Page 31 - Indian Banks

State Bank of India's domestic advances growth rebounds to 5.67% in FY21

SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021

HDFC Bank asks customers to ignore communication on crypto transactions

This communication from the bank comes after the RBI on Monday clarified that banks can no longer cite its circular on cryptocurrencies for not offering such products to customers

HDFC Bank deploys mobile ATMs across 50 cities in India amid Covid-19

These ATMs have been deployed in various metros and non-metros in view of the restrictions imposed by Covid-19, the bank said.

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

Bank frauds on the rise under Modi government, alleges Congress

The Congress on Monday alleged that banking frauds have risen under the Modi government and accused it of allowing the fraudsters to either continue functioning in the country or leave.

Karur Vysya Bank fourth quarter net profit rises 23% to Rs 104 crore

This came on account of good growth in retail loan portfolio as well as gold loan.

City Union Bank reports fourth quarter net profit at Rs 111.18 crore

Private sector City Union Bank has reported net profit at Rs 111.18 crore for the quarter ending March 31, 2021.

UCO Bank Mar qtr net profit jumps about five-folds to Rs 80 crore

The Kolkata-headquartered lender had posted a net profit of Rs 16.78 crore in the corresponding a year ago.

Banks need to monitor asset quality, prepare for higher provisioning: RBI

RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers

Cyberattacks could trigger more rating actions on banks, says S&P

The banking sector is becoming more exposed to cybercrime after the Covid-19 pandemic accelerated digitalization and remote working

New credit culture

A big step by SC in allowing banks to chase personal guarantors

Dual regulation is bad

MFI issues won't be solved by state regulation

SBI eyes over Rs 10K-crore credit pipeline for health infrastructure

Ashwani Bhatia, managing director, SBI, said the bank had held discussions with firms that needed funds for building hospital infrastructure

Mumbai Angels back cloud-based neobank Nemo with undisclosed funding amount

A brainchild of IIM Ahmedabad alumni, Nemo is creating a unique business that aims to empower Indian MSMEs with the financial tools, resources, and networks that large corporations have access to

Govt likely to drop plan to decriminalise cheque bounce offences

It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call

IDFC First Bank planning to make home loans 40% of total portfolio

The bank has started offering prime home loans to employees of top corporates starting at 6.9 per cent

RBL Bank net declines 34% in Q4 on higher provisions, drop in NII

Its profit after tax for the reporting quarter stood at Rs 75 crore against Rs 114 crore in the year-ago period

IndusInd Bank net profit jumps 194% in March quarter on low provisions

The profit after tax grew to Rs 926 crore, from Rs 315 crore in the year-ago period

India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely

Most bank CEOs have to hang up boots before 70 under latest RBI guidelines

RBI's CEO tenure cap: Banks have to expedite succession planning after RBI's new rules on CEOs term