Page 4 - Banks

REC raises $1,175 million from a consortium of seven banks

This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC

RBI proposes new norms for classification of banks' investment portfolio

RBI on Friday proposed new norms for the classification and valuation of the investment portfolio of banks, with a view to align them with the global prudential framework and accounting standards.

Bank credit grows 9.16%, deposits up 10.28%, says RBI data

In the previous fortnight ended December 17, 2021, bank advances had risen by 7.27 per cent and deposits went up by 9.58 per cent

State Bank of India raises $300 million of Regulation S Formosa bonds

Formosa bond is a bond issued in Taiwan

Customer complaints against banks rise, but so does resolution

All three schemes now have been merged into one integrated ombudsman scheme

Writ petition not maintainable against proceedings by banks: SC

The apex court held this while vacating the order passed by the Karnataka High Court (HC)

Banks likely to post 36.3% rise in Q3 net profit at Rs 38,153 crore

The bad loans saw a dip in Q2, both in absolute and percentage terms. The trend is likely to prevail in Q3

Bounce rates in December fall to their lowest since Covid-19 pandemic

December data indicates a good third quarter for banks on asset quality front

CSB Bank eyes new highs as CEO CVR Rajendran retires on health grounds

Those close to the operations of the bank indicate it was Rajendran's efforts that transformed it from an old private sector bank to a new-generation one

CSB Bank MD&CEO retires early, lender to set up panel to find successor

CSB Bank on Saturday said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. This is to inform you that the bank's board in its meeting held on January 8, 2022, considered and accepted the request of C VR Rajendran to take an early retirement from the position, to take care of his health under the advice of his physicians, CSB Bank said in a regulatory filing. The board has further requested Rajendran to continue in the office of MD & CEO till March 31, 2022, it said. Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022. "The board further decided to constitute a search committee comprising the chairperson of the Nomination and Remuneration Committee and two members of the board, to identify and evaluate candidates, from within or from outside, for the position of Managing Director & ...

Banks have written off double the amount recovered in last 5 yrs: RBI data

Public sector banks write off Rs 7 trillion in 5 years, which is double the govt's capital infusion since 2014

RBI hikes threshold for deposits of non-financial small biz customers

This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard

RBL Bank's gross advances rise 5% to Rs 59,941 crore by Dec-end

The private sector lender had gross advances amounting to Rs 57,092 crore by the corresponding period a year ago

Large, mid-sized banks report 11-23% loan growth in December quarter

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021

Bank loan fraud: ED attaches Rs 26-cr assets of Gujarat company, promoters

The attached assets include residential and commercial lands, and their total value is Rs 26.25 crore

CSB Bank advances up nearly 11.5% to Rs 14,827 cr in Dec quarter

Shares of CSB Bank on Monday closed at Rs 237.50 apiece on the BSE, up 0.93 per cent from the previous close

Retail, MSME credit shows steady growth in November: RBI report

Reserve Bank of India in a statement said that retail loans continued to expand at a double digit rate

RBL Bank sets up panel to hunt for managing director & CEO

RBL Bank has tasked a search panel, comprising two board members, chairman of its nomination & remuneration committee and an external expert, to find a suitable candidate for the lender's MD and CEO post, according to a regulatory filing. The bank's board on December 25 elevated Rajeev Ahuja as an interim MD and CEO with immediate effect, after sending Vishwavir Ahuja on leave. Rajeev's appointment was subject to regulatory and other approvals. A day earlier, on December 24, the Reserve Bank of India (RBI) appointed its Chief General Manager Yogesh K Dayal on the lender's board as an additional director, a move seen as unusual in the case of private sector banks. "The board at its meeting held today ie December 30, 2021, has constituted a search committee (comprising of chairman of the nomination and remuneration committee, two members of the board and one external expert) to identify and evaluate for the position of MD & CEO," RBL Bank said in the filing. The potential ...

SBI to acquire nearly 10% stake in India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure, SBI said

Economy regaining strength from Q2FY22, but Omicron a threat to growth: RBI

Financial institutions resilient and stable with strong balance-sheets, capital and liquidity buffers, says RBI in financial stability report