Page 16 - Banking

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.

Citi's Asia Pacific arm to hire 350 people in 3 years to accelerate growth

The Asia Pacific hiring represents the largest investment in headcount across CCB globally, the foreign lender said

Citigroup Inc plans 900 hires for commercial banking unit over three years

Citigroup Inc's commercial banking unit will hire 900 staff over the next three years, a large part of which will be for the U.S. bank's Asia Pacific business

SME: 'Due date of sight bill should be counted from date of presentation'

What a firm seeking supplies from abroad on credit should do in case there is an error in the contractual documents

Top headlines: Grover quits BharatPe board, India's Ukraine evacuation

The RBI is also gauging the extent of damage to the Indian banking sector amid the Ukraine crisis. More on this and other stories in our top headlines this morning.

Bank of India says it can absorb mark-down of recapitalisation bonds

Lender makes statement as central bank expresses concern at the recapitalisation of state-owned lenders through zero-coupon bonds.

Credit Suisse leak reveals firm's clients included criminals, dictators

A network of journalists from around the world obtained leaked records on more than 18,000 Credit Suisse accounts

Top headlines: NSE in firefighting mode, super app space heats up

Business Standard brings you the top headlines at this hour

India Ratings upgrades outlook on banking sector to 'improving' for FY23

Key financial metrics are likely to continue to show improvement in FY23, backed by strengthened balance sheets, an improving credit demand outlook and expected commencement of corporate capex cycle.

Top headlines: LIC virtual road shows underway, Ukraine tensions drag on

Regulator asks commercial banks to make KYC ironclad as frauds rise. More on that story in our top headlines.

Govt to initiate investor outreach for IDBI Bank sale from Feb 25

The roadshows for the strategic disinvestment of IDBI Bank will be held virtually as investors are not keen on physical meetings due to pandemic fears.

SBI expects to recover Rs 8,000 cr from written-off accounts in FY22

Bank's net profit during the quarter surged by 62.27 per cent to Rs 8,432 crore.

RBI extends restrictions on Karnataka's Millath Co-Operative Bank till May

As per the directions issued first on May 10, 2019, withdrawals were capped at Rs 1,000 from any account. The directions have been periodically extended till now.

Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4

Listed entities need to have 25 per cent public holding and fresh capital will help business, says top executive.

PE firm Advent eyeing $1 billion investment in Yes Bank: Report

Advent is conducting due diligence and may form a consortium, the report said, citing sources

Karur Vysya Bank Q3 net profit jumps multi-fold to Rs 185 cr

The bank had registered a net profit of Rs 35 crore in same quarter of the previous year. Sequentially, the profit was up from Rs 165.45 crore in the September 2021 quarter

Buyer shouldn't pay for bank's mistake

Despite the State Commission having concluded that there was deficiency in service on the part of the bank, it had not been held liable

RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd

he restrictions came into force from closure of business hours on January 28, 2022 (Friday)

State Bank of India tweaks recruitment rules for pregnant women candidates

The move has elicited criticism from some quarters, including from the All India State Bank Of India Employees' Association

S&P upgrades outlook on Axis Bank to positive on improved asset quality

Private lender's loan growth and profitability should improve as economic activity gains pace in India, says agency.