Page 5 - Banking

Deposits outpace credit growth after 30 months, hinting at stability

Credit growth coming off its highs has largely contributed to credit-deposit growth aligning

Loan growth moderates in September amid RBI clampdown, shows data

Including the impact of the merger, banks' loans grew 13% last month, compared with 20% a year ago

AIBEA deplores govt's order to PSBs on employee performance review

The need of the hour is to stand by the side of the employees and officers to boost their morale and ensure a congenial working atmosphere, AIBEA added

Dhanteras special: RBI brings home 102 tonnes of gold; here's why

According to the RBI's latest report on foreign exchange reserves, as of the end of September, the central bank holds 855 tonnes of gold, with 510.5 tonnes now stored domestically

Microlenders under RBI lens for 'netting off' loans; all you need to know

During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans

Summit Digitel Infrastructure raises Rs 1,000 cr at a coupon rate of 7.58%

Private sector lenders Yes Bank and Axis Bank have subscribed to 30 per cent of the issue size as anchor investors. They are also the arrangers of the issue

ICICI Bank Q2FY25 results: Net profit rises 14.5% to Rs 11,746 crore

Gross NPA drops to 1.97% in Q2FY25 from 2.48 per cent in Q2FY24

Banks, NBFCs' credit growth to see steady slowdown in FY25, says ICRA

Regulatory warning, tight funding influence strategy

India Post directed by forum to pay back consumer 50 paise, plus Rs 15,000

According to the complainant, A Manasha, he paid Rs 30 in cash for a registered letter at Pozhichalur post office near here on December 13, 2023, but the receipt showed only Rs 29.50

RBI's lending ban cannot be the answer to India's credit excesses

Excesses spike in post-pandemic inflation and an uneven recovery that bypassed working-class families has aggravated the challenge

Private banks see elevated slippages from unsecured loans in Q2FY25

HDFC Bank remains unaffected by the industry-wide stress

Private banks leading AI adoption in banking services, says RBI study

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

Finmin considers proposal to raise posts of Chief General Managers in PSBs

As per existing government guidelines, there can be one Chief General Manager (CGM) for four General Managers in a public sector bank (PSB)

Kotak Mahindra Bank Q2 results: Consolidated PAT up 13% to Rs 5,044 crore

Other income or non-interest income went up to Rs 2,684.19 crore from Rs 2,314.53 crore. Fees and services for Q2FY25 increased to Rs 2,312 crore, up 14 per cent

RBI bars Navi Finserv, 3 other NBFCs from sanctioning and disbursing loans

Ban includes 2 micro lenders, comes into effect from October 21

RBI bars four non-bank lenders from issuing loans for breaching norms

The ban on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and Navi Finserv is effective from the close of business on Oct. 21, the Reserve Bank of India (RBI) said

Up to 65 weak Urban Cooperative Banks to exit turnaround regime by March

PCA will replace the existing SAF from the beginning of the new financial year - Apr 2025. During FY24, 122 UCBs across the country came out of SAF. The number of UCBs stood at 1,470 at end of Mar '25

State Bank of India talent emerges high-yield asset for pvt sector banks

Regulatory comfort drives bank boards to appoint SBI officials for stability

NBFCs raise Rs 3.23 trn in H1FY25 from domestic debt capital market

Private sector NBFCs raise Rs 1.91 trillion in H1FY25

PSBs share in incremental credit dips to 51% in September: Report

PSBs' credit growth on a year-on-year (Y-o-Y) basis stood at 12.9 per cent in September, lagging behind 16.4 per cent Y-o-Y of private lenders