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Indian banks News
Banks close FY19 with 13.24% credit growth, deposits up 10.03%
Thu, Apr 11, 2019
This is the second consecutive double-digits credit growth after the same had declined to 4.54 percent in FY17 at Rs 78.41 lakh crore, which was the lowest since 1963.
Govt bank's next recapitalisation installment in March: Sources
Fri, Feb 08, 2019
Sources have said that next installment of recapitalisation will be in March, say sources. Watch the video to know more.
Data breach: Microsoft shared Indian bank customers’ financial details with US intelligence agencies
Tue, Oct 30, 2018
Reserve Bank of India has flagged the data sharing by the service provider in its Risk Assessment Report (RAR), which has been placed before the banks’ audit committees for a response.
Indian banks, insurance cos increasingly embracing digitisation: US tech expert By Gurdip Singh
Fri, Aug 17, 2018
The Indian government is giving citizens direct access and connectivity, shifting away from bureaucracy, observed Sandie Overtveld, vice president sales for Asia Pacific at Zendesk, a US-headquartered customer service software company.
Government nominee not available on Loan Sanction Committees of banks: Sources
Wed, Apr 18, 2018
According to the sources, under the Banking Act, the banks are not obliged to report loans that have been sanctioned. Section 45 of the Act allows banks to keep the information confidential.
Indian banks are most at risk in South and SE Asia, Moody's says
Wed, Jul 26, 2017
Key Highlights: Indian banks most vulnerable in South and Southeast Asia Moody's says result from a poll in Hong Kong and Singapore
Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis
Fri, May 05, 2017
The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”
Here's how banks can save themselves from NPA stress
Wed, May 03, 2017
Bad loans are one of the reasons why banks are currently suffering through higher provisions, deterioration in asset quality, higher slippages and thus lower earnings.
Inflation impact: Say goodbye to your dreams of lower EMIs
Wed, Mar 15, 2017
India's wholesale and retail inflation has inched up to 6.55% and 3.65%, respectively for February 2017.
Charge on cash deposit: Why blame the banks when RBI approved move
Mon, Mar 06, 2017
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
Indian banks' loans rose 4.8% in two weeks to Feb 17 - RBI
Fri, Mar 03, 2017
Outstanding loans rose Rs 62.60 billion ($936.63 million) to 74.85 trillion rupees in the two weeks to Feb 17. Non-food credit rose Rs 80.70 billion toRs 73.80 trillion, while food credit fell Rs 18.10 billion to Rs 1.06 billion.
Q3 review: Credit growth, weak NII, fee income to impact banking sector
Tue, Jan 10, 2017
Systematix said, "We expect banks’ pre-provisioning profits to rise a modest 7.7% yoy (-14.2% qoq). However, due to lower NPA provisioning yoy, we expect our banking universe to see the net profit rising 54.9% yoy in 3QFY17e."
Asset quality issue: Indian banks' profitability and capital requirement to remain under pressure, says Moody's
Mon, Jan 09, 2017
Alka Anbarasu, a Moody's Vice President said, "Asset quality will remain a negative driver of the credit profiles of most rated Indian banks and the stock of impaired loans. Non-performing loans (NPLs) and standard restructured loans will still rise during the horizon of our outlook."
Bank deposits soar but no sight for lending uptick
Mon, Dec 12, 2016
Nitin Aggarwal, Renish Patel analysts of Antique Stock Broking Limited said, " We expect credit growth to remain in single digit for FY17 (10% y-y growth in FY16) as capex cycle remains subdued while the demonetisation activity may further put pressure on industrial demand in the near term."
Here is why banks stocks are falling on RBI's CRR strike
Mon, Nov 28, 2016
As the liquidity under banks keeps increasing, they will have to mandatorily park their increments as CRR with RBI, for which Care feels will affect banks profit & loss account.
Banking stocks crash on RBI's cash control measures
Mon, Nov 28, 2016
On November 29, RBI stated that it plans to occupy the excess liquidity in the Indian banks by applying an incremental cash reserve ratio (CRR) as a purely temporary measure. At present, the CRR remains unchanged at 4%.
Masala bonds are gaining traction; here's why
Mon, Nov 14, 2016
Kavita Chacko, Economist of CARE Ratings said, “ The masala bonds issued by banks provides for an additional source of funds for banks and could aid in improving their capital base. Also, the issuance of these bonds by banks would help in developing the market for rupee denominated bonds in international markets. ”
RBI gives Indian banks the go-ahead to issue masala bonds
Thu, Nov 03, 2016
RBI said issuance of such bonds will help develop the market of rupee-denominated bonds overseas and also to provide an additional avenue to raise capital/long-term funds for Indian banks.
Essar-Rosneft deal: Banks will have their long awaited laugh
Mon, Oct 17, 2016
Essar Group's deal with Russia’s Rosneft on Saturday to sell Essar Oil for Rs 72,800 crore is likely to send a wide grin on face of a few banks.