Page 23 - Indian Banking Sector

Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next

How did a profitable bank founded 94 years ago to serve small businesses became a headless institution? Listen to the podcast to know more

Citi appoints Arjun Chowdhry as acting head of consumer banking in India

Chowdhry, who has been with Citi for 25 years, currently serves as the head of credit cards, payments and unsecured lending for the American bank in India.

Ind-Ra cuts banking outlook to negative on rising NPA, credit cost

As per Ind-Ra's bear case, the spike in stressed assets due to pandemic is expected to double the credit costs for banking system

Credit growth: Barking up the wrong tree?

It is unfair to expect risk capital from banks to prop up the economy. They deal with public money

Unlock BFSI 2.0: Early to predict the economic recovery curve: Bank CEOs

Top bank executives attempted to shed the tag of being risk-averse and averred that viable businesses would get the red carpet from lenders

Unlock BFSI 2.0: Not risk-averse, only careful and prudent, say bank CEOs

Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year

SBI's Kumar, HDFC's Puri speak on their careers, legacies, motivations

The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector

Banks 'prudent, careful' as economic recovery will take long: CEOs

The bankers were responding to RBI governor Shaktikanta Das's statement that banks risked their own growth by being "extremely risk averse"

BoI plans to raise up to Rs 8,000 cr in tier-I and tier-II capital

Lender to also set off accumulated losses worth Rs 23,782 cr

Governance more important than ownership of banks, says SBI chairman

A government move to reduce its stake in some public sector banks will not do any harm, he says.

Indian Bank reports PBT of Rs 614.22 cr in Q1, operating profit rises 23%

The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)

Even with Covid, our fresh slippages will be in control: SBI chairman

We believe most customers would start paying EMIs from September as the moratorium comes to an end, said Rajnish Kumar

One-time loan recast: Tricky road lies ahead for Kamath panel, say experts

Govt appoints four more members; norms in 30 days after recommendations

RBI to set up innovation hub for financial inclusion, efficient banking

The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services

No bank licence to India Inc: RBI sees threat to financial stability

The NITI Aayog had recently recommended to the government that long-term private capital should be allowed into the banking sector

Financial sector firms hit market to prepare for post-Covid world

Most private banks and non-banking firms are able to raise money on the strength of their profile

Moratorium extension will lead to debt pile-up: Sunil Mehta, CEO, IBA

In an interview, SUNIL MEHTA discusses with Somesh Jha the demerits of extending the loan moratorium window and argues why it is the right time for the regulator to allow banks to restructure loans

Clean up balance sheets of corporates, banks to rein in fiscal deficit: IMF

In its external sector report, IMF also called upon India to strengthen the governance of public sector banks

RBI is ahead of the curve; govt and bureaucracy behind: Viral Acharya

In an interview with Tamal Bandyopadhyay, Acharya says why some weak public sector banks should be "re-privatised" and foreign banks should be allowed a larger play

Covid provisioning knocks off 27% of private banks' profit in Q1

While the banks are additionally providing towards the pandemic, analysts believe credit cost to remain elevated