Page 80 - Banking Sector

Large, mid-sized banks report 11-23% loan growth in December quarter

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021

SBI: A limited account

The book gives several examples of government interference in the working of the bank, despite the then finance minister's assurances to the contrary in Parliament

Bad loans of small finance banks may go up 70-80 bps by FY22-end

On an overall basis, ICRA expects some reduction in GNPAs in the second-half of FY22

How l'affaire RBL Bank may impact RBI's equation with entities it regulates

Private banks' CEO tenures have been in the spotlight since the RBI released its discussion paper on governance in commercial banks in 2020

Banking at a crossroads: Why 2022 may well be another reset year

Pandemic-related regulations are set to run their course and an uptick in interest rates is in the offing.

Return to normalcy will be the norm in 2022

2022 will mark a return to more familiar patterns of growth and the beginning of a new round of innovation for all players in the financial system

Things to watch out for in 2022

Cystal ball gazing for the trends and challenges for the banking sector in the New Year

Asheesh Pandey takes charge of Bank of Maharashtra's executive director

Pandey replaced Hemant Kumar Tamta who demitted office after completion of his term

NITI Aayog senior advisor Anna Roy among top 30 fintech influencers

Roy has issued the recent report on Digital Banking by NITI Aayog, which has provided a template for the Digital Bank Regulatory Framework for India

RBL Bank attempts to boost depositors' trust after CEO's sudden exit

A large write-off in a loan account was believed to be the trigger for the regulator to step into the affairs of the bank

RBL Bank sets up panel to hunt for managing director & CEO

RBL Bank has tasked a search panel, comprising two board members, chairman of its nomination & remuneration committee and an external expert, to find a suitable candidate for the lender's MD and CEO post, according to a regulatory filing. The bank's board on December 25 elevated Rajeev Ahuja as an interim MD and CEO with immediate effect, after sending Vishwavir Ahuja on leave. Rajeev's appointment was subject to regulatory and other approvals. A day earlier, on December 24, the Reserve Bank of India (RBI) appointed its Chief General Manager Yogesh K Dayal on the lender's board as an additional director, a move seen as unusual in the case of private sector banks. "The board at its meeting held today ie December 30, 2021, has constituted a search committee (comprising of chairman of the nomination and remuneration committee, two members of the board and one external expert) to identify and evaluate for the position of MD & CEO," RBL Bank said in the filing. The potential ...

IDFC FIRST Bank begins process for 3-way merger; stock ends flat

The merger would be subject to the shareholders, creditors, statutory and regulatory approvals of the respective entities

Credit card spends dip 11.6% in November after record show in October

November spends are still higher than pre-Covid levels, with 43% YoY growth

IDFC First Bank board favours merger with promoter entities

Earlier in July, the Reserve Bank of India allowed IDFC Ltd to exit as the promoter of IDFC First Bank as the five year lock-in period ended

SBI to acquire nearly 10% stake in India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure, SBI said

Pvt cryptocurrencies pose immediate risks to customer protection: RBI

The aggregate market capitalisation of the top 100 cryptocurrencies has reached USD 2.8 trillion

Bank NPAs may go beyond 8% by September 2022, says RBI report

Going forward, as the economy recovers and credit demand rises, banks will need to ensure availability of sufficient capital to support credit growth

Private banks seeing jump in number of online frauds: RBI report

Commercial banks reported Rs 1.38 trillion of frauds in 2020-21, as compared to Rs 1.85 trillion in the previous year.

Limits of progress

Covid-19 still poses risks for the banking system

AU Small Finance Bank inducts ex-RBI deputy governor H R Khan on its board

The appointment is for a period of three years subject to the approval of shareholders