Page 22 - Banks

China bank lending tumbles more than expected on tepid credit demand

Chinese banks extended 260 billion yuan ($36.26 billion) in new yuan loans in July, down nearly 88% from the previous month and also missing analysts' forecasts

Ease in perpetual bond valuation norms set to revive market, say investors

Banks had slowed issuing the notes as the 2021 valuation norm change hurt appetite. In January this year, they had sought a relaxation

Banks offer up to 9% interest on FDs; check detailed rates of various banks

Fixed deposit rates are directly affected by the change in repo rate. Small finance, private, public, and foreign banks hike fixed deposit rates up to 9% annually, providing lucrative options for save

Neo Group raises $47.6 million led by MUFG Bank, Euclidean Capital

The capital raised will be used to expand the company's wealth management division and support its asset management business

Banks should offer innovative products, service to garner deposits: Das

However, the governor did not give any specific instructions as far as interest rates on deposits are concerned

RuPay credit card on UPI to earn equal rewards like other cards from Sept 1

The RuPay credit card issuing banks must abide by the contents of the circular by September 1, 2024, according to the NPCI

Muted treasury gains for banks in Q1 FY25 due to new investment norms

Under the new norm, banks must categorise bonds as HTM on a permanent basis, with the exception of 5% of the portfolio that can be withdrawn throughout the year

Allocated Rs 633 cr for ECL provisions: Jammu & Kashmir Bank MD & CEO

This journey over the past two and a half years has been remarkably engaging and incredibly interesting for me, Baldev Prakash, Jammu & Kashmir Bank, MD & CEO

Discouraging retail play in F&O may help banks attract more deposits: Khara

Regulatory moves discouraging retail investors' derivative market bets may help the banking system garner the much-needed deposits, SBI Chairman Dinesh Kumar Khara has said. Khara said the budget announcements like the tweaks on the short-term and long-term capital gains will not lead to much gains from a deposit accretion perspective. "F&O (future and options) kind of things are being discouraged for the retail (investor) by the regulator. Those who are resorting to such kind of an instrument, they might come back to the banking system," Khara told PTI over the weekend. It can be noted that concerns over losses incurred by 90 per cent of investors in the derivative trades have led to fears of household savings being blown in speculation rather than being deployed for productive purposes among policymakers. As per capital markets regulator Sebi, retail investors lost Rs 52,000 crore in such activity in FY24 alone which necessitates a clampdown. Sebi has come up with a seven-point

Small banks' digital payment services affected in cyberattack on tech firm

Ransomware attack on C-Edge Technologies on Wednesday prompts NPCI to security review

Bank of Baroda Q1 results: Net profit rises 9.5% at Rs 4,458 crore

Sequentially, the profit declined from Rs 4,886 crore in Q4FY24. Bank's stocks closed 0.94 per cent lower at Rs 253.85 on Wednesday

Bank holidays in August 2024: Here's the national and state-wise list

In total, banks will be closed for 13 days in August 2024

CSB Bank Q1 results: Net profit drops 14% to Rs 113 cr as provisions rise

The provisions for non-performing assets rose 273 per cent to Rs 20 crore from Rs 4 crore in Q1 FY24

Axis Bank Q1FY25 results: Net profit increases 4% to Rs 6,035 crore

The bank's net interest income (NII) increased 12 per cent year-on-year (Y-o-Y) and 3 per cent sequentially to Rs 13,448 crore in Q1FY25, aided by steady growth in advances

Sustaining good times: CEA Nageswaran for more gap between NPA cycles

Asset quality improved across all significant sub-sectors within the industrial sector, barring vehicles and transport equipment

Muharram 2024 holiday: Banks, stock market, schools shut today; know more

Muharram is a public holiday in India, leading to the closure of banks, schools, and government offices

Banks to equity fundraise Rs 40,000 crore in H2FY25 to boost balance sheets

State-run banks Punjab National Bank and Bank of Maharashtra are leading the fundraising with both seeking Rs 7,500 crore each

Banks to be closed on July 17 for Muharram in these states: Check details

Customers can still use ATMs, online banking, mobile apps, bank websites, net banking to access banking services

Goldman Sachs profit more than doubles in June quarter, beats expectations

The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings

HDFC Bank, JPMorgan Chase: Top 25 global banks' m-cap hits $4.11 trn in Q1

The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)