Page 38 - Indian Banks

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

Fleecing of floating rate borrowers continues

The fleecing of borrowers is so widespread and egregious that Moneylife Foundation filed a PIL (public interest litigation) petition, leading to an order by SC asking the RBI, to respond in six weeks

Gold loans glitter for banks

Loan against gold is the best route for monetising the yellow metal, and the Covid pandemic is acting as a catalyst for it

RBI temporarily postpones circular on current account till December 5

As part of its monetary policy on August 6, it said no bank can open current account for a customer who has availed cash credit or overdraft from other banks

Govt provides Rs 670-crore support to RRBs to meet regulatory capital

In a bid to strengthen capital base, the union government has provided Rs 670 crore to Regional Rural Banks considering their importance in agriculture finance during these difficult times

IndusInd Bank: Narrative changing from asset quality to green shoots

Without taking the focus away from the difficult operating environment, the management is optimistic on growth after three quarters

Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

Karur Vysya Bank Q2 profit up 81% to Rs 115 cr, NII rises by 0.9%

Bank reports lower bad loans at the gross and net levels

RBL Bank Q2 net up 165% to Rs 144 cr on higher NII, dip in provisions

Net interest margin flat at 4.34%, other income up 3% to Rs 456 cr

Converting to a small finance bank is an option: Fino Payments Bank MD

RISHI GUPTA, managing director and chief executive officer, tells Raghu Mohan that if payments banks are allowed to give loans, the business model will be more sustainable

Is it curtains for the interest-waiver issue?

Interest is not being waived and the benefit is extended to all - including those who have not availed of the loan moratorium. So, it will not vitiate the credit culture

Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI

Liquidity availed by banks under the scheme has to be deployed in corporate bonds, commercial paper and non-convertible debentures issued by the entities in specific sectors