Page 23 - Indian Banks

Micro details of Indian banks' macro story

So far, the story reads well. We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth

False allegations against officials in Lonavala FIR: Kotak Mahindra Bank

Media reports quoting Lonavala police said an FIR had been registered against seven officials of the bank on the complaint of a Lonavala resident

Policy review pragmatic, indicates RBI's concerns on inflation: Bankers

Industry lobby grouping Indian Bank Association's chairman and state-run Punjab National Bank's chief executive and managing director A K Goel sad the moves indicate RBI's "concern on prices"

Banks, fintech firms need to collaborate to reach the unserved population

There is a clear need for both banks and bankers, say experts

Gamechanger? Private equity is set to play a bigger role in Indian banks

Whichever way you look at it, a PE wave is set to enter banking

The coast is still not clear: Is the worst over for Indian banks?

Banks are better placed now than any time in the past three years, but they are not yet over the hump

The deadweight of banking fraud in India: What's the weak link?

Fraud doubled in value to Rs 1.85 trillion in FY20, which is nearly equal to the recapitalisation amount injected into state-run banks during the year

March out of retail: Why are foreign banks clinging to corporate banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space

Moderate asset quality pressure may re-emerge for banks: Fitch

Moderate pressures on asset quality of Indian banks may re-emerge as forbearance starts to unwind from 2023, Fitch Ratings said on Friday

Ukraine crisis: UCO, SBI meet RBI today on payments to Russian firms

The meeting between the banks and RBI comes amid reports that the government is exploring the option of reactivating the rupee-ruble trade between the two countries

State Bank of India's exposure to Russia, Ukraine less than $10 mn

Banks will get 10 days to complete the processing of payments to avoid near-term problems for businesses

Ukraine crisis: Payments stopped, Russian firms pressure Indian banks

Banks await RBI, govt's advisory on transactions with Russian companies

Banks concerned as trade settlements with Russia stall in face of sanctions

The extent of the payments that are stalled is not clear at the moment and RBI is trying to assess it

DBS Bank India migrates to new IFSC and MICR codes of erstwhile LVB

Following the amalgamation with DBIL, the IFSC & MICR codes of all branches of erstwhile LVB have changed. While the new codes have been active since October 25, 2021, the older IFSC codes will remain valid until February 28, 2022, to ensure customers' convenience and ease of transition. Customers will be required to use the new DBS IFSC code from March 1, 2022, onwards to receive funds through NEFT/RTGS/IMPS.The change was communicated to customers through physical letters, emails, and SMS as well as at the branches. They were requested to share the new IFSC code with business partners, associates and vendors to update their records, recurring payments and receivables well in time. All existing cheques issued to the third party will have to be replaced with new cheques before February 28, 2022. Any cheque with old MICR codes presented after the aforementioned date will not be honoured.New cheque books (with new MICR code) have been available since 1st November 2021. Customers ..

Banks boost tech spend as super app space gains momentum in India

ICICI, Axis Bank now spend 8-9% of total operating expenses on technology

CSB Bank gets RBI nod to appoint Pralay Mondal as Deputy Managing Director

His prior appointment in the bank since September 23, 2020 was as President

Buyer shouldn't pay for bank's mistake

Despite the State Commission having concluded that there was deficiency in service on the part of the bank, it had not been held liable

Hard lessons for banks and FIs from a decade of bad infrastructure loans

Loans to the sector became huge NPAs largely due to the practice by lenders of offering unconditional mobilisation advance and time gap between preparation of a DPR and awarding the bid

Cooperative forum set up by RBI board member weighs in for PMC depositors

Sahar Bharati requests finance minister's intervention for a better deal

Bank stocks broadly positive during Basel norms implementation: RBI paper

Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over an 18-year period, starting October 1998, RBI paper showed