Page 86 - Banking Sector

BFSI Summit: There's so much to sell, everyone can make money, say experts

Panelists say banks shouldn't feel threatened by fintech companies, rather they should feel enabled

Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore

State-owned Punjab National Bank (PNB) on Wednesday reported a 78 per cent increase in net profit at Rs 1,105 crore for the second quarter ended September 30

Govt appoints KV Kamath as chairperson of newly set up Rs 20,000-cr DFI

Centre to appoint its two nominees this week

Banks must be ready for fully convertible capital account: RBI Dy Governor

Under fully accessible route, foreigners can have full access to specified securities; Over time, entire G-sec would be eligible for non-resident investment, says T Rabi Shankar

Peanut penalty and reputation risks for banks

Is it becoming a routine affair, like being fined by the traffic police for jumping the red light or by a TTE for travelling without a ticket on a Mumbai local?

YES Bank Q2 net up 74% to Rs 225 cr on lower provisions, NII shrinks 23%

The lender will finalise partner ARC in 60 days, transfer NPA by March-end

IDBI Bank Q2 net profit surges 75% to Rs 567 cr; NIM improves

Its stock was down by 2.03 per cent to Rs 55.6 per share

Banks' microloan portfolio contracts 7% to Rs 2.36 trillion in June quarter

The quarterly decline in gross loan portfolio (GLP) was seen across all lender types, including commercial banks, finance companies

Gross NPAs of banks may decline to 6.9% by March 2022: Report

Gross non-performing assets (NPAs) and net NPAs of banks are likely to decline to 6.9-7 per cent and 2.2-2.3 per cent, respectively, by the end of March 2022

BS BFSI Summit: Economic recovery is on but risks lie ahead, say economists

There is still uncertainty around domestic demand, capital expenditure by state governments, non-performing assets of the banking sector, and supply-side constraints

Cash going to co-exist with central bank digital currency: Subbarao

Former RBI governor D Subbarao on Monday said there is a strong motivation for the central bank to launch a digital currency and cash is going to coexist with the new-age currency

HDFC Bank Q2 net up 18% to Rs 8,834 cr, steady rise in interest, fee income

Asset quality is largely stable; Total deposits up 14.4% at Rs 14.06 trillion YoY, advances rise 15.5% to Rs nearly Rs 12 trillion

UCO Bank chief A K Goel is new IBA chairman, succeeds Union Bank MD

Banks Board Bureau had, in September, proposed Goel's for the forthcoming position of MD-CEO at Punjab National Bank. Centre to take final call on the appointment

Contenders for Citibank's retail arm still in due diligence stage

Lender may take time till December to finalise a buyer, no shortlist made so far, says a source

Earnings preview: Bank profits to show steady rise despite provisions

Rise in stressed assets may not push bills for provisions as lenders maintain higher provision coverage ratio for few quarters

Privatisation is far more difficult than consolidation

For public sector banks, the government is the superboard, with both ownership and regulatory powers under its belt. Is it ready to give up these powers?

Banks need to accelerate green lending for sustainable growth: SBI chief

Banks have always been the backbone of India's economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate green lending, said SBI Chairman Dinesh Khara

SBI stock trades higher for third straight session, nears record high

The stock was up 1.4 per cent at Rs 471 on the BSE in Wednesday's intra-day trade, quoting close to its record high of Rs 471.85 touched on September 17, 2021

State-owned Canara Bank cuts MCLR by up to 15 bps

Meanwhile, DCB Bank also reduced its MCLR by 0.05 per cent across tenors, effective from October 6.

HDFC Bank launches Festive Treats 3.0 with over 10,000 offers

The private sector lender has partnered with over 10,000 merchants across more than 100 locations