Page 28 - Banking

HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments

Unlock BFSI 2.0: Banking — Capital is the key

In this special Business Standard webinar, where RBI Governor Shaktikanta Das delivers the keynote address, the biggest names in the banking industry discuss the importance of capital in these times >

Ujjivan Small Finance Bank expects decline in interest, fee incomes in FY21

The surplus liquidity carried as a buffer for the crisis period has led to a slight increase in finance cost for the last week of March

Hijacking bankers to catch swindlers won't work, consolidate relationships

The biggest victim is a state-dominated banking system that recoups very little from insolvent companies

Tamil Nadu bank branches to work with 50% staff under new guidelines

Move follows objection and strike threat by unions over earlier instruction calling for 100% attendance

Top headlines: Modi unveils Taxpayer Charter; India regains $2-trn m-cap

From India regaining $2-trillion market capitalisation to Centre giving 5-month extension to renewable projects, here are top headlines this morning

Axis Bank raises Rs 10,000 cr via allotment of equity shares to QIBs

The board of the bank had last month approved the Rs 15,000 crore fund raise plan. The QIP was okayed by shareholders at the annual general meeting held on July 31, 2020

HDFC Bank cuts MCLR by 10 bps across tenors, effective from today

After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to the HDFC Bank website

RBI to set up innovation hub for financial inclusion, efficient banking

The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services

RBI's draft code on governance: Pvt bank CEOs likely to get 15-year tenure

It could be applicable to both promoters and professionals, if allowed by the RBI

Yes Bank net profit declines 60% to Rs 45 cr in April-June quarter

The private sector lender had posted a net profit of Rs 113.76 crore in the same quarter previous fiscal

Banks, businesses debate decriminalising dishonouring of cheques

The government wants to change the law, more so in recent months as part of reforms helping business

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Bank employee unions demand 5-day working week to lessen Covid-19 exposure

The association noted that while whole world is carving for four-day working, the country is still looking for a way to opt for five-days banking.

Small NBFCs may face funding challenges again as banks get choosy: CARE

Outstanding bank lending to NBFCs declined marginally to Rs 8.04 trn in May 2020 from Rs 8.12 trn in April 2020, according to RBI data

The perils of name lending: Banks count cost of loans in NMC collapse

Borrowing on the basis of reputation, known as "name lending", and taking on a large exposure to one person or entity is not unusual in the Gulf region

Banks must raise capital well in time to build resilience: RBI Governor

Building buffers and raising capital (for all kind of banks) will be very crucial for credit flow and resilience in financial system, says Shaktikanta Das

Ensure bankers' safety, take stern action against unruly: FinMin to states

Department of Financial Services asks for action against 'unruly behaviour' after at least two attacks on employees of state-owned banks.

Banks go for stress test to assess the impact of Covid-19 on bad loans

Banks have undertaken stress tests to assess the level of non-performing assets caused due to economic slowdown triggered by the outbreak of Covid-19

A radical overhaul of bank governance

The prosaic truth is that corporate governance just doesn't happen