Page 82 - Banking Sector

Ex-RBI governor Urjit Patel appointed as vice president of AIIB

Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB)

SBI invites applications for head of digital banking till January 28

The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28.

CSB Bank eyes new highs as CEO CVR Rajendran retires on health grounds

Those close to the operations of the bank indicate it was Rajendran's efforts that transformed it from an old private sector bank to a new-generation one

RBI hikes threshold for deposits of non-financial small biz customers

This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard

Centre seeks relaxation in promoter shareholding cap for IDBI Bank sale

The Centre has sought relaxing the 26-per cent cap for new promoters of IDBI Bank, as it looks to initiate a strategic divestment of the lender.

Bandhan Bank collection efficiency ratio increases to 93 pc in December

Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31

Airtel Payments Bank gets permission to function as scheduled bank from RBI

Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users

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