BUSINESS
MC Interview: RBL Bank saw 70 bps impact due to RBI’s risk weight norms, says MD & CEO
R Subramaniakumar, Managing Director and Chief Executive Officer, RBL Bank, said that the bank is planning to open a branch in Ayodhya.
BUSINESS
Kotak Mahindra Bank Q3 results: Top 4 highlights from the earnings report
According to Motilal Oswal Financial Services, asset quality was expected to improve to 1.63 percent and Net NPA at 0.34 percent but the reported numbers missed expectations.
BUSINESS
Kotak Mahindra Bank made contingent provision of Rs 143 crore on AIF investments
The central bank had earlier said that regulated entities cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders.
BUSINESS
RBL Bank made contingent provision of Rs 115 crore on AIF investments: CEO
RBI said that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders.
BUSINESS
RBL Bank Q3 Results: Net profit jumps 11% to Rs 233 crore, asset quality stays healthy
RBL Bank Q3 Results: In line with the Reserve Bank of India's (RBI) diktat on alternative investment funds (AIFs), the bank made a provision of Rs 115 crore.
BUSINESS
MC Explains: Why is banks' CD ratio worrying the banking regulator? Here's all you need to know.
The CD ratio refers to the credit-deposit ratio in the banking industry. In other words, it tells us how much of the money banks have raised in deposits has been deployed as loans. A high CD ratio indicates liquidity and credit risks for banks.
BUSINESS
MC Analysis: Top 5 takeaways from HDFC Bank’s Q3 earnings
We examine the bank’s profits, provisions, digital initiatives, NPAs, and the impact of the increase in the risk weight of assets.
BUSINESS
HDFC Bank has made 100% contingent provision on its AIF book, says CFO
RBI on December 19 said that regulated entities, such as banks, non-bank lenders and home financiers, cannot invest AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders.
BUSINESS
HDFC Bank expects to start IPO process of HDB Financial Services in next few months, says CFO
For the October-December quarter of the financial year (FY) 2023-24, HDB Financial Services reported a profit of Rs 640 crore compared to Rs 500 crore last year
BUSINESS
HDFC Bank plans to increase branches to 13,000 in next 3-5 years, says CFO
Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank, highlighted that branch and network reach is important for growing granular deposits.
BUSINESS
HDFC Bank Q3 Results: Net profit jumps 33.5% to Rs 16,372 crore; asset quality stable
HDFC Bank Q3 results: The bank's gross non-performing assets (NPA) stood at 1.26%, up from 1.23% last year
BUSINESS
HDFC Life Insurance and other insurers in talks with IRDAI on draft surrender value regulations, says ED and CFO
Experts suggest that the higher surrender amount might encourage people to buy more policies, but might affect persistence.
BUSINESS
HDFC Life Insurance Q3 results: Net profit rises 16% to Rs 365 crore
Following the earnings, share price of HDFC Life closed for trading at Rs 638.15 apiece on BSE, 0.85 percent down.
BUSINESS
Banks’ Q3 FY24 earnings: Top five things to watch out for
Experts feel that banks will report healthy asset quality, and may see some pressure on their net interest margins.
BUSINESS
As Kisan Credit Card loans rise, experts urge caution
The total outstanding amount under the KCC scheme rose to Rs 8.85 lakh crore in 2023 from Rs 8.13 lakh crore in 2022.
BUSINESS
Budget 2024: Small lenders pitch for SME funding support, sector guaranteed scheme
Budget 2024: Microfinance institutions and small finance banks are expecting reforms pertaining majorly to their lending activities. A clutch of executives from microfinance institutions (MFI) and small finance banks (SFB) pitched for funding support and the need for a sector guaranteed scheme from the upcoming budget.
BUSINESS
Banks may face pressure on interest margins as growth momentum in credit, deposits continues
Analysts said tight liquidity conditions would persist and short-term deposit rates would likely harden.
BUSINESS
Bank lending to aviation sector surges 65% as airlines borrow more to fund lease contracts, hirings
A senior Air India executive said the price of monthly aircraft leasing contracts has recently risen nearly 1.5-2% compared to 2022, which led to higher borrowing when taking delivery of aircraft for domestic airlines
BUSINESS
Interim budget unlikely to propose capital infusion for public sector banks: Experts
In the past 10 Union budgets, public sector banks have got capital infusion thrice, totaling Rs 3.35 lakh crore.
BUSINESS
Interview: Federal Bank reviews interest rates on personal loans post-RBI action, says ED Shalini Warrier
The bank is always in discussions with many partners and will announce some new partnerships in the coming months, Warrier added
BUSINESS
Bank lending to renewable energy falls significantly, shows RBI data
Experts attributed the slump to lack of participation from banks in the renewable energy segment. Only a few banks are aggressively working towards lending to renewable energy and green projects, they said
BUSINESS
IRDAI's proposal to hike surrender value for non-par products could impact insurers’ VNB margins, profit, say experts
They add that IRDAI is aiming to boost insurance penetration in India, and the draft circular aims to do that.
BUSINESS
Explained | Why the RBI barred lenders from investing in AIFs linked to borrower companies
Experts say the central bank brought in the measure to tackle the growing practice of loans being evergreened by lenders.
BUSINESS
FPIs increase stake in Indian banks, drawn by their resilience, growth prospects
Experts said many Indian banks reported record profits in the past year and their lowest levels of non-performing assets
