Page 15 - Banking
After Visa and Mastercard, China's Unionpay suspends operations in Russia
As per media reports, the payment processor is reportedly worried about being the target of sanctions from the U.S. and other countries if it works with sanctioned Russian banks
 "After Visa and Mastercard, China's Unionpay suspends operations in Russia")
Finance ministry, state-run banks discuss 3-year strategic roadmap
Will review progress made by PSBs on various schemes today
 "Finance ministry, state-run banks discuss 3-year strategic roadmap")
RBI directs UCBs to eliminate honorary positions within one year
The Reserve Bank on Thursday asked Urban Cooperative Banks (UCBs) not to create create any honorary position or title such Chairman Emeritus and Group Chairman at the board level
 "RBI directs UCBs to eliminate honorary positions within one year")
On the road to 75 new digital banks, there will be twists and turns
The finance minister's Washington announcement signals an acceleration of the government's plans but there are many basic questions to address still
 "On the road to 75 new digital banks, there will be twists and turns")
Some banks stop credit for oil imports by Rosneft-owned Nayara: Report
Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy giant Rosneft, which owns 49% of the Indian refiner, has been.
 "Some banks stop credit for oil imports by Rosneft-owned Nayara: Report")
FM to meet PSBs' heads on Apr 23 to nudge them for credit expansion
This is the first full review meeting after presentation of Budget 2022-23.
 "FM to meet PSBs' heads on Apr 23 to nudge them for credit expansion")
HDFC Bank and mortgage lender HDFC Ltd announce 'merger of equals'
Shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.
 "HDFC Bank and mortgage lender HDFC Ltd announce 'merger of equals'")
Banking sector should see robust loan growth this year: BoM MD
The banking sector is at an inflection point with COVID-19 related-problems yielding place to the regeneration of demand in all segments of the industry and overall optimism in the economy: BoM MD
 "Banking sector should see robust loan growth this year: BoM MD")
Unity Small Finance Bank pays Rs 3,800 cr to 850,000 PMC Bank depositors
According to the plan approved by the Union government, Unity Small Finance Bank was supposed to pay the insured deposit amount up to Rs 5 lakh received from the DICGC immediately.
 "Unity Small Finance Bank pays Rs 3,800 cr to 850,000 PMC Bank depositors")
Axis Bank to make significant gains from Citi deal only from FY2025
The rating agency S&P said the acquisition of Citi consumer business will strengthen Axis bank's retail market position and diversify its revenue profile
 "Axis Bank to make significant gains from Citi deal only from FY2025")
Banking services partially impacted on second day of nationwide strike
Transactions at many public sector banks were impacted as employees did not report for duty
 "Banking services partially impacted on second day of nationwide strike")
Top headlines: JioMart Express pilot to start, the oil price conundrum
Business Standard brings you the top headlines at this hour
 "Top headlines: JioMart Express pilot to start, the oil price conundrum")
Nationwide trade unions' strike affects work at state-owned banks
Banking services were partially impacted on Monday as a section of bank employees did not report for duty in support of the two-day nationwide general strike called by central trade unions.
 "Nationwide trade unions' strike affects work at state-owned banks")
Two years on, YES Bank eyes long-term growth and customer confidence
While survival and stability have been evidenced in growth and customer confidence, this is the right time to understand the road ahead and priorities for the lender.
 "Two years on, YES Bank eyes long-term growth and customer confidence")
Decoded: What is Nexus and how it will help India stitch bilateral deals
Conceptualised by the Bank for International Settlements (BIS), Nexus is a model for connecting instant payment systems (IPS) of various countries
 "Decoded: What is Nexus and how it will help India stitch bilateral deals")
Net-zero shift may have less impact on banking, says RBI study
India made five pledges at the global climate meeting in Glasgow in October 2021 for taking steps towards controlling emissions.
NARCL to make binding offers to lenders by March 31, say bankers
NARCL is a public sector entity and will have to follow a competitive bidding process for these assets using the Swiss Challenge method.
 "NARCL to make binding offers to lenders by March 31, say bankers")
BS SFB round table: 'We have gone through 2 major crises since the birth'
The pandemic's lingering effects were a test for small finance banks
 "BS SFB round table: 'We have gone through 2 major crises since the birth'")
IT, banking, energy topped selloff in Feb as FPIs pulled out $4.7 bn
Selling was seen in most sectors save metals and mining, pharma and telecom
 "IT, banking, energy topped selloff in Feb as FPIs pulled out $4.7 bn")
Banks, financial institutions rush to raise funds as credit growth picks up
Overall credit growth for the current financial year may remain in single-digit in the current financial year, though there will be improvement as compared to 2020-21.
