Page 15 - Indian Banking System

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.

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

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

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

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

Best of BS Opinion: Climate change summit, pandemic mismanagement, and more

Here are the best of Business Standard's opinion pieces for Monday

M Narasimham: Forgotten contributions

In 1977, the Janata government asked him to leave and made Narasimham governor for five months

Banks must halve their dividends to conserve capital in view of Covid: RBI

Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks

Systemic risk to stay high for Indian banks amid second Covid surge: S&P

The impact of broader lockdowns on the economy could be substantial, depending on their length and scope, S&P said in a statement

How long will the RBI continue with its extreme accommodative stance?

Status quo expected on Wednesday, but guidance will hold the key for bond market

HDFC Bank's advances grow 14% YoY in Q4; sequentially up 4.6%

India's largest private sector lender said in a regulatory filing its domestic retail loans in Q4FY21 grew by 7.5% YoY

RBI deputy governor BP Kanungo retires after completing 1-year extension

Against expectations of getting a second extension, the senior-most deputy governor BP Kanungo retired from the Reserve Bank on completion of his one-year extension on Friday. Kanungo joined the RBI in 1982 and was in charge of currency management, external investments, operations, payment, and settlement system, among others, during the four-year term as the deputy governor, which began in April 2017. The government had appointed him as a deputy governor in March 2017 when Urjit Patel was the governor and he took charge on April 3, 2017, for a three-year term ending April 2, 2020, but was given a one-year extension. There was an expectation that he might a second extension after the government had cancelled interviews for the post of the deputy governor, scheduled for March 10. As deputy governor, Kanungo headed the departments of currency management, external investments & operations, government & bank accounts, information technology, payments & settlement systems, ...

Stressed and not showing: Covid-19 relief hides true picture about banks

Banks seem to be doing better as India's economy recovers from the Covid-19 devastation. But be prepared for shocks when a true picture emerges, writes Devangshu Datta

Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds

Special securities shall be non-interest bearing and no interest shall be payable on issue of the securities

Moratorium verdict: Prepare for shock when a more realistic picture emerges

Loan Moratorium verdict: It also declared that compound interest will not be charged for the period of moratorium.

RBI Dy Guv Kanungo may get extension; interviews to find successor nixed

The move comes at a time when the central bank is working on digital currency

Reserve Bank loosens grip on yields at auction to leave traders guessing

RBI sold some of 10-year debt at 6.22 per cent on Friday, compared with about 6 per cent in previous auctions

Covid-19 pandemic impact will pose challenge to Indian banks in FY22: Fitch

Indian banks, particularly state banks, remained more risk-averse than in prior years, which was reflected in their weak credit growth

Digital currency an idea that can go far, but will RBI explore it?

Skepticism is high about "Retail Direct" because previous attempts at bringing public debt to the masses haven't gone anywhere