Page 85 - Banking Sector

Banks' core earnings face heat from poor credit growth, low yields on loans

Their gross interest income shrank for second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5% YoY

A brave new world of banking

The idea that a bank's lending function must be separate from its monetary function is gaining traction in the US

BFSI Summit: Worst is behind, slippages may rise, say India's top bankers

Speaking on fintechs, the bankers said the right way to go about this is collaboration, but they may also have to compete with these players for their share of the pie

RBI governor, top bankers to bring down curtains on BS-BFSI summit today

The most-awaited chat with the RBI governor will roll into the bankers' panel, bringing down the curtains on an incisive summit that ran for nine days, spanning 11 sessions

RBI imposes curbs on Maharashtra-based Babaji Date Mahila Sahakari Bank

RBI imposed several restrictions on the Maharashtra-based bank

Utkarsh Small Finance Bank reports Rs 38 cr profit for Apr-Sept FY22

The bank on Monday reported nearly 52 per cent decline in net profit

Best of BS Opinion: Pratip Chaudhuri's arrest, infinite learning, and more

Here are the best of BS Opinions of the day

Is the sparkle returning? Banks are now better placed to handhold India Inc

The growth instinct appears to have taken root, and banks are now better placed to handhold India Inc

Credit Suisse takes axe to broking biz after multibillion-dollar losses

The long-awaited reorganisation, however, fell short of the sweeping overhaul expected by some investors.

Next quarter onwards, hope to see positive growth: PNB Housing Finance CEO

On the retail side, for eight quarters, our portfolio shrank, but this quarter has witnessed flat growth, said CEO Prasad

Bank of India profit zooms 100% to Rs 1,051 crore on low provisions

Its net interest income, the interest earnings minus expense, fell 14.32 per cent in the reporting quarter to Rs 3,523 crore in Q2FY22

Best of BS Opinion: Towards net zero, banking accountability, and more

Here are the best of BS Opinion pieces of the day

Alchemist ARC to move Jaisalmer court against Pratip Chaudhuri's arrest

The Rajasthan Police had on Sunday arrested Chaudhuri in Delhi in connection with an alleged loan scam.

Be vigilant to vulnerabilities: RBI governor Shaktikanta Das to banks

The RBI data showed that credit growth is improving, albeit at a slower pace

Festive season: Credit card spends jump 57% in September, shows data

Credit card spends are much higher than pre-pandemic levels.

Appropriate governance standards at banks needed for public trust: RBI DG

Corporate governance is the cornerstone for any enterprise and it assumes a distinctly different undertone and importance for banks: RBI DG Jain

Bankers in a state of shock after former SBI chairman Chaudhuri's arrest

State Bank says deal on which Chaudhuri was arrested was done after he retired; ex-SBI chairman Rajnish Kumar calls arrest vendetta; pathetic, blasphemous say others

SBI ex-chief Pratip Chaudhuri arrested, sent to 14-day judicial custody

Case related to bad loan, sale of NPA at low value

Yes Bank appoints Sharad Sharma non-executive director

Sharma is a career banker with 40 years of experience in the banking industry

IDFC First Bank net profit up nearly 50% at Rs 152 cr in Sep qtr

Bank's provisioning for bad loans and contingencies were raised substantially for the September 2021 quarter at Rs 474.95 crore as bad loans moved up