Page 4 - Banking
Guru Nanak Jayanti 2024: Are banks closed on Friday, November 15?
Guru Nanak Jayanti bank holiday 2024: Banks will remain shut in several states on Friday, November 15, 2024, due to Guru Nanak Jayanti and Karthika Purnima. Check the state-wise list here
 "Guru Nanak Jayanti 2024: Are banks closed on Friday, November 15?")
IndusInd keeps 'buy' tag after disappointing Q2 results' bring down stock
Most analysts expect the bank to return to stronger margins and optimise lending portfolio
 "IndusInd keeps 'buy' tag after disappointing Q2 results' bring down stock")
Panel Discussion: Public markets puzzle for PE
Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.
 "Panel Discussion: Public markets puzzle for PE")
Panel Discussion: Too many challenges in General Insurance sector
Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.
 "Panel Discussion: Too many challenges in General Insurance sector")
Address & Fireside chat with Dr V.Anantha Nageswaran, CEA, Govt of India
Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.
 "Address & Fireside chat with Dr V.Anantha Nageswaran, CEA, Govt of India")
Fireside Chat KV Kamath, Independent Director and Non Executive Chairman, Jio Financial Services
Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.
 "Fireside Chat KV Kamath, Independent Director and Non Executive Chairman, Jio Financial Services")
Panel Discussion: Fed or Food?
Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.
 "Panel Discussion: Fed or Food?")
Panel Discussion: Banking on Bricks
Business Standard BFSI Insight Summit brings together thought leaders from India’s financial landscape, including regulators, leading banks, NBFCs, mutual funds, and insurance companies.
 "Panel Discussion: Banking on Bricks")
DBS Bank nominates Rajat Verma to be next India unit CEO, say sources
Rajat Verma was appointed DBS managing director and head of institutional banking for India last year
 "DBS Bank nominates Rajat Verma to be next India unit CEO, say sources")
BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath
Business Standard BFSI Summit highlights: Catch all the updates related to the BFSI summit here
 "BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath")
BFSI summit highlights: Not acquisition but integration a challenge, says Razorpay's MD
Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here
 "BFSI summit highlights: Not acquisition but integration a challenge, says Razorpay's MD")
SBI to outsource running of 40% of onsite ATMs, marking largest such order
Lender to issue proposal in 45 days, had 63,580 such machines in FY24
 "SBI to outsource running of 40% of onsite ATMs, marking largest such order")
RBL Bank Q2 results: Net profit falls 24% to Rs 223 cr on rising expenses
The net interest income (NII) of the bank rose by 9 per cent in the reporting quarter to Rs 1,615 crore from Rs 1,475 crore
 "RBL Bank Q2 results: Net profit falls 24% to Rs 223 cr on rising expenses")
Up to 65 weak Urban Cooperative Banks to exit turnaround regime by March
PCA will replace the existing SAF from the beginning of the new financial year - Apr 2025. During FY24, 122 UCBs across the country came out of SAF. The number of UCBs stood at 1,470 at end of Mar '25
 "Up to 65 weak Urban Cooperative Banks to exit turnaround regime by March")
Banking system liquidity improves to 1-month high on back of govt spending
"Government spending is the reason for the rise in liquidity. It might improve further but there will be some action by the RBI to manage liquidity," said Indranil Pan, chief economist, YES Bank
 "Banking system liquidity improves to 1-month high on back of govt spending")
7-Eleven's retail empire includes banking, US' now bankrupt Tower Records
The Japanese retailer originated as a clothing store a century ago and evolved into a general merchandiser, selling everything from groceries and sundries, to clothing and home goods
 "7-Eleven's retail empire includes banking, US' now bankrupt Tower Records")
Best of BS opinion: Lessons from the Wayanad tragedy, banking for growth
Here is the best of Business Standard's opinion pieces for today
 "Best of BS opinion: Lessons from the Wayanad tragedy, banking for growth")
Banking for growth: PMJDY has improved financial inclusion. What next?
With deposit and credit facilities broadly in place, the government should now focus on spreading financial and digital literacy
 "Banking for growth: PMJDY has improved financial inclusion. What next?")
IBA likely to seek easing of proposed norms for retail deposits: Report
The RBI had sought feedback on the proposal until Aug 31, after which it would finalise them for implementation from April 2025
Small Finance Banks' loan growth to lower to 25-27% in FY25: CRISIL Ratings
Small Finance Banks' (SFBs) loan growth will moderate to 25-27 per cent in FY25 against 28 per cent in FY24, a domestic rating agency said on Monday. Crisil Ratings said though a tad lower, the advances growth will be robust and driven by factors like segmental and geographical expansion by the entities. While capital buffers remain healthy, SFBs will face challenges in mobilising deposits and their costs and will explore alternative, non-deposit avenues to fund credit growth, the agency said. The asset growth will be driven by traditional microlending being the most popular and new ones like mortgages, small businesses or even unsecured loans. "Credit growth in new asset classes is seen at 40 per cent this fiscal, while that in traditional segments will be 20 per cent," its senior director Ajit Velonie said. He added that the share of new asset classes will cross 40 per cent by the end of March 2025 on the back of the faster growth and underlined that most of the asset ...
