Page 75 - Banks

Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data

Deposits rose 11.8%

Proposed ARC will not 'jeopardise' existing players: RBI governor

The ARC will not 'jeopardise' the activities of existing players in the space, Das said on Thursday

Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

PMLA case: Ex-ICICI Bank CEO Chanda Kochhar granted bail

Former ICICI Bank CEO and MD Chanda Kochhar was granted bail by a special PMLA court on Friday

Lenders sell Mallya's entire stake in Mangalore Chemicals and Fertilisers

The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues

Covid-19 pandemic sends French bank Societe Generale into the red

Lenders globally have been grappling with the effects of the health crisis and setting aside funds to deal with loans that could turn sour, though that pressure has begun to ease in recent months

Service complaints by bank customers rise 57% to over 300,000: RBI report

The disposal rate declined marginally to 92.36 per cent, as against 94.03 per cent in 2018-19 as the surging complaints had to be handled by the same number of staff

Ind AS adoption for banks could be deferred till FY24, say sources

Extended dispensation on capital conservation buffer and SLR holding in HTM instruments point at a delay in adoption

ICICI Bank, MUFG Bank tie up for serving Japanese firms operating in India

The tie-up is set to focus on the business generated by companies from the eastern Asian country present in India

RBI imposes Rs 55 lakh penalty on Pune-based Seva Vikas Cooperative Bank

A notice was issued to Seva Vikas Cooperative Bank advising it to show cause as to why penalty should not be imposed on it for such non-compliance with the directions

Germany lays out reform of banking watchdog after Wirecard fraud

The acknowledgement of problems was a fresh indictment of Germany's supervision of a company that began by processing payments for gambling and pornography before becoming a star of fintech

Bad loans fall to Rs 8.08 trn in Sep 2020 from Rs 10.36 trn in Mar 2018

Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday

IDBI Bank shares gain over 2% after third quarter earnings

The firm reported a standalone net profit of Rs 378 crore for the December quarter

Canara Bank Q3 net down 9% to Rs 696 cr due to higher provisioning

Gross NPAs drop 236 bps to 7.46%, net NPAs down 298 bps to 2.64%

Banks in India ready for transition, but the world still loves Libor

Libor era ends this year, and banks across the globe will have to shift to an alternative rate. Two popular choices available only have a few swap deals linked to them

Migration from cash-based economy to digital is a work in progress: RBI

Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems

SBI, ICICI Bank, HDFC Bank remain systemically important banks, says RBI

SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.

Yes Bank board of directors to meet on Friday to consider fund raising plan

The board will consider a proposal for further fundraising through various means

Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid

With this Piramal succeeds in getting the requisite 66 per cent voting, says source

JPMorgan profit jumps 42% on reserve release, investment banking strength

The big US lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses