Page 79 - Banks

Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report

Whole idea of launching TLTRO funds was to provide system level and targeted liquidity to sectors with liquidity constraints--something banks clearly did not do, shows Trend and Progress Report

Covid-19 times may usher in new opportunities for banking sector: RBI

The gross non-performing assets ratio of scheduled commercial banks fell from 9.1 per cent at end-March 2019 to 8.2 per cent at end-March 2020 and further to 7.5 per cent at end-Sept

Asset quality pressure on banks to moderate by FY22-end, says Icra

Maintains stable outlook on lenders, sees NPAs declining to 2.5% by March 2022, from estimated 3.1% in March 2021

ICICI Bank launches one-stop portal for foreign firms expanding in India

The platform offers banking solutions and value-added services such as business incorporation, corporate filings, licences and registrations, HR services, compliances and taxation

Banks ramp up cross-selling, aim to gain bigger share of customer's wallet

Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan

The pandemic bill for banks: Severe credit losses, operation turbulence

The bright spot is that global banking entered the crisis well capitalised and is far more resilient than it was 12 years ago

Banks should focus more on cash-flow based lending, says RBI Governor

In this regard, credit bureaus and the proposed Public Credit Registry (PCR) framework can improve the flow of credit as well as credit culture in the country, according to the governor

FSDC deliberated on challenges in transition from Libor-based contracts

In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard

Reserve Bank of India makes certain exceptions to current account norms

The RBI said on its statement that accounts for real estate projects for the purpose of maintaining 70 per cent of advance payments collected from the home buyers, can be maintained in separate banks

Free-for-all apps: Avail bank facilities even if you are not a card holder

ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days

France's SocGen to shut 600 branches by 2025 by merging retail networks

France's Societe Generale expects to shut 600 branches in France by 2025 with the merging of its two retail banking networks.

Dutch bank ABN Amro to shed almost 3,000 jobs in pull back from abroad

Its shares, which have lost almost half their value since the COVID-19 pandemic, fell almost 5% in early trading, after the bank delivered a cautious outlook for the years to 2024

Fintech company BharatPe aims to become a bank for small merchants

The firm, which provides technology and digital lending for offline businesses including kiranas, has witnessed $2-billion annualised business transactions for its POS segment in just three months

Why few NBFCs want to become banks despite RBI's new recommendations

Cost of doing business, regulatory arbitrage, customer profile key parameters

Good performance masks problem assets for Indian banks, says S&P

Tough for banks to keep NPA levels low in future

Banks union threatens strike against RBI Internal Working Group proposals

Says depositors lose their savings, wonders whether it is prudent to allow both the lender and the borrower to be owned by the same set of people

Equitas, Ujjivan: How to trade financials post RBI's ownership guidelines

Bajaj Finserv has surged over 50 per cent in less than 15 sessions.

On a new voyage: Why banks are scaling down their global ambitions

The heady days of setting up shop abroad by banks are over, and a nuanced and tech-based approach will be the way ahead, report Abhijit Lele and Raghu Mohan

It's not museums that continued collecting art during Covid-19 but banks

As pandemic-related shutdowns have entered their ninth month, banks have continued to collect, lend, and exhibit art. By comparison, 1 in 3 American museums never reopened after shutting down in March

Punjab & Sind Bank's board to consider plan for raising up to Rs 5,500 cr

State-owned Punjab & Sind Bank on Wednesday said the board of bank will meet later this week to consider raising up to Rs 5,500 crore by issuing shares on a preferential basis. "A meeting of board of directors of Punjab & Sind Bank is scheduled to be held on Saturday, November 21, 2020, for considering to offer, issue, create and allot equity shares up to Rs 5,500 crore (including preferential issue of equity shares)," the bank said in a regulatory filing. Shares of Punjab & Sind Bank on Wednesday closed 0.88 per cent up at Rs 11.40 apiece on the BSE.