Page 21 - Indian Banks

Amid chip shortage, Indian banks reach out to govt, seek CCI intervention

Indian banks have also asked for an investigation by the Competition Commission of India (CCI) into the practices of chip suppliers.

Dhanlaxmi's governance turmoil: A saga of management-shareholder conflicts

The differences between the two are being complicated by an unsolicited bid from a little-known Delhi-based business group

Indian banks' loans rose 15.5% YoY in two weeks to Aug 26, says RBI

Bank deposits rose 455.09 billion rupees to 169.94 trillion rupees in the two weeks to Aug 26

'Think of the worst': RBI Governor Das nudges banks to raise capital

Inflation has peaked, expect CPI at 5% in April-June, he says

Indian Bank hikes MCLR by 0.10% across tenors from September 3

State-owned Indian Bank has revised the marginal cost of funds-based lending rates (MCLR) by 0.10 per cent across tenors from Saturday, which will make most of the consumer loans costlier. It has also revised the lending rates benchmarked on treasury bills. The Asset Liability Management Committee (ALCO) of the bank has reviewed the Benchmark Lending Rates and decided on an upward revision in MCLR and TBLR across various tenors, the lender said in a regulatory filing on Thursday. The benchmark one-year MCLR will be 7.75 per cent from September 3 against the existing rate of 7.65 per cent. The one-year rate is used to fix most consumer loans such as auto, personal and home loans. The overnight to six months tenor MCLRs are raised by 0.10 per cent each in the range of 6.95 to 7.60 per cent. Besides, the lender also revised the treasury bills benchmark lending rate (TBLR) in the range of 5.55 per cent to 6.20 per cent for various tenors.

Here's a full list of bank and school holidays in Sept 2022; Check details

Banks and schools might be closed for the first three days of September. Why bank holidays are called bank holidays? Read this detailed article to know the number of holidays in the month of September

Treasury losses haven't derailed good run of banks

With healthy credit growth, bad loans will shrink further in percentage terms, but if the banks throw caution to the winds for building loan books, such loans may resurface again and spoil the party

IDBI Bank's CEO says the lender can recover $2.4 billion in bad loans

India is considering selling at least 51% of the $5 billion bank, people familiar with the matter have said

Indian banks now in better position to manage interest rate risks

Reduction in bond duration puts lenders on stronger footing amid higher yields

Karur Vysya Bank's intention is to grow granular: MD & CEO R Ramesh Babu

'Commercial is the next big segment, and also retail. Retail is 23-24 per cent of the portfolio, out of which 50 per cent is home loan and loan against property'

Bank Locker Rules: Here's everything you should know to protect your assets

The Reserve Bank of India regularly updates rules for improving the safety and convenience of the bank customers. These are the Bank locker rules that everyone should know.

Russia wants payment messaging system to align, but Indian banks wary

If the messaging platforms of India and Russia are connected, it might help in improving the payments settlement mechanism and provide Russia with a cover from further sanctions

Behind the smokescreen of nationalisation

Bank nationalisation was annulled by the Supreme Court (10-1) echoing many voices of dissent on economic grounds

Yes Bank's $1.1-bn capital raise welcome, but challenges remain: Analysts

Yes Bank may receive a rating upgrade now that its financial health has improved with the capital raise, but it will need to focus on keeping its bad loans in check, says ICICI Securities

Want to cut govt stake in Union Bank to at least 75%: CEO A Manimekhalai

The government holding is about 83 per cent and the Life Insurance Corporation has 7 per cent

ICICI Bank Q1FY23: Net jumps 49.5% YoY to Rs 6,904 cr on strong NII growth

ICICI Bank's net profit decreased 1.6 per cent from Rs 7,018.71 crore at the end of the January-March quarter

SBI board approves Rs 11,000 cr capital raise via AT1, tier-II bonds

Money to be raised in rupees, dollars or other convertible currency; lender's CAR at 13.83%, with tier-I of 11.42% and Tier-II of 2.41%, March-end

AU Small Finance Bank Q1 net up 32% YoY to Rs 268 cr, down 23% sequentially

Improvement in NII, even as trading losses weigh on profitability

YES Bank's stressed loan portfolio: Understanding what went wrong at lender

The bank, in August, 2021 invited applications for setting up an ARC, planning to hold a 20 per cent stake in it. On the RBI's objection, it agreed to hold a minority stake in the ARC

Vedanta Resources' near-term liquidity risk as it seeks funds: S&P

Anil Agarwal-controlled unit looks to raise $700 mn from Indian lenders