Page 88 - Banking Sector

After Q1 spike, NBFC bad loans to ease in FY22 as collections improve: Icra

Rating agency says the 90-day-plus dues, which touched 6.3% this June, may drop to 5.3% by March 2022 under base scenario

Trust between govt, industry key to use opportunities created by Covid: FM

FM assured that the proposed DFI, the National Bank for Infrastructure Financing and Development (NaBFID), will become functional soon

Indian banks' improved performance in contrast to stress from Covid: Fitch

Indian banks' improved performance for the financial year ended March 2021 is in contrast to the stress evident from extension of Covid-19-related relief measures to borrowers, Fitch Ratings has said.

Bank of Baroda's launches one-stop digital platform 'bob World'

State-owned Bank of Baroda on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof

RBI penalises 2 co-op banks for deficiencies in regulatory compliance

The Reserve Bank of India (RBI) on Wednesday said it has imposed penalties on two cooperative banks for deficiencies in certain regulatory compliance.

Ind-Ra retains 'stable' outlook on Indian banking sector in FY22

The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22

Centre appoints Harsha Bhupendra Bangari as EXIM Bank MD

Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, had interviewed 10 candidates for the top post at EXIM Bank

Bank of Maharashtra expects total business to cross Rs 3 trn soon

The bank has been a performer in various key parameters, including deposit mobilisation, credit growth, recovery, risk management etc, BoM managing director and CEO A S Rajeev said

RBI imposes Rs 50 lakh penalty on Bombay Mercantile Co-operative Bank

The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 50 lakh on Bombay Mercantile Co-operative Bank, Mumbai for deficiency in regulatory compliance.

Cathie Wood's fintech ETF sells HDFC Bank for first time since May

HDFC Bank ranks among the world's most priciest mega banks

RBI fines Axis Bank Rs 25 lakh for flouting KYC norms

The fine is based on a scrutiny carried out by RBI during February 2020 and March 2020 in a customer account maintained with the bank

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.

IDFC First Bank aims retail loan book growth of 25% on long-term basis

IDFC First Bank reported a net profit of Rs 452 crore in 2020-21. There was a net loss of Rs 2,864 crore in FY20.

FinMin exploring insurance bonds as alternative to bank guarantees

The government is considering to introduce insurance bonds as an alternative to bank guarantees, Finance Secretary T V Somanathan said here on Tuesday.

Banks recast loans worth Rs 35,000 crore under RBI's second scheme

Retail and loans to micro, small and medium enterprises have the largest share in the two schemes combined

HDFC Bank's $1-billion global AT-1 bond issue priced at 3.7%

Market sources said the response was strong with demand in the region of $4 billion-$4.5 billion

HDFC Bank can start issuing credit cards again as RBI eases curbs

Ban on Digital 2.0 programme continues; bank ready with aggressive plan

Of Covid deaths, bank deposits and bad loans

Districts with higher death rates during the pandemic have shown outflow of bank deposits, rise in home loan NPAs and rush to raise gold loans

AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO

Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call

A new phishing attack lurking to scam banking customers: Advisory

The malicious activity is being carried out using the ngrok platform, a unique web application, it said.