Page 7 - Banking

'One State, One RRB' policy gains momentum; may make debut in March 2025

Finance Minister Nirmala Sitharaman has urged RRBs to focus on improving digital services and supporting MSME growth

Banks to play major role in making India developed by 2047: FM Sitharaman

Finance Minister Nirmala Sitharaman noted that technology is changing the banking landscape as it provides a secure and easy-to-navigate digital banking experience to all customers

Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty

But Setty says SBI will hold on to current share by tapping small businesses

Banks, FIs to invest Rs 32.5 trillion in renewable energy by 2030: Centre

Industry leaders pledge close to 570 Gw of renewable energy capacity addition

Cracking the whip: Banks may face bigger fines for non-compliance

Current penalties may not act as effective deterrent: Experts

Liquidity may turn deficit this week due to advance tax, GST payments

The average systemic liquidity surplus in August stood at Rs 1.49 trillion, up from Rs 1.02 trillion in July. Over the past 12 months, the average liquidity surplus was Rs 0.49 trillion

Banks should adapt to changing customer needs to remain competitive: CEA

Chief Economic Advisor to the Centre, V Anantha Nageswaran has said banks should adapt to changing customer preferences and market dynamics in order to remain competitive.

Indian Overseas Bank bags Rajbhasha Kirti Puraskar for 2nd consecutive time

Indian Overseas Bank currently has 3,264 branches, 3,500 ATM network and 7,251 business correspondents. It also offers its service in Singapore, Hong Kong, Thailand and Sri Lanka

Banks plan to ring in festival-season offers with a note of caution

Post-Covid pent-up demand over, lenders to stay careful as personal loan delinquencies on the rise

Govt notifies NaBFID as a public financial institution under Companies Act

The move will enhance the bank's capacity to finance large-scale infrastructure projects, thereby bolstering the country's infrastructure development

Consumption loan portfolio expands 15% to Rs 90 trillion in FY24: Report

Banks led in value-based originations, whereas non-banking financial companies (NBFCs) remained dominant in volume

FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25

Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank

Sanjeev Mehta quits Standard Chartered Bank, set to launch new venture

Mehta resigned in July this year with plans to launch a greenfield venture, a statement said on Friday

The shift: Households turn net borrowers from banks, says BCG report

The report highlighted that unsecured lending as a proportion of GDP in India is as high as it is in the United States

Finance ministry plans 'One State, One RRB' policy to boost efficiency

RRBs reported their highest-ever consolidated net profit of Rs 7,571 crore for FY24, with a gross non-performing assets (GNPA) ratio of 6.1 per cent - lowest in 10 years

Banks to hire young graduates as apprentices in a month; pay Rs 5k stipend

The candidates applying for apprentice should be a graduate between 21-25 years of age, should not be a taxpayer and must not possess a degree from top institutions like IIT or IIM, Mehta said

ICICI Bank-Videocon case: SC notice to Chanda Kochhar, husband on CBI plea

The Central Bureau of Investigation has alleged that after the loan was sanctioned, Videocon Group promoter VN Dhoot invested Rs 64 cr into Nupower Renewables, a company managed by Chanda Kochhar

Banks facing challenge in getting cyber security talent: SBI chairman

He said SBI has been able to create resilience in the system. While ensuring this, the country's largest lender had to ensure an improved customer experience against the backdrop of legacy systems

Deposit mobilisation: Banks seek level playing field vis-a-vis mutual funds

Industry lobby group IBA wants govt and RBI to intervene

Karnataka govt retracts order against SBI, PNB after Rs 22.67 cr repayment

In August, the Karnataka government issued a directive to all departments, boards, corporations, universities, local authorities, and PSUs to discontinue ties with the two banks