Page 46 - Indian Banks
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
 "Case for UBI should be delinked from pandemic response: Somanathan")
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.
 "Share of industrial credit in total bank credit dips to 31.5% in March: RBI")
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.
 "Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months")
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.
 "Two co-op banks move HC against Centre's ordinance bringing them under RBI")
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.
 "RBI reserves to recap banks amid economic slowdown? Experts divided")
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.
 "Hotels in discussion with banks on loan recast after moratorium ends")
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.
 "Operating buffers of top five banks to fall 15%, says India Ratings")
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.
 "Karnataka Bank reports highest-ever quarterly net profit of Rs 196 cr in Q1")
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.
 "Borrowers opting out of loan moratorium with unlocking of economy: Bankers")
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
 "Low interest rate regime critical for survival of banks: K V Kamath")
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
 "Extension of moratorium till Dec is the only viable option left: Bankers")
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
 "Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal")
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
 "Indian banks may face asset quality, earning pressure for 2 years: Fitch")
Indian banks will need $15 billion capital to meet Tier I norms: Fitch
The amount could rise to about $58 billion in a high-stress situation where the domestic economy fails to recover from the coronavirus pandemic-related disruption.
 "Indian banks will need $15 billion capital to meet Tier I norms: Fitch")
Covid-19 pandemic may set back banks' recovery by years, says S&P
It also expects non-performing assets (NPAs) to hit a fresh high this year.
 "Covid-19 pandemic may set back banks' recovery by years, says S&P")
Payment of advance does not create lien over supplier's assets: Expert
Your rights arise only from the contract between you and the supplier, say expert
 "Payment of advance does not create lien over supplier's assets: Expert")