Page 14 - Indian Banking System
IDFC First Bank's Sept quarter net up 50% on improved interest margins
It had posted a net profit of Rs 101 crore in the second quarter of the last financial year (Q2FY21)
 "IDFC First Bank's Sept quarter net up 50% on improved interest margins")
 "BS BFSI INSIGHT SUMMIT | We need banks. Do we need bankers?")
 "BS BFSI INSIGHT SUMMIT | Small Finance Banks: Can they make it big?")
ICICI Bank UK repatriates $200 million capital to parent firm in India
This is not the first time the bank has repatriated capital from its foreign arms
 "ICICI Bank UK repatriates $200 million capital to parent firm in India")
RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection
Regulator found that bank did not credit amounts involved in unauthorised electronic transactions (shadow reversal) and did not report cyber security cases within prescribed time
 "RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection")
Ind-Ra retains 'stable' outlook on Indian banking sector in FY22
The rating agency has kept its FY22 credit growth estimates unchanged at 8.9% for FY22
 "Ind-Ra retains 'stable' outlook on Indian banking sector in FY22")
Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds
Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets
 "Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds")
New licensing regime for urban co-operative banks in the pipeline
Report of committee headed by ex-RBI deputy governor may be submitted in a fortnight
 "New licensing regime for urban co-operative banks in the pipeline")
Avoid arbitrary regulation
RBI's micro-management of corporate lending must end
 "Avoid arbitrary regulation")
Private lenders seen trouncing state peers in India's economic recovery
Many shareholders will be on the lookout for indications that private lenders have enhanced already stronger buffers to give them more wiggle room to step up lending in an eventual recovery
 "Private lenders seen trouncing state peers in India's economic recovery")
India sets up bad bank to reduce debt burden, free up lenders
National Asset Reconstruction Company Ltd's paid-up capital is Rs 74.6 crore
 "India sets up bad bank to reduce debt burden, free up lenders")
Banks Board Bureau recommends 10 names for exec director posts in PSBs
The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors
 "Banks Board Bureau recommends 10 names for exec director posts in PSBs")
SBI invites bids from ARCs for two accounts for recovering Rs 409 crore
SBI will auction two NPA accounts later this month for recovery of dues worth Rs 409.45 crore from the companies -- Kamachi Industries Ltd and Tantia Agrochemicals Ltd
 "SBI invites bids from ARCs for two accounts for recovering Rs 409 crore")
NBFCs auction record volume of pawned gold, warn of crisis for banks in Q2
Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 2020-21
 "NBFCs auction record volume of pawned gold, warn of crisis for banks in Q2")
YES Bank lowers its FY 2021-22 growth estimate for India to 8.5%
Yes Bank on Tuesday revised its growth estimate for India for the financial year 2021-22 to 8.5 per cent.
 "YES Bank lowers its FY 2021-22 growth estimate for India to 8.5%")
Wall Street giants get swept up by India's brutal coronavirus wave
India's total coronavirus infections have risen to 21.5 million, of which about a third were added since mid-April
 "Wall Street giants get swept up by India's brutal coronavirus wave")
T Rabi Sankar named RBI deputy governor to succeed B P Kanungo
Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank
 "T Rabi Sankar named RBI deputy governor to succeed B P Kanungo")
It pays to keep your head in Cloud, say CIOs at Business Standard webinar
In the Indian context, attracting talent remains a big issue because tech folks are used to work in new-age entities like an Amazon, Facebook, Google or a Flipkart
 "It pays to keep your head in Cloud, say CIOs at Business Standard webinar")
 "De-risking the Risk Business webinar series - Getting Cloud Right: Key to Risk Management in Banks")
 "De-risking the Risk Business webinar series - Reimagining Customer Experience in New Lending Models")
