Page 15 - Indian Banks

RBI deputy Guv urges banks to address gaps in governance framework

Boards should set clear expectations for management and should require reports on risk management on a regular basis, said Rao, at a conference of directors of state-run and private banks in May

Banks up to tricks with bad loans again?

The recapitalisation of banks, the slow absorption of bad loans in the system, and the normal growth that comes from a growing economy have led us to believe that PSBs are sailing smoothly

High staff attrition a significant operational risk to banks: RBI Dy Guv

Outsourcing, lack of succession planning and staff skilling also areas of concern, Jain says

RBI Dy Guv calls for better risk management, governance at banks

The RBI has been urging banks to adopt effective risk management practices and strengthen their governance standards to avoid financial instability

Bank Nifty hits a new high on strong Q4 show by most lenders, FPI buying

Analysts see greater momentum going forward, with 10-12% upside in the index over next 12 months

Karnataka Bank appoints Srikrishnan Harihara Sarma as MD and CEO

Sarma has nearly four decades of experience spread across commercial, retail & transactional banking, technology, and payments

Banks set for a profit boost as RBI calls for withdrawal of Rs 2,000 notes

The step could boost deposits by as much as 2 trillion rupees through the end-September deadline to exchange the notes, the asset manager said

What to do if a bank refuses to exchange or accept your Rs 2,000 note?

Can a bank refuse to accept or exchange your Rs 2,000 currency not? Here's all you need to know

The great banking rescue of a doomed realty project

India's highest court and the lenders, backed by the banking regulator, are involved in a unique experiment to revive a project and save unsuspecting homebuyers

Demand for 5 days of work at banks hits speed bumps, likely to take time

Public sector banks will have to see that their business is not affected in case private banks decide to work on Saturdays

Indian banks immune from liquidity crisis in West: Govt officials

Government monitoring developments in the West closely, says one official

After a decade in wilderness, Indian banks healthy, but still not cautious

With the incremental credit-to-deposit ratio running at 111%, Indian banks will have to pay more to savers - sacrificing some part of their high profitability

Stress tests show Indian banks can tackle 'severe' instability: RBI Guv Das

RBI governor Shaktikanta Das said that the gross NPAs of Indian banks stood at 4.41% as on December 31, 2022

Indian Bank hits over 4-year high on FII buying; stock jumps 12% in 2 days

The average trading volumes on the counter jumped nearly three-fold, as around 3.2 million shares changed hands on the NSE and BSE till 11:09 am

Stronger buffers for Indian bank deposits as world faces financial crisis

Customer confidence may improve if recovery time, insurance coverage is better

SBI received Rs 8,800 crore from DFS in FY18 without asking for it: CAG

The department under the finance ministry did not conduct an assessment of the capital requirement according to its own standard practice before recapitalisation

Indian banks' dependence on AT1 bonds limited, impact on pricing: Analysts

"Another instance of AT-1 bond write-off questions seniority of claims of AT-1 bond holders and dampens sentiments for AT-1 market issuances," Citi analysts wrote in a note

Treat customer as God: MoS Finance calls for boost in banking services

Calling for further improvement in banking services, Minister of State for Finance Bhagwat K Karad urged banks to treat their customers as God. Banks should focus on improving their customer service and work towards reducing pain points, Karad said while addressing a Customer Meet programme organised by Bank of Maharashtra (BoM) earlier this week. At the same time, he asked customers to be responsive and prompt in repayment of loans so that banks are financially healthy. With regard to Kisan Credit Card (KCC), he urged banks, including BoM for expanding the reach of KCC scheme to more farmers and ensure time-bound saturation. The banking industry needs to serve small and marginal farmers, youth and women agripreneurs and act as catalyst for growth, he said. India has now become the fifth largest economy in the world and is aiming to be a USD 5 trillion economy under the guidance of Prime Minister Narendra Modi, he said. Addressing the gathering, BoM Managing Director A S Rajeev s

Indian startups have deposits of about $1 bn in SVB: Deputy IT minister

Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead

Two US bank failures not to impact banks in India, APAC: Moody's

Moody's said the impact of the two US banks going down will be limited in India and other financial institutions in the APAC region due to structural factors