Page 32 - Indian Banks
Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse
An SP group source said the dues from Reliance Home Finance are to a joint venture company and not Shapoorji Pallonji alone
 "Banks in talks with Shapoorji Pallonji Group to resolve RHFL impasse")
Extreme weather events put $84 billion of Indian bank debt at risk
Banks flagged exposure to environmentally sensitive businesses including cement, coal, oil and power. They also listed effects of cyclones and floods on loan repayments in farming and related sectors
 "Extreme weather events put $84 billion of Indian bank debt at risk")
Private equity interest can improve governance in banks: Rahul Bhasin
PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said
 "Private equity interest can improve governance in banks: Rahul Bhasin")
Video KYC: Private banks hit the ground the running, while PSBs lag
Contactless identification could be a gamechanger in the post-Covid world
 "Video KYC: Private banks hit the ground the running, while PSBs lag")
IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future
India's 'Lehman moment' has meant that the high-teen growth phase for non-banker financers is over
 "IL&FS crisis: For NBFCs, India's 'Lehman moment' has meant reset of future")
'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'
Some large private banks, unlike mid-sized banks, were allowed to participate in the government's businesses even after the RBI restricted the private lenders' participation in 2012
 "'PSBs need to step up as govt lifts embargo on grant of biz to pvt banks'")
Centre lifts embargo on grant of govt businesses to private banks
Move will spur competition, promote efficiency in customer service standards
 "Centre lifts embargo on grant of govt businesses to private banks")
Fino Payments Bank says inclusion in commercial bank list to boost biz
Fino Payments Bank on Wednesday said it will be able to improve its business prospects further as the RBI has included it in the category of a scheduled commercial bank. The Reserve Bank on Tuesday said it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participation in liquidity adjustment facility (LAF) window as per the RBI. It also helps the bank strengthen its business proposition on liabilities generation, Fino said in a release. "It provides strategic impetus for Fino Payments Bank to enhance its scope on balance sheet management and explore additional avenues for business. We are keen to capitalise on the growth opportunities that exist within the regulatory guidelines and build on the momentum of consistent profitability achieved last fiscal," said Rishi Gupta, MD & CEO, Fino Payments Bank. The ...
 "Fino Payments Bank says inclusion in commercial bank list to boost biz")
Federal Bank aims 'mid-teen' growth in credit for fiscal 2022
The firm is aiming for an acceleration in credit growth into 'mid-teen' figures in 2021-22
 "Federal Bank aims 'mid-teen' growth in credit for fiscal 2022")
India Ratings upgrades outlook on banking sector to 'stable' for FY22
The rating agency has upgraded its FY21 credit growth estimates to 6.9 per cent from 1.8 per cent
State Bank of Sikkim under Reserve Bank of India's regulatory purview
The bank, established five years before Sikkim acceded to India in 1973, provides treasury operations for the state government
 "State Bank of Sikkim under Reserve Bank of India's regulatory purview")
How to revive PMC Bank
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer
IDFC First Bank's promoter, Warburg may not participate in fundraising
Board clears Rs 3K-cr capital raise plan
 "IDFC First Bank's promoter, Warburg may not participate in fundraising")
80% Indian corporate banks to leverage Cloud by 2024: Report
Nearly 80 per cent of corporate banks in India are forecast to run their trade finance and treasury workloads on Cloud by 2024, said a new IDC report
 "80% Indian corporate banks to leverage Cloud by 2024: Report")
Fin sector may see 'facelift' this year as term of many honchos set to end
BBB starts selection process as nearly half a dozen public sector bank CEOs' term comes to an end
IndusInd Bank gets Rs 2,021 crore capital boost from promoters
The firm has received Rs 2,021 crore equity from the promoters after the conversion of preferential warrants into equity shares
 "IndusInd Bank gets Rs 2,021 crore capital boost from promoters")
Start with smaller banks
Govt must have a clear road map for PSB privatisation
 "Start with smaller banks")
How RBI's currency operations are spiking forward premia across tenures
From about 3.5 per cent at the start of December to 6 per cent now, three-month forwards rates are most affected
 "How RBI's currency operations are spiking forward premia across tenures")
How did a five-member external jury select the BS Banker of the Year?
The jury picks Shyam Srinivasan for Federal Bank's consistency of performance
 "How did a five-member external jury select the BS Banker of the Year?")
Banking Reset 2.0: Tectonic changes are underway in Indian banking
Towards the end of the calendar year, an Internal Working Group (IWG) of the RBI made a case for large corporate groups being permitted to spawn banks
 "Banking Reset 2.0: Tectonic changes are underway in Indian banking")