Page 18 - Banking

Top headlines: JioMart Express pilot to start, the oil price conundrum

Business Standard brings you the top headlines at this hour

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.

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.

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

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.

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

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

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.