Page 6 - Banking
Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance
They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month
 "Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance")
Indian banks' gross bad loan ratio may edge up by March 2026: RBI report
The bad loan ratio could rise to 5 per cent and 5.3 per cent under two separate high-risk scenarios
 "Indian banks' gross bad loan ratio may edge up by March 2026: RBI report")
Mutual funds increase exposure to banking, IT stocks amid outperformance
Compared to a 6.5 per cent fall in the Nifty 50 during the October-November period, the Nifty IT index rose 2.9 per cent, and the Nifty Bank index declined 1.7 per cent
 "Mutual funds increase exposure to banking, IT stocks amid outperformance")
Banking liquidity deficit hits highest in 6 months on advance tax payments
Indian companies' advance tax payments, which come due in the last month of each quarter, are adding to the liquidity strain
 "Banking liquidity deficit hits highest in 6 months on advance tax payments")
Barclays reaches $19.5 mn settlement over $17.7 bn debt sale blunder
A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court
 "Barclays reaches $19.5 mn settlement over $17.7 bn debt sale blunder")
Bill to push banking reforms, strengthen governance gets Lok Sabha nod
Proposes up to 4 successive nominations by bank a/c holders
 "Bill to push banking reforms, strengthen governance gets Lok Sabha nod")
'Har Ghar Lakhpati': State Bank of India's new mantra for deposit accretion
Country's largest lender ups the ante for resources with two new schemes set to launch this month
 "'Har Ghar Lakhpati': State Bank of India's new mantra for deposit accretion")
Govt to revamp infrastructure lender IFCI by shutting its lending ops
The government plans to infuse Rs 500 crore into IFCI this year
 "Govt to revamp infrastructure lender IFCI by shutting its lending ops")
Beating insurance mis-selling by banks: Use e-banking, reduce branch visits
Echoing her views, Debasish Panda, chairman of the Insurance Regulatory and Development Authority of India (IRDAI), also underscored growing concerns regarding banks mis-selling insurance products
 "Beating insurance mis-selling by banks: Use e-banking, reduce branch visits")
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")