Page 27 - Indian Banking Sector

One month of bank merger: Coronavirus lockdown proves a dampener

On April 1, Punjab National Bank (PNB) took over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's second-largest lender after SBI in terms of business

From overweight to underweight, how sentiments have changed for banks

Large brokerages are fast losing their conviction on the sector that has multiple challenges

Indian Bank sees new opportunities with larger footprint after merger

Both the banks have come together amid the coronavirus (Covid-19) lockdown and started working as a single bank with a larger footprint.

Lockdown 2.0: Coronavirus-hit units get Rs 10,000 crore from banks

Banks have built internal capacities for assisting companies, including micro, small & medium enterprises (MSMEs).

RBI opens Rs 50,000-crore special liquidity window to support mutual funds

According to the available data, the credit risk fund category saw its assets under management (AUM) dip by another 12 per cent in April to Rs 48,392 crore

Credit disbursement: Banks face pressure to avoid large-scale slippages

Public sector bank executives point out that banks understand the need to provide critical support to borrowers hit by the lockdown, imposed to contain the spread of Covid-19.

RBI considers standing deposit facility to manage extra liquidity

No firm decision has been reached on this, said sources. The SDF, when introduced, will become the lower bound of the corridor for the liquidity management window.

IBA to discuss the issue of giving a moratorium to NBFCs on Saturday

A senior executive of a public sector bank said the IBA's management committee meeting would discuss the issue of giving a moratorium to finance firms.

Default-wary banks say won't use RBI funds for low-rated companies

The first TLTRO facility took place on March 27, and so far Rs 1 trillion has already been deployed.

Lenders want more time to finalise working capital needs of large firms

A senior State Bank of India (SBI) executive said in the case of large corporates, where there is consortium and social banking, the decision will be taken in consultation with all the lenders.

Banks, insurance firms to work as usual in new guidelines for Lockdown 2.0

Bank branches are allowed to work as per normal working hours till disbursal of DBT cash transfers are complete

Covid-19 outbreak, YES Bank rescue make small banks vulnerable: Moody's

Public trust in public sector banks will remain strong, underpinned by a perception of strong government protection for them, Moody's said

Coronavirus outbreak: Bank credit growth falls sharply to 6.1% in FY20

Deposit accretion activity also moderated in FY20 to 7.9 per cent from 10 per cent in FY19, according to Reserve Bank of India (RBI) data.

Coronavirus impact: Credit growth likely to remain modest, says RBI

MPC report says better transmission of rates would remain priority

Covid-19: Retail lending may not remain steady source of business for banks

Banks and finance companies may do more lending business in the retail segment on the digital platform

RBI to examine buyback of outstanding amount of Rs 84,574 cr in AT-1 bonds

Could disallow retail investments directly and through MFs in the instrument

NBFC-MFIs seek clarity from RBI on 3-month moratorium on loans

RBI seeks data on drawdowns, bank loans, exposure to NCDs and CPs

Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P

The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.

Coronavirus impact: Rating agencies see more pain for banks and NBFCs

'Spike in NPAs will be reflected over the next few quarters'

Bank mergers: Allahabad Bank branches are now Indian Bank branches

Effective April 1, Allahabad Bank will merge with Indian Bank, creating an entity with over 6,000 branches, 4,800 ATMs, 43,000 employees, 120 million customers and business mix of Rs 8 trillion