Page 9 - Banking System
Banks can't withhold loan on flimsy ground
The District Commission concluded that raising a doubt about the validity of the NOC at such a belated stage could not be permitted
India's economic, banking systems strong even amid global turmoil: PM Modi
"Amidst a global crisis, today India's economic system is strong, the banking system is strong. This is the power of our institutions," Modi said
 "India's economic, banking systems strong even amid global turmoil: PM Modi")
Indian banking system is stable, resilient: RBI governor Shaktikanta Das
Highlighting the developments in the United States banking system over the past weeks, wherein few banks have gone belly up, RBI Governor Shaktikanta Das said
 "Indian banking system is stable, resilient: RBI governor Shaktikanta Das")
Latest LIVE: UK, German fighter jets intercept Russian plane near Estonia
Catch all the live news updates from across the globe here
 "Latest LIVE: UK, German fighter jets intercept Russian plane near Estonia")
Biden says US banking system is safe after Silicon Valley Bank collapse
President Joe Biden on Monday told US residents that the nation's financial systems are sound, following the swift and stunning collapse of two banks that prompted fears of a broader upheaval. American can have confidence that the banking system is safe, he said from the Roosevelt Room before a trip to the West Coast. Your deposits will be there when you need them. US regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in U.S. history, behind only the 2008 failure of Washington Mutual. In a sign of how fast the financial bleeding was occurring, regulators announced that New York-based Signature Bank had also failed. The president, speaking from the Roosevelt Room shortly before U.S. markets opened, said he'd seek to hold those responsible and pressed for better oversight and regulation of larger banks. And he promised no losses would be bor
 "Biden says US banking system is safe after Silicon Valley Bank collapse")
The accidents have started
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places
 "The accidents have started")
SVB collapse: Large domestic deposits cushion Indian banks, say analysts
Mark-to-market impact on Indian banks seen limited thanks to HTM provisioning
 "SVB collapse: Large domestic deposits cushion Indian banks, say analysts")
Liquidity likely to veer towards neutral after three years of surplus
Future scenario hinges on forex market, govt spending, credit growth
 "Liquidity likely to veer towards neutral after three years of surplus")
RBI resumes repo ops after 5 months as LTRO maturities lined up
LTROs/TLTROs worth Rs 75,000 cr to mature by April-end
 "RBI resumes repo ops after 5 months as LTRO maturities lined up")
Indian financial markets remain well-regulated: FM Nirmala Sitharaman
FM says banking system at comfortable level as bad loans hit new lows
 "Indian financial markets remain well-regulated: FM Nirmala Sitharaman")
ICICI-Videocon case: Bombay HC grants CBI 3 days to reply on Dhoot's plea
The Bombay High Court on Tuesday granted the Central Bureau of Investigation 3 days time till Friday to file its reply in a plea filed by Videocon Group Chairman Venugopal N. Dhoot
 "ICICI-Videocon case: Bombay HC grants CBI 3 days to reply on Dhoot's plea")
Brokerages pick banks, infra and telecom for 2023 play; IT, metals may drag
The banking sector was a standout performer in 2022 with the Nifty PSU Bank rallying almost 70 per cent
 "Brokerages pick banks, infra and telecom for 2023 play; IT, metals may drag")
Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO
Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years
 "Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO")
Urban Co-op Bank profiles improve on bad loan dip, better profitability
However, growth in deposits and advances took a knock as liabilities shrank on the back of high base in 2020-21, shows RBI Report on Trend and Progress of Banking in India
 "Urban Co-op Bank profiles improve on bad loan dip, better profitability")
Banks' balance sheet grows in double digits after 7 years: RBI report
Gross NPA slips to 5%; regulator flags slippages from recast accounts
 "Banks' balance sheet grows in double digits after 7 years: RBI report")
How to lock smartly into bank FDs as rates peak over next 2-3 quarters
Consider laddering to ensure liquidity and to avoid reinvestment risk
 "How to lock smartly into bank FDs as rates peak over next 2-3 quarters")
All entities providing banking service subject to same rules: RBI Dy Guv
Non-bank entities cannot be allowed to undermine the banking system, he says at Business Standard BFSI Insight Summit
 "All entities providing banking service subject to same rules: RBI Dy Guv")
RBI sold $922 million in foreign exchange market in October: Bulletin
Forward purchase book shrinks $10 bln as RBI spreads out interventions
 "RBI sold $922 million in foreign exchange market in October: Bulletin")
Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit
Public sector lenders would end up issuing around Rs 13,500 cr worth of such bonds in coming weeks
 "Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit")
Bank of Canada hikes policy interest rate by 50 basis points to 4.25%
The Bank of Canada has increased its benchmark interest rate by 50 basis points to 4.25 per cent
 "Bank of Canada hikes policy interest rate by 50 basis points to 4.25%")