Page 58 - Banking Sector

BS BFSI Insight Summit: Who's who of PSBs to take part in panel discussion

From State Bank of India Chairman Dinesh Kumar Khara to Sanjiv Chadha, MD & CEO, Bank of Baroda, here is the list of panelists from public sector banks of India at BSFI Insight Summit

BS BFSI Insight Summit 2022: RBI Deputy Guv M Rajeshwar Rao to speak

Rao looks after the Department of Regulation, the Department of Communication, the Enforcement Department, the Inspection Department, the Legal Department and the Risk Monitoring Department

BS BFSI Insight Summit: Top pvt bank execs to take part in panel discussion

From Amitabh Chaudhry, MD & CEO, Axis Bank to Rakesh Sharma, MD & CEO, IDBI Bank here is the list of panelists from private sector banks of India at BSFI Insight Summit

BS BFSI Insight Summit 2022: Who's leading the way in banking technology?

From Ranjeeth Bellary, Partner, EY Forensic & Integrity Services to Rajsri Rengan, HoD - Banking & Payments, India & Philippines, FIS here are panelists who will speak on Technology in Banking

BS BFSI Insight Summit 2022: Meet the leaders of digital, payments banks

From Airtel Payments Bank's COO Ganesh Ananthanarayanan to Parag Rao, Country Head for Payments Business, Consumer Fin, Digital Banking at HDFC Bank, here are panelists from digital & payment banks

BS BFSI Insight Summit 2022: SFB leaders discuss big dreams of small banks

Here is the list of leaders from Small Finance Banks on panel for the BS BFSI Insight Summit 2022

Liquidity slips into deficit; RBI cash injections at over one-month high

Tax outflows drive tightness; banks face pressure to raise deposit rates

Gadkari wants surety bond insurance, not bank guarantee for infra projects

Launches country's first surety bond product, says instrument offers relief to contractors; govt has built in safeguards to protect insurers as well

To woo customers, HDFC Bank aims to issue 1 mn credit cards every month

The bank wants to double the current pace of half a million new credit card issuances every month, according to Parag Rao, country head for payments business

RBI went beyond just housekeeping with some bold moves in 2022

It's a landmark achievement, so far as the functioning of the economy is concerned: RBI Governor on CBDC

IDFC First Bank announces waiver of charges on customer-centric services

Private sector IDFC First Bank has announced waiver of charges on a number of customer-centric services such as cash deposits, withdrawals, demand drafts, IMPS and SMS alerts, among others ahead of its Foundation Day on Sunday. On the occasion of its Foundation Day on 18th December, IDFC First Bank has announced 'Zero-fee banking' on savings accounts, the bank said in a release on Saturday. The lender said it has waived fees on 25 commonly used banking services related to savings accounts such as cash deposit and withdrawal at branches, third party cash transactions, demand drafts, IMPS, NEFT, RTGS, cheque book, SMS alerts, interest certificates, insufficient balance for ATM transactions, international ATM usage and so on. Customers maintaining as low as Rs 10,000 average monthly balance and Rs 25,000 AMB in savings accounts will be offered these services free of cost. This will benefit all customers, and particularly those with lesser financial literacy who find it difficult to ..

Digital lenders seek cap on default loss guarantee models from RBI

They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright

RBI's forex reserves rise for fifth straight week to $564.07 billion

According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves

Bank credit grows 17.5% in a fortnight; deposits up 10%: RBI data

Country's largest lender State Bank of India (SBI) raised deposit rates by 15-100bps, the maximum increase being for bulk deposits

NBFC-MFIs overtake commercial banks in micro loan market share in Q2

One reason for this shift in trend could be that banks faced challenges in managing this asset class, especially after the outbreak of the Covid-19 pandemic and the resultant lockdowns

IDBI Bank third lender to drag Siti Networks to bankruptcy court

Yet to receive notice from NCLT, firm says; HFDC, IndusInd Bank had filed petitions earlier

SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth

Bank intends to raise before Mar23 though approval is till 2024

YES Bank re-enters top-100 most valued firms list; stock up 30% in 3 days

At 12:52 pm; with market-cap of Rs 57,380 crore, YES Bank stood at 92nd position in overall market-cap ranking, the BSE data shows

Digital lending apps: RBI received 13,000 complaints against banks, NBFCs

The grievances, filed under RBI's integrated ombudsman scheme of 2021 between April 2021 and Nov 2022, also cite harassment by recovery agents

Govt may extend bid submission deadline for stake sale in IDBI Bank

January 2023 could be new date following requests from transaction advisor