Page 77 - Banks

Global banks may lose more than $6 billion from Archegos Capital fallout

Japan's Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Banks to conduct special clearing operations for closure of govt accounts

Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said.

Asia Pacific banks to face portfolio valuation losses as yields rise: Fitch

A rise in yields for long-dated sovereign bonds will result in near-term losses for the A-Pac banks as they recognise valuation changes on their available-for-sale bond portfolios, according to Fitch

Govt may seek details of interest on interest charged by banks

Government may ask banks to provide details of interest on interest collected by them for loans exposure of over Rs 2 crore.

Breezy summer ahead for consumer durables financiers, say analysts

Strong product demand is expected to drive loan book of lenders

Banks to send more cases to bankruptcy courts even as old ones lie stagnant

Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in the coming week

Cheque clearing to be done at all bank branches by September 30

The measure was first announced during February policy meet of RBI, but the guidelines were to be issued by March

Nationwide bank strike: Cheques worth Rs 16,500 crore stuck

A nationwide strike called by the United Forum of Bank Union in protest against privatisation of the government banks has begun

Maintain separate category for Covid-19 moratorium seekers: RBI to banks

Step will help banks, financial institutions separate regular debt restructuring and those availed due to the pandemic

Government-owned bad bank is more capital efficient: Report

A brokerage has called for government ownership, saying state-funding is more capital efficient

Banks write-off Rs 1.15 trn in 9 months of FY21: Anurag Thakur to Lok Sabha

Replying to another question, Thakur said various measures have been taken to check unauthorised digital lending platforms

Cash logistics business is on the cusp of change as digital payments soar

Deregulation of the currency chest system will act as the game changer

PM Narendra Modi urges banks to lend to start-ups and MSMEs amid Covid-19

Calls for effective participation of public sector in banking and insurance

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