Page 10 - Indian Banks
How many bank holidays are there in April 2024: Check full list here
There are a total of 14 days of bank closures in April 2024, including national holidays, every second and fourth Saturday and each Sunday.
 "How many bank holidays are there in April 2024: Check full list here")
Bank Holidays in April 2024: Here's the full holiday list for April month
In the month of April, banks will remain shut for 12 days. If you are planning to visit banks this month, here is the full holiday list you should know
The RBI story: 90 and going strong
As the Reserve Bank celebrates its 90th birthday, here's a look at how different the pitch has been for different governors to bat on since economic liberalisation. Part 1 of a two-part series
 "The RBI story: 90 and going strong")
Moody's revises India's GPD growth forecast to around 8% for FY24
Operating environment for Indian banks to improve in 2024, says Moody's
 "Moody's revises India's GPD growth forecast to around 8% for FY24")
Bank holiday on Mahashivratri 2024: Banks to remain shut for March 8
Bank holiday on Mahashivratri 2024: Mahashivratri is a very auspicious occasion when the devotees offer prayers to Lord Shiva, and Shakti. Check the full March holiday list here
Indian banks to enhance KYC standards with multi-level verification
Currently, passport, Aadhaar, voter card, NREGA card, PAN card, or driving licence are accepted as valid means to open a bank account
 "Indian banks to enhance KYC standards with multi-level verification")
Growth in unsecured loan remains strong despite hike in risk weighting
Recently, the RBI reiterated its concern on the elevated unsecured lending portfolio of banks in its Bulletin
 "Growth in unsecured loan remains strong despite hike in risk weighting")
Balance sheets of SFBs are larger than those of universal banks: Panel
Participants at a panel discussion at the Business Standard BFSI Insight Summit 2023 say that SFBs need diverse product lines
 "Balance sheets of SFBs are larger than those of universal banks: Panel")
How RBI, industry put in checks place to slow down consumer credit growth
The latest TransUnion Cibil Credit Market Indicator (CMI) says that credit growth slowed across all consumption-led loan products; home-loan growth remained stagnant
 "How RBI, industry put in checks place to slow down consumer credit growth")
Indian banks' rush for clients set for reckoning after Paytm fiasco
India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank
 "Indian banks' rush for clients set for reckoning after Paytm fiasco")
Deposits paucity may hit Indian banks credit growth in FY25: Report
Private lenders with high loan-to-deposit ratio more vulnerable, says S&P
 "Deposits paucity may hit Indian banks credit growth in FY25: Report")
Indian banks' margins set to fall, credit growth to moderate in FY25: S&P
MUMBAI (Reuters) - Funding conditions in India are likely to play a crucial role in constraining loan growth for many banks in the country, and credit expansion could moderate by 200 basis points in the next fiscal year, S&P Global Ratings said in note on Thursday.
 "Indian banks' margins set to fall, credit growth to moderate in FY25: S&P")
Tamilnad Mercantile Bank non-exec director quits for 'compelling reasons'
Bank's performance and share price mute compared to peers, says P C G Asok Kumar
 "Tamilnad Mercantile Bank non-exec director quits for 'compelling reasons'")
India, China banks under pressure from different liquidity stories
The liquidity drought may be deliberate. Unlike Beijing, New Delhi has every reason to be sanguine about growth
 "India, China banks under pressure from different liquidity stories")
Bank FD rates soar: Right time for investors to secure peak returns
Small finance banks' FDs yield more than larger banks' offerings, but invest in them sparingly. Investors need to lock into current peak rates before they begin to decline
 "Bank FD rates soar: Right time for investors to secure peak returns")
Banks report healthy loan growth in Q3; Casa ratio continues to decline
The Trend and Progress report of the Reserve Bank of India, which was released last month, observed that with the increase in deposit rates catching up with that in lending rates
 "Banks report healthy loan growth in Q3; Casa ratio continues to decline")
Reserve Bank of India seeks to lower NNPA of banks for paying dividends
Draft proposes that net NPA ratio should be less than 6%
 "Reserve Bank of India seeks to lower NNPA of banks for paying dividends")
Primary risks to economy's outlook stem from global headwinds: RBI report
The report noted that rise in interest rates has benefited banks by improving their net interest margins, with a faster transmission to yield on assets compared to the cost of funds
 "Primary risks to economy's outlook stem from global headwinds: RBI report")
SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI
The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer
 "SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI")
Banks' asset quality improves to decadal high at end-Sept: RBI report
The central bank said the banking system and the non-banking financial companies (NBFCs) remain resilient, backed by high capital ratios, improved asset quality and robust earnings growth
 "Banks' asset quality improves to decadal high at end-Sept: RBI report")