Page 22 - Indian Banking Sector
Indian stock market vulnerable to the rise in Covid cases: Chris Wood
The renewed mobility restrictions in India, he believes, also increase the potential risk of a renewed deterioration in asset quality for banks
 "Indian stock market vulnerable to the rise in Covid cases: Chris Wood")
Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO
Private sector lender Axis Bank on Thursday said its board has approved the re-appointment of Amitabh Chaudhry as its Managing Director and CEO for three years with effect from January 1, 2022. "The board of directors of the bank.. considered and approved the proposal relating to re-appointment of Amitabh Chaudhry as the Managing Director and CEO of the bank, for a further period of 3 years, with effect from January 1, 2022 up to December 31, 2024," Axis Bank said in a regulatory filing. The appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank, the filing added. Chaudhry was appointed as Managing Director (MD) and CEO of Axis Bank for a period of three years, with effect from January 1, 2019 up to December 31, 2021. Prior to joining Axis Bank, Chaudhry was MD and CEO of HDFC Standard Life Insurance Company.
 "Axis Bank board approves re-appointment of Amitabh Chaudhry as MD & CEO")
RBI to conduct customer satisfaction survey on impact of bank mergers
This is to find out the impact of the recent mergers of state-owned banks on banking services being availed by individuals.
 "RBI to conduct customer satisfaction survey on impact of bank mergers")
Cloud on banking stocks on NPA concerns amid second wave of pandemic
The Nifty Bank index has come off 15 per cent from its peak in February, underperforming the benchmark Nifty which is down 6%
 "Cloud on banking stocks on NPA concerns amid second wave of pandemic")
A brief look at REPCO, the latest universal bank licence candidate
Repco Bank would approach the private sector for investments. However, it is yet to start such exercise.
 "A brief look at REPCO, the latest universal bank licence candidate")
A hale and hearty banking sector but...
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
Fluctuating bond yields key risk for banks' profitability, NIMs in FY22
Valuations likely to take 13-23 per cent hit if rates increase by 100-200 bps, say analysts
 "Fluctuating bond yields key risk for banks' profitability, NIMs in FY22")
Suryoday Small Finance Bank initial public offering fully subscribed
The IPO of Suryoday Small Finance Bank was fully subscribed on the second day of subscription
 "Suryoday Small Finance Bank initial public offering fully subscribed")
Hackers hit State Bank of India users with text phishing scam
Several SBI users have been targeted with a phishing scam where hackers have flooded them with suspicious text messages
 "Hackers hit State Bank of India users with text phishing scam")
Private equity interest can improve governance in banks: Rahul Bhasin
PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said
 "Private equity interest can improve governance in banks: Rahul Bhasin")
Top headlines: Bad bank's Swiss challenge method, pvt banks to get govt biz
India will start the next stage of vaccinating those above 60 years of age and those above 45 with comorbidities, such as diabetes and heart ailments, from March 1
 "Top headlines: Bad bank's Swiss challenge method, pvt banks to get govt biz")
India Ratings upgrades outlook on banking sector to 'stable' for FY22
The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent
How to revive PMC Bank
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer
The best is yet to come for Indian banking: Rajnish Kumar, Aditya Puri
We need both large banks and small niche players, so that all the needs of the economy can be served, says Rajnish Kumar, former SBI chairman
 "The best is yet to come for Indian banking: Rajnish Kumar, Aditya Puri")
Banking Reset 2.0: Tectonic changes are underway in Indian banking
Towards the end of the calendar year, an Internal Working Group (IWG) of the RBI made a case for large corporate groups being permitted to spawn banks
 "Banking Reset 2.0: Tectonic changes are underway in Indian banking")
BS Banking Annual: Worst may be coming as recovery path remains uncertain
The FSR has warned that while easy money is intended to support growth, it can encourage leverage, inflate asset prices and endanger financial stability
 "BS Banking Annual: Worst may be coming as recovery path remains uncertain")
BS SFB Round Table: Rural, urban India show little difference, say experts
At Business Standard Unlock BFSI 2.0, some of the best minds from the SFB sector discuss the consequences of the lockdown, the urban- rural divide, capital-raising plans, and the way forward for SFBs
 "BS SFB Round Table: Rural, urban India show little difference, say experts")
BS Banking Annual: Total assets to interest income, here're the key numbers
A snapshot of the key data on Indian banking
 "BS Banking Annual: Total assets to interest income, here're the key numbers")
BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space
Leading names of India's banking industry join Tamal Bandyopadhyay at Business Standard's Unlock BFSI 2.0 to discuss the issues plaguing the sector
 "BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space")
Fair winds ahead for private banks as risks of NPLs recede in a slowdown
YES Bank faces greater asset risks than its peers, although its capitalisation, liquidity and funding have improved
 "Fair winds ahead for private banks as risks of NPLs recede in a slowdown")