Page 69 - Banking Sector
Let customers enjoy freedom from banks' tyranny
The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market. But, there is no end to the harassment of customers
Bank Locker Rules: Here's everything you should know to protect your assets
The Reserve Bank of India regularly updates rules for improving the safety and convenience of the bank customers. These are the Bank locker rules that everyone should know.
 "Bank Locker Rules: Here's everything you should know to protect your assets")
In unclaimed funds case, Supreme Court issues notice to Centre
A bench of Justices S A Nazeer and J K Maheshwari issued notices to the Ministry of Finance, Reserve Bank of India, SEBI and others on a petition filed by journalist Sucheta Dalal
 "In unclaimed funds case, Supreme Court issues notice to Centre")
RBI asks banks, regulated entities to prevent harassment by recovery agents
No phone calls to borrowers before 8 am and after 7 pm; 'no intrusion of privacy'
 "RBI asks banks, regulated entities to prevent harassment by recovery agents")
Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom
Lender was aiming to raise Rs 127 crore for growth plans
 "Dhanlaxmi Bank's Rs 127-cr rights issue hits fresh roadblock at boardroom")
Centre asks IBA to ready EASE-like plan for regional rural banks
The banks' lobby group has been asked to assist with the preparation of the viability plan for RRBs
 "Centre asks IBA to ready EASE-like plan for regional rural banks")
HDFC Bank's Kaizad Bharucha took home the most among bankers in FY22
Axis' Amitabh Chaudhry the highest paid among bank CEOs
 "HDFC Bank's Kaizad Bharucha took home the most among bankers in FY22")
HDFC Ltd secures $1.1 bn syndicated social loan for affordable housing
This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India
 "HDFC Ltd secures $1.1 bn syndicated social loan for affordable housing")
SBI likely to issue Rs 7,000-cr additional tier-I bonds by August-end
Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth
 "SBI likely to issue Rs 7,000-cr additional tier-I bonds by August-end")
Yes Bank's $1.1-bn capital raise welcome, but challenges remain: Analysts
Yes Bank may receive a rating upgrade now that its financial health has improved with the capital raise, but it will need to focus on keeping its bad loans in check, says ICICI Securities
 "Yes Bank's $1.1-bn capital raise welcome, but challenges remain: Analysts")
Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance
Six leading banks are collaborating with trade finance solution for short-term credit, import payments
 "Infosys Finacle inducted in IFSCA regulatory plan for blockchain finance")
RBI Policy: How has inflation fared since the last monetary policy meeting?
Ever since the RBI MPC started to hike the repo rate in May, CPI inflation has eased from 7.79 per cent in April to 7.01 per cent in June
 "RBI Policy: How has inflation fared since the last monetary policy meeting?")
Bank of Baroda Q1 net profit increases 79.3% to Rs 2,168 crore; NII up 12%
Posts 12% YoY growth in net interest income; Bad loan Provisions down on improved asset quality
 "Bank of Baroda Q1 net profit increases 79.3% to Rs 2,168 crore; NII up 12%")
Changes in rules from August 1: LPG cylinder price, BoB payment scheme
August will be full of shocks and surprises as there will be some changes in rules, banks closed for 18 days, a change in the Bank of Baroda cheque payment system and the introduction of PPS
 "Changes in rules from August 1: LPG cylinder price, BoB payment scheme")
PNB raises asset quality guidance, aims to lower net NPA to 3.5% by March
Gross NPAs reduced to 11.27% in April-June quarter from 14.33% a year ago; eight accounts worth Rs 2,486 cr will be transferred to NARCL
 "PNB raises asset quality guidance, aims to lower net NPA to 3.5% by March")
Bank Holidays in August: Everything to know about August 2022 holidays
Indian Banks will be closed for 18 days in August 2022. Muharram, RakshaBandhan, Janmashtmi, TendongLho Rum Faat, Prakash Utsav, Jhoolan Purnima and a lot more. Here, we have included the bank holiday
SBI Card net profit more than doubles to Rs 627 crore in June quarter
SBI card shares of the lender were trading 4.2 per cent higher than the previous day's close at Rs 926.1
 "SBI Card net profit more than doubles to Rs 627 crore in June quarter")
China banks rush to raise debt as slowdown hikes potential bad loans
A record amount of fresh money has come from financial markets in China, with banks selling 29% more bonds in the first half of the year compared to last year
 "China banks rush to raise debt as slowdown hikes potential bad loans")
IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Currently, the RBI guidelines require promoters to reduce their shareholding to 26 per cent in 15 years
 "IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage")
Want to cut govt stake in Union Bank to at least 75%: CEO A Manimekhalai
The government holding is about 83 per cent and the Life Insurance Corporation has 7 per cent
 "Want to cut govt stake in Union Bank to at least 75%: CEO A Manimekhalai")