Page 33 - Banking Sector

Bank of Maharashtra launches VKYC for remote account opening; check details

To ensure a smooth experience, have your Aadhaar number, PAN card soft copy, linked mobile number, and signature ready

CS Setty: Soft spoken village boy set to occupy SBI's corner office

CS Setty is currently looking after international banking, global markets & technology portfolios

Balancing act: Can the new HDFC Bank regain its pre-merger old glory

After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward

FSIB recommends Challa Sreenivasulu Setty as next chairman of SBI

Dinesh Khara, the current chairman of SBI, is set to retire on August 28

Banks' gross NPA ratio falls below 3%, a first since 2012: RBI report

Lenders set to meet minimum capital need even under severe stress

RBI's action against regulated entities rises even as amounts fall

According to Financial Stability Report, the enforcement action by the banking regulator increased to 161 entities in December 2023 - May 2024 from 146 entities in June 2023 - November 2023

Banks' LCR declines to 130% from 135% between September, March: RBI

The RBI report says that banks' efficiency indicators weakened due to rising staff costs and increased cost-to-income ratio

Employee associations demand merger of RRBs with respective sponsor banks

There are now 43 RRBs sponsored by 12 scheduled commercial banks with around 22,000 branches, operating approximately 30 crore deposit accounts and 3 crore loan accounts across 702 districts

Banks may rework PSL plans for districts as RBI tweaks incentive structure

In a notification last week, RBI said the lists of districts have been updated after a review. These lists will remain valid until FY 2026-27

India at cusp of structural growth shift, says RBI gov Shaktikanta Das

The Indian economy recorded a growth of 8.2 per cent in FY24 and averaged 8.3 per cent in the last three financial years

RBI inducts addl director on Bandhan Board ahead of CEO Ghosh's retirement

Ex RBI CGM Arun Kumar Singh appointed for one year to ensure smooth leadership transition

Kotak Mahindra Bank to add up to 200 branches in FY25, says report

India's fourth-largest private lender will target the pockets where there is easy availability of deposits, the official said, adding that customer acquisition through branches is seeing good traction

FSIB to conduct interviews for chairman's position of SBI on Saturday

FSIB will recommend the name and the final decision would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi

Chinese, Indian banks' efficiency erodes as expenses outpace income: S&P

Indian lenders invested heavily in expansion, opening new branches, adding customers and boosting technology infrastructure to continue as the fastest-growing major economy in the world

Tweak draft project loan financing norms

Instead of a blanket 12-fold jump in the provision requirement, the RBI can ask lenders to create project finance reserves on their balance sheets

Shorter duration to comply reason for banks' delay to join BBPS

Payments industry hoping for an extension of the deadline

Indian banks are strong enough to support growth

While the share of retail loans has increased, they are anchored in secure home loans

Bank-NBFC interconnectedness poses systemic risks: RBI ED Lakshmi Kanth Rao

"Sector needs strong regulatory standards to ensure no gaps"

Growth is important, but not at cost of unacceptable risks: RBI governor

Business models designed for profitability could contain vulnerabilities that may not be apparent, says Shaktikanta Das

Banks urge RBI to separate pvt, public infra projects in financing norms

Banks are dissatisfied with this arrangement and prefer a graded approach with an initial allocation requirement of 1-2 per cent, which is an increase from the current requirement of 0.4 per cent