Indian Banking System

RBI seeks granular data from NBFCs, wants to check lending standards

Purpose is also to check if interest rates being charged are in line with far practices code

Nomura cuts target prices for Axis Bank, SBI and BoB ahead of Fed meeting

Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.

ICICI Bank-Videocon case: SC notice to Chanda Kochhar, husband on CBI plea

The Central Bureau of Investigation has alleged that after the loan was sanctioned, Videocon Group promoter VN Dhoot invested Rs 64 cr into Nupower Renewables, a company managed by Chanda Kochhar

Trigger happy regulator? RBI Dy Guv says action to protect customers

In recent years, the regulator has imposed business restrictions and barred entities from onboarding new customers for violating norms and causing customer inconvenience

Long-term projects should be funded through debt market: Sanjiv Bajaj

Banks are ill suited to fund long term projects as there is a mismatch between assets and liabilities, he said

Foreign lenders lured by stake sales in Indian banks, face tighter rules

Banking sector deals in India, especially those involving foreign entities, are rare

Expecting NIMs to climb in a few quarters, says RBL Bank MD & CEO

He outlines the bank's approach to safeguarding its net interest margin (NIM), mobilising liabilities amid fierce competition for deposits, and reorganising its advances portfolio

The untold story of bank deposits

Households still invested Rs 10 trillion in bank deposits and another Rs 2.5 trillion in small savings deposits out of this Rs 29.7 trillion pie, or 42%

FM to discuss bad loans taken over by NARCL with PSBs, RRBs on Monday

Sitharaman had last chaired a meeting with heads of PSBs in December 2023

PSBs target healthcare, housing to boost deposits with new lucrative deals

RBI Governor Shaktikanta Das highlighted at the press briefing that interest rates are deregulated and banks are free to decide on interest rates

Yes Bank appoints veteran banker Sumit Bali to head retail business

Bali will join Yes Bank from Aug. 26 and report to executive director Rajan Pental, one of the sources said

RBI mops up Rs 11.6K crore via OMOs in July amid liquidity surplus

Along with OMO sales, the RBI has also been conducting VRRR auctions in order to drain excess liquidity

Rates to remain elevated for loans, bulk deposits: Bank of India MD & CEO

With rising cost of funds, loans rates on highly rated corporates will need a relook to protect margins, he says

Bank credit-deposit ratio: Work to restore normalcy in system continues

RBI wants banks to explain how they plan to bring it down but has set no specific target

Changing dynamics of Indian banking

One constant feature of banks' balance sheets over the years - in good times and bad - is the high bad loans in the agriculture sector. Can anything be done about it?

Indian banks see climate change as their biggest source of systemic risk

It wasn't until earlier this year that the RBI finally released a draft framework that would require financial institutions to devise and disclose their strategies to mitigate climate-related risk

HDFC Bank to migrate its core banking system to a new platform on July 13

Customers will have limited access to bank's services during the 13.5-hour upgrade

IBPS Clerk Recruitment 2024: Notification for 6128 vacancies out at ibps.in

The IBPS has issued a recruitment notice for openings for IBPS Clerk 2024. On the official website at ibps.in, interested candidates can sign up for the preliminary examination

Bank holidays in July 2024: Banks to remain closed for 12 days; check list

According to the RBI list, banks will remain closed for 12 days in July, including second and fourth Saturdays and Sundays. Check the full list of bank holidays in July here

Indian banks are strong enough to support growth

While the share of retail loans has increased, they are anchored in secure home loans