Page 34 - Indian Banks

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Punjab & Sind Bank reports fraud of Rs 94 crore in NPA account

Punjab & Sind Bank on Thursday reported a fraud of Rs 94.29 crore in an NPA account of Supertech Township Projects. In a regulatory filing, the state-owned lender said it has reported the fraud to the Reserve Bank of India (RBI). "...it is informed that an NPA Account, viz M/s Supertech Township Projects Limited with outstanding dues of Rs 94.29 crore has been declared as fraud and reported to RBI today as per regulatory requirement," the Delhi-headquartered bank said. The account has been fully provided for as per the existing RBI norms, it added.

Federal Bank's Shyam Srinivasan is Business Standard Banker of the Year

Five-member jury chooses him for consistency of performance

A poor idea

Bad bank will only kick the can down the road

Tech adaption puts top Indian banks at low risk of digital disruption: S&P

Rising smartphone penetration and internet connectivity, and young, tech-savvy demographic segment present vast opportunities for existing banks and new players

India Inc's big boys: Share of large borrowers on banks' books decline

However, large advances in the SMA-0 (special mention accounts) category registered a quantum jump (155.6 per cent) over the previous quarter and 245.6 per cent over March 2020 levels

The new playbook: RBI steps in to stem the nexus between banks and fintechs

With the RBI red-flagging mushrooming of digital apps, the tango between banks and fintechs may be in for a big change, report Hamsini Karthik and Raghu Mohan

Brace for selective interest in stressed assets

With looming uncertainty, investors will be very selective, cautious and careful in allocating funds towards this asset class

Expect banking revival in 2021

The potential turnaround in banking means the government does not need to act in haste, only to repent at leisure

UK High Court refuses to release money for liquor tycoon Vijay Mallya

Mallya has been denied access by a UK court to a significant chunk of his cash held by the UK court funds office as part of bankruptcy proceedings against him launched by a consortium of Indian banks

Bank Investment Company may be approved in upcoming Budget, finally

A key question is how the BIC is to be funded. To start with, it may have to be a wholly-owned government entity

Not recap alone

Budget could be a good starting point for deeper banking reforms

Banks' gross NPAs may rise to 13.5% by Sept: Financial stability report

Banks will have to brace for a rollback of regulatory forbearance that was announced in the wake of Covid-19, and enhance their capital positions, the RBI said

RBI's red flag

Recognition of NPAs in PSBs must be swift

Indian banks' bad loans may rise significantly: Financial stability report

Indian banks may see bad loans double despite signs of an improvement in the economic impact of the Covid-19 pandemic

NPA estimates: Street's optimism at odds with the RBI's pessimism

Regulator's projections higher by 250-350 bps, analysts may have jumped gun on faster recovery

NPA classification period likely to get 30-day extension as bad loans mount

Move to increase 90-day window to 120 days to give more time to borrowers to service loans

Listed commercial banks may post 5.5% rise in third quarter net profit

Their net revenues could expand by just about 1.8 per cent in the reporting period, according to Bloomberg estimates

RBI raises concerns over zero-coupon bond for PSB recapitalisation

The Reserve Bank of India (RBI) has expressed some concerns over zero-coupon bonds for the recapitalisation of public sector banks (PSBs) and discussion is on between the central bank and Finance Ministry to find a solution, according to sources. The government resorted to recapitalisation bonds with a coupon rate for capital infusion into PSBs during 2017-18 and interest payment to banks for holding such bonds started from the next financial year. To save interest burden and ease the fiscal pressure, the government has decided to issue zero-coupon bonds for meeting the capital needs of the banks. The first test case of the new mechanism was a capital infusion of Rs 5,500 crore into Punjab & Sind Bank by issuing zero-coupon bonds of six different maturities last year. These special securities with tenure of 10-15 years are non-interest bearing and valued at par. However, the RBI has raised some issues with regard to calculation of an effective capital infusion made in any bank ...

Best of BS Opinion: Banking's game of pretend, Japanese biz custom & more

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