Page 5 - Bankers

Bankers, experts hail RBI's decision to keep policy rates unchanged

Bankers and financial experts Thursday welcomed the RBI's decision to keep policy rates unchanged, saying the move is extremely positive and aimed at controlling liquidity in the system. The central bank's monetary policy committee earlier in the day decided to keep the benchmark interest rate unchanged at 4 per cent, and continue with its accommodative stance. Shanti Lal Jain, MD & CEO of Indian Bank, said with the variable reverse repo rate (VRRR) and other measures, the RBI will look to control liquidity in the system. Increasing the cap for foreign portfolio investment in the domestic bond market will help the government in its borrowing plans, he said. Jain also said allowing banks to participate in off-shore swaps and increasing the mandate limit for trade credit to MSMEs was a welcome move. Deputy MD of IDBI Bank, Samuel Joseph, said leaving the rates unchanged and with the guidance for 2022-23 inflation at 4.5 per cent, the policy is extremely positive for the ...

BFSI Summit: Worst is behind, slippages may rise, say India's top bankers

Speaking on fintechs, the bankers said the right way to go about this is collaboration, but they may also have to compete with these players for their share of the pie

Ex-SBI Chairman Pratip Chaudhuri granted bail by Jaisalmer court

Pratip Chaudhuri was granted bail by the court on Tuesday

Banking accountability

Robust system is needed for investigation

TMS, Ep 33: NPA accountability framework, Kamal Bali Q&A, jewellery stocks

Will new NPA rules be enough to assuage PSBs' concerns? What is Volvo India MD Kamal Bali's glide path to 'net-zero' target? Can jewellery stocks give 100% returns by next Dhanteras? All answers here

Bankers in a state of shock after former SBI chairman Chaudhuri's arrest

State Bank says deal on which Chaudhuri was arrested was done after he retired; ex-SBI chairman Rajnish Kumar calls arrest vendetta; pathetic, blasphemous say others

Seasoned banker with a plan: Meet Rajneesh Sharma, administrator, Srei

The important aspect of any lender is collections and repayment of dues. Sharma joined the bank as an advisor for the recovery. His experience in recovery will come in handy for the Srei group

How good is the bad bank

The key to the success of the bad loan experiment will be IDRCL's management team and the incentive structure. It could recover more than what the industry is estimating now

Govt appoints 10 merchant bankers for managing mega LIC IPO

The bankers include Goldman Sachs (India) Securities, Citigroup Global Markets India, BofA Securities, JP Morgan India

Top banker tells wealthy Indians to load up on foreign stocks: Here's why

Record-low interest rates and stimulus packages around the world have pushed global equities to all-time highs during the pandemic.

Indian bankers in talks as court rulings threaten over $6 billion in loans

Any failure to recoup money adds to stress in banking sector, which is dealing with increased level of bad loans and reduced profits because of the impact of the pandemic

Recast loans worth Rs 70,000 crore get extra time to meet norms

Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave

Goldman Sachs raises junior bankers' pay after burnout complaints

Goldman Sachs will now pay first-year analysts at least $110,000 up from $85,000, according to people familiar with the matter.

Covid-19: Centre requests states to vaccinate bankers, insurers on priority

The central government has written to all the state governments and union territories (UT) requesting them to have special arrangements to vaccinate bankers and insurers

Home loan rate cuts didn't dent the margins: Bankers and analysts

Experts don't see further cuts boosting demand, with rates already at record lows

Billionaire financier Joseph Safra, Brazil's richest man, dies at 82

Safra, who arrived in Brazil as a teenager more than five decades ago, ranks as the world's wealthiest banker, with an estimated fortune of $19.9 billion

Bankers hope retail, SME segment will sustain credit offtake in H2

Easing of slippage risk seen as GDP contraction narrows

Push Rupay as first option, seed accounts with Aadhaar by Dec: FM to banks

Retired bank employees should not be forgotten; bankers should be a cohesive family such as in defence, says Sitharaman

Indian bankers seek to counter RBI Governor on 'risk aversion' comment

Heads of various banks sought to present a counter narrative on Shaktikanta Das warning lenders about the perils of risk aversion in the pandemic-stricken environment where credit demand is waning

PNB calls for change in loan recast scheme, cites 'tough times'

Call for closer look at borrowers who delay repayment up to eleventh hour just to avoid NPA tag