Page 18 - Banking
Nomura India's Head of Investment Banking Utpal Oza steps down: Report
Amit Thawani, managing director and head of coverage investment banking has taken over from Oza, the sources said
 "Nomura India's Head of Investment Banking Utpal Oza steps down: Report")
From inclusive banking to inclusive insurance
As insurance penetration deepens, India will have a decent pool of long-term funds to support infrastructure building and the government's borrowing programme, easing the burden on the banking system
 "From inclusive banking to inclusive insurance")
ESMA row: EU banks likely to turn Indian entities into subsidiaries
ESMA's decision followed the Reserve Bank of India's refusal to grant the European regulator supervisory powers over the Indian CCPs
 "ESMA row: EU banks likely to turn Indian entities into subsidiaries")
Sebi bars Karvy Investor Services from onboarding new clients
In an ex-parte order, the Securities and Exchange Board of India (Sebi) noted that KISL did not have the necessary infrastructure like adequate office space, equipment and manpower to work as merchant
 "Sebi bars Karvy Investor Services from onboarding new clients")
AU Bank's credit card business will break even in FY25: CEO Sanjay Agarwal
Banking will completely shift from brick-and-mortar to online in some 10 years, he says
 "AU Bank's credit card business will break even in FY25: CEO Sanjay Agarwal")
First Republic Bank plans $100 bn asset sale to shore up balance sheet
In addition to selling assets, the bank also plans to focus on loans that can be sold on the secondary market
 "First Republic Bank plans $100 bn asset sale to shore up balance sheet")
Banking system 'strong enough to survive' policy rate changes: FinMin study
Probability of event like Silicon Valley Bank's collapse in the US happening in India significantly less, says ministry's monthly review
 "Banking system 'strong enough to survive' policy rate changes: FinMin study")
The F word in Indian banking
At the moment, banks give an opportunity of hearing to wilful defaulters but not fraudsters
 "The F word in Indian banking")
IBA reaching out to start-ups for funding needs, says DPIIT official
Only DPIIT-registered start-ups are eligible for funding under various support schemes of the industry department
 "IBA reaching out to start-ups for funding needs, says DPIIT official")
UBS takes over Credit Suisse: Everything you need to know about the crisis
Credit Suisse crisis: Swiss government said it would provide $9 bn to help UBS meet the possible losses while taking over Credit Suisse, and Swiss National Bank will provide $100 bn of liquidity
 "UBS takes over Credit Suisse: Everything you need to know about the crisis")
Credit Suisse more relevant to Indian banking sector than SVB: Jefferies
Credit Suisse owns more than 200 billion rupees ($2.4 billion) of assets in India, making it the 12th largest offshore lender, according to Jefferies
 "Credit Suisse more relevant to Indian banking sector than SVB: Jefferies")
SVB crisis: How the ripples of the bank's plunge reached foreign shores
Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out
 "SVB crisis: How the ripples of the bank's plunge reached foreign shores")
SVB crisis: What is contagion risk, and is it expected to spread to India?
SVB collapse: Just a couple of days after US regulators shut the bank down on Friday, Signature Bank also shut its doors, spreading the fears of contagion
How do countries safeguard depositors' money when banks like SVB collapse?
Find out how governments and central banks ensure that the depositors' money is protected in case of fallout, like Silicon Valley Bank (SVB) here
 "How do countries safeguard depositors' money when banks like SVB collapse?")
A good night's sleep for both banks and Reserve Bank
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the "distance to default" as a measure of a particular bank's fragility
SVB Financial Group in talks for sale; crisis triggers global banking rout
The brutal rout in the lender's stock, which began on Thursday, spilled over into other US and European banks, with the episode spreading concern about hidden risks in the sector
 "SVB Financial Group in talks for sale; crisis triggers global banking rout")
HDFC Bank to launch revamped payments, banking application soon
To take on Google Pay, PhonePe with new PayZapp
 "HDFC Bank to launch revamped payments, banking application soon")
BS Banker of the Year Award: High-powered Jury meets today to pick winner
The banking sector was resilient in 2021-22 with improving profitability, and adequate capital
 "BS Banker of the Year Award: High-powered Jury meets today to pick winner")
Banking, between the lines
An arcane subject like banking has been brought to life in 'Roller Coaster' with all the elements of a fictional account-the characters, drama, and intrigue
 "Banking, between the lines")
Leader in tech, laggard in succession systems
It is difficult to reconcile the ultra-modern technology-driven banking sector with its poor record on customer service, including on the succession front