Page 14 - Banks
Is 'one state, one RRB' plan right solution for struggling banks?
Do we need RRBs? Regional rural banks are fraught with problems, from financial to governance issues
 "Is 'one state, one RRB' plan right solution for struggling banks?")
RBI-NBFC meet: Shadow banks seek new funding as bank credit tightens
RBI governor nudges NBFCs towards Unified Lending Interface
 "RBI-NBFC meet: Shadow banks seek new funding as bank credit tightens")
RBI lifts restrictions on Kotak Mahindra Bank on onboarding new customers
In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems
 "RBI lifts restrictions on Kotak Mahindra Bank on onboarding new customers")
Supply of affordable housing down but not demand: HDFC Capital MD & CEO
HDFC Capital Advisors MD and CEO Vipul Roongta on Tuesday said the supply of affordable housing has gone down across major cities but not the demand, and urged real estate developers to focus on building homes costing Rs 50 lakh to Rs 1 crore. Addressing a FICCI real estate conference here, Roongta also noted that the euphoria seen in the last few years about housing price appreciation has vanished. "I keep reading about how demand for affordable is going down, and how the demand for premium has gone up. It's actually not that the demand has gone up for premium. It is the supply of affordable that has gone down," said Roongta, who is Co-Chairman, FICCI Committee on Urban Development & Real Estate. He said the supply of housing units, in Rs 35-75 lakh price bracket, has abysmally gone down leading to decline in sales, which is being wrongly interpreted as that the demand of affordable units is going down. "We just launched a project with one of our industry developers in Gurugram, .
 "Supply of affordable housing down but not demand: HDFC Capital MD & CEO")
RBI to introduce exclusive internet domains for banks and non-banks
RBI proposes additional factor authentication (AFA) for online international 'card-not-present' transactions
 "RBI to introduce exclusive internet domains for banks and non-banks")
Q3 results review: Low core income, slippages hit banks' profitability
The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially
 "Q3 results review: Low core income, slippages hit banks' profitability")
Morgan Stanley-led banks sell $5.5 billion of X debt on demand surge
The banks initially planned to sell about $3 billion worth of the loan but received enough interest to parcel out additional debt
 "Morgan Stanley-led banks sell $5.5 billion of X debt on demand surge")
Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore
Bank has imitated legal action against the GST demand
 "Jammu and Kashmir Bank receives GST notice of over Rs 16,000 crore")
Punjab National Bank eyes $1.96 billion bad loan recovery in FY25, says CEO
PNB's asset quality has improved over the last two years, after a debilitating corporate bad loan cycle between 2011 and 2019
 "Punjab National Bank eyes $1.96 billion bad loan recovery in FY25, says CEO")
Customer centricity will be our focus area: Indian Bank MD Binod Kumar
My expectation is there will be some moderation in credit growth while deposit growth may improve, said Indian Bank MD Binod Kumar
 "Customer centricity will be our focus area: Indian Bank MD Binod Kumar")
Maha Kumbh: From insurance to FMCG firms, businesses tap into spiritual mkt
Banks, insurance firms, FMCG majors set up booths; hotel rates, airfares hit the roof
 "Maha Kumbh: From insurance to FMCG firms, businesses tap into spiritual mkt")
Tamilnad Mercantile Bank draws up road map for biz, tech transformation
Bank takes on board McKinsey, Deloitte and Oracle to realise goal
 "Tamilnad Mercantile Bank draws up road map for biz, tech transformation")
Banks, importers seen lapping up India central bank's $5 billion FX swap
Central bank will conduct a 6-month dollar/rupee buy-sell swap, one of its many planned measures aimed at injecting liquidity worth about Rs 1.5 trillion ($17.33 billion) into the banking system
 "Banks, importers seen lapping up India central bank's $5 billion FX swap")
Indian Bank announces Q3 FY25 results: Net profit rises 32% to Rs 2,910 cr
Asset quality and 'efficiency parameters' help business growth, says Chennai-based lender
 "Indian Bank announces Q3 FY25 results: Net profit rises 32% to Rs 2,910 cr")
Shivalik Small Finance Bank offers 9.30% interest to senior citizens on FD
Lender offers interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on select tenures
 "Shivalik Small Finance Bank offers 9.30% interest to senior citizens on FD")
No GST on penal fees for loan non-compliance, says finance ministry
The RBI in its circular had directed regulated entities to replace "penal interest" with "penal charges" for borrowers who fail to comply with loan terms
 "No GST on penal fees for loan non-compliance, says finance ministry")
Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar
He further stated that as technology, especially artificial intelligence (AI), rapidly advances, the banking sector must adapt
 "Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar")
Banks NPAs may dip to 2.4% by March despite stress in retail loans: Fitch
Robust growth, recoveries & write-offs to offset rise in slippages
 "Banks NPAs may dip to 2.4% by March despite stress in retail loans: Fitch")
Restrictions on bancassurance may not be a great step: HDFC Life's Padalkar
Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches
 "Restrictions on bancassurance may not be a great step: HDFC Life's Padalkar")
Budget 2025-26: Banks expect steps for deposit mobilisation, tax breaks
Tax incentives will help sector as loan growth slows down, say experts
 "Budget 2025-26: Banks expect steps for deposit mobilisation, tax breaks")