Page 7 - Indian Banking System

RBI slams microfinance institutions for charging higher rates to borrowers

In 2021, the RBI had given full freedom to entities on interest rates to be charged for microloans by lifting the interest rate cap of 24 per cent put earlier

Banking crisis most infamous legacy of UPA government: White Paper

"Worse, even that high percentage of bad debts was an underestimate," the paper said

UPI payments failing amid server outages; NPCI working with banks

Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues, NPCI said in a statement

Indian companies, banks raise Rs 3,683 crore through corporate bonds

Lower fund raise amid widening yield spread, tight liquidity

Tight liquidity spurs high demand at RBI's variable rate repo auction

Banks bid for Rs 3.08 trillion against notified amount of Rs 2.5 trillion

AU Small Finance Bank's net interest income up 15% Y-o-Y in Q3FY24

The Jaipur-based bank posted a 4 per cent year-on-year decrease in profit in the latest quarter at Rs 375 crore compared to Rs 393 crore in the Q3FY23

Liquidity deficit in banks widens to Rs 3.3 trn due to GST outflows

The banking system's liquidity primarily stayed in deficit during the third quarter of the current financial year and it widened further in January, driven by tax outflows

India's banking system liquidity deficit hit record high, shows data

The deficit widened to Rs 3.34 trillion ($40.18 billion) as on Jan. 23, nearly tripling from the start of the month, data from the Reserve Bank of India (RBI) showed

Our top priority is to continue focus on high-quality assets: P R Seshadri

The managing director (MD) and chief executive officer (CEO) of the Kerala-based South Indian Bank, Seshadri talks about his priorities, the bank's growth roadmap and third quarter numbers

Indian lenders seek looser liquidity conditions going ahead: Report

Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

South Indian Bank posts almost two-fold rise in Q3 profit at Rs 305.36 cr

Gross non-performing assets reduce by 74 bps, says Thrissur-based lender

P2P lending: Barking up the wrong tree?

Around 15 P2P platforms went live, but one-third of them have shut up shop. Analysts say four of them have more than 90 per cent of the market share

RBI asks banks' audit heads to take pre-emptive steps to mitigate risks

Swaminathan J, Deputy Governor, RBI outlined the Reserve Bank's supervisory expectations and asserted that supervision is effective when supported by effective Assurance Functions

Banks' net profit likely to grow by 16.7% in Q3 due to high credit offtake

High credit offtake, lower credit cost to support bottomline

Home loans' share of retail segment decline to 47.2% in Nov, shows data

Unsecured loans extended by banks at Rs 15.35 trillion

Reserve Bank of India to conduct 7-day VRR auction to inject up to Rs 1 trn

The central bank had conducted a VRR auction after six months on December 15

Central Bank of India's loans grow 14.9% to Rs 2.4 trillion in Q3 FY24

The Mumbai-based public sector bank's deposits expanded by 9.52 per cent Y-o-Y to Rs 3.77 trillion at the end of December 2023 from Rs 3.44 trillion a year ago

RBI extends payments infrastructure development fund scheme till 2025

As part of the announcement, beneficiaries of the PM Vishwakarma Scheme have been included as merchants under the PIDF scheme

Bank credit growth to moderate; capital buffers to remain comfortable

"Margins under pressure due to rising interest rates plus increase in the operating expenditure on revision in salaries. Despite this, banks' profitability will remain robust"