Page 2 - Banks

India allows European Union banks to open 15 branches in four years

India will allow EU banks to open up to 15 branches over four years under the trade pact, while Indian banks will face no such cap in the EU

Unions call nationwide strike a success; no disruption, say bankers

Demanded five-day work week including all Saturdays

Directors' cut: Bank board reform hangs in balance amid governance rethink

As the banking landscape grows more complex, board oversight requires urgent finetuning. Expect Mint Road to tighten governance frameworks

Banks raise Rs 89.5k crore via CDs in December fortnight, rates surge

Banks raised Rs 88,512 crore through certificates of deposit in the last fortnight of December as deposit growth lagged credit growth, pushing short-term borrowing rates above 7 per cent

Haryana Gramin Bank sets up IPO cell, aims to approach regulator soon

Haryana Gramin Bank has set up a dedicated IPO cell and, with support from PNB, plans to approach Sebi for listing by the end of the year, aiming to boost transparency and growth

Analysts bullish on Federal Bank as growth to sustain under new leadership

Emkay Global Research, JM Financial, and Elara Capital hiked target price of Federal Bank.

The long road to recovery: Need to expand NCLT strength to reduce delays

India's bad loan problem is easing, but rising delays at the NCLT highlight the urgent need to expand tribunal strength to speed up insolvency resolution

NBFCs seek lower Sarfaesi limit for debt resolution, better harmonisation

Non-banking financial companies are taken up the matter with the Reserve Bank of India and the ministry of finance, seeking the same threshold that banks and some other lenders enjoy

AIBOC flags security lapses, seeks curbs on bank officers' election duties

AIBOC has urged the ECI and DFS to curb election-related deployment of PSU bank officers in West Bengal, citing security lapses, discrimination and disruption to core banking work

RBI asks banks to meet forex risk capital norms on continuous basis

The RBI has proposed changes to how banks calculate net foreign exchange exposure, requiring them to maintain capital for forex risk on a continuous, end-of-day basis

Can't treat compliance as a quarter-end activity: RBI DG Swaminathan J

RBI's Swaminathan urges banks to strengthen compliance, operational resilience, data governance, and third-party risk management to prevent disruptions and improve supervision

Optimum credit-deposit ratio for banks is 76-80%, says SBI report

CD ratio of banks stood at 82% as of December 15

RBI advocates disclosure of NPA, penalties & inspection info; banks oppose

Four major banks -- Bank of Baroda, RBL Bank, Yes Bank and State Bank of India -- have approached the CIC objecting to the disclosure of information such as the list of defaulters and NPA, penalties and inspection reports, even as the RBI termed the records "liable to be disclosed" under the RTI Act. RTI applicants Dheeraj Mishra, Vathiraj, Girish Mittal and Radha Raman Tiwari had filed separate applications with the RBI, seeking information, such as the top 100 NPAs, willful defaulters of Yes Bank, the inspection report of the SBI and RBL, and documents relating to a Rs 4.34 crore monetary penalty imposed following statutory inspection findings from the Bank of Baroda, respectively, among others. These banks appealed before the Central Information Commission, after the bankers' bank found that the information sought by RTI Applicants could be disclosed under the provisions of the Right to Information Act. Information Commissioner Khushwant Singh Sethi referred the matter to a large

Compliance to compassion: A cultural shift at India's financial regulator

A cultural shift for India's financial regulator - from rule-based monitor to human-centred facilitator

Banker's promise: Building trust for tomorrow in India's banking system

Banks are no longer perceived as buildings or branches but as experiences - instant, intuitive, transparent and ethical

GST cuts, festival season drive mcap gains at 17 of top 20 listed banks

IDFC First Bank recorded the sharpest increase, with its market cap jumping 43.8 per cent in the quarter, pushing the Mumbai-based lender to 13th place from 17th in the rankings

Banks see strong deposit growth in Q3 outpaced by rapid credit expansion

HDFC Bank's C/D ratio surges to 99.5%

Bank employees' unions threaten to go on nationwide strike on Jan 27

Bank employees' unions under the aegis of the United Forum of Bank Unions (UFBU) have threatened to go on a nationwide strike on January 27, demanding implementation of a 5-day week. If the strike materialises, it would have a significant impact primarily on the operations of public sector banks for three days in a row, as January 25 and 26 are holidays. At present, bank employees get off on the second and fourth Saturday of each month, apart from Sundays. Declaring the remaining two Saturdays as holidays was agreed between the Indian Banks' Association (IBA) and UFBU during the wage revision settlement in March, 2024. "It is unfortunate that the government is not responding to our genuine demand. There would be no loss of man-hours because we have agreed to an extra 40 minutes working per day from Monday to Friday," UFBU said in a statement. Already, RBI, LIC, GIC, etc., are working for 5 days a week, it said, adding that the foreign exchange market, money market, stock exchanges

Customer is the purpose

Banks exist to serve the customers, let us serve them well

Treasury income under pressure for banks in Q3 as yields stay elevated

RBI repo rate cuts fail to ease yields across tenors