Page 6 - Indian Banks

Banks to ask RBI to delay liquidity rule set to take effect from April 1

The request will be made through the Confederation of Indian Industry, which will meet recently-appointed RBI Governor Sanjay Malhotra in the coming days, the people said

Karur Vysya Bank Q3 results: Net profit grows 20.39% to Rs 496 crore

The bank's net interest income (NII) increased by 7.79 per cent to Rs 1,079 crore compared to Rs 1,001 crore in the same period last year

RBL Bank bleeds 6% as analysts cut target on weak Q3; stocks hits 52-wk low

RBL Bank reported an 86 per cent year-on-year (Y-o-Y) decline in net profit to Rs 32.6 crore for Q3FY25, mainly due to a surge in provisions

Finance Ministry dept to meet business correspondents, banks next week

Senior executives of banks to attend discussion; commissions and penalties for sector on agenda

IndusInd Bank down 4% as Goldman Sachs downgrades to 'Neutral', cuts target

The downfall in the IndusInd Bank share price came after reports indicated that the New York-based brokerage Goldman Sachs downgraded the stock to 'Neutral'

Bank officers' union threatens to call on two-day nationwide strike

Bank officers' union AIBOC on Thursday threatened to go on a nationwide strike on February 24-25 to press for their various demands, including a 5-day work week and adequate recruitment in all cadres. Besides, the union has demanded immediate withdrawal of the recent directives of the Department of Financial Services (DFS) on performance review and PLI, which threaten job security and create division amongst employees. It further pitched to fill the post of workmen/officer directors in public sector banks and resolution of pending residual issues with IBA. In a statement, All India Bank Officers' Confederation (AIBOC) said it has been proposed by the executive committee to go for a two-day nationwide strike, tentatively scheduled for February 24-25, 2025. If required, more stringent actions may follow. Agitation programmes will start soon after the notice of the strike is served this month. The union alleged that micro-management of PSBs on policy matters by the DFS undermining th

Banks' profitability likely to moderate in FY26, says India Ratings

Estimates 13.5% loan growth in FY25

CM Sarma pushes banks to shed funding unease over projects in Assam

Assam asks MFIs to identify borrowers to get balance payments

HDFC Bank's LDR falls below 100% for the first time after merger

HDFC Bank's LDR was around 87 per cent pre-merger. Following the merger, its LDR went up to 110 per cent

Bank of India eyeing to sell stressed loans in Simbhaoli Sugars, Visa Steel

The anchor bid for the asset put up for sale would translate into a recovery of around 54.5 per cent for the lender

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Meanwhile, Yes Bank reported a marginal contraction in deposits during the October-December period (Q3FY25) over the previous quarter

Bank loan growth slows for fifth month in Nov amid stricter lending rules

Banks' credit increased by 11.8 per cent year-on-year last month, slower than the 16.5 per cent rise in November 2023

Despite CRR cut, liquidity deficit in banking system crosses Rs 2 trillion

This reduction in the CRR released primary liquidity of approximately Rs 1.16 trillion into the banking system

Looking ahead: Slowing credit growth, margin pressure await banks in 2025

Resource mobilisation was a key challenge for banks over the past two years, as deposit growth lagged credit uptake

Cloud, AI-ML top emerging techs adopted by Indian banks, reveals RBI survey

The survey, conducted in November 2024, included responses from 12 state-owned banks and 19 private sector banks to assess the adoption of emerging technologies

Banks post sixth year of profit growth in FY24, bad loans decline further

At the same time, banks resorted to borrowings at higher interest rates and increased deposit rates to bridge the credit-deposit growth gap in FY24

Banks' average daily reserves fall after FIT framework: RBI report

RBI introduced ASISO facility in August 2020 to offer greater flexibility in managing day-end cash reserve ratio balances

Banks lobby RBI to approve new benchmark for overnight indexed swaps

The move is intended to improve price discovery in the interest-rate swap market

As economy grows, Indian banks will have to expand dramatically: Kamath

Indian banks have a healthy return on equity (ROE) rate of 15 to 20 per cent, which is sufficient for the sector to grow and meet the capital requirements to 'bulk up'

FinMin asks banks to closely monitor NCLT, NARCL cases to reduce delays

The Finance Ministry on Thursday asked banks to closely monitor cases in NARCL and NCLT to minimise procedural delays and adjournments so that bad loan resolution matters are expedited. An integrated portal is being developed by the Ministry of Corporate Affairs for seamless information flow to banks on the National Company Law Tribunal (NCLT) cases, the finance ministry said in a statement. The decision was taken in a review meeting chaired by Department of Financial Services Secretary M Nagaraju to address key operational challenges and enhance the efficiency of resolution mechanisms through the National Asset Reconstruction Company Limited (NARCL) and NCLT. The discussion on cases at NARCL centred on expediting timelines for the resolution of accounts. The Secretary underscored NARCL's pivotal role as a specialised entity designed to accelerate the resolution of large-value stressed assets, thereby, strengthening the financial ecosystem, it said. During the meeting, it was info