Page 38 - Indian Banks

RBI strengthens grievance redress framework of banks for better service

RBI has decided to put in place a comprehensive framework to strengthen and improve the efficacy of the internal grievance redress mechanism of the banks and to provide better customer service

Hedge fund revises bid for Indian shadow lender to skirt RBI delay

Revamp follows delays in regulatory approval for deal; reworked deal focuses on purchase of assets from lender

Indian banks' capital to slip over 2 years without fresh infusion: Moody's

The 2021 outlook for banks in emerging markets is negative, while the outlook for insurers is stable, Moody's said.

Lakshmi Vilas Bank's Rs 318.2 cr worth of Tier-II bonds to be written down

The move is part of steps to absorb non-performing assets before LVB's amalgamation with DBS Bank

Conserve capital, the loud, clear message from RBI to NBFCs and banks

Muthoot Finance and Axis Bank are instances of the regulator objecting to acquisitions

Bank operations may be hit by unions' one-day nationwide strike on Thursday

Banking operations across the country may be impacted on Thursday as some bank unions would be joining the one-day nationwide strike called by central trade unions

Starting a new bank easier than converting an NBFC into one: Umesh Revankar

In a Q&A, the MD of Shriram Transpport Finance, which has an AUM of Rs 1.13 trillion, explains why his company is in no hurry to acquire a banking licence

Proposed corporate ownership of Indian banks poses high risks, says S&P

Pointing to the upside from proposed norms, the agency said recommendation to harmonise licensing guidelines for all banks, new and old, will help restore a level playing field for all players

Rajan, Viral Acharya rip apart RBI over bank licences for large corporates

The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending

Will India's banking system go from being state-dominated to tycoon-led?

From the conditional nature of recommendation by RBI on ownership of private-sector banks, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking

Tata, Birla, Bajaj, and Piramal Group may lead race for bank licence

A top Tata group official said the group is really interested in getting into banking but it is too early to elaborate as only recommendations are out and work is in nascent stage

Prudent regulation

Banks promoted by business houses would raise systemic risk

RBI panel's suggestion 'rightfully' puts greater onus on promoters: Hinduja

Applauding RBI's recommendation to increase the shareholding of bank's promoters in the bank, Ashok Hinduja said it rightfully puts a greater onus on the promoter-shareholders to exercise oversight

Union Bank board to consider seeking shareholders' nod for raising funds

The Board of Directors of Union Bank of India will meet on Wednesday, November 25 to consider seeking shareholders' approval for raising capital by several modes

BoM expects only Rs 1,000-1,500 crore loan book to be restructured

State-run Bank of Maharashtra is expecting only Rs 1,000 to 1,500 crore of its total advances to come up for one-time restructuring under the Reserve Bank of India's scheme before December 31

Operation of banks including HDFC temporarily halted due to power outage

Operation of some banks including HDFC Bank were temporarily impacted on Saturday due to power outage at Dhirubhai Ambani Knowledge CITY, in Navi Mumbai which has data centres of several companies

Lakshmi Vilas Bank depositor? Spread deposits across banks to lower risks

If you hold an account at Lakshmi Vilas Bank, which has been placed under a moratorium restricting withdrawal of more than Rs 25,000, you must have many queries. We try to answer some of them.

Explained: How the Kerala-based CSB Bank made a dramatic turnaround

What accounts for the turnaround of CSB, set up in 1920 to serve the Syrian Christian community in Kerala, when its peers are struggling? It was the years of adversity that strengthened it

ICICI Bank first pvt lender to surpass Rs 2 trn in mortgage loan portfolio

The bank has witnessed the highest ever disbursement in the mortgage portfolio in October

Wage pact: Bankers will get 15% hike, arrears likely in next salary

Move will push wage bill up by about Rs 7,900 cr a year; wage agreement is for the period November 2017 to October 2022