Page 37 - Indian Banks

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

Here's a selection of Business Standard opinion pieces for the day

Explained: How RBI's positive pay system safeguards cheque transactions

While it will make payments via cheques safer, it will also make the process a tad cumbersome, especially for people who issue high-value cheques frequently but are not tech savvy

The long-term growth opportunity 2021 presents

The digital super cycle will encompass progress in all areas and will accelerate further on advancements in machine learning and artificial intelligence

Demand for retail loans expected to continue upward journey: Experts

Large non-banking financial companies (NBFCs) and a few private banks - that have disclosed December quarter trends of advances - are showing signs of improved credit demand

Pvt banks report healthy deposit accretions, sluggish advances growth in Q3

Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter

Banking in 2021 --Winning beyond Covid

The strong, dynamic, innovative and proactive policy response of the RBI and the government went a long way to stabilise the system

RBI wants IDBI Bank to come out of PCA framework before stake sale

The government's shareholding in the lender is 47.11 per cent, while LIC holds 51 per cent in it

Diversification, deposit growth put IDFC First ahead of Bandhan Bank

Both the banks have relied on inorganic options for growth and diversification

On the chessboard: 2021 will see tectonic shifts in the banking industry

India Inc could make a re-entry into commercial banking - 40 years after the last round of bank nationalisation in 1980

Faced with high growth in traffic, banks to ramp up digital capabilities

They will soon take a call on tech spending

Thoughts on banking in the new decade

Those banks that remain complacent, bragging about their captive customer base, may turn dinosaurs

We could be on the cusp of banking 2.0

The last couple of years saw the RBI taking up the sheet anchor role to steer the economy. The accommodative interest-rate stance implies that it is ready to walk the extra mile to bolster the economy

Indian banks' loans rose 6.1% in two weeks to Dec 18, shows RBI data

Outstanding loans rose 518.61 billion rupees ($7.09 billion) to 105.50 trillion rupees in the two weeks to Dec. 18

Best of BS Opinion: Bank recap, a wobbly first year for the CDS & more

Here's a selection of Business Standard opinion pieces for the day

Short-cut on bank recap

P&SB's zero-coupon bonds violate prudent accounting practices

Union Bank gets shareholder approval to raise up to Rs 6,800 crore

Shareholders of Union Bank of India approved the bank's proposal for raising up to Rs 6,800 crore equity capital to fund business growth

RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds

Bank could be asked to hold it at discounted value in HTM

Why banks should spend on branches despite increased digital penetration

Though the functions of a branch may have not changed in years, their focus has shifted from transaction to customer retention