BANKS

Ahead of banking recapitalisation, taking stock of the country's banking sector

A bad bank is an entity that acquires NPAs from banks, leaving them to focus on core banking matters.

Budget 2021 may keep aside Rs 25,000 crore for capital infusion in public sector banks

In its latest Financial Stability Report released earlier this month, the Reserve Bank of India (RBI) said public sector banks’ gross non-p...

Public sector banks lead in loan revival as private banks fear defaulting

Public sector banks are seeing their loan book growing across all major segments agriculture, retail, MSMEs, personal loans except corporat...

HDFC, ICICI, SBI remain systemically imp banks: RBI

The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014. The D-SIB framework requires the central to disclose the na...

HDFC Bank submits outage control plan

The bank is working on multiple immediate and long-term solutions as part of its internal review. “The action plan that the bank is working...

Citi appoints Arjun Chowdhry as head of global consumer banking, India

Arjun Chowdhry will join the Asia consumer leadership team, ensuring alignment with global and regional priorities and attracting the right...

Banks parked Rs 2 trillion excess cash amid RBI signalling

The cut-off yield, above which banks cannot claim a rate for parking excess cash, was at 3.55 percent. That was higher than the average mar...

IDFC First Bank enters credit card business

Generally, the annual percentage rate or the APR for other banks ranges from 34-40%. Customers can also use interest-free cash withdrawal f...

Govt decides not to issue anymore zero coupon bonds for banks’ recapitalisation

The government had relied on zero coupon bonds for the first time last year when it used it to infuse Rs 5,500 crore in state-owned-Punjab ...

Banks rely on farmers for new loans

Economists attribute this trend to farm sector doing better than the urban-centric sectors like industries and services during the pandemic...

RBI imposes Rs 2 crore penalty on Deutsche Bank

The action, the RBI added, was based on the deficiencies in regulatory compliance and was not intended to pronounce upon the validity of an...

Indian banking's digital drive is looking increasingly bright for banking correspondents

Thanks to their role in taking banking and financial services to the last mile, several ecommerce players are interested in tapping them to...

View: Bad bank is a good idea, but India's debt-laden banks need a better plan

How does one make bad loans seamlessly move from banks to investors who love dealing in junk? How does one make such deals part of a normal...

The future of banking: Lessons from the DBS takeover

The credit-starved Indian market provides a opportunity for universal banks to explore and grow profitably.

Shivalik Bank gets license as Small Finance Bank

Shivalik bank has over four lakh customers and a total business size of Rs 1,800 crore as on March 31, 2020. The total advances stood at Rs...

Bank of Baroda launches WhatsApp banking services

The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card an...

Post Office Savings Bank likely to be interconnected with other banks by April

The postal department during the lockdown was at the frontline to deliver essential parcels when rail, road and air traffic were grounded a...