Bank Insurance
Slower deposit growth pushing banks towards fund raising from bonds: ICRA
The slower deposit growth will push banks to mop-up up to Rs 1.3 lakh crore from bond issuances in FY25, a report said on Tuesday. The bond issuances, coming amidst a continuing wedge between deposit and credit growth, will come between Rs 1.2-1.3 lakh crore and will be the highest ever for the system, the report said. Nearly 85 per cent of the bond issuances will be by public sector banks, the report by domestic rating agency Icra said, adding that the higher appetite for infra bonds among such lenders will drive the market. "Tight liquidity conditions and credit growth continuously surpassing deposit growth has necessitated fundraising by banks from alternate sources," the agency said. Banks had raised Rs 1 lakh crore from the bond issuances avenue in FY24, while the previous all-time high was reached in FY23 at Rs 1.1 lakh crore. With the mid-fiscal year mark approaching, the report said banks have already raised Rs 76,700 crore from bonds till now, which is an over 225 per cen
 "Slower deposit growth pushing banks towards fund raising from bonds: ICRA")
Search for unclaimed deposits in 30 banks available on UDGAM: RBI
In August, the RBI launched the portal to assist the public in searching for their unclaimed deposits across banks in one location
 "Search for unclaimed deposits in 30 banks available on UDGAM: RBI")
How banks must use insurance to cover risks
The banking sector is not buying insurance covers for the risks it needs to transfer; it is buying insurance for the risks it doesn't need to
 "How banks must use insurance to cover risks")
