Page 12 - Banking System

Reserve Bank of India conducts variable repo rate auction of Rs 75,000 cr

The central bank offered Rs 75,000 crore of liquidity to the banking system against which banks bid for up to Rs 1.38 trillion

Spike in Covid cases may impact banking system's restructured book: Icra

Demand for recast may also go up for loans previously restructured; RBI warns of drop in bank's asset quality but reassures that they are strong enough to withstand huge shocks

Credit card spend crosses Rs 1 trillion first time in a month: RBI

Among major credit card players, ICICI Bank has been the most aggressive

DBS says banking services back to normal after 2-day outage, systems secure

The bank's services, including its payment app, were disrupted on Tuesday and Wednesday.

Rates to remain benign, corp credit revival likely in 4-6 months: SBI chief

In a Q&A, the lender's chairman Dinesh Khara says the banking system awaits a restructuring proposal from Vodafone-Idea

Utkarsh Small Finance Bank reports Rs 38 cr profit for Apr-Sept FY22

The bank on Monday reported nearly 52 per cent decline in net profit

RBI eases current account opening rules for exposure below Rs 5 cr

Rules changed after feedback from the Indian Banks' Association and other stakeholders, says the regulator

Traders, economists see early taper warning signs to markets from RBI

The central bank is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to analysts.

Evergrande crisis: China injects liquidity, adds $18.6 bn to banking system

The benchmark CSI 300 Index fell as much as 1.9 per cent Wednesday

New vistas for Indian banks

As low credit offtake dents earning, Indian banks are exploring fresh avenues to lend. This is the only way to avoid mispricing of risks

Heavy retail rush for 4 IPOs puts banking system under pressure

According to industry players, the many banks found it difficult to process the record 10 mn retail applications garnered, leading to higher failure rate, delayed OTP messages

Banker behind report alleging HSBC racism resigns over lack of support

By Lawrence White

Haryana formulates policy to create land banks for govt dept, corporations

The Haryana government has provided an option to them by formulating a policy to create land banks for government departments, boards and corporations

Currency creation

RBI should be careful in launching a digital currency

Bank of England to crack down on 'secretive' cloud computing services

The BoE said cloud computing could sometimes be more reliable than banks hosting all their servers themselves

How Bhavin Turakhia is building a 'bank in a box' stack for global markets

His firm Zeta aims to enable users to run any program--credit or debit card, savings a/c, deposits, loans, on a single modern cloud native platform without having to leverage any other vendor

Judicious decision

SC judgment will end uncertainty in the banking system

Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms

RBI imposed a penalty of Rs 2 crore on State Bank of India (SBI) for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.

Privatisation of banks: The sequencing must be right

It would be naïve to read the recent Union Budget announcement on privatisation of two public sector banks as a signal of the government's intent to altogether exit the banking sector. That is not goi

Banks, brokers get most complaints for mis-selling insurance products

In 2018-19, banks received more than 12,000 mis-selling complaints; brokers close to 11,000. The number was even higher in FY18.