Page 18 - Banks

Loan moratorium case: Adverse SC verdict could heavily affect banks in Q2

Financials of banks may take Rs 10,000 - Rs 20,000 crore of hit if interest on interest is waived

RBI tells urban co-op banks to adopt more robust cyber security infra

Apex bank aims to bring the largest UCBs at par with other banks that run a full gamut of protection against online threats

Indian banking to be among the last to recover in Covid-19 crisis: S&P

NBFC sector will take a long time to recover too, says India Ratings.

Compliance officer for banks prescriptive, not right thing: Ex-SBI MD

Earlier this month, the RBI asked banks to appoint chief compliance officers (CCO) with a view to getting uniformity in the approach followed by lenders

Divesting majority stake credit negative for PSBs leaning on govt: Icra

Their credit ratings have been primarily supported by their sovereign ownership and their stable deposit base, which again is a function of their ownership

Divesting majority stake in PSBs will be 'credit negative' for them: Icra

Divesting majority stake in state-run lenders by the government will be "credit negative" for such public sector banks (PSBs), a domestic ratings agency warned on Thursday

Banks' NPAs in large industry, services dip 31% in over 2 yrs to Rs 4.3 trn

Banks' non-performing assets in large industry and services declined 31 per cent in over two years to about Rs 4.36 trillion in June this year, Parliament was informed on Monday

RBI pulls up banks over delay in automating NPA recognition process

Banks were advised in August 2011 to have appropriate IT systems for identification of NPAs and generation of related data/returns

Spike in bank frauds: Lag in reporting or weak internal controls?

Bank fraud numbers may not be as bad as they are made out to be, but their detection and reporting need to improve, writes Raghu Mohan

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

Turning banking on its head

The focus in banking has always been on protecting the depositors. Should the rules be rewritten, giving borrowers precedence?

Banks sanction loans of Rs 1.6 trn to 4.2 mn MSMEs under ECLGS scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

Banks need to increase focus on AI, data management, talent creation: IDRBT

Established by the Reserve Bank of India (RBI) in 1996, IDRBT spearheads efforts in providing state-of-the-art technologies for the country''s banking and financial sector

Banks' chief compliance officers to report to CEO, board committee: RBI

The new norm is at variance with what was suggested in the discussion paper on governance in commercial banks released by RBI in June 2020

Canara Bank raises Rs 1,012 cr by issuing Basel III compliant bonds

Canara Bank on Friday said it has raised Rs 1,012 crore by issuing Basel III compliant bonds

Govt extends deadline for merchant bankers to bid for IRCTC till Sept 14

The government has extended the deadline for merchant bankers to bid for managing IRCTC stake sale by 4 days till September 14

Citigroup's next CEO has a Herculean task: Turning the bank around for real

When Jane Fraser takes the helm of Citigroup Inc in February, she will have some big tasks ahead of her

RBI lays down guidelines for banks to appoint chief compliance officers

RBI laid down guidelines for appointment of chief compliance officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry

RBI debt restructuring scheme to benefit resilient sectors more: Crisil

Crisil said it studied its rated portfolio of more than 8,500 companies after sorting them by rating, sector and moratorium availed

Govt sets up panel to study calls for giving interest relief on bank loans

Three-member committee led by Rajiv Mehrishi to measure impact on economy on the 'waiving of interest and waiving of interest'