Page 88 - Banking Sector

Banks may encounter legal hurdles in invoking personal guarantees

Experts say most promoters don't register assets under their names

Credit card buys seen 8% lower in Apr-June quarter, say analysts

Among players in the credit card segment, HDFC Bank, despite a ban on issuing new credit cards, retained a sizeable, and, perhaps, the lar­gest market share in spends, at 27 per cent in May.

Pandemic helped all banks in improving digital transactions: CSB Bank CEO

CVR Rajendran, managing director, and chief executive officer of CSB Bank talks to Shine Jacob about the company's digital roadmap to touch 95 per cent mark, Covid-19 loans, the status of slippages

Banks explore option of invoking personal guarantee of promoters, says SC

Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. According to an estimate, top 10 personal guarantors have guaranteed debt of over Rs 1.6 lakh crore. Among the big names, former promoters of Bhushan Steel and Power Sanjay Singhal and his wife Aarti Singhal had furnished personal guarantees worth up to Rs 24,550 crore to take loans from a consortium of bank led by State Bank of India (SBI). The former promoter of Reliance Communications, Anil Ambani, has also given personal guarantee against the loan taken. Erstwhile promoter Wadhawan stands guarantee to loans taken by DHFL, which is sitting on debt of about Rs 90,000 crore, while Dhoot has also given personal guarantee to a portion of Rs 22,000 crore loan to Videocon. The Supreme Court in May had held that the November 15, 2019 government notification allowing creditors, usually ...

Correction in bank stocks offers a good entry point: Gautam Duggad, MOFSL

The banking space offers tremendous long term opportunities, especially large-cap banks like HDFC Bank, ICICI Bank, Axis Bank and State Bank of India, says Duggad

Deutsche Bank India branches report 48% jump in net profit in FY21

The bank had reported a net profit of Rs 1,031 crore in the year-ago period.

Understanding the Riemann Hypothesis: Why it's a high-stakes puzzle

Someone wrote a sci-fi story suggesting that anybody who proved the Hypothesis would be promptly murdered by a consortium of bankers

Private banks' loan books shrink in Q1 amid second wave of Covid-19

IndusInd, YES, Federal, and CSB post 1-3.5% sequential decline; HDFC Bank bucks the trend with 1.3% growth

Despite massive jump in M&As, IPOs, i-banking fees dip 10% to $438 mn in H1

Notwithstanding a massive spike in equity capital markets deals and a 37.4 per cent jump in M&As in H1 of 2021 at USD 55.1 billion, investment banking fees fell 10 per cent to USD 438 million, making it the lowest first half since 2016, industry data showed. Overall, SBI Caps has taken the top spot in the investment banking fee league tables with 9.5 per cent wallet share and USD 41.6 million in fees, according to Refinitiv, an LSG group entity, on Monday. Mergers and acquisitions (M&As) reached a three-year high of USD 55.1 billion in the first half, up 37.4 per cent y-o-y in the first half, Of this, cross-border M&As amounted to USD 21.73 billion across 210 deals, up from USD 16.02 billion across 195 deals, according to Refinitiv. Investment banking activities generated USD 437.9 million in the first half of 2021, a 10 per cent dip y-o-y, making it the lowest first half period since 2016 when it was USD 263.6 million, according to the Refinitiv data. Equity capital ...

IndusInd Bank's net advances jump to Rs 2.11 trn at end of June 2021

Shares of IndusInd Bank gained over 1 per cent to close at Rs 1,020.20 apiece on BSE.

Yes Bank's loans, advances shrink marginally at Rs 1.63 trn by end of June

Bank's liquidity coverage ratio by June 2021-22 stood at 118.4 per cent, higher than 114.1 per cent from a year ago.

Reserve Bank of India imposes Rs 25 lakh penalty on Punjab & Sind Bank

The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020

Alibaba founders pledge shares for loans from global banks: Report

Alibaba said co-founder Ma and his affiliates currently did not have any loans outstanding collateralized by the company's shares.

Broad categories register 'medium' risks for financial system: RBI survey

Within the major categ­ories, however, this time certain components were rated as 'high' risk

Some stability returns

RBI report suggests banks weathering pandemic

Wilful defaults fall marginally in pandemic-hit FY21: TransUnion CIBIL data

The pandemic year saw a marginal fall in the number of cases marked as wilful defaulters by banks

Personal loan offtake rose in fiscal year 2021, industrial loans contracts

The bank credit scenario in the country witnessed a sharp contrast in terms of sectoral credit offtake in FY21

Banks not in a hurry to hike interest rates on deposits despite price rise

Year-on-year growth in deposits till early June 2021 has been 9.7 per cent while credit growth is only 5.7 per cent.

Private sector banks' share in loans rises to 36.5% in FY21

Surpass other bank groups in terms of loan growth

Cabinet may soon clear proposal for govt guarantee to bad bank

Indian Banks' Association (IBA), entrusted with the task of setting up a bad bank, has pegged the government guarantee to be around Rs 31,000 crore.