Page 61 - Banking Sector

Expect 25% slippages from restructured book: South Indian Bank MD & CEO

The bank is targeting double digit growth, Murali Ramakrishnan, MD & CEO of South Indian Bank said

Six years after demonetisation, deployment of ATMs set for biggest spike

ATM deployments had hovered between 225,000 and 235,500 units, before sniffing the 260,000-mark recently

60% in survey report personal data breach by their loan service provider

Four out of 10 in LocalCircles study point finger towards insurance providers or banks

Govt raises PSB CEO term to 10 years, seeks younger talent at the top

A candidate can be appointed for 5 years initially, extendable for another five years; this is also applicable for executive directors who are also wholetime directors

Axis Bank launches 7th edition of knowledge summit 'Evolve' for MSMEs

The current edition is focused on the broader theme of 'Indian SMEs: Shifting Gears for Next Level Growth'

We're moving away from volatile corporate bulk deposits: RBL Bank MD & CEO

In a Q&A, R Subramaniakumar dwells on the lender's strategy to fuel growth in credit cards and microfinance, and plans to mop up deposits in an increasingly difficult market

Why is the RBI governor worried about deposit growth?

Gauging sustainability of the credit growth in banking sector and the slow growth in deposits will be on the agenda of RBI Governor's meeting today. Why has deposit growth become a cause for concern?

Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit

With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth

Bank borrowings up 2x amid rush to fund credit growth, shows RBI data

As liquidity shrinks, lenders' reliance on short-term funding routes increases

India considers plan to reduce short-term borrowing as yields surge

The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter

Banks go slow on bond sales as rising interest rates push up costs

The decision to go slow on these fund-raising plans - despite the booming credit growth - came at a time when bond market conditions turned turbulent

Amalgamation-bound HDFC twins soar more than 5% each on MSCI tweak

Both stocks were the biggest gainers in both the Sensex and Nifty indices and accounted for nearly half of the gains made by these indices

Suryoday SFB reports Rs 13-cr Q2 net against Rs 1.92-cr loss a year ago

On a sequential basis, the bank's net profit rose 67.7 per cent from Rs 7.75 crore in April-June

Bank of Baroda slashes home loan rates by 25 bps for limited period

New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders

Union Bank of India secures second rank on IBA's EASE reforms index

/ -- Union Bank of India is ranked 2nd as per the report on EASE Reforms Index for Q1 FY 2022-23 by Indian Banks' Association (IBA). Union Bank of India is the 2nd Best Bank in adopting reforms prescribed for Public Sector Banks. Union Bank of India has been doing well in areas related to enabling various digital journeys for customer convenience, upgrading analytics & big data capabilities for personalized offerings & proactive reach out to customers, adopting modern technology capabilities for integrated banking experience, collaborative banking for higher efficiency, employee development and better governance measures resulted in Bank improving its rank up by two notches. The performance of PSBs is measured on five themes under EASE 5.0, in which, Union Bank of India has set the benchmark under the two themes i.e., 'Modern Technology Capabilities' and 'Employee Development and Governance'. The bank has also achieved 1st runner-up position in theme 'Digitally - enabled ...

Adani, Reliance among 15 bidders in race to buy Future Retail's assets

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest

Bombay HC: Prima facie removal of Kochhar as ICICI Bank CEO valid

In the order the Judge said that the bank was justified in revoking acceptance of early retirement of Kochhar as they had accepted it without having complete knowledge of the facts

Bank of England's forecasts under fire from former UK rate-setters

Five former Bank of England rate setters have attacked their old employer for going soft on inflation despite hiking borrowing costs last Thurday to a 14-year high

Dhanlaxmi appoints 3 new directors in board, paves the way for rights issue

The bank management and shareholders have reached compromise formulae on the issue of appointing the latter's representatives as directors on the bank's board

Chief labour commissioner to meet bank unions on proposed Nov 10 strike

Banks notices say normal services could get affected but they are taking action to keep work going