Moneycontrol PRO
you are here: HomeNewsBanks
banks
Jump to
  • What is banks’ PCR? Aug 17, 2022 05:12 PM IST

    What is banks’ PCR?

  • SBI opens branch dedicated to startups in Bengaluru Aug 16, 2022 08:26 PM IST

    SBI opens branch dedicated to startups in Bengaluru

    Besides banking services, SBI is planning to house specialist officers for forex, treasury solutions, wealth management and credit needs of startups.

  • RBI fresh circular on recovery agents largely a reiteration, unlikely to resolve customer complaints, experts say Aug 16, 2022 05:57 PM IST

    RBI fresh circular on recovery agents largely a reiteration, unlikely to resolve customer complaints, experts say

    Overall complaints relating to credit cards, failure to meet commitments, and Direct Selling Agents (DSAs) and recovery agents increased during July 1, 2020 to March 31, 2021 as against the previous year, with complaints related to DSAs and recovery agents surging 61%, the RBI said.

  • SBI raises benchmark lending rates by up to 50 basis points Aug 15, 2022 06:33 PM IST

    SBI raises benchmark lending rates by up to 50 basis points

    The increase in lending rate comes days after the Reserve Bank of India hiked its benchmark lending rate by 50 basis points to tame inflation.

  • RBI tells banks, regulated entities to desist from harassing borrowers for over dues Aug 12, 2022 05:05 PM IST

    RBI tells banks, regulated entities to desist from harassing borrowers for over dues

    Regulated entities must ensure recovery agents call borrowers only after 8 am and before 7 pm, the regulator said in a release.

  • Who is the highest paid bank CEO in India in FY22? Find out here Aug 11, 2022 10:08 AM IST

    Who is the highest paid bank CEO in India in FY22? Find out here

    Chaudhry was also separately granted a total of 412,938 stock options of Axis Bank during FY22

  • Banks’ margins improved in Q1, but faster deposit mobilisation could limit upside in FY23, say experts Aug 10, 2022 05:01 PM IST

    Banks’ margins improved in Q1, but faster deposit mobilisation could limit upside in FY23, say experts

    Some banks may choose to mobilise deposits by adopting a relatively more aggressive pricing strategy, which could limit the upside on NIMs, analysts said.

  • Q1 marks growth phase for India’s banks but warts are visible too Aug 10, 2022 11:33 AM IST

    Q1 marks growth phase for India’s banks but warts are visible too

    The top five banks by asset size accounted for half of the reduction in provisions and 53 percent of the drop in bad loans. This means small lenders are yet to recover completely

  • India’s cooperative mess | Why issue license to UCBs if you can’t repay depositors on time, PMC Bank depositors ask Aug 08, 2022 05:48 PM IST

    India’s cooperative mess | Why issue license to UCBs if you can’t repay depositors on time, PMC Bank depositors ask

    While the Deposit Insurance and Credit Guarantee Corporation (DICGC) cover has helped a majority of depositors, others with deposits above Rs 5 lakh are still waiting to get their money back.

  • 'Quite okay' with lowering stake in Yes Bank to 26% by March 2023, says SBI chairman Aug 06, 2022 06:54 PM IST

    'Quite okay' with lowering stake in Yes Bank to 26% by March 2023, says SBI chairman

    As bond yields soften, SBI will recover most of the mark-to-market losses made in Q1, Dinesh Kumar Khara said

  • ICICI Bank, PNB hike external benchmark based lending rates Aug 05, 2022 09:42 PM IST

    ICICI Bank, PNB hike external benchmark based lending rates

    The Reserve Bank of India (RBI) increased the key policy repo rate — at which it lends short-term money to banks — by a steep 50 basis points or 0.5 per cent to a three-year high of 5.40 per cent to tame high inflation.

  • RBI Monetary Policy | Bankers predict up to 50 bps hike in lending rates after repo rate reaches 5.4% Aug 05, 2022 06:29 PM IST

    RBI Monetary Policy | Bankers predict up to 50 bps hike in lending rates after repo rate reaches 5.4%

    A 50 bps rate hike may seem hawkish, but it was required to control inflation, South Indian Bank MD & CEO Murali Ramakrishnan said

  • RBI to issue lenders directions on financial ops outsourcing Aug 05, 2022 12:42 PM IST

    RBI to issue lenders directions on financial ops outsourcing

    Although outsourcing of a permissible activity is an operational decision of the lender, it exposes them to various risks, the RBI said

  • Falling Treasury Bill yields indicate aggressive MPC rate hikes less likely, experts say Aug 04, 2022 02:44 PM IST

    Falling Treasury Bill yields indicate aggressive MPC rate hikes less likely, experts say

    At an auction on August 3, RBI sold 91-day T-Bills at a cut-off yield of 5.56 percent, down six basis points (bps) from last week. It sold the 182-day and 364-day notes at 5.89 percent and 6.23 percent cut-off yields, respectively, down nine and 10 bps from last week’s levels.

  • Indian banks reported 248 data breaches in last four years, says government Aug 02, 2022 09:32 PM IST

    Indian banks reported 248 data breaches in last four years, says government

    Of the total 248 successful data breaches, 41 were reported by PSBs, while private sector banks reported 205 data attacks

  • India’s top 25 wilful defaulters owe about Rs 59,000 crore to banks, says Centre Aug 02, 2022 07:00 PM IST

    India’s top 25 wilful defaulters owe about Rs 59,000 crore to banks, says Centre

    Mehul Choksi promoted Gitanjali Gems Ltd is the top wilful defaulter with Rs 7,110 crore in dues

  • Banks write off loans worth Rs 10 lakh crore in last 5 years Aug 02, 2022 04:58 PM IST

    Banks write off loans worth Rs 10 lakh crore in last 5 years

    During 2021-22, the write-off amount came down to Rs 1,57,096 crore compared to Rs 2,02,781 crore in the previous year.

  • No takers: Govt should trim supply of floating rate bonds in Oct-March, say dealers Aug 01, 2022 05:31 PM IST

    No takers: Govt should trim supply of floating rate bonds in Oct-March, say dealers

    Floating rate bonds have seen tepid demand in weekly auctions, which is why they have devolved on the primary dealers for three successive weeks of issuance

  • What is banks’ other income? Aug 01, 2022 04:54 PM IST

    What is banks’ other income?

  • Punjab & Sind Bank profit rises 18% to Rs 205 crore in April-June Aug 01, 2022 04:52 PM IST

    Punjab & Sind Bank profit rises 18% to Rs 205 crore in April-June

    New Delhi, Aug 1 State-owned Punjab & Sind Bank on Monday reported an 18 per cent growth in net profit at Rs 205 crore in the April-June quarter of..

  • China banks may face $350 billion in losses from property crisis Aug 01, 2022 06:58 AM IST

    China banks may face $350 billion in losses from property crisis

    A spiraling crisis of stalled projects has dented the confidence of hundreds of thousands of homebuyers, triggering a mortgage boycott across more than 90 cities and warnings of broader systemic risks. The big question now is not if, but how much it will batter the nation’s $56 trillion banking system.

  • Life After Listing Jul 29, 2022 07:08 PM IST

    Life After Listing

    2021 saw an IPO rush as companies across industries went public. Here are some of them with their experience of life after listing.

  • What is the CASA ratio? Jul 28, 2022 06:15 PM IST

    What is the CASA ratio?

  • As credit demand grows in India, banks may soon be scrambling for deposits Jul 28, 2022 01:55 PM IST

    As credit demand grows in India, banks may soon be scrambling for deposits

    Deposit growth has floundered as high inflation has resulted in less savings, as would be depositors are choosing to put money into shares and mutual funds in search of better returns, said Madan Sabnavis, chief economist at state-owned lender Bank of Baroda.

  • It will be 'silly to leave India', says crisis-hit Franklin Templeton Jul 26, 2022 08:29 PM IST

    It will be 'silly to leave India', says crisis-hit Franklin Templeton

    In November 2020, Sebi had issued a show cause notice to the company following its April 2020 decision to wind up six debt schemes having Rs 25,000 crore of AUM from 3 lakh investors, citing liquidity challenges because of the pandemic.

Sections
ISO 27001 - BSI Assurance Mark