Page 12 - Banks

Business of trust: IndusInd Bank events raise concerns over governance

While the bank has tasked an external agency to review the issues, reports suggest that discrepancy arose on account of derivatives positions taken by the bank to hedge its foreign-exchange exposure

IndusInd bank raises additional Rs 2,750 crore via CDs, says CCIL data

On Monday, the lender had raised Rs 11,000 crore by issuing CDs across a range of maturities, with coupon rates varying between 7.80 per cent and 7.90 per cent

Parliamentary panel raises concern over dip in CASA ratio for banks

The standing committee also emphasised that by fostering a secure banking ecosystem and prioritising technological advancements

EXIM Bank recruitment 2025: Check vacancies, salary, and steps to apply

EXIM Bank issued a recruitment drive for various roles including Management Trainee, Deputy Manager, and Chief Manager. The online application process will be held between March 22 and April 15, 2025

Customer first: Banks must focus on customer service across the system

Given that India has seen a significant adoption of digital payments, the quality of service in the banking and financial sector has become extremely important

Public sector banks must plan timely capital raise, says M Nagaraju

Each bank has its own unique set of challenges, manpower, systems, capabilities, and infrastructure

New India Bank case: Accused surrenders before EOW; six arrested so far

The Economic Offences Wing (EOW) of Mumbai police on Sunday arrested a wanted accused in the Rs 122-crore embezzlement at New India Cooperative Bank, an official said on Sunday. Arunachalam Ullahanathan Maruthuvar (62), who had been absconding for the past month, surrendered at the EOW office in south Mumbai in the morning. He was produced in a court which remanded him in police custody till March 18, the EOW official said. This is the sixth arrest in the case. According to police, Arunachalam received nearly Rs 30 crore of the misappropriated funds from the prime accused Hitesh Mehta, the cooperative bank's former general manager and head of accounts. The anti-financial crime unit on Friday arrested the wanted accused and civil contractor Kapil Dedhia from Vadodara in neighbouring Gujarat. A court here has remanded him in police custody till March 19. Police said Rs 12 crore of the embezzled fund was credited to his account. According to the police, Rs 122 crore was siphoned off

Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's

Funding tightness to abate as loan-to-deposit ratio stabilizes

IndusInd Bank's net worth to take 2.35% hit over account discrepancies

The Mumbai-based lender said the net worth impact emerged from internal derivative trades, which were not in compliance with rules enforced by the Reserve Bank of India from April 2024

NCLAT upholds NCLT's approval for delisting of ICICI Securities

Shareholders of ISec will receive 67 shares of ICICI Bank for every 100 shares held. Shares of ISec last closed at ₹795, while that of ICICI Bank ended at ₹1,215

RBI may have concerns about my leadership, says IndusInd MD & CEO

Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth

Banks cut high-cost deposits, low-yielding loans to protect margins

Bankers said that, given the pressure on interest margins, many lenders have reduced dependence on high-cost bulk deposits and scaled down exposure to low-yielding credit to NBFCs

IndusInd Bank CEO gets 1-year extension, short of board's recommendation

The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said

Small-cap banks take the lead in average spend per credit card transaction

Credit-card spending for January stood at Rs 1,841 billion, marking a two per cent slide month-on-month (MoM), but a strong 14 per cent year-on-year growth

RBL Bank appoints Agrawal as president of branch banking, Pari as COO

Agrawal has over 25 years of experience across deposits, lending, distribution and payments

Bank holidays in March 2025: Banks to remain shut for 14 days, check list

March Bank holidays: Banks are going to remain shut for 14 days in March 2025. People who have bank-related work pending should plan their visit accordingly. Check the complete bank holiday list here

Citigroup mistakenly credits customer account $81 trn in 'near miss'

A third employee caught the error one-and-a-half hours after the payment was processed and the transaction was ultimately reversed several hours later, FT said

Growth in personal loans slows down to 14.2% in Jan, shows RBI data

Personal loan growth slowed down to 14.2 per cent in the fortnight to January 24, 2025, mainly due to subdued credit offtake of vehicle loans and credit card outstanding, according to the Reserve Bank data. The RBI on Friday released data on sectoral deployment of bank credit for January 2025 collected from 41 select commercial banks, accounting for about 95 per cent of the total non-food credit deployed. On a year-on-year (y-o-y) basis, non-food bank credit as of the fortnight ended January 24, 2025, grew at 12.5 per cent (a three-month high) as compared to 16.2 per cent for the corresponding fortnight of the previous year (January 26, 2024), the RBI said. "Credit to personal loans segment registered a growth of 14.2 per cent (y-o-y) as on the fortnight ended January 24, 2025, as compared with 18.2 per cent a year ago, largely due to decline in growth rate in other personal loans', vehicle loans' and credit card outstanding' segments," it said. It further said that loan to ...

Tighter lending norms stymie Indian banks' loan growth for 7th month

Including the merger impact, loans grew 11.4% last month, compared with 20.3% in the year-ago period

India needs more global-scale banks for 2047 vision: DFS Secy M Nagaraju

Large banks also play a crucial role in the stability & growth of the global economy, with the resources & expertise to absorb shocks & manage risks better, ensuring stability in the financial system