Page 14 - Indian Banks

Axis Bank launches 'Infinity Savings Account' with zero transaction fees

The bank offers two subscription-based flexible plans: Monthly and Annual

Banks to remain closed for 16 days in September; check full list here

Bank holiday September 2023: With 12 official holidays in various states and four weekends, the banks will remain closed for sixteen days. Here's the complete list

A step-by-step approach to CBDC

Why would anybody shift from UPI to CBDC? What are its advantages over UPI?

Commercial banks' deposit growth nearly at 7-year high, shows RBI data

Deposit growth hit 14.12% on 6 Jan, 2017, months after demonetisation of Rs 1000 currency note and the then Rs 500 note which was announced on 8 November 2016

Five-day work week in banks soon as industry demand gets nod from IBA

The proposal has now been sent to the finance ministry for its final approval. If approved, all Saturdays will be declared as bank holidays

Algo Rhythm: Banking technology tools that's up, close and personal

Banks have to understand customer intent, personally converse with them, and offer advice that was not drawn up in silos, says the survey

Indian banks' loans rose 20.2% y-o-y in 2 weeks to July 14: RBI data

Indian banks' loans rose 20.2% in the two weeks to July 14 from a year earlier, while deposits rose 13.2%, the Reserve Bank of India's weekly statistical supplement showed on Friday

Indian banks to witness record profitability in FY24: SBICAPS report

It added that the repo rate is expected to remain at current levels until late in FY24

PNB Q1FY24 results: Net profit up 307% to Rs 1,255.4 cr YoY, GNPAs at 7.73%

PNB's net NPAs also declined to 1.98% in the June quarter from 2.72% in the previous quarter

Are Indian banks ready to adopt the expected credit loss framework?

The sophistication that ECL is asking for is much more ahead and advanced compared to usual scoring models

In age of artificial intelligence, traditional rules spur risk decisions

Banks were exploring options to leverage AI-ML technology in credit risks for at least the last five years

Risk management: Not the time to drop guard for Indian banking sector

In the aftermath of the global financial crisis of 2008, regulators across the world focussed on 'conduct' risks

RBI governor Shaktikanta Das asks bank CEOs to focus on governance

Discusses large exposures, recoveries from written-off accounts

Banks remain wary of RBI's VRRR auctions, park under 25% of target amount

RBI has held six VRRR auctions so far this month to remove excess liquidity from the system; total notified amount in the last five auctions was Rs 6 trn, in which banks have parked only Rs 364,232 cr

Banks, consumer cos to brighten earnings in India amid IT uncertainties

India's banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets

Repayment stress

Early warning signs from retail loans

Banks post robust credit growth in Q1; deposit mobilisation improves

Bank of Maharashtra said its loans expanded by 25 per cent YoY to Rs.1.75 trillion. This pace was much higher than the banking system's 15.4 per cent growth till June 16, 2023, according to RBI

RBI approves AP Hota's appointment as Federal Bank's non-executive chairman

Federal Bank on Friday said Reserve Bank of India has approved the appointment of AP Hota, the man behind the runaway success of the NPCI and Rupay cards, as its non-executive chairman. The appointment is effective from June 29 and up to January 14, 2026. Abhay Prasad Hota has been an independent director on the board of the bank since January 2018. Hota has worked for 27 years in Reserve Bank of India (RBI) between 1982 and 2009. While at RBI, he served as a nominee director on the board of Vijaya Bank and subsequently Andhra Bank. He was the architect of the National Payments Corporation of India (NPCI) and was its managing director and chief executive officer between 2009 and 2017.

Banks wary of liquidity on ahead of the advance tax outflow and GST

VRRR mop-up equals to value of 85% of Rs 2000 notes returned

RBI puts bank boards on notice

The central bank has tightened supervision but governance challenges at banks remain