Page 19 - Banking
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.
 "RBI extends restrictions on Karnataka's Millath Co-Operative Bank till May")
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.
 "Ujjivan SFB to raise Rs 600 cr in equity; expects to report profits in Q4")
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
 "PE firm Advent eyeing $1 billion investment in Yes Bank: Report")
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
 "Karur Vysya Bank Q3 net profit jumps multi-fold to Rs 185 cr")
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)
 "RBI imposes restrictions on Indian Mercantile Cooperative Bank Ltd")
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
 "State Bank of India tweaks recruitment rules for pregnant women candidates")
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.
 "S&P upgrades outlook on Axis Bank to positive on improved asset quality")
SBI Cards net profit rises 84% to Rs 386 crore in December quarter
Its interest income rose by 9 per cent year-on-year to Rs 1,273 crore
Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr
Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI data showed
 "Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr")
Citigroup Q4 profit drops on higher expenses, consumer banking weakness
Profit fell to $3.2 billion, or $1.46 per share, in the quarter ended Dec. 31, from $4.3 billion, or $1.92 per share, a year earlier.
 "Citigroup Q4 profit drops on higher expenses, consumer banking weakness")
Bank credit grows 9.16%, deposits up 10.28%, says RBI data
In the previous fortnight ended December 17, 2021, bank advances had risen by 7.27 per cent and deposits went up by 9.58 per cent
 "Bank credit grows 9.16%, deposits up 10.28%, says RBI data")
Libor, the most important number in international finance, dies at 52
The interest benchmark once underpinned more than $300 trn in financial contracts but was undone after a year long market-rigging scandal came to light
 "Libor, the most important number in international finance, dies at 52")
Covid-19 pandemic: Omicron spread may disrupt growth momentum, says IBA
Impact may not be severe as first, second waves
 "Covid-19 pandemic: Omicron spread may disrupt growth momentum, says IBA")
CSB Bank MD&CEO retires early, lender to set up panel to find successor
CSB Bank on Saturday said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. This is to inform you that the bank's board in its meeting held on January 8, 2022, considered and accepted the request of C VR Rajendran to take an early retirement from the position, to take care of his health under the advice of his physicians, CSB Bank said in a regulatory filing. The board has further requested Rajendran to continue in the office of MD & CEO till March 31, 2022, it said. Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022. "The board further decided to constitute a search committee comprising the chairperson of the Nomination and Remuneration Committee and two members of the board, to identify and evaluate candidates, from within or from outside, for the position of Managing Director & ...
 "CSB Bank MD&CEO retires early, lender to set up panel to find successor")
RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director
The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi's re-appointment for five years effective February 1, 2022
 "RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director")
RBL Bank's gross advances rise 5% to Rs 59,941 crore by Dec-end
The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year ago
 "RBL Bank's gross advances rise 5% to Rs 59,941 crore by Dec-end")
Bandhan Bank collection efficiency ratio increases to 93 pc in December
Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31
 "Bandhan Bank collection efficiency ratio increases to 93 pc in December")
Large, mid-sized banks report 11-23% loan growth in December quarter
Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021
 "Large, mid-sized banks report 11-23% loan growth in December quarter")
RBI cancels authorisation certificates of two payment system operators
Both the Payment System Operators (PSOs) had authorisation for issuance and operation of prepaid payment instruments