Page 8 - Banking
High loan-deposit ratio not a concern, deposit growth not weak: Report
The research note has also contradicted the recent narrative that deposit growth in the banking system has been sluggish
 "High loan-deposit ratio not a concern, deposit growth not weak: Report")
Credit-deposit ratios of banks spark debate: Is there a cause for worry?
Though increased lending generally leads to more deposits through the credit multiplier effect, reduced liquidity has led to shrinking deposit pools
 "Credit-deposit ratios of banks spark debate: Is there a cause for worry?")
Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits
Congress spokesperson Pawan Khera on Tuesday issued a statement questioning ICICI Bank's explanation over retirement benefits allegedly received by Sebi Chief Madhabi Puri Buch
 "Congress seeks ICICI Bank's clarification on Sebi chief's retiral benefits")
SBI aims for cashflow-based lending to SMEs, says chairman C S Setty
Its SME portfolio rose by 19.87 per cent year-on-year (Y-o-Y) to Rs 4.43 trillion at the end of June 2024
 "SBI aims for cashflow-based lending to SMEs, says chairman C S Setty")
New MSME credit assessment model for PSBs may see March 2025 launch
Credit model goes beyond credit scores, evaluates supply chains, digital footprints
 "New MSME credit assessment model for PSBs may see March 2025 launch")
RCap lenders accuse IIHL of using delaying tactics, firm denies allegations
Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as a successful bidder for acquisition of Reliance Capital
 "RCap lenders accuse IIHL of using delaying tactics, firm denies allegations")
Stable currency fosters internationalisation, says Zarin Daruwala
The rupee was the third most stable Asian currency against the US dollar in the financial year 2023-2024 after the Hong Kong dollar and Singapore dollar, primarily due to timely intervention by RBI
 "Stable currency fosters internationalisation, says Zarin Daruwala")
Banks will lose out if they don't partner fintechs: Axis Bank CEO
He highlighted that as customers transact more digitally, the banks' operating costs will come down
 "Banks will lose out if they don't partner fintechs: Axis Bank CEO")
IBA likely to seek easing of proposed norms for retail deposits: Report
The RBI had sought feedback on the proposal until Aug 31, after which it would finalise them for implementation from April 2025
 "IBA likely to seek easing of proposed norms for retail deposits: Report")
RBI imposes penalty of Rs 2.68 cr on UCO Bank violation of provisions
The RBI has also imposed a penalty of Rs 2.1 lakh on Cent Bank Home Finance Ltd for non-compliance
 "RBI imposes penalty of Rs 2.68 cr on UCO Bank violation of provisions")
SBI working on new version of digital banking platform: Dinesh Khara
He also said that a banker should always keep risks in mind, even though people tend to ignore the risk but that shouldn't happen
 "SBI working on new version of digital banking platform: Dinesh Khara")
SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana
Fraud uncovered after numerous complaints on the National Cybercrime Reporting Portal
 "SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana")
Regional Rural Banks evince interest in going public at meet with FM
"Through the IPO, we aim to enhance our credibility as a prestigious organization to be part of and worth investing in," said a senior executive of an RRB
 "Regional Rural Banks evince interest in going public at meet with FM")
Market correction may drive deposit growth for banks: SBI MD Tewari
Tewari said that the deposit and credit gap is expected to correct next year as per the SBI's research
 "Market correction may drive deposit growth for banks: SBI MD Tewari")
MUFG Bank expects over 25% growth in India biz; to focus on large cos
Shashank Joshi, MUFG's deputy chief executive officer and head of global corporate and investment banking in India, said the bank has an exposure of about $15 billion in India
 "MUFG Bank expects over 25% growth in India biz; to focus on large cos")
SBI to focus on neglected, small-ticket deposits to boost liquidity: MD
The lender will focus on accounts under a government scheme called 'Jan Dhan', or people's wealth, that provides access to various financial services to low income groups, Tewari said
 "SBI to focus on neglected, small-ticket deposits to boost liquidity: MD")
Challa Sreenivasulu Setty takes over as SBI Chairman, succeeds Dinesh Khara
Prior to becoming chairman, Setty was the senior-most managing director of the bank, and as per the convention, the chairman is appointed from a pool of serving managing directors of SBI
 "Challa Sreenivasulu Setty takes over as SBI Chairman, succeeds Dinesh Khara")
Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman
The average balance per account has increased from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024. Roughly 80 per cent of these accounts are currently active
 "Will open 30 million Jan-Dhan accounts this FY, says FM Sitharaman")
YES Bank removes financial market head Amit Surekha with immediate effect
Sources in the bank said the development does not have any bearing on the financial aspects of the bank. "It was a human resources department decision," a source said
 "YES Bank removes financial market head Amit Surekha with immediate effect")
Rs 25 lakh loan at 5% needed for middle-class homebuyers: Naredco president
Around 30% of Indians are unable to afford home loan EMIs at current rates, says G Hari Babu
 "Rs 25 lakh loan at 5% needed for middle-class homebuyers: Naredco president")
