Page 39 - Indian Banks
That sinking feeling?
Book review of Pandemonium: The Great Indian Banking Tragedy
 "That sinking feeling?")
Why private banks, their ownership structures need to be strictly regulated
Basic principles and international practice suggest that opening the door to the ownership of banks in India by large corporate/industrial houses should be done, if at all, with utmost caution
 "Why private banks, their ownership structures need to be strictly regulated")
Is Yes Bank out of the woods?
The bad loans can grow as much as by 15 per cent from the current level because of the pandemic, but there seems to be no skeleton left in its cupboard
 "Is Yes Bank out of the woods?")
ATM moment of banking services is here as lenders make apps open for all
What do banks gain by opening their apps for all? The answer - rival bank's customers under their fold.
 "ATM moment of banking services is here as lenders make apps open for all")
NIAL turns to Indian banks to raise Rs 3,000 cr for Jewar airport
Raising money in India to hedge against fluctuating exchange rate
 "NIAL turns to Indian banks to raise Rs 3,000 cr for Jewar airport")
Indian banks risk Rs 12-trn hit till 2024 from Covid-19: McKinsey
It is a test that the industry has withstood so far, whilst demonstrating resilience and purpose, McKinsey said in its annual review of global banking
 "Indian banks risk Rs 12-trn hit till 2024 from Covid-19: McKinsey")
With conglomerates reluctant, PEs may be better source of capital for banks
PEs have deep pockets with the ability to recapitalise the bank as and when needed
 "With conglomerates reluctant, PEs may be better source of capital for banks")
Farmer protests: Bank unions not to participate in Bharat Bandh on Tuesday
Bank unions said they will not participate in the 'Bharat Bandh' on Tuesday, even as they expressed solidarity with farmers protesting against the new farm laws.
 "Farmer protests: Bank unions not to participate in Bharat Bandh on Tuesday")
SBI to boost retail loan book, sees earnings improving
SBI's bad loan ratio fell to 5.28 per cent at the end of September from 5.44 per cent three months earlier
 "SBI to boost retail loan book, sees earnings improving")
Banks need to hire chief risk officers to deal with cybercrimes: Deloitte
The banking industry needs to upgrade its IT infrastructure and appoint experienced chief risk officers to effectively deal with incidence of cybercrimes, says a report by Deloitte India
 "Banks need to hire chief risk officers to deal with cybercrimes: Deloitte")
Suggestion to allow corporates in banking not RBI's view: Governor Das
RBI's Internal Working Group's (IWG) suggestion to allow corporates into banking has received sharp criticism from experts
 "Suggestion to allow corporates in banking not RBI's view: Governor Das")
RBI asks banks to retain profit, not make any dividend payment for FY20
In view of the economic shock caused by Covid-19, the Reserve Bank of India asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020
 "RBI asks banks to retain profit, not make any dividend payment for FY20")
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
 "Hedge fund revises bid for Indian shadow lender to skirt RBI delay")
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.
 "Indian banks' capital to slip over 2 years without fresh infusion: Moody's")
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
 "Lakshmi Vilas Bank's Rs 318.2 cr worth of Tier-II bonds to be written down")
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
 "Bank operations may be hit by unions' one-day nationwide strike on Thursday")
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
 "Starting a new bank easier than converting an NBFC into one: Umesh Revankar")
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
 "Proposed corporate ownership of Indian banks poses high risks, says S&P")