Page 91 - Banking Sector

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.

Statsguru: What bank deposits data tells us about Covid disruption

Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.

SBI ready to meet credit growth spike, expects loan book to grow 9% in FY22

Khara said FY22 had begun with an unexpected second wave of Covid-19 infections

RBI sets rules for appointment of MDs, WTDs of urban cooperative banks

The minimum age of a person should not be less than 35 years and not more than 70 years any time during the tenure

SBI better positioned to tackle any subsequent Covid-19 wave: Khara

SBI is the country's largest lender

After a washed-out Q1, bankers hope to cash in on revival starting July

Demand expected to rise, but more gradually than last year

India's bank credit-to-GDP ratio inches up to 56% in 2020: BIS data

The country's credit-to-GDP ratio improved to 56.075 per cent in 2020 from a low of 52.7 per cent in 2019.

ED attached assets more than money due to banks: Mehul Choksi's lawyer

Vijay Mallya, Nirav Modi, and Mehul Choksi had allegedly defrauded various PSBs by siphoning off the funds through their companies, resulting in a total loss of Rs. 22,585.83 crore to the banks.

SBI may need to raise only up to Rs 9,000 crore in capital in FY22

State Bank of India is the country's largest bank

'Money is being thrown' at them but millennials don't want to be bankers

For those who want to stay in finance, non-bank financial institutions, growth equity firms and other, smaller financial-services businesses have become better options.

NARCL pegs its funding requirement at Rs 6,000 crore: Details here

The capital funding structure would follow a debt and equity ratio of 1:1, according to the proposal

A new structure of financial regulation

One of the most egregious recent cases of misconduct is the behaviour of credit-rating agencies.

Concealing material fact can lead to rejection

When truthful answers are not given, it constitutes a breach of good faith, entitling the insurer to treat the policy as void

State-owned UCO Bank looks to raise up to Rs 500 crore

The board of directors will consider the proposal for raising tier-II capital of up to Rs 500 crore at its meeting scheduled to be held on June 23

Cyber fraud helpline brings banks and police together: Here's how it works

The helpline and its reporting platform have been made operational by the Indian Cyber Crime Coordination Centre (14C) with support from the RBI, all major banks, payment banks, wallets

Microfinance loan book grows 10% sequentially to Rs 2.53 trillion in Q4

Banks continue to dominate the market share of 42 per cent.