Page 14 - Indian Banking Sector

PNB hikes FD interest rates by up to 30 basis points; check latest rates

Additionally, for FDs maturing between two and three years, the interest rates have been increased by 25 bps to 7% from 6.75%

Honeymoon with record profits may end in March

From the June quarter, the drop in net interest margin will separate the men from the boys

Bankers highly optimistic about credit demand across sectors: RBI survey

Bankers are "highly optimistic" about credit demand across all the main sectors in the short term, a RBI survey of lenders said on Friday. After sagging for the last two years, the non-food credit growth has been hovering above 15 per cent in FY23. "We observe that bankers are highly optimistic of credit demand across all the main sectors in the coming quarters, viz., Q4:2022-23 to Q2:2023-24," a paper based on the survey released in the February bulletin of the RBI said. The Bank Lending Survey provides sentiments of banks on loan demand, loan terms, and their outlook in the near term across major sectors. It captures senior loan officers' expectations on future credit demand along with adjustments in its terms and conditions and also seeks feedback on prevailing credit market conditions. The current survey covers a panel of top 30 scheduled commercial banks (SCBs), which account for more than 90 per cent of the total outstanding, it said. The paper said bankers' sentiments on ..

Digital lenders increasing spending on data security tech: Report

Threat to data privacy and cybercrimes are among risks for digital lending: Survey

Reserve Bank announces second global hackathon, winner to get Rs 40 lakh

The Reserve Bank on Tuesday announced its second global hackathon -- 'HARBINGER 2023 - Innovation for Transformation' with the theme 'Inclusive Digital Services'. Fintechs have been invited to develop solutions that have the potential to make digital financial services accessible to the differently-abled, facilitate efficient compliance, extend the reach of Central Bank Digital Currencies and enhance the scalability of blockchains. "Being part of HARBINGER 2023 gives an opportunity to the participants to get mentored by industry experts and exhibit their innovative solutions before an eminent jury and win exciting prizes in each category," the RBI said. Registration for the hackathon starts from February 22, 2023. The RBI has invited innovative ideas in four segments. 'Innovative, easy-to-use, digital banking services for differently-abled (Divyaang); RegTech solutions to facilitate more efficient compliance by Regulated Entities (REs)'; Exploring use cases/solutions for CBDC-Reta

Top 10 borrowers owe Rs 12,71,604 cr to Scheduled Commercial Banks: CRILC

Also, as per the RBI guidelines, banks are required to have a clear policy regarding the Debt-Equity Ratio for project financing to ensure that promoters bring in equity funds proportionate to

Punjab National Bank reports Q3 net profit down 44% to Rs 629 crore

Punjab National Bank (PNB) on Monday reported a 44 per cent decline in standalone net profit at Rs 629 crore in the third quarter ended December. The state-owned bank had earned a net profit of Rs 1,127 crore in the year-ago period. However, total income during October-December 2022 increased to Rs 25,722 crore as against Rs 22,026 crore in the year-ago period, PNB said in a regulatory filing. On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 9.76 per cent as compared to 12.88 per cent at the end of third quarter of previous fiscal. At the same time, the net NPAs eased to 3.30 per cent as against 4.90 per cent in the same period a year ago. However, provisions for bad loans increased to Rs 3,908 crore during the quarter as against Rs 3,654 crore a year ago. The capital adequacy ratio rose to 15.15 per cent in the December quarter as against 14.91 per cent.

ING planning return to India by buying controlling stake in IDBI Bank

The government and the Life Insurance Corporation of India together may sell 60.72 per cent of IDBI Bank

Bank of Maharashtra raises rates on term deposits after union appeal

Senior citizens will be offered an additional rate of 0.5% per annum for all maturity slabs

Federal Bank December quarter profit increases 54% to Rs 804 crore

The bank had posted a net profit of Rs 522 crore in the same quarter a year ago

Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit

So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI

Here's why private banks' SME credit has grown four times faster than PSBs'

Bankers say private lenders have more risk appetite, faster response times, and are aggressive on pricing

Govt extends tenure of SBI MD Challa Sreenivasulu Setty by 2 years

The government has extended the term of State Bank of India Managing Director Challa Sreenivasulu Setty by two years with effect from January 20

Economic stress tests

External sector remains a source of risk

Is it time for state-run banks to end industry-wide wage pacts?

While there is still a large talent pool in state-run banks, the reality is that it may not walk in as in the past

Expect bold changes in the year 2023

India is making rapid strides in the area of digital banking, meeting the expectations of a digitally agile customer base in the information age

Post-LVB integration, DBS aiming to treble growth in 5 years: MD & CEO

Surojit Shome, MD and CEO of DBS Bank India, said having crossed the Rs one trillion business (deposit and loans) mark in September, the bank is looking to grow 3x in five years

BS BFSI Insight Summit 2022: Who's leading the way in banking technology?

From Ranjeeth Bellary, Partner, EY Forensic & Integrity Services to Rajsri Rengan, HoD - Banking & Payments, India & Philippines, FIS here are panelists who will speak on Technology in Banking

Bad loans worth Rs 10 trillion written off in last 5 years by banks: Govt

These bad loans have been written off by scheduled commercial banks in last five fiscals (2017-22), the govt told parliament

Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit

Public sector lenders would end up issuing around Rs 13,500 cr worth of such bonds in coming weeks