Page 49 - Banking Sector

RBI tweaks rules to standardise filing of supervisory returns by banks

Previously, banks had to submit all audited returns to the RBI within seven days from the date of the completion of statutory audit of books of accounts

Maruti Suzuki, Union Bank of India partner for dealer financing solutions

Maruti Suzuki India on Tuesday said it has inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the auto major said in a statement. MSI (Maruti Suzuki India) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said the automaker takes great care in nurturing its dealer network. "We proactively align our efforts in meeting the evolving demands of customers and the market, " he added. The company's partnership with Union Bank of India since 2008, has steadily evolved and reached a significant milestone of facilitating over 3,00,000 car finance cases till date, Srivastava said. "As a next milestone of our association, we are entering into an inventory funding Memorandum of Understanding (MoU) which will focus on innovative financing solutions for dealer partners," he added. Union Bank of India Managing Director & CEO

RBI should look favourably to allow NBFCs access deposits: Experts

At the Business Standard BFSI Insight Summit 2023, the chiefs shared their views during a panel discussion on 'Catch-22 - To be or Not To Be A Bank'

Balance sheets of SFBs are larger than those of universal banks: Panel

Participants at a panel discussion at the Business Standard BFSI Insight Summit 2023 say that SFBs need diverse product lines

BS Banking Annual 2024: Why banks can't be technology companies

CEOs of India's largest private and foreign banks say their business is 'unique, trust is its most important word'

While competing hard for money, interest rate risks under control: Khara

Khara spoke at the 'Business Standard' BFSI Insight Summit 2023 about how the state-owned is carefully looking at interest rate risk

Financial markets must play long term, like Rahul Dravid: Shaktikanta Das

Das spoke on a host of issues: talent retention and salaries of bank chief executives, potential risks to growth, cryptocurrencies, corporate governance and internationalisation of the rupee

Poised for lift-off: The India's banking system is in a sweet spot

The Reserve Bank of India (RBI) has of late voiced its concerns over the growth in the unsecured retail segment, which has outpaced secular credit growth

Banks await RBI approval for appointing second whole-time director

Few need time as no regulatory approval yet for new CEO

Citigroup hires JPMorgan's Viswas Raghavan as head of banking, exec VC

Raghavan, who is expected to start at the bank in summer, will also join the firm's executive management team and report directly to Fraser, Citigroup said in an internal memo Monday

Uttar Pradesh govt asks banks to increase credit flow in state economy

The CD ratio currently stands at 59 per cent, lower than the national ratio of 80 per cent

How long will the bull run continue for PSU banks?

In the past one year, the S&P BSE Bankex has been up 17.63 per cent and the Bank Nifty 17.04 per cent. But the Nifty PSU Bank index has risen close to 95 per cent!

RBI's action on Paytm PB puts the spotlight on a few lingering issues

Should there be a revisit of the domestic-systemically important bank (D-SIB) framework, and is there a case for this to be widened to cover more kinds of regulated entities (REs)?

RBI allows banks, non-banks to issue PPIs for public transport systems

The regulator amended guidelines for prepaid payment instruments for mass transit systems (PPI-MTS). It said such PPIs can be issued without Know Your Customer (KYC) verification of the holders

@Paytm UPI handles to be smoothly migrated from Paytm Payments Bank: RBI

NPCI asked to help Paytm app continue operations

RBI receives bids worth Rs 2.08 trillion at the 13-day VRR auction

RBI will conduct a 3-day VRR auction on February 26 to infuse Rs 1.5 trillion into the system

Jana SFB Q3FY24 results: Net profit rises 12.82% to Rs 134.64 crore

Its net interest income rose by 24.4 per cent Y-o-Y to Rs 548.5 crore in Q3, up from Rs 440.8 crore in Q3 FY23

RBI to conduct 13-day VRR auction to infuse Rs 1 trillion on Friday

Despite the slew of VRR auctions being conducted by the RBI since February 8, the persistent liquidity deficit in the banking system has been largely around Rs 2 trillion in the period

Bandhan Bank appoints Rajeev Mantri as CFO effective from February 22

Ghosh took charge as the Interim CFO from October 20, 2023, after Sunil Samdhani resigned from the post of CFO effective September 30, 2023, to explore opportunities outside the bank

HSBC pre-tax profit up 19% in India for FY23, more profitable than China

China's pre-tax profit plummeted 89% Y-o-Y to $371 mn in 2023 from $3.40 bn in 2022 due to losses the bank suffered in its wealth management, personal banking and corporate centre verticals