Page 5 - Banks

Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021

Banks' asset quality 'may get dented' as special schemes end: RBI report

Credit growth muted as pandemic risk to economy remains, says central bank in annual analysis.

4,071 banking fraud cases reported during H1 FY2022: RBI report

In terms of deposits, the number of reported cases of frauds stood at 208 of an amount involving Rs 362 crore, the report said

Indian banks must bolster capital and augment credit flow, says report

Due to the pandemic, credit growth of commercial banks had been subdued in 2020/21 but non-banking finance companies filled up the space, RBI said

Banks need to strengthen corporate governance, says RBI report

The Reserve Bank emphasised it will endeavour to ensure a safe, sound and competitive financial system through its regulatory and supervisory initiatives

RBI releases report on trend and progress of banking in India: Highlights

Return on assets of SCBs improved from 0.2 per cent at end-March 2020 to 0.7 per cent at end-March 2021, aided by stable income and decline in expenditure, states the report

BFSI: Retail vertical looks set to drive credit growth, says CRISIL

Within banks, credit issued to the retail segment, which was up 4 per cent as of October 2021, is expected to log 12-14 per cent growth this fiscal

Rs 6,000-cr Bank of Baroda scam: CBI files 2 supplementary chargesheets

In the chargesheets filed before a special CBI court, the central agency has alleged that a group of people opened accounts and deposited funds in them through various other accounts

Banks' better NPA recovery, declined provisioning to continue in 2022: ICRA

The improvement in such parameters has helped realise better profitability for the banks, the rating agency said

Banks, fintechs' competition must lead to collaboration: Accenture exec

Regulated Central Bank Digital Currency is a 'promising solution for an increasingly digital world', says Sonali Kulkarni.

RBI cautions banks' chiefs on risk involved in cryptocurrency trade

The central bank, on the other hand, has been vocal against crypto currencies

RBI refuses to relax asset classification, provisioning norms for NBFCs

This will give rise to bad debt numbers of such para banks on technical grounds while making asset quality norms standardised across banks and NBFCs

Bank strike total across West Bengal, customers inconvenienced

Most of the ATMs ran dry due to the lack of replenishment

Yes Bank board to consider raising funds via various instruments on Dec 21

The bank has, however, not specified how much money it intends to raise

Capital norms for operational risks of banks to be revised: RBI

The revised directions will apply to all commercial banks in India

NatWest fined 264.8 million pounds in money-laundering case

British bank NatWest was fined 264.8 million pounds (USD 354.30 million) on Monday for failing to comply with money laundering rules

What does a scheduled bank status mean for Paytm Payments Bank?

After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status

Bank of Maharashtra slashes retail lending rates by up to 40 bps

The Pune-based lender's outstanding home loans stood at Rs 19,112 crore as of September 2021

The good and not so good of new bank ownership norms

Isn't it time to review the 'fit and proper' criteria for banking licence, particularly with reference to individuals applying for it?

Banks want more time to meet card-on-file tokenisation norms

Tokenisation is the process of replacing the debit and credit card numbers with a set of characters or tokens