Page 32 - Indian Banking Sector

It's the incentives, stupid

The most important post-mortem required after the YES Bank crisis is about flawed incentives of bankers and officials

Low on investor confidence and growth, private banks in for tough days

Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector

Reform PSBs

Time is up for directed lending approach

Banks of future will be very different, says RBI governor Shaktikanta Das

Regulating the distinct segments of these banks would be a challenging task, said Shaktikanta Das

SBI stock basking in optimism; stakes too high to disappoint investors

Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort

Bankers, analysts welcome RBI's liquidity boosting policy measures

The market has taken the long-term repos worth Rs 1 trillion as the biggest developmental and regulatory step that came out of the blue, analysts said

Hike in deposit insurance cover will not hit banks' balance-sheets: RBI

The Reserve Bank does not see any major impact on the balance-sheets of banks due to the five-fold hike in deposit insurance to Rs 5 lakh. Following the failure of a number of cooperative banks, with the city-based PMC Bank being the latest and the largest last year, the budget allowed the Deposit Insurance and Credit Guarantee Corporation (DICGC) to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh. "The premium is something, which we consider, will increase from 10 paise to 12 paisa per Rs 100 for the time being. So, the impact on banks' balance sheets is not likely to be much," RBI Deputy Governor B P Kanungo told reporters during the post-policy presser. The hike in deposit insurance coverage has been a long pending demand from bank depositors and it recently came to fore after the crisis at Punjab & Maharashtra Cooperative (PMC) Bank. It can be noted that in 2019 alone more than 30 cooperative banks went belly up in Maharashtra alone. The DICGC, a wholly-owned ...

India must have at least six banks in top 100 global list: Economic Survey

Equity markets also discount PSBs

Protecting bankers

Govt should not lose sight of wider reforms in PSBs

Letter to BS: Watering down framework for detection of bank frauds is wrong

Are we saying that the responsibility and accountability for dealing with frauds gets diminished when there is an economic and, bank lending, slowdown?

Banking sector under stress, govt can't bail it out, says Abhijit Banerjee

Banerjee also said that demand slowdown in the automobile sector also shows that people are lacking confidence in the economy.

Neither affordable nor relevant

Is it time to review the need to maintain CRR funds with the central bank?

Banking, transport services may be hit due to trade unions' strike on Jan 8

Nearly 25 crore people are said to be taking part in this all-India strike to protest against the government's "anti-people" policies

Year in Review: Banking sector bets on reforms, mergers for revival

"Every fundamentals indicate towards higher growth and better future next year," Finance Secretary Rajiv Kumar told PTI, reflecting strong optimism going into 2020

Bring banks on track

Credit market ecosystem needs better governance and oversight

Time running out for PSBs

Business is rapidly shifting to private banks

Total frauds at banks rise 74% to Rs 71,543 crore in 2018-19: RBI

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18

Where have all the women bankers gone?

Flexi hours and creches for children can help retain them but a bigger problem at the moment is women bankers don't have too many role models to look up to

Merger of 10 public sector banks won't lead to any job losses: Govt

In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets

YES Bank has option to extend November 30 deadline on binding offer

According to a source close to the development, the bank is still in talks with the investor and has not taken any decision on the offer