BUSINESS
Banks may see some impact on profits due to RBI’s draft norms for higher provisioning on infra lending, say experts
According to research reports, public-sector banks will see a larger impact compared to private lenders.
BUSINESS
Banks report robust gold loan growth amidst regulatory tension
In the past few months, the central bank has been cautioning gold-loan lenders on business with their fintech partners.
BUSINESS
Bandhan and Canara Bank’s officers browbeat employees in meeting, video goes viral
Both banks took to social media to condemn the incidents and promised action but it is not clear whats steps, if any, have been taken against the employees concerned.
BUSINESS
Post RBI relaxation, top banks write back Rs 457 crore from provisions in AIFs
The RBI on March 27 issued certain clarifications on its earlier guidelines on investments by lenders AIFs, which have further investments in borrower companies linked to the lenders.
BUSINESS
KVS Manian doesn't have any offer in hand, says Kotak CEO Vaswani
The CEO was answering a query about the recent exit of KVS Manian, the bank's former joint managing director.
BUSINESS
Worried more about reputational impact than financial impact, says Kotak Bank's Vasvani
Ashok Vasvani, MD and CEO, said that the bank intends to go tight on business with existing customers
BUSINESS
Kotak Mahindra Bank Q4: Key highlights from the earnings report
The bank, in the investor presentation said that it has assessed impact of the restrictions by the Reserve Bank of India (RBI) on its digital and other business.
BUSINESS
South Indian Bank looking to maintain deposit growth of around 11% in FY25, says CEO
The bank would like to get back to the credit card business if the RBI permits. It will also look for new tie-ups for its co-lending activities, Seshadri said.
BUSINESS
Federal Bank board in advanced stages for scouting new CEO, says Shyam Srinivasan
Earlier, some media reports said that KVS Manian, who recently resigned as the Joint MD and from the Kotak Mahindra Bank's Board, may join Federal Bank as its MD & CEO
BUSINESS
Jana Small Finance Bank targeting deposit growth of 20% in FY25, says CEO
The bank’s net interest margin increased 20 basis points, Kanwal said, despite the cost of funds rising as well, offset in part by the housing loans portfolio.
BUSINESS
MC Exclusive: Jana Small Finance Bank to apply for universal bank licence by May-June 2025, says CEO
The bank meets all the criteria except for one, to have a GNPA under 3 percent and NNPA under 1 percent for two financial years.
BUSINESS
RBI action poses challenge to Jay Kotak-led Kotak 811, say industry veterans
As per latest data available, Kotak 811 is a critical division in the bank’s operations, accounting for nearly 95% personal loan disbursals, 99% credit card sales and 79% new business.
BUSINESS
ICICI Bank wrote back Rs 100 crore on AIF provisions, says CFO
The Reserve Bank of India (RBI) on March 27 issued certain clarifications on its earlier guidelines on investments by lenders in AIFs, which have further investments in borrower companies linked to the lenders.
BUSINESS
Yes Bank registered 5 million UPI transactions monthly after Paytm partnership, says CEO
Yes Bank and Axis Bank went live on Paytm app early March 15, allowing users to create new handles.
BUSINESS
IndusInd Bank continuously evaluating IT capability, says CEO
The bank, Kathpalia said, spends around 8-10 percent of its total cost to income on IT
BUSINESS
Axis Bank Q4 earnings: Analysts give thumbs-up on robust margins, deposit growth
The bank board approved the re-appointment of Amitabh Chaudhry as managing director and CEO for another three years, with effect from January 1, 2025 up to December 31, 2027.
BUSINESS
Should Kotak Mahindra Bank’s existing customers worry about the RBI action ?
RBI has barred the bank from onboarding new customers through its online and mobile banking channels and issuing fresh credit cards, citing supervisory concerns over its technology platforms.
BUSINESS
No worries over co-lending ties with IIFL Finance after RBI action: DCB Bank’s outgoing MD
On March 4, the Reserve Bank of India (RBI) had asked IIFL Finance to stop sanctioning or disbursing gold loans upon observing certain 'material supervisory concerns' in the company's gold loan portfolio.
BUSINESS
Axis Bank constantly monitoring IT systems, says management
The bank should be able to continue resilience in IT systems, the management said.
BUSINESS
RBI ban to affect Kotak Mahindra Bank's co-branded credit card deals, say experts
The bank has five co-branded credit cards —- with IndiGo Airlines, PVR, Indian Oil Corporation, Myntra, and Metro Cash and Carry
BUSINESS
Lower-level employee hiring may slow for PSBs in FY25
RBI data showed that total employee strength at public sector banks fell to 7,56,644 in March 2023 from 8,42,813 in March 2014. Additionally, hiring at clerical level dropped in the last few years, though some argue this needs to be reversed given the rising pressure at the branch level.
BUSINESS
Banks’ CD ratio eases for now but may rise in FY25, says CareEdge report
Earlier, the CD ratio of banks, which was around 80 percent, was on a decadal high.
BUSINESS
Merchant customer migration to new UPI IDs from Paytm completed: Vijay Shekhar Sharma
One97 Communications Limited on April 17 started customer migration to partner payment service provider (PSP) banks
BUSINESS
Kotak Mahindra Bank ups digital game; plans to launch revamped Kotak 811 and new payments service app
811 is the digital banking arm of Kotak Mahindra Bank. The private sector lender is also looking at launching a mobile application specifically for digital payments services. The move comes amid intense competition in the digital banking space.
