Page 5 - Indian Banks Association
Covid-19 impact: HDFC, ICICI urge customers to use digital banking services
HDFC Bank has urged people to use cheque drop boxes to help reduce crowding in branches
 "Covid-19 impact: HDFC, ICICI urge customers to use digital banking services")
An opportunity in Covid-19 crisis: Revisit all loan repayment contracts
It is a chance for stakeholders in the banking sector to revisit contractual obligations, say experts
 "An opportunity in Covid-19 crisis: Revisit all loan repayment contracts")
Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA
IBA's managing committee met on Friday and decided to put up five set of demands to the central government and RBI to help the financial sector and retail and corporate borrowers alike
 "Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA")
Banks to approach RBI for relief on NPA classification amid Covid-19 fears
The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association, the two senior bankers said, asking not to be named as the talks were still private
IBA, United Forum of Bank Unions to meet on Saturday to close wage pact
The talks come just ahead of the mergers of four sets of state-run banks, effective from April 1
 "IBA, United Forum of Bank Unions to meet on Saturday to close wage pact")
Banks, firms work on strategy for transition from LIBOR to new benchmark
Will be simple for loans, tricky for derivatives, say experts
 "Banks, firms work on strategy for transition from LIBOR to new benchmark")
Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra
According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline
 "Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra")
IBA to set up framework to address consortium, multiple lending issues
And to address these issues, there are two things which are happening, one is at the IBA level and another by RBI to develop secondary market for loan to corporates.
 "IBA to set up framework to address consortium, multiple lending issues")
IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike
The unions have been demanding a five-day work week since a long time
 "IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike")
Indian banks trail global peers on e-sale capabilities, finds BCG study
Indian banks trail their global peers in three areas: Absence of personalised marketing messages, lack of straight-through processing, and low quality of in-app sales support
 "Indian banks trail global peers on e-sale capabilities, finds BCG study")
PMO calls for freezing of shell firms' bank accounts within two weeks
Finance Secretary S C Garg will chair a meeting on Thursday
 "PMO calls for freezing of shell firms' bank accounts within two weeks")
Why it's sunset time for bilateral wage talks for state-run banks
What's dawning on all concerned is there is simply no way that state-run banks can dole out equal hikes to their staffers as has been the practice through the decades
 "Why it's sunset time for bilateral wage talks for state-run banks")
IBA drafts new inter-creditor agreement for resolution of stressed assets
According to the new RBI norms, banks will have a "grace period" of 30 days to think of a plan after a "default" and a further 180 days to execute the plan
 "IBA drafts new inter-creditor agreement for resolution of stressed assets")
Indian Banks' Association proposes new wage hike formula to bank unions
Bank unions have opposed the proposal of linking pay to performance
 "Indian Banks' Association proposes new wage hike formula to bank unions")
