Page 35 - Indian 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")
BS Banking Annual: Worst may be coming as recovery path remains uncertain
The FSR has warned that while easy money is intended to support growth, it can encourage leverage, inflate asset prices and endanger financial stability
 "BS Banking Annual: Worst may be coming as recovery path remains uncertain")
BS Banking Annual: Total assets to interest income, here're the key numbers
A snapshot of the key data on Indian banking
 "BS Banking Annual: Total assets to interest income, here're the key numbers")
BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space
Leading names of India's banking industry join Tamal Bandyopadhyay at Business Standard's Unlock BFSI 2.0 to discuss the issues plaguing the sector
 "BS CEO Round Table: Six bank chiefs discuss paradigm shift in banking space")
Too many questions on bad bank and infra DFI
Why do we need a bad bank, owned by the banks themselves, when there are at least 28 ARCs around?
Decoded: What are pro forma NPAs and how does that impact borrowers?
An analysis of results declared by listed banks so far shows that the NPA figures shown in the bank income statements are lower than the ones earmarked on pro forma basis
Government may compensate banks for loss of MDR, says IT secretary
The move is part of the Budget proposal, where the government has earmarked Rs 1,500 crore for the promotion of digital payments this fiscal
 "Government may compensate banks for loss of MDR, says IT secretary")