Page 15 - Banks
Canara Bank Q3 net down 9% to Rs 696 cr due to higher provisioning
Gross NPAs drop 236 bps to 7.46%, net NPAs down 298 bps to 2.64%
 "Canara Bank Q3 net down 9% to Rs 696 cr due to higher provisioning")
Banks in India ready for transition, but the world still loves Libor
Libor era ends this year, and banks across the globe will have to shift to an alternative rate. Two popular choices available only have a few swap deals linked to them
 "Banks in India ready for transition, but the world still loves Libor")
Migration from cash-based economy to digital is a work in progress: RBI
Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems
 "Migration from cash-based economy to digital is a work in progress: RBI")
SBI, ICICI Bank, HDFC Bank remain systemically important banks, says RBI
SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.
Yes Bank board of directors to meet on Friday to consider fund raising plan
The board will consider a proposal for further fundraising through various means
 "Yes Bank board of directors to meet on Friday to consider fund raising plan")
Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid
With this Piramal succeeds in getting the requisite 66 per cent voting, says source
 "Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid")
JPMorgan profit jumps 42% on reserve release, investment banking strength
The big US lenders spent 2020 grappling with the economic fallout of the Covid-19 pandemic, setting aside billions to cover expected loan losses
 "JPMorgan profit jumps 42% on reserve release, investment banking strength")
NBFCs urge RBI to relax compliance rules as they convert into banks
Seek leeway on reserve ratio, priority sector and sectoral exposure
 "NBFCs urge RBI to relax compliance rules as they convert into banks")
CBI registers case against pvt firms for causing Rs 4,736 cr loss to banks
The Central Bureau of Investigation has registered a case against a private company based at Hyderabad on allegations of causing loss to banks to the tune of approximately Rs 4,736.57 crore
 "CBI registers case against pvt firms for causing Rs 4,736 cr loss to banks")
Pvt banks report healthy deposit accretions, sluggish advances growth in Q3
Small and mid-sized private sector banks have reported a healthy deposit growth in the third quarter
 "Pvt banks report healthy deposit accretions, sluggish advances growth in Q3")
Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips
Business Standard brings you top news of the evening.
 "Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips")
The concerns that kept moratorium and restructuring requests down
Disincentives, borrowing behaviour change, business recovery have kept references for restructuring low, ICRA said
 "The concerns that kept moratorium and restructuring requests down")
Liquidity returns to banking system, interbank call rates softening
This indicates that the liquidity deficit witnessed after December 15 was mainly because of advance tax outflow, and not because of any extra effort by the central bank to drain out liquidity
 "Liquidity returns to banking system, interbank call rates softening")
Retail lending by banks shrinks sequentially in November, up 10% YoY
Within this space, vehicle loans continued to perform well, growing at an accelerated 10% this November, compared to 4.7% a year ago, RBI said in statement
 "Retail lending by banks shrinks sequentially in November, up 10% YoY")
Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report
Whole idea of launching TLTRO funds was to provide system level and targeted liquidity to sectors with liquidity constraints--something banks clearly did not do, shows Trend and Progress Report
 "Just 2.1% of TLTRO funds went to NBFCs that needed them most: RBI report")
Covid-19 times may usher in new opportunities for banking sector: RBI
The gross non-performing assets ratio of scheduled commercial banks fell from 9.1 per cent at end-March 2019 to 8.2 per cent at end-March 2020 and further to 7.5 per cent at end-Sept
 "Covid-19 times may usher in new opportunities for banking sector: RBI")
Asset quality pressure on banks to moderate by FY22-end, says Icra
Maintains stable outlook on lenders, sees NPAs declining to 2.5% by March 2022, from estimated 3.1% in March 2021
 "Asset quality pressure on banks to moderate by FY22-end, says Icra")
ICICI Bank launches one-stop portal for foreign firms expanding in India
The platform offers banking solutions and value-added services such as business incorporation, corporate filings, licences and registrations, HR services, compliances and taxation
 "ICICI Bank launches one-stop portal for foreign firms expanding in India")
Banks ramp up cross-selling, aim to gain bigger share of customer's wallet
Despite all the chatter, Indian banks' cross-sell ratio - the number of products and services they hawk to a customer - remains low, report Abhijit Lele and Raghu Mohan
 "Banks ramp up cross-selling, aim to gain bigger share of customer's wallet")
The pandemic bill for banks: Severe credit losses, operation turbulence
The bright spot is that global banking entered the crisis well capitalised and is far more resilient than it was 12 years ago
 "The pandemic bill for banks: Severe credit losses, operation turbulence")
