Page 10 - Banking

Citigroup plans to apply for stock, futures trading in China: Report

Khullar said India is a strategic talent pool for Citi and it will continue to grow the five 'Citi Solution Centers'

Citigroup's retreat highlights global banks' struggle in China, India

Increased rivalry from domestic lenders, especially in consumer financing, and competition for top talent contribute to challenges.

Future-ready banking

Book review of Transformational Leadership in Banking: Challenges of Governance, Leadership and HR in a Digital and Disruptive World

South Indian Bank's Q4 deposits dip to Rs 82,710 cr from from Rs 83,034 cr

South Indian Bank's total deposits dipped marginally to Rs 82,710 crore in the January to March quarter from Rs 83,034 crore in the year-ago period

Private lender Yes Bank targets startup sector, ties-up with GVFL

To broaden its services for the start-up sector, the lender Yes Bank has tied-up with GVFL Limited.

Capital infusion into PSBs: Preparatory work for privatisation starts

Buoyant market may gradually reduce PSBs' dependence on government for funds

Digitising India with high investments in automation

In adoption of emerging technologies, banking and financial services have already set the pace of transformation

Leading private banks to cancel auto-debit payments from April 1

RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in fines

Retail loans set to become largest segment for Indian banking industry

Lenders depending on personal loans rather than industrial credit

Nationwide bank strike continues to impact PSB services on second day

Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government's policy to privatise the lenders

Focus on technology

Banks must invest in improving customer interface

Microfinance loan portfolio stands at Rs 2,32,648 cr as of Dec-end: Report

The microfinance industry's gross loan portfolio (GLP) grew 10.1 per cent to Rs 2,32,648 crore as on December 31, 2020

PNB Housing Finance, Yes Bank sign strategic co-lending pact home loans

PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates

Explained: What is NUE licence for retail payments and who's interested?

Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments

Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

MSC Bank scam: Hearing on Anna Hazare's plea against closure starts

Maharashtra Deputy Chief Minister Ajit Pawar was one of the accused named in the case

Constitutional challenges to a complete cryptocurrency ban in India

The need then is to regulate, not ban, experts say

Banking Reset 2.0: Tectonic changes are underway in Indian banking

Towards the end of the calendar year, an Internal Working Group (IWG) of the RBI made a case for large corporate groups being permitted to spawn banks

Govt to privatise two PSBs and insurance firms, LIC IPO slated for FY22

Asset reconstruction company to take over all stressed assets from bank books, manage it before selling it further to private parties such as distressed assets funds

UCO Bank reports Q3 profit at Rs 35.44 cr on low provisions for bad loans

The Kolkata-based bank had reported a net loss of Rs 960.17 crore during the October-December period of the previous fiscal year