Page 78 - Banks

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

NBFCs urge RBI to relax compliance rules as they convert into banks

Seek leeway on reserve ratio, priority sector and sectoral exposure

CBI registers case against pvt firms for causing Rs 4,736 cr loss to banks

The Central Bureau of Investigation has registered a case against a private company based at Hyderabad on allegations of causing loss to banks to the tune of approximately Rs 4,736.57 crore

Pvt banks report healthy deposit accretions, sluggish advances growth in Q3

Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter

Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips

Business Standard brings you top news of the evening.

The concerns that kept moratorium and restructuring requests down

Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said

Liquidity returns to banking system, interbank call rates softening

This indicates that the liquidity deficit witnessed after December 15 was mainly because of advance tax outflow, and not because of any extra effort by the central bank to drain out liquidity

Retail lending by banks shrinks sequentially in November, up 10% YoY

Within this space, vehicle loans continued to perform well, growing at an accelerated 10% this November, compared to 4.7% a year ago, RBI said in statement