Page 87 - Banking Sector

Union Bank of India Q1 standalone net profit zooms to Rs 1,181 crore

Union Bank of India reported over three-fold jump in standalone net profit at Rs 1,181 crore for June quarter 2021-22, helped by higher net interest income and improvement in asset quality.

SBI inches towards record high ahead of Q1 results; stock up 3%

Analysts expected SBI to report a healthy performance, supported by recoveries and modest opex

HDFC enhances existing limit to borrow via medium-term bonds up to $2.8 bn

The country's largest mortgage lender HDFC Ltd on Wednesday said it has enhanced its existing limit to raise capital through medium-term notes to up to USD 2.8 billion (about Rs 20,875.65 crore).

Statsguru: Performance and challenges of co-operative sector in India

Even though a fifth of these cooperatives are in the financial sector, their share has remained low

Banker's Trust: Tamal Bandyopadhyay on the facts and fiction of Mudra loans

Do we need yet another refinance agency? No one will shed a tear if Mudra is given a decent burial

Covid-19 wave intensifies pressure points for small, mini non-banks: Report

The second COVID-19 wave has intensified pressure points for small and mini NBFCs, as they did not get the benefit of the RBI's liquidity measures announced last year, a report said.

Federal Bank posts 13% decline in net profit to Rs 356.8 cr for Jun quarter

Private sector lender Federal Bank on Friday posted a 12.87 per cent decline in its consolidated net profit for the June 2021 quarter to Rs 356.76 crore

RBI eases norms for loans given by banks to directors of other banks

The Reserve Bank of India (RBI) on Friday said banks without their boards' approval can sanction personal loans up to Rs 5 crore to directors of other banks.

RBI clarifies IDFC can exit bank as a promoter as lock-in period ends

IDFC announced receiving the RBI's approval in a notification to the exchanges

HDFC Bank dips 3% as June quarter results miss Street estimates

HDFC Bank's asset quality deteriorated marginally due to disruptions in collections on account of the second Covid wave

We helped shrink the working capital cycle: CredAble's Nirav Choksi

The fintech company is currently disbursing close to Rs 1,500 crore a month

Hope to get buyer for consumer biz by Q4: Citi India CEO Ashu Khullar

Despite being a foreign bank, we move 7-10 per cent of the Indian payment systems, says CEO Khullar

HDFC Bank writes off Rs 3,100-crore NPAs in the April-June quarter

Offloads Rs 1,800 crore of bad loans

Think digital, think detail to drive growth

The big question is - how will NBFCs re-align to changing customer expectations, technology developments and growing competition?

Bank nationalisation: 52 years and ticking

Nationalisation has served its purpose. It's time to move ahead, keeping majority ownership of the government in a few banks to serve people

Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 cr in FY21: RTI

Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response.

Physical bank branches will continue to play key role in rural areas

Kotak Mahindra Bank Joint Managing Director Dipak Gupta said although retail customers have adopted phygital very fast, the non-retail customers are still dealing in cash.

External benchmark system improves monetary transmission: RBI Article

Private sector banks have exhibited increased pass-through to lending and deposit rates compared to public sector banks.

Big banks expand share in corporate lending amid pandemic stress

The corporate banking space had started consolidating even before Covid, driven by the RBI's steps on opening current accounts of corporates and others.

RBI proposes tweaks to capital-raising guidelines for urban co-op banks

The UCBs, it said, could raise share capital by issue of equity to persons within their area of operation enrolled as members and also through additional equity shares to the existing members.