Private Banks

According to CRIF data, delinquencies in the 91-180 DPD category increased to 7.6 per cent in October 2023, up from 6.5 per cent in June 2023

Substantial regulatory focus on customer in the coming days

Cybersecurity risks, customer centricity issues flagged

The central bank's communication to private banks' board secretariats has not listed the agenda for the meeting, but has only given the event flow

BFSI Summit: CEOs of prominent private banks say that interest rate hikes are not the key to attracting customers. Instead, the delivery of banking services and brand trust play more significant roles

German lender Deutsche Bank on Wednesday announced that it has infused an additional capital of Rs 5,113 crore into its India operations. This is the largest capital allocation to India in recent years and will be used for expanding across business lines, including corporate banking, investment banking and private banking, according to a Deutsche Bank's statement. The lender has been present in India for the last 45 years and the balance sheet size stood at Rs 1.45 lakh crore as of March 31, 2024, making it one of the largest foreign banks in the country. It has 17 branches in the country. The fresh infusion marks a 33 per cent jump in the capital buffer over the 2023 levels and increases the regulatory capital of Deutsche Bank AG India branches to nearly Rs 30,000 crore, the statement said, adding that the same has grown three times in the last decade. "India is well positioned to benefit substantially from many of today's most important trends reshaped supply chains, digitisation

Fresh term deposit rates rise eight bps in Sept; One-yr MCLR flat in October

Indian banks are prioritising work-life balance by implementing policies to reduce overtime and after-hours communication, responding to rising attrition and employee burnout

Slippages in unsecured retail portfolios take a toll on private banks; elevated credit costs hurt, too

The Nifty Private Banks Index is currently experiencing a downward trend, supported by short-term moving averages, all of which are sloping downwards

This will be 2nd meeting of its kind

HDFC Bank remains unaffected by the industry-wide stress

Says AI likely to make banking services accessible to population at bottom of the pyramid

The list include HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Federal Bank

The Nifty Bank Index has entered the overbought zone according to technical indicators, signalling a potential near-term correction.

During this period, the number of state-owned banks has decreased to 12 due to mergers, while the total number of private sector banks stands at 21

Analysts link the index's decline to a major drop in Vi's stock price after the SC rejected telecom companies' plea to re-evaluate AGRs, while also affirming the govt's existing AGR demands.

The Nifty Private Bank Index is currently experiencing a strong bullish trend, with significant gains recorded over the past fortnight

Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.

The Nifty PSU Banks Index is currently range-bound, oscillating between the levels of 7,090 and 6,910. This indicates a phase of consolidation, where the index lacks clear direction