty

Slowdown in unsecured loan growth due to rising risk rates: SBI chief

'India a strategic priority for global banks': Foreign bank heads at BFSI

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

BFSI Summit: 'Service key to mobilising deposits, not just interest rates'

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

Public sector bank heads at BS BFSI Summit: The best is still to come

Heads of public sector banks discuss the present and future of the banking sector in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

BFSI Summit: Brainstorming by top minds of financial world to start today

Three-day event to explore India's potential and pathways to achieve it

Incremental CD ratio moderates to 77.7%, lowest in nearly 30 months

Meanwhile, the outstanding CD ratio has moderated to 79 per cent from 80.3 per cent in March 2024

BFSI sector leasing projected to be over 11 mn square feet in 2024: JLL

Global players are involved in about 65 per cent of BFSI leasing activity in India

P2Ps see rising customer interest ahead of T+1 deadline on November 14

Despite continuity in business operations, companies are proceeding with caution citing investor re-education about new norms

SROs and fintechs: The emerging plot to boost partnerships, shape ecosystem

A critical component of SRO-FT role will be to monitor unethical or dubious practices and take steps to address them

Banking lending to industry up 42.8% in H1FY25; credit to NBFC shrinks

RBI data showed that, in absolute terms, banks lent Rs 1.5 trillion in H1FY25, up from Rs 1.05 trillion in the first half of the previous financial year (H1FY24)

Loan growth moderates in September amid RBI clampdown, shows data

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago

Tamilnad Mercantile Bank Q2 results: PAT grows 10.84% to Rs 303.18 cr

Private sector Tamilnad Mercantile Bank has reported a 10.84 per cent rise in its net profits for the July-September quarter at Rs 303.18 crore, the bank said on Tuesday. The Tuticorin-based over century-old bank had registered net profits of Rs 273.51 crore during the corresponding quarter of last year. For the six month period ending September 30, 2024 the net profits surged to Rs 590.47 crore, from Rs 534.74 crore registered in the year ago period. Total income during the quarter under review grew to Rs 1,564.88 crore, from Rs 1,365.22 crore registered in the corresponding quarter of last year. For the half year ending September 30, 2024 the total income went up to Rs 3,079.75 crore as against Rs 2,688.11 crore registered in the year ago period. In a statement, the bank said the Gross Non-Performing Assets (Gross NPA) decreased to 1.37 per cent by 33 basis points, from 1.70 per cent as on September 30, 2024 while net NPA fell to 0.46 per cent from 0.99 per cent. The Net Interes

Canara Bank's Q2FY25 results: Net profit up 11.31% at Rs 4,014 crore

Guides for pressure on margin for two quarters

SBI Card Q2 results: PAT drops 33% to Rs 404 cr as bad loan provisions rise

SBI Card, backed by India's largest lender State Bank of India, said that write-offs and provisions for bad loans jumped 63 per cent to Rs 1,212 crore for the quarter