Page 91 - Banks

Restrictive regulatory regime

Rather than inject fresh capital only into banks that transgressed most, and punish all equally with draconian restrictions for transgressions of few, a judicious lowering of CARs will help all banks

Non PCA State-run banks to retain loan market share at 51% medium term

The RBI started this punitive action these bank's bad loans ballooned to high double digit levels

34 in fray for MD post in BoB, UCO Bank, other PSBs; interview next week

This is the first time in so many years that deputy managing directors of SBI will appear for interview for the post of MDs

Temasek Holdings pays Rs 10 billion for 5% stake in Au Small Finance Bank

The capital is expected to support the bank's organic business growth in the current financial year (FY19) and the next (FY20).

Banks to face bigger challenges than NPAs in the coming years, says SBI

The coming years will be very challenging for banks which will have to look beyond the bad loan resolution and address pressing issues such as frauds, cyber security and governance, SBI has said. The operating environment has become increasingly complex, the state-owned bank said in its Annual Report 2017-18. Resolution of stressed assets has progressed satisfactorily and the final outcome will take some more time to reflect in the profit and loss (P&L), it said, adding that this delay is mainly because new laws take some time to mature in practice, . "The coming years will be very challenging for the banking system as a whole," said the country's largest lender. "The structural transformation of banks must move beyond the non-performing asset (NPA) resolution and address other pressing issues, such as frauds, customer retention and servicing , human resource, cyber security and governance," it added. Of all the 21 public sector banks (PSBs), 19 have registered a staggering loss .

Banks fund agricultural technology companies for rural lending

YES Bank said it was partnering several fintechs to offer differentiated banking services in rural pockets of the country

SBI raises lending rates by 10 bps, followed by PNB, ICICI Bank, HDFC

SBI's one-year MCLR, which most loans are based on, is now 8.25%

How $30 bn hit looms for banks if new accounting rule kicks in on April 1

If advances grow more than 7 per cent or 8 per cent, banks may need $14 billion toward additional provisioning even after the recapitalization IndAS estimates

No proposal of PSB merger under consideration: Govt

To facilitate consolidation in the public sector banking space, the Cabinet in August gave in-principle approval for PSBs to amalgamate through an Alternative Mechanism

Record share sales bring Indian banks little cheer in the way of fees

For banks which arrange the sales, fees earned as a percentage of funds raised hit the lowest in four years

Banks rally as Moody's upgrades India's rating

State Bank of India (SBI), Punjab National Bank, Bank of Baroda, ICICI Bank, Canara Bank, Axis Bank, Allahabad Bank, IDBI Bank, Bank of India and Syndicate Bank were up 2% to 4% on the NSE

64% of Indians used banks, more than in Bangladesh, Nigeria, Pakistan

As many as 68% said they had access to a mobile phone while only 26% said they had ever received or sent a text message

France steps up efforts to lure London banks to Paris

There's fierce competition between Paris, Frankfurt, other European cities to woo London-based banks

Italian banks sink on early election worries

European share prices were lower overall, but Italian banks fell

Trouble ahead for banks

Higher provisioning to dent profit, return ratios of most in Q4 and beyond

At 5%, FY17 bank credit growth slowest in 60 years

In the year to March 2016, banks reported a credit growth of 10.69 per cent at Rs 75.30 trillion

Banks, technology firms battle over your data

Banks like J P Morgan Chase and Wells Fargo say they want to give consumers access to their data

RBI puts 4 public sector banks under watch on asset quality concerns

UCO Bank also figures in the list and the name of fourth lender could not be immediately ascertained

Finance Ministry calls banks to discuss new facility to drain cash

The Finance Ministry wants to discuss implementing new framework called 'standing deposit facility'

Deadline for bank book clean up remains March 2017: Mundra

Banks were told to identify stressed assets and make prudential provisions for them, said Mundra