Page 92 - Banks

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

Banks want RBI to relax debt recast guidelines

Restructuring in limbo as promoters refuse to provide personal guarantees

Exit non-core businesses: Finance ministry advises state-owned banks

This is part of capital raising exercise for banks

With liquidity worry, banks return to CD market

Traditionally by the financial year-end, banks do issue a huge amount of CDs

Banks push debt-heavy firms to sell assets by March

Focus is on recovering part of the money from large borrowers before the close of the financial year

Banks raise Rs 25,000 crore via AT-1 bonds in Apr-Dec 2016

ICRA said the capital requirement for PSBs in 2016-17 is pegged at Rs 45,000-50,000 crore

In November, banks' exposure in all major industries shrank

The infrastructure sector saw a dip of 6.7% in the year to November 25

Banks' financials may improve in Q3

In the same quarter a year before, most of them had reported a dismal performance

Bank margins face multiple headwinds

While rate cuts may increase churn between banks, these may not boost credit off-take meaningfully

Banking funds top sector performer in 2016

Banking funds have emerged the top performers among sectoral ones in calendar year 2016, beating other categories such as pharmaceuticals, information technology (IT), fast moving consumer goods (FMCG) and infrastructure.Banking funds have given a one-year return of 8.7 per cent, shows data from Value Research. The only other category which has given a positive return this year is infrastructure (0.5 per cent). FMCG, IT and pharma funds have seen a decline of 1.3 per cent, seven per cent and 13.5 per cent, respectively.In the past year, banking funds have also outperformed the general benchmark indices on the two major bourses, the Sensex and the Nifty (returns under one per cent), as well as the Nifty Bankex index (6.3 per cent). This is despite the underperformance of these funds in the past month, due to the unexpected increase in cash reserve ratio by the Reserve Bank of India in late November and subsequent status quo on key policy rates. In the past month, the category has shed .

The fine print is key: Know your rights as a bank customer

Don't do banking transactions without being fully aware of the fine print

Bank shares erase early gains as RBI keeps repo rate unchanged

PNB, Federal Bank, BOB and YES Bank were down 2% to 4% from intra-day highs

Phishing website spoof 26 banks, including SBI, ICICI: US Report

Researchers from US-based cyber security company FireEye have claimed discovering malicious phishing websites created by cyber criminals that spoof 26 Indian banks to steal personal information from customers.

Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

Deposits above Rs 2.5 lakh: Don't panic if you receive the I-T notice

If you are unable to give a satisfactory explanation about source of income, proceedings and penalties can follow

Cash-stuffed banks grapple with storage, hike cover

The problem of currency accumulation is acuter in smaller and rural branches, which are running short of staffs

Co-op banks approach RBI as PSBs limit cash flow to them

There are 1,579 cooperative banks across the country and they have 10,000 branches and close to 3,000 ATMs

Incremental stress on bank books coming down, says RBI official

Public sector bank executives said the fall in addition was small but reflected gradual changes due to a slew of steps to control NPA slippage

Banks face weak third quarter

But they may emerge stronger than NBFCs in three-six months

Banks expect 5/25, SDR cases to increase as new debt resolution scheme kicks in

NPAs and provisioning requirement for banks to come down