Banks
What's ahead for the defeated IT, banks, realty and metals?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
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.
 "RBI-constituted panel to review customer service standards in banks, NBFCs")
What's ahead for the defeated IT, banks, realty and metals?
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
 "What's ahead for the defeated IT, banks, realty and metals?")
LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float
According to LIC's final offer document, the company shelled out just Rs 11.8 cr as payment to book running lead managers, or 9.9% of total issue expenses
 "LIC IPO: Banks get just 0.06% of proceeds to handle India's largest float")
SME Chatroom: Banks can write off import entry in IDPMS over quality issues
RBI rules allow AD Category-1 banks to close BoE for such import transactions where write-off is due to short shipment or destruction of goods by port/Customs/health authorities
 "SME Chatroom: Banks can write off import entry in IDPMS over quality issues")
ICICI Bank, UK's Santander sign MoU to ease corporate banking at both ends
The partnership is aimed at serving the banking needs of the corporate ecosystem in the growing UK-India corridor, the banking executive noted.
 "ICICI Bank, UK's Santander sign MoU to ease corporate banking at both ends")
RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT
Non-bank finance companies (NBFCs), however, may feel more heat, except those engaged in mortgage financing
 "RBI hikes repo rate by 40 bps: Analysts see muted impact on banks' NIM, PAT")
More is less in client communication
Sarika likes to go through all the communication she receives and then take an informed decision. She was hassled because this deluge was hindering her
 "More is less in client communication")
Banks, FIs will have to factor cross-holding norms for investing in LIC IPO
State-owned insurer is a significant investor in banks' capital, especially in public sector lenders.
 "Banks, FIs will have to factor cross-holding norms for investing in LIC IPO")
Barclays suspends market making in its own debt after blunder
Barclays disclosed on March 28 that it had exceeded a U.S. limit on sales of structured products, triggering a loss and a potential restatement of 2021 accounts of two units
 "Barclays suspends market making in its own debt after blunder")
Consumer loans up 32% in festive season of FY22, marking demand revival
The festive season spanning October-December period saw origination worth Rs 19,356 crore in FY21.
Banks globally need to compete with fintech players to keep pace: Report
Nearly half of respondents said their current banking relationships were neither rewarding (49 per cent) nor emotionally connected (48 per cent), while 52 per cent said banking was not 'fun'
 "Banks globally need to compete with fintech players to keep pace: Report")
'Unconfirmed LC binds only the issuing bank to pay'
In a freely negotiable LC, any bank can negotiate the LC compliant documents, pay the party and claim reimbursement in accordance with the instructions of the LC issuing bank.
 "'Unconfirmed LC binds only the issuing bank to pay'")
Govt setting up 75 digital banks this year, says FM Nirmala Sitharaman
Sitharaman is in Washington DC to attend the annual spring meeting of the International Monetary Fund and the World Bank
 "Govt setting up 75 digital banks this year, says FM Nirmala Sitharaman")
Listed commercial banks likely to report 77% rise in Q4 net profit
The combined profit after tax (net profit) of the 17 banks under review is expected to grow to Rs 42,013 crore for Q4FY22
 "Listed commercial banks likely to report 77% rise in Q4 net profit")
Decline in bad loans to improve profitability of banks: Report
Capital ratios at Public Sector Banks (PSBs) have improved in the past year, helped by capital infusions from the government, it said
 "Decline in bad loans to improve profitability of banks: Report")
Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts
Q4 preview: Analysts believe earnings momentum is likely to gather pace, with healthy loan growth, stable margins, and improving asset quality trends
 "Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts")
What is KYC and why is it mandatory to avail many financial services?
The RBI imposed a fine of Rs 93 lakh on a major private lender last week for rules violations -- including that of Know Your Customer or KYC. But what is KYC? Here is some insight
 "What is KYC and why is it mandatory to avail many financial services?")
Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
 "Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%")
HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth
The transaction involves the amalgamation of HDFC and its two wholly-owned subsidiaries HDFC Holdings and HDFC Investments with HDFC Bank
 "HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth")
