Page 25 - Banking Sector

SBI sees sector's personal loan woes easing on tighter credit rules

Private banks and non-bank lenders have grown their personal loan books aggressively but reported an increase in bad loans in the six months through December

Deposit rates drop more in easing phase, lending rates rise in tightening

RBI data suggest that during the tightening period, the transmission on fresh deposits and loans was higher for state-owned banks than for private sector banks

Jubilant likely to raise Rs 5,500 cr via bonds for Coke bottling biz deal

Banking sources said the group is exploring the prospect of issuing debentures

Banks' net interest margins likely to decline further after RBI rate cut

Extent of NIM compression will depend on further rate cuts

Central banks have work to do on price stability and inflation targeting

The consumer price index (CPI) has extensive relevance in people's daily lives. Periodic review of CPI composition and weights assigned will keep it robust and relevant

Banks will wait for next qtr to see if deposit rates can be cut: C S Setty

He said the asset liability committee of the bank will meet this week and the external benchmark linked loans would be reduced from this month itself

NaBFID to raise Rs 30,000 cr during Q4 for funding infra projects: MD

NaBFID Managing Director and Chief Executive Officer Rajkiran Rai G has said it is planning to raise Rs 30,000 crore during the ongoing quarter for funding infrastructure projects in the country. "We were expected to touch Rs 1 lakh crore of (loan) sanction this year (FY25)... we are very close to that, and we will be crossing that target this year," he told PTI in an interview. On the disbursement side, he said, "We are expected to disburse about Rs 60,000 crore this financial year. That target seems a bit challenging because of documentation and other processing." In the infrastructure segment, there is always a gap between sanction and disbursement. National Bank for Financing Infrastructure and Development (NaBFID) raised about Rs 5,000 crore via a 15-year paper. "We are continuously raising money, but it will be linked to disbursements. We may raise up to Rs 30,000 crore this quarter, depending on the requirement," he said. NaBFID, set up in 2021, is a specialised developmen

RBI allows 156 vostro accounts with 26 banks for rupee trade settlement

The government on Friday said so far the RBI has permitted 123 correspondent banks from 30 trading partner countries to open 156 Special Rupee Vostro Accounts (SRVAs) with 26 banks in India to promote bilateral trade in local currencies. The RBI has also entered into local currency settlement system arrangements with select trade partner countries like the UAE, Indonesia and Maldives for encouraging settlement of cross-border trade in rupee and the local bank of the partner country, Minister of State For Commerce and Industry Jitin Prasada said in a written reply to the Rajya Sabha. "As on date, RBI has permitted 123 Correspondent banks from 30 trading partner countries for opening of total 156 SRVAs with 26 AD (authorised deal) banks in India," he said. The government in consultation with the RBI, has taken several steps towards increasing the availability and acceptability of the domestic currency and use of other local currencies for cross-border transactions. This would enable

Sebi-registered non-bank brokers can directly access NDS-OM, says RBI

The RBI on Friday said non-bank brokers registered with market-regulator Sebi can directly access NDS-OM, an electronic trading platform for secondary market transactions in government securities, on behalf of their clients. Access to Negotiated Dealing System Order Matching (NDS-OM), at present is available to regulated entities and to the clients of banks and standalone primary dealers. "With a view to widening access, it has been decided that non-bank brokers registered with SEBI can directly access NDS-OM, on behalf of their clients," the Reserve Bank of India (RBI) said. Sebi registered brokers may access NDS-OM subject to the regulations and conditions laid down by the Reserve Bank in this regard. Meanwhile, the RBI announced the setting up of a nine-member working group on 'Comprehensive review of trading and settlement timings of markets regulated by the Reserve Bank'. The panel, headed by RBI Executive Director Radha Shyam Ratho, will undertake a comprehensive review of

Why RBI has asked banks to change their internet domain name to 'bank.in'?

The Reserve Bank of India (RBI) announced the launch of two domains: '.bank.in' for all Indian banks and 'fin.in' for NBFCs

Bank employees to go on strike March 24 and 25; start protests today

Demands include fresh recruitment at all levels and a five-day work week, says umbrella group of unions

K Balasubramanian to succeed Ashu Khullar as India head for Citibank

Balasubramanian, a seasoned banker, has worked in multiple markets, covering clients across major industries and geographies in India

SBI looks to raise around Rs 5K crore via perpetual bonds before end of Feb

The country's largest lender could have a call option at the end of either five years or 10 years on the issue

Punjab National Bank eyes $1.96 billion bad loan recovery in FY25, says CEO

PNB's asset quality has improved over the last two years, after a debilitating corporate bad loan cycle between 2011 and 2019

Banks loan growth drops for 6th month in Dec as tighter lending curbs weigh

The data showed that banks' credit increased by 12.4 per cent year-on-year last month, slower than the 15.6 per cent rise in December 2023

Union Budget FY26: Key banking amendments in the spotlight, yet again

Among the most-watched moves pertaining to the banking sector will be possible changes to the RBI Act, the Banking Regulation Act and the Banking Companies Act

SFBs ready with systems, governance to become universal banks: MDs & CEOs

One major benefit of becoming a universal bank is that public perception will change

Banks to continue good run with caution and innovation, say PSB CEOs

The economy is very strong and on sound footing and we, as banks, typically mirror the economy

Lenders get to work as India aims to become a $5 trillion economy

How lenders are balancing growth and governance to empower ambitions of 'Viksit Bharat'

Economy well-placed to deal with any spillover from external world: Das

"There are significant upside risks to inflation from geopolitical conflicts, geoeconomic fragmentation, climate-related concerns, and commodity prices going up"