Page 4 - Bankers

Canara Bank wins 'Banker's Bank of the Year Award 2022' for India

The winners are judged on their ability to deliver returns, strategy, innovation, technology and product & services in their respective geographies in the last 12 months

India's gas target of 15% was only aspirational. Time to give it up?

While several bankers and analysts have projected the difficulty of reaching this number, it is important to figure out where the target of 15 per cent came from

First green bond to attract mix of local and foreign buyers: Bankers

The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.

Bankers take to streets with megaphones, enlist grocers to lure customers

Rising loan demand from companies and consumers has pushed annual credit growth to a decade high of 17.95% as of October, compared to a five-year average of 9.7%

As China-US ties worsen, Hong Kong bankers fear for their careers

The defiant tone President Xi Jinping took toward the US got those hardworking financiers scared.

Bankers association calls for strike on Nov 19 in protest of victimisation

Banking services across the nation will get affected on November 19, with members of the All India Bank Employees' Association (AIBEA) going on strike, said an official.

Loan Apps menace: Bankers too will be taken to task, warns AP DGP

: Bankers, along with others, would be made liable for extortion and abetment to suicide in instances involving death by suicide of borrowers (from loan apps), Andhra Pradesh Director General of Police K V Rajendranath Reddy has said. Telecom service providers, PlayStore\AppStore hosts, besides the apps developers would also be taken to task, the DGP told a press conference here on Friday. He said the AP Police have drawn up an action plan to curb the loan apps menace and also to educate gullible people against falling prey. In the last few months six people committed suicide in the state due to harassment by the loan apps operators. We have registered 75 cases and arrested 71 people involved in the nefarious operations, Rajendranath said. Also, 173 apps were banned so far and a sum of Rs 10.2 crore was frozen in the bank accounts. We are first identifying the developers of these loan apps. Most of them are based in China. They are entering into an agreement with PlayStore\AppStor

RBI asks banks to stop building positions in offshore market: Report

The build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee

Loan provisioning in banks: RBI for expected loss-based approach

With low NPAs and high provisions, time ripe for global standards: Bankers

Goldman cuts at least 25 bankers in Asia amid deal drought in China: Report

The reductions come after Goldman went on an unprecedented hiring spree in mainland China and Hong Kong last year as China opened its financial market fully to foreign brokerages and asset managers

Transferring 18 NPAs to bad bank by October-end a tall order: Bankers

There is no way that lenders can bypass established regulatory norms including the step of inviting counter bids under Swiss challenge method, they said

Govt clears ex-Standard Chartered banker as Sebi whole-time member

The appointment is for three years for a position vacant since November 2021

Competition may push deposit rates up over 100 bps by December: Bankers

There is, however, room for the deposit rates to rise, with the average one-year deposit rate for banks standing at 5.41 per cent

SC verdict in Mallya case will enhance recovery prospects: Bankers

Beyond the case, the decision also has demonstrative effect for sternly dealing with other big-ticket defaults, two senior officials with large banks said in a first-cut assessment.

Well begun, but US recession fears to hit Indian firms' foreign M&As

Bankers bullish on local acquisitions by India Inc in rest of FY23

NMDC's steel plant sale may fetch enterprise valuation of up to $4 bn

Lenders, shareholders meeting to demerge steel company on Tuesday

Stablecoins not stable, have 'no role' as money, warns top banker

As cryptocurrencies get hammered in the economic meltdown, stablecoins -- whose value is pegged to another asset like a fiat currency or a commodity -- are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said.

Bankers hail RBI's monetary policy focus on taming inflation rate

Bankers hailed the Reserve Bank's monetary policy focus on taming inflation and said the move reflects RBI's continued effort towards non-disruptive trade-off between price stability and growth

Ukraine crisis: Russian oil companies offer big discounts to India

Bankers said India should be extremely cautious before opening up trade with Russia amid sanctions as it should not be seen as funding Russian invasion of Ukraine.

LIC IPO: Bankers buy time to decide on valuations amid market mayhem

Domestic institutional investors, including mutual funds, are keeping their powder dry to invest in LIC's offering