Page 94 - Banking Sector

UBS, Nomura push global banks' Archegos losses beyond $10 billion

UBS shares fell 3.0% in morning trade.

Markets maintain momentum for second straight day; bank stocks rally

NTPC, Kotak Bank, Nestle India, M&M, Dr Reddy's and Axis Bank were the other laggards, shedding up to 0.54 per cent.

Tamilnad Mercantile Bank plans IPO of up to Rs 1,200 crore this fiscal

The Tamilnad Mercantile Bank will turn 100 this year

State Bank of India board to consider raising $2 billion through bonds

SBI is the country's largest lender

HSBC Q1 profit rises 79% as Covid vaccine rollout sparks cautious optimism

Bank releases $400 million of provisions on improved outlook; lender unlikely to repeat level of writebacks through 2021, says CFO

Banking stocks fuel indices' steep jump amid retreat in US bond yields

Asian rally too helps Indian markets' biggest surge in 2 weeks

RBI fixes private bank MD, CEO tenures at 15 years; compliance by Oct 1

The rules apply to private banks, small finance banks, and wholly owned subsidiaries of foreign banks.

SBI Card fourth quarter net doubles to Rs 175 cr; FY'21 profit drops 21 pc

SBI Cards and Payment Services on Monday reported a 110 per cent rise in quarterly net profit

How falling prices may impact the quality of gold loans for banks

Since June 2020, gold-loans surged even as lending to other segments was affected by asset-quality concerns

In the digital cross-hair: CTOs will have to be all-rounder for banks

Banks will have to do far more to meld technology with their business, with CTOs playing a pivotal role

Payments banks' search for right business model

Sandwiched between commercial banks and pure-play payments service providers, payments banks do not enjoy a level playing field

JPMorgan admits it misjudged by backing breakaway European Super League

The bank also had its corporate sustainability rating downgraded by Standard Ethics

Climate activists shatter 19 windows at HSBC HQ in London's Canary Wharf

The activists referenced the struggle of the Suffragettes who used direct action to fight for votes for women in the early 20th Century.

After Citigroup, South Africa's FirstRand Bank to exit India after 12 years

First Rand India is a licensed financial services provider in India and operates as a "branch" of FirstRand Bank South Africa.

Private lender DCB purchases 9% stake in NBFC Techfino Capital

DCB Bank said it has acquired 9 per cent stake in non-banking financial company Techfino Capital which is engaged in providing technology-based education and healthcare loans.

Loan moratorium: Centre asks banks to foot 'interest on interest' bill

Banks have been told that they can also adjust the amount against future liabilities for all accounts

'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94

Narasimham also founded the credit planning cell in RBI, which became the monetary policy department

DBS to buy 13% stake in privately-held Chinese lender for $814 million

DBS is Southeast Asia's largest bank

A brief look at REPCO, the latest universal bank licence candidate

Repco Bank would approach the private sector for investments. However, it is yet to start such exercise.

A hale and hearty banking sector but...

More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money