Page 25 - Banks

As safe as the banks?

India cannot aspire to be a double-digit growth economy with a dysfunctional financial system

Banks may face capital crunch of $50 billion if NBFC crisis drags: Fitch

The agency said it also pictured a scenario where 30 per cent of banks' property exposure becomes non-performing, due to tight liquidity and weak sales

RBI's subsidiary DICGC to revamp 50-year-old deposit insurance scheme

Deposit insurance was last revised on May 1, 1993, after the collapse of the Bank of Karad

Slowing credit growth puts economic revival hopes on shaky ground

Lending growth by banks had nearly halved to 8.8 per cent at the end-September from the start of the year

Letter to BS: There is a dire need to safeguard bank depositors

Banks may pass on the cost of insurance to depositors indirectly

FM to meet PSB CEOs today, may review fund flow to stressed NBFCs, MSMEs

Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) on Monday to discuss various issues, including progress on credit offtake, as part of efforts to prop up the economy. The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs). NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year. Besides, the meeting will also assess the progress of first phase of outreach programme held across 226 districts across the ...

RBI turns down Maha Bank's request to set-off losses on share premium

The bank would look for higher equity infusion from the central government, its promoter, and also look at tapping tier-II bonds to enhance capital adequacy

Banks expect double-digit growth in retail loan book this festive season

See uptick in retail loan book; expect 10-12% credit growth this festive season

Colour but no credit: Loan 'mela' kicks off, but without spot approvals

Although letters of loan sanctions were handed out to customers at the mela, most of these were already under process for some weeks at the branch level

Loan 'mela' comes at a time when red lights are flashing in RBI's FSR

The idea behind the mela is that it will revive demand in a sluggish economy

The way forward for public sector banks

Regulation and supervision of all banks should be made ownership neutral

PMC's HDIL loan at 73% of total loan book: Ex-MD Thomas in letter to RBI

The admission came in after a board member leaked the actual balancesheet details to the Reserve Bank, a source in know of the details said

Financials rally up to 7% on report govt could notify NBFC resolution rules

However, some financial stocks, with weak fundamentals, missed the rally. For instance, Indian Bank, YES Bank, and Indiabulls Ventures slipped up to 9 per cent.

Banks slippages to continue due to stress from various sectors: ICRA

The private banks, due to their higher credit cost in FY20, will see muted RoE at 9-10 per cent

Viral Acharya wants Indian banks to learn this lesson from shampoo makers

Acharya highlighted the dichotomy of India's massive economy -- Asia's third-largest -- but one where living standards are still among the lowest in the world

Lower tax rates won't change fundamental concerns for banking stocks

Nifty Bank index has gained 14.2 per cent since Friday; experts advice investors book profit in banking stocks as tax cut doesn't address growth and asset quality concerns

HDFC Bank to organise 1,000 grameen loan melas in next 6 months

These grameen loan melas will be held across more than 300 districts and cover around 6,000 villages across India

Bank stake sales in insurance, mutual fund subsidiaries hit a wall

Lenders await RBI norms on holdco structure; guidelines are likely to be finalised by year end

Banks target weaker borrowers as credit growth slips: Why it's a risky bet

Unsecured loans can only offer banks a temporary shelter during a downturn in collateralised credit

Letter to BS: Banks, PSUs must get free hand to manage their resources

The government and the RBI will have to ensure that all banks get a level playing field to manage their businesses professionally