Page 43 - Indian Banks

June retail credit grows Rs 11,518 crore after shrinking for 2 months

Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May

Exxon loses $1 bn in second quarter as oil use dries up amid lockdown

The Irving, Texas-based oil giant brought in $32.6 billion in revenue during the second quarter, less than half of what it brought in at the same time last year

Hosiery exporters seek extension of loan moratorium by 6 months up to March

Exporters said the financial position of the knitwear garment units in Tirupur has not improved and they were not in a position to repay the loan and interest

Moratorium burden easing as Indian economy limps back to normalcy

Agents are now able to pay visits for recovery, and also the economic situation has not turned as dire as feared

Imperative for banks to expand balance sheets: India Ratings report

The RBI's conscious steps to reduce the repo rate have also lowered the marginal cost of fund-based lending rate across banks, ratings agency said

Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

Modi meets heads of banks, NBFCs, bats for lending to productive sectors

According to sources, the importance of the financial sector in achieving the objective of 'Atmanirbhar Bharat' or self-reliant India was highlighted during the meeting.

Punjab National Bank raises Rs 994 cr by issuing Basel III compliant bonds

The issue opened on July 27 and closed on July 29, PNB said

Banks need to expand balance sheets, revive credit offtake: Report

The RBI's conscious steps to reduce the repo rate have also lowered the marginal cost of fund-based lending rate across banks, ratings agency India Ratings and Research said

Lower rates an opportunity to re-negotiate your home loan interest

Start by shifting to repo-linked rates, then seek the lowest rate being offered by lender

IndusInd Bank's profit before tax declines 72% to Rs 602.45 crore

The lender's net interest income rose 16.4 per cent year on year to Rs 3,309 crore

RBI likely to slash policy rates by 100 bps in FY21: BofA Securities

That apart, they expect the government's overall fiscal deficit to rise

Not just banks, find other ways to finance infra, RBI guv tells India Inc

Lists progress achieved in infra space in past five years, stresses that funding of $4.5 trn by 2030, as estimated by NITI Aayog, cannot be done by banks alone

State-owned banks need more capital from govt to mitigate risks: Fitch

Fitch said state banks already face significant execution risks in raising equity due to depressed stock market valuations and weak investor interest

Banks, businesses debate decriminalising dishonouring of cheques

The government wants to change the law, more so in recent months as part of reforms helping business

Banks need to raise, conserve capital due to Covid: Former RBI deputy guv

NPA levels of banks are sure to go up and the entire risk management mechanism will undergo a paradigm shift, Vishwanathan said

Partha Pratim Sengupta appointed new MD, CEO of Indian Overseas Bank

His appointment will be up to date of attaining the age of superannuation, December 31, 2022, or until further orders, whichever is earlier, it added

Bank of Maharashtra reports 25% jump in Q1 profit on higher interest income

The lender had reported a profit after tax of Rs 81 crore in the year-ago same quarter and Rs 58 crore in the quarter ended March 31, 2020

Promoters of loan defaulting companies to soon face crackdown by lenders

With apex court's backing, banks to speed up enforcing personal guarantees

WhatsApp to partner with more Indian banks in financial inclusion push

WhatsApp will also expand pilot projects with banking and other partners to cover financial services such as pensions and insurance