Page 13 - Banks

These bank stks may tank up to 18% as second Covid wave threatens recovery

The next support for the Nifty Bank index is at 30,000. Any breach of the same may result in a bearish trend towards 28,000-mark

Citi may be spoilt for choice for consumer business suitors: Analysts

Process may take more than a year to complete, say analysts; business as usual as of now

Four entities apply for universal bank, four others for SFB licence

Entity backed by Flipkart co-founder Sachin Bansal announced its intent for universal bank in Jan 2020

Bank earnings: Loan growth to improve, SC gives clarity on asset quality

Lenders are expected to show quarter on quarter improvement in loan growth, say analysts.

SBI collects Rs 300 cr from zero balance accounts in 5 years: Study

Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided

Fluctuating bond yields key risk for banks' profitability, NIMs in FY22

Valuations likely to take 13-23 per cent hit if rates increase by 100-200 bps, say analysts

J&K Bank to get up to Rs 500 crore to maintain adequate capital buffers

The capital adequacy improved on equity infusion of Rs 500 crore by the J&K government in Q4FY20 and three profitable quarters in FY21

Like telcos, banks may soon pester customers daily to pay up via messages

Working on an RBI mandate to automate its NPA alert system real-time, instead of manually gauging NPA status at the end of the month, Chennai-based Indian Bank sent a message to its surprised customer

Stressed and not showing: Covid-19 relief hides true picture about banks

Banks seem to be doing better as India's economy recovers from the Covid-19 devastation. But be prepared for shocks when a true picture emerges, writes Devangshu Datta

Second Covid-19 wave and lockdown lesser disruptors for banking sector

Valuations may not correct much here on as Street factors for less than 10 per cent growth for FY22

RBI extends deadline for processing auto-debit payments by 6 months

To make digital payments in India 'safe and secure', RBI had earlier made Additional Factor of Authentication mandatory after March 31

Govt not interested in footing Rs 8,000-cr moratorium bill for banks

Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said a top govt official

Automatic recurring payment to comply with RBI direction from April 1

As part of risk mitigation measure, RBI announced this step to bolster safety and security of card transactions

Global banks may lose more than $6 billion from Archegos Capital fallout

Japan's Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks

Learning to be flexible in a changing world

As India looks to solidify its position as a competitive global commerce hub, it is essential to deepen economic integration and lower trade costs. The key to achieving this is trade digitisation

Banks to conduct special clearing operations for closure of govt accounts

Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said.

Asia Pacific banks to face portfolio valuation losses as yields rise: Fitch

A rise in yields for long-dated sovereign bonds will result in near-term losses for the A-Pac banks as they recognise valuation changes on their available-for-sale bond portfolios, according to Fitch

Govt may seek details of interest on interest charged by banks

Government may ask banks to provide details of interest on interest collected by them for loans exposure of over Rs 2 crore.

Breezy summer ahead for consumer durables financiers, say analysts

Strong product demand is expected to drive loan book of lenders

Banks to send more cases to bankruptcy courts even as old ones lie stagnant

Several roads, real estate and power companies are headed to the bankruptcy courts once the one-year ban imposed by the RBI lifts in the coming week