Page 44 - Indian Banks

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme

However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)

Canara Bank to raise Rs 5,000 cr in FY21 to strengthen capital base

The bank will seek shareholders' nod at AGM to be held on August 10 through audio/visual means in view of the coronavirus pandemic

Case for UBI should be delinked from pandemic response: Somanathan

Rajan, meanwhile, said that the central and state governments will have to maintain increased spending, whatever the deficit figures may be

Share of industrial credit in total bank credit dips to 31.5% in March: RBI

Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

Two co-op banks move HC against Centre's ordinance bringing them under RBI

The first bench, comprising Chief Justice A P Sahi and Justice Senthilkumar Ramamoorthy, which admitted the pleas, posted the matter to July 20.

RBI reserves to recap banks amid economic slowdown? Experts divided

Reserve Bank of India (RBI) Governor Shaktikanta Das last week said banks should not wait for any event to happen, but actively raise capital to ensure financial resilience.

Retail payments report recovery in May, jump 23% to Rs 24.22 trillion

Total payments that include digital payments and payments made via paper-based instruments rose 12.5 per cent to Rs 94.64 trillion in May, against Rs 84.10 trillion in April.

Hotels in discussion with banks on loan recast after moratorium ends

For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.

Operating buffers of top five banks to fall 15%, says India Ratings

Of the top five private banks, Ind-Ra rates HDFC Bank, Axis Bank, Kotak Mahindra Bank and IndusInd Bank.

Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1

The bank had posted a net profit of Rs 175.42 crore during the corresponding period of the previous financial year, which also was its previous high in quarterly profit, it said in a release.

Indian banks pursue bankruptcy order against Vijay Mallya in UK court

Mallya's legal team, led by barrister Philip Marshall, countered that the banks were secured creditors and that the petition should be dismissed.

Centre may tell IBA to set up 'bad bank' with financial support from banks

The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore

Borrowers opting out of loan moratorium with unlocking of economy: Bankers

According to Punjab National Bank Managing Director S S Mallikarjuna Rao, only 30 per cent of borrowers utilised moratorium facility while 70 per cent continued to service their loans.

Low interest rate regime critical for survival of banks: K V Kamath

Praising the decision of the RBI for extending moratorium to borrowers till August, Kamath said it was very well done

Extension of moratorium till Dec is the only viable option left: Bankers

Affected individuals and companies will again avail it, albeit a little less in number than the first version that ran between March to May

Banks disburse over Rs 52,255 crore to MSMEs under credit scheme

However, this is against the sanction of Rs 1.10 trillion under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs) till July 1.

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

Indian banks may face asset quality, earning pressure for 2 years: Fitch

Indian banks are likely to require at least $15 billion in fresh capital to meet a 10 per cent weighted-average common equity tier-1 ratio under a moderate stress scenario