Page 3 - Banking
Attracting and retaining talent remains key concern in banking: KPMG Report
Majority banking leaders across the world say they would be willing to reward employees who made effort to return to office
 "Attracting and retaining talent remains key concern in banking: KPMG Report")
Govt planning to sell stakes in 4 state-run banks to comply with Sebi norms
The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25 per cent public shareholding, but has exempted government-owned firms from meeting these norms till August
 "Govt planning to sell stakes in 4 state-run banks to comply with Sebi norms")
Banks urge RBI for boards' workload mgmt, flag cyber security concerns
Cybersecurity risks, customer centricity issues flagged
 "Banks urge RBI for boards' workload mgmt, flag cyber security concerns")
State Bank of India plans to open 300-400 branches a year in medium term
SBI had 22,640 branches at the end of September 2024, up from 15,870 in March 2014
 "State Bank of India plans to open 300-400 branches a year in medium term")
Cost of borrowing stressful, banks must make interest rates affordable: FM
Speaking at the annual business and economic conclave organised by SBI, the minister also asked banks to concentrate on their core function of giving loans
 "Cost of borrowing stressful, banks must make interest rates affordable: FM")
PSBs set to launch MSME credit model this month, reveals document
Initially, nine PSBs such as Bank of Baroda, Canara Bank, Bank of Maharashtra and others will allow loans only up to Rs 25 lakh. Bank of India will offer loans up to Rs 1 crore
 "PSBs set to launch MSME credit model this month, reveals document")
RBI likely to draw up road map for ECL adoption at Monday's meeting
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
 "RBI likely to draw up road map for ECL adoption at Monday's meeting")
SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024
India's top lender is raising the facility for general corporate purposes through its branch at the Gujarat International Finance Tec-City
 "SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024")
Ujjivan Small Finance Bank looks to sell Rs 270 cr of micro-banking loans
Of the Rs 270 crore worth of loans, around Rs 208 crore are non-performing loans, and the remaining Rs 62.36 crore worth of loans have been written off by the bank
 "Ujjivan Small Finance Bank looks to sell Rs 270 cr of micro-banking loans")
RBI asks shadow banks to give information on supply-chain financing
NBFCs may have to rework credit service typically used by small businesses
 "RBI asks shadow banks to give information on supply-chain financing")
SBI announces 0.05% hike in marginal cost of fund-based lending rate
The one-year MCLR, a key tenor to which long-term loans like home finance are linked, has been increased by 0.05 per cent to 9 per cent effective from Friday
 "SBI announces 0.05% hike in marginal cost of fund-based lending rate")
AIBOC demands 5-day work week for bankers to ensure work-life balance
According to AIBOC, the acute shortage of clerical and subordinate staff compels officers to undertake tasks outside their primary duties
 "AIBOC demands 5-day work week for bankers to ensure work-life balance")
Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra
Private sector banks are leading technology adoption, said Michael Debabrata Patra, deputy governor, Reserve Bank of India
 "Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra")
Merchandise exports estimated to grow at 1.85% in Oct-Dec: Exim Bank
The non-oil exports will grow 7.39 per cent to USD 91.7 billion, estimates released by the policy bank said
 "Merchandise exports estimated to grow at 1.85% in Oct-Dec: Exim Bank")
DBS Bank nominates Rajat Verma to be next India unit CEO, say sources
Rajat Verma was appointed DBS managing director and head of institutional banking for India last year
 "DBS Bank nominates Rajat Verma to be next India unit CEO, say sources")
ULI will be for lending what UPI is for payments: RBI Dy Guv at BFSI Summit
BS BFSI Summit: RBI is actively working to link UPI with other countries, aiming for global acceptance that would allow Indians abroad to make payments using UPI, said RBI Deputy Governor
 "ULI will be for lending what UPI is for payments: RBI Dy Guv at BFSI Summit")
No systemic risk in banking sector: Jio Financial Services' KV Kamath
Money leaving the banking system and entering the markets through unsecured lending, cautions Kamath at the Business Standard BFSI Insight Summit
 "No systemic risk in banking sector: Jio Financial Services' KV Kamath")
Indian banks' microfin loan stress to persist after new regulation: Bankers
Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said
 "Indian banks' microfin loan stress to persist after new regulation: Bankers")
Banks leaving no stone unturned to stay ahead of fraudsters, say CEOs
Focus is on staying ahead on the technological front
 "Banks leaving no stone unturned to stay ahead of fraudsters, say CEOs")
At the BS BFSI Summit, experts stress KYC, and tech to curb digital fraud
Business Standard BFSI Insight Summit 2024: Industry leaders discuss KYC, anti-fraud tech, and user education as essential defences against rising digital financial crime
 "At the BS BFSI Summit, experts stress KYC, and tech to curb digital fraud")
