Page 14 - Indian Banking Sector

Monetary policy: RBI defines technical write-offs for regulated entities

Will provide further impetus to resolving stressed assets, rationalising and harmonising instructions

Will banks become risk-averse in the quest to seek a governance premium?

India Inc will have to pencil in Mint Road's stress on the governance premium in bank lending

Sustaining banking stability

Governance gaps must be avoided

G20: Experts deliberate on cyber security exercise for banking sector

The Deputy Governor in his address stressed that managing cyber risks has become a key driver for ensuring financial stability

Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao

If the management fails to meet expectations, the board should even consider replacing it, he said

Banks seek one more year to prepare for ECL reporting on stressed assets

Banking regulator has indicated five-year glide path for shift to new system

UCO Bank Q4 net profit rises 86% to Rs 581.24 cr, NPA down to 4.78%

The loan Book of UCO Bank also reached its highest-ever level of Rs 11.6 trillion against a loan book of Rs 12.9 trillion last year

Banking infra needs further strengthening in NorthEast: Bhagwat Karad

The government schemes on financial inclusion are doing well and there is an increase in credit growth by 85 per cent

After a decade in wilderness, Indian banks healthy, but still not cautious

With the incremental credit-to-deposit ratio running at 111%, Indian banks will have to pay more to savers - sacrificing some part of their high profitability

FY24 kicks off a fresh cycle for Indian banking

Inflation remains a worry in the world's fifth-largest economy but, at the moment, no risk is seen for financial sector stability

South Indian Bank to name new CEO by May as Ramakrishnan announces exit

Search committee considering internal and external options for selecting new chief of Thrissur-based lender

Euro falls sharply against dollar as banking sector troubles continue

The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment

Weekend Bites: Banking blues, exiting CEOs, and a new Cola War

Suveen Sinha takes you through the dust that might somewhat be settling down on the big news of the week

SVB: Indian banks stand out amid 'global gloom and doom', says Macquarie

"Despite concerns of a slowdown in loan growth and margin compression, the earnings upgrade cycle continues for the banking sector," the analyst wrote

Credit growth of banks accelerates 16.8% in December quarter: RBI

Indian banks' credit growth doubled to 16.8% in the October-December quarter from a year earlier, data released by the Reserve Bank of India (RBI) on Monday showed

Banks' improving performance supports intrinsic creditworthiness: Fitch

A sustained improvement in the financial performance of Indian banks bodes well for the sector's intrinsic risk profiles, according to global rating agency Fitch. The pace of asset quality and profitability improvement has exceeded expectations, while capital buffers are broadly in line with the projections, it said in a statement. The sector's impaired-loan ratio declined to 4.5 per cent in the first nine months of financial year ended March 2023 (9MFY23), from 6 per cent at FY'22, it said, adding, this was nearly 60 basis points below Fitch's FY23 estimate. Increased write-offs have been a key factor, but higher loan growth, supported by lower slippages and improved recoveries, have also played a role, it said. Fitch expects a further improvement by FY23, although banks still face the risk of asset-quality pressure associated with the unwinding of loan forbearance in FY24. "The sector's improving provision cover (9MFY23: 75 per cent, FY22: 71 per cent) also supports banks' abili

Banks request RBI to extend reporting time frame for loan related fraud

The framework mandates that banks report fraud to the RBI CRILC within a week of the joint lenders' forum (JLF) declaring an account fraudulent

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 ..