Page 7 - Banking Sector
Govt extends tenure of SBI MD Ashwini Kumar Tewari for another 2 years
The government has extended the tenure of State Bank of India Managing Director Ashwini Kumar Tewari for another two years. The central government re-appoints Ashwini Kumar Tewari as Managing Director in State Bank of India (SBI) with effect from the date of his assumption of charge of the post, beyond his currently notified term, which is ending on January 27 2026, till the date of his superannuation that is December 31, 2027, the state-owned lender said in a regulatory filing on Wednesday. This is the second time that Tewari got a two-year extension. The first time he got an extension was in 2024. He was appointed as MD of SBI in January 2021 for an initial three-year term. The SBI board is headed by the Chairman, assisted by four managing directors.
 "Govt extends tenure of SBI MD Ashwini Kumar Tewari for another 2 years")
Global shadow banking assets cross $250 trn as watchdog warns on data
Within non banks, the fastest growth was in trust companies, hedge funds, money market funds and other investment funds, which all posted double digit rates of growth
 "Global shadow banking assets cross $250 trn as watchdog warns on data")
Banks asked to offer basic services to customers at all branches
Lenders nudged to cut charges and maintain uniformity
 "Banks asked to offer basic services to customers at all branches")
Banks step up borrowing via CDs amid deposit tightness; raise ₹77,875 cr
Outstanding CD issuance tops record ₹5.7 trn during the period
 "Banks step up borrowing via CDs amid deposit tightness; raise ₹77,875 cr")
Fino Payments Bank will adopt a cautious approach to lending: MD & CEO
Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core
 "Fino Payments Bank will adopt a cautious approach to lending: MD & CEO")
Banks cut loan rates for retail segments after RBI's 25-bps repo cut
Lending rates linked to external benchmarks drop from Dec 6, offering relief to home, vehicle, and personal loan borrowers
 "Banks cut loan rates for retail segments after RBI's 25-bps repo cut")
RBI to maintain ample banking liquidity without targeting surplus levels
Net liquidity in the banking system was in a surplus of ₹2.6 trillion on Thursday, latest RBI data showed
 "RBI to maintain ample banking liquidity without targeting surplus levels")
Under pressure bank NIMs to squeeze further after RBI's 25 bps cut
Banks may face further margin pressure as repo-linked loan rates reset faster than deposits, though liquidity support and CRR cuts could soften the impact in Q4
 "Under pressure bank NIMs to squeeze further after RBI's 25 bps cut")
 "RUGR Panorama AI Debuts at BFSI Insight Summit 2025: Ushering a New Era of Intelligent Banking")
In a first, complaints against private banks exceed PSBs in FY25
Private banks drew more complaints than state-owned lenders for the first time in FY25, as overall grievances under RBI's Ombudsman Scheme rose sharply
 "In a first, complaints against private banks exceed PSBs in FY25")
Loan growth, profitability seen improving for public sector banks
Public sector banks are poised for improved credit growth, lower stress costs and stronger profitability as margins stabilise and policy support boosts lending momentum
 "Loan growth, profitability seen improving for public sector banks")
Big banks, or more agile banks? Sector ripe for disruption amid tech shift
As data, payments, and deposits shift to tech giants, regulators must rethink corporate ownership and competitive rules
 "Big banks, or more agile banks? Sector ripe for disruption amid tech shift")
Relax, enjoy the dawn of the AI era, and disregard frightening headlines
From 1980s fears over banking computerisation to today's worries about AI, the author argues that technological change inspires anxiety before it ultimately reshapes society for the better
 "Relax, enjoy the dawn of the AI era, and disregard frightening headlines")
Banks' good run on, but there are challenges despite profit growth
As a group, the PSBs showed better growth both in advances and deposits compared with their private peers. Will they be able to keep the momentum going and grow their market share?
 "Banks' good run on, but there are challenges despite profit growth")
Canara Bank to raise ₹3,500 crore via AT-1 bonds in FY's first issue
Canara Bank is set to raise up to Rs 3,500 crore through AT-1 bonds on November 25, likely the first such issue of the financial year, as falling yields revive activity in the domestic debt market
 "Canara Bank to raise ₹3,500 crore via AT-1 bonds in FY's first issue")
RBI's 10% Tier-I cap on acquisition financing restrictive, say bankers
Experts suggest 30% equity contribution should include preference shares and convertible instruments
Are banks still seeing a seasonality factor in deposits and credit?
The popular view is that the second half of the year sees a bump in credit on account of the festive and wedding seasons. We examine if the data backs up this perception
 "Are banks still seeing a seasonality factor in deposits and credit?")
Yes Bank: A collective win
How in saving Yes Bank, India's financial system reaffirmed its ability to act with purpose
 "Yes Bank: A collective win")
After ₹100 trillion biz, SBI enters $100 billion market capitalisation club
Entering top 10 global banks by m-cap by 2030 next aim, says Chairman Setty
 "After ₹100 trillion biz, SBI enters $100 billion market capitalisation club")
Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'
The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks
 "Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'")