Page 30 - Banks

In November, banks' exposure in all major industries shrank

The infrastructure sector saw a dip of 6.7% in the year to November 25

Banks' financials may improve in Q3

In the same quarter a year before, most of them had reported a dismal performance

Bank margins face multiple headwinds

While rate cuts may increase churn between banks, these may not boost credit off-take meaningfully

Banking funds top sector performer in 2016

Banking funds have emerged the top performers among sectoral ones in calendar year 2016, beating other categories such as pharmaceuticals, information technology (IT), fast moving consumer goods (FMCG) and infrastructure.Banking funds have given a one-year return of 8.7 per cent, shows data from Value Research. The only other category which has given a positive return this year is infrastructure (0.5 per cent). FMCG, IT and pharma funds have seen a decline of 1.3 per cent, seven per cent and 13.5 per cent, respectively.In the past year, banking funds have also outperformed the general benchmark indices on the two major bourses, the Sensex and the Nifty (returns under one per cent), as well as the Nifty Bankex index (6.3 per cent). This is despite the underperformance of these funds in the past month, due to the unexpected increase in cash reserve ratio by the Reserve Bank of India in late November and subsequent status quo on key policy rates. In the past month, the category has shed .

The fine print is key: Know your rights as a bank customer

Don't do banking transactions without being fully aware of the fine print

Bank shares erase early gains as RBI keeps repo rate unchanged

PNB, Federal Bank, BOB and YES Bank were down 2% to 4% from intra-day highs

Phishing website spoof 26 banks, including SBI, ICICI: US Report

Researchers from US-based cyber security company FireEye have claimed discovering malicious phishing websites created by cyber criminals that spoof 26 Indian banks to steal personal information from customers.

Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

Deposits above Rs 2.5 lakh: Don't panic if you receive the I-T notice

If you are unable to give a satisfactory explanation about source of income, proceedings and penalties can follow

Cash-stuffed banks grapple with storage, hike cover

The problem of currency accumulation is acuter in smaller and rural branches, which are running short of staffs

Co-op banks approach RBI as PSBs limit cash flow to them

There are 1,579 cooperative banks across the country and they have 10,000 branches and close to 3,000 ATMs

Incremental stress on bank books coming down, says RBI official

Public sector bank executives said the fall in addition was small but reflected gradual changes due to a slew of steps to control NPA slippage

Banks face weak third quarter

But they may emerge stronger than NBFCs in three-six months

Banks expect 5/25, SDR cases to increase as new debt resolution scheme kicks in

NPAs and provisioning requirement for banks to come down

Cashless and worried, millions spend hours outside banks for new currency

Banks still haven't got the new set of Rs 500 notes as customers were given a mix of Rs 2,000 and Rs 100 notes

Long queues outside: Banks to remain open till 9 pm for 3 days, no ATM charges till 31 Dec

Bankers have also been advised not to take additional leaves for the next one month

Banking shares extend rally; SBI, Kotak Mahindra Bank hit 52-week highs

SBI, IOB, Vijaya Bank, Uco Bank, United Bank Syndicate Bank and Allahabad Bank were up 5%-7% on the NSE.

Govt orders probe into debit card data breach

641 customers of 19 banks identified as victims so far; banks issue advisory to customers

Letters: Use with discretion

With reference to Dev Chatterjee and Abhijit Lele's report, "Banks want promoter's guarantees for new loans" (September 20), mounting pressure due to rising stressed assets is prompting lenders to ask for personal guarantee from promoters and chief executive officers of companies while offering fresh credit facilities or rescheduling existing facilities to borrowers. However, to what extent the personal guarantee is worthy is a matter that can be analysed only when lenders go for the realisation of personal assets.Obviously, all outstanding non-performing assets have not risen because of financial mismanagement or malfeasance. Therefore, while granting and delivering credit facilities, it is imperative that bankers assess and recognise a particular client's need to obtain various primary and additional securities to secure his or her debt.Asking for personal guarantee may discourage entrepreneurs from starting a new business enterprise or taking over an existing one. Under the Strategi

Banks want promoters' guarantee for new loans

Stressed assets sale stalled as bidders refused to give such guarantees