Page 2 - Banking News

HDFC Bank's Sashidhar Jagdishan is 'BS Banker of the Year 2022'

5-member jury picks him for bank's good performance under his leadership

Energy war, chip-battle, Taiwan in focus at WEF in a turbulent world order

For the titans of commerce gathering in Davos this week, all of this marks a shift away from the era of ever-closer global ties, when big business thought it had succeeded in making the world flat

Govt committed to privatisation of two public sector banks: Report

According to sources, Central Bank of India and Indian Overseas Bank are likely candidates for privatisation

Paytm payments bank expects RBI curbs to be lifted in 3-5 months: Executive

The bank is working with the RBI to complete the IT audit and address the regulator's concerns, says Madhur Deora.

Bandhan Bank to increase exposure to secured loans to MSME: MD & CEO

Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, its Managing Director and CEO Chandra Shekhar Ghosh said.

RBI-constituted panel to review customer service standards in banks, NBFCs

The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

Bank of Maharashtra to pay 5% dividend from net worth on govt nudge

The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE

Credit card spending online Rs 30k cr higher than swipes in March: RBI data

In terms of the number of transactions, credit card transactions were marginally lower online at 11 crore as against 11.1 crore offline or at PoS machines

ECB inflows to moderate on rising rates, depreciating rupee: Bank of Baroda

External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021

The curious case of $1-billion SBI loan to debt-ridden Sri Lanka

SBI has been designated by the RBI as one among the domestic systemically important banks (D-SIBs)

Credit card spend jumps 48% to top Rs 1 trillion in March, shows data

The jump has been driven by the pickup in consumption as the pandemic recedes

Bandhan Bank to increase exposure to secured loans, says MD & CEO

Private lender Bandhan Bank will gradually increase its exposure to secured loans by enhancing advances to the housing and MSME sectors, an official said.

No capital support from govt needed this year: Punjab & Sind Bank MD

Punjab & Sind Bank would not require further capital infusion from the government to meet growth needs during the current fiscal year, the top official of the bank said

Bank of Maharashtra eyes 25-30% jump in net profit in FY23 with NII growth

In the fiscal ended March 31, 2022, the Pune-based lender reported an over two-fold jump in its profit after tax (PAT) at Rs 1,152 crore, as against Rs 550 crore for the year ended March 2021

PNB earns over Rs 645 crore through ATM transaction charges in FY22

Besides, the country's second largest lender collected Rs 239.09 crore in the form of penalty imposed on customers who failed to maintain minimum balance or quarterly/monthly average balance

Karur Vysya Bank posts 105% rise in net profit to Rs 213 crore in Q4

The bank is expecting a 12 per cent growth on advances and 15 per cent on the CASA front during the current financial year.

Overseas loan business of 6 Indian banks up 7-33% in FY22, shows data

Bank officials said India-centric business had predominant share - funding exports and imports as well as terms loans.

BRICS bank to open India's regional office in GIFT City in Gujarat

The Indian Regional Office will be instrumental in enhancing NDB's engagement with borrowers and stakeholders

Bank credit grows 10.82%; deposits rise 9.71% in fortnight ended May 6: RBI

In FY22, bank credit rose by 8.59% and deposit by 8.94%