RBI said it is necessary to align regulations to meet the requirements of a dynamic banking landscape
Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme
The pressure on earnings will continue, say experts
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
Banks have built internal capacities for assisting companies, including micro, small & medium enterprises (MSMEs).
Lenders are staring at unexpected asset quality losses due to the slowdown in economic activity after the countrywide lockdown.
Among large banks, the brokerage sees ICICI Bank's PAT declining 49 per cent QoQ to Rs 2,100 crore in Q4FY20, followed by a 68 per cent sequential decline in Axis Bank's PAT at Rs 564.6 crore.
Ironclad succession process could weigh on extensions for current heads
Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan
The state also permitted small caterers serving the elderly to continue supply of cooked food provided their vehicles sport the sticker 'Essential Service' and the drivers have identity cards
SBI's YES Bank investment raises questions
Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector
Private banks are struggling to get top-class independent directors on their boards
The periodic data from the Reserve Bank of India highlights how the slowdown is hurting the banking sector
The banking regulator is seeking an early exit mechanism for private banks under PCA
The central bank said it would focus on improving supervision of around 1,500 UCBs across the country
The state-owned banks account for a dominant share (around 90 per cent) of impaired loan stock and have cumulatively written-off nearly 30 billion dollars in bad loans over the past three years
The quarter gone by saw mixed results in terms of asset quality. Among key private players, only ICICI Bank and Axis Bank reported a fall in gross non-performing assets on a YoY basis
Review covers 37 SCBs (18 public sector banks and 19 private sector banks) and the figures are as on November 14
While the NBFC sector continues to face the heat, corporate banks seem to be on track to recovery