Page 75 - Banking Sector

Fintech platfrom FidyPay partners Yes Bank to push financial inclusion

As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's customers, it said in a release

AU Small Finance Bank looking at 30% asset growth for five years

AU Small Finance Bank plans to raise fresh equity capital in the current financial year depending on market conditions.

RBI may be more open to granting credit card licences to NBFCs: Macquarie

RBI also made it clear that NBFCs will have to take prior approval from the RBI for issuing credit cards to their customers.

Markets open, banks shut: Investors suffered after RBI holiday on Feb 7

Markets remaining open during bank holidays isn't uncommon. However, such days are known well in advance.

CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"

The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.

HDFC giants' merger is a joint-family deal made for a changing India

As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive

On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals

Bandhan Bank's overall collection efficiency ratio stands at 96%

The overall collection efficiency ratio (CER) of private lender Bandhan Bank stood at 96% at the end of FY 2021-22, against 93% in the preceding third quarter, the bank said in a statement on Tuesday

Gupshup acquires Active.Ai to strengthen customer experience solutions

Active.Ai serves BFSI customers across 43 countries with conversational banking as a service platform that helps clients engage with millions of consumers every month

Centre asked to see PIL seeking uniform banking code for forex transactions

The Delhi High Court on Tuesday asked the Centre to seriously look into the issue raised in a PIL seeking implementation of a Uniform Banking Code for foreign exchange transactions

YES Bank's loan book expands by 8.8% to Rs 1.81 trillion in FY22

The pace of growth in deposits on YES Bank was much higher at 21.1 per cent in FY22.

Bad loans to decline to 5.6-5.7% level by March 2023, says ICRA

The credit and other provisions are estimated to dip to 1.3-1.4 per cent of advances in FY23 as against an estimated 1.7-1.8 per cent in FY22

How Axis Bank gains from Citibank: It's about quality of customers

The quality of customers it acquires holds the key to success but the benefits of the buyout could kick in only from FY25

Shifting Citi

India has been a difficult market for foreign banks

Punjab National Bank plans to raise Rs 12,000 crore through bonds

Punjab National Bank (PNB) on Tuesday said its board has approved a proposal to raise Rs 12,000 crore through issuance of bonds to fund business growth.

Centre may seek crypto log on transactions from banks, exchanges

Sale and purchase of digital assets will reflect in the AIS

Banks put in lesser amounts in VRRR auctions ahead of FY22-end

The RBI has been conducting VRRR auctions to manage surplus liquidity in the system

Par panel cautions govt against early euphoria over NPA reduction

Cautioning the govt against any early euphoria with regards to reduction in NPA in banking sector, a Parliamentary panel on Tuesday said that bad loans may go up due to some lag Covid pandemic impact

PNB board to consider debt raising plan for FY23 on Mar 29

The bank has not provided details on how much capital it is planning to raise via debt in 2022-23

Banks, fintech firms need to collaborate to reach the unserved population

There is a clear need for both banks and bankers, say experts