Page 5 - Indian Banking System

Banks' net profit likely to grow by 16.7% in Q3 due to high credit offtake

High credit offtake, lower credit cost to support bottomline

Home loans' share of retail segment decline to 47.2% in Nov, shows data

Unsecured loans extended by banks at Rs 15.35 trillion

Reserve Bank of India to conduct 7-day VRR auction to inject up to Rs 1 trn

The central bank had conducted a VRR auction after six months on December 15

Central Bank of India's loans grow 14.9% to Rs 2.4 trillion in Q3 FY24

The Mumbai-based public sector bank's deposits expanded by 9.52 per cent Y-o-Y to Rs 3.77 trillion at the end of December 2023 from Rs 3.44 trillion a year ago

RBI extends payments infrastructure development fund scheme till 2025

As part of the announcement, beneficiaries of the PM Vishwakarma Scheme have been included as merchants under the PIDF scheme

Bank credit growth to moderate; capital buffers to remain comfortable

"Margins under pressure due to rising interest rates plus increase in the operating expenditure on revision in salaries. Despite this, banks' profitability will remain robust"

Banks' capital adequacy ratio to fall 71 bps on higher risk weight: RBI

Higher risk weight to dampen growth exuberance, improve credit quality

Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows

CD issuances in December highest in this financial year

Reserve Bank of India to conduct 7-day variable rate repo auction on Friday

"The response should be good from the banks and the auction should sail through easily as the liquidity is very tight right now," a dealer at a state-owned bank said

Sharp improvement in liquidity expected from January 2024: India Ratings

Govt spending, FPI flows to drive liquidity

New national co-op policy calls for body to address financing needs

It has also called for rationalizing the process of winding up and liquidation of a cooperative where revival is not possible within a reasonable timeframe

Central bank and cricket

While the economy seems to be on a firm growth path, the fight against inflation is not over yet. It has not even entered the last round

Indian banks' profit to rise; China economy a worry: Moody's report

The report indicated that economic recovery is losing momentum in China, with growth expected to slow to 5 per cent in 2023 and 4 per cent in 2024

Banking liquidity swings to surplus after a month driven by govt spending

"OMO is out of the picture right now because it will also disrupt the overall supply at this point in time," said a dealer at a state-owned bank

RBI not likely to cut benchmark repo rate before Q2FY25: SBI Report

Benchmark repo rate was kept unchanged at 6.5 per cent by central bank during October 2023

Unsecured loan growth to moderate after RBI norms on lending: NBFCs

The NBFCs are also looking to diversify their source of borrowing post the central bank's mandate as the funds from banks are expected to be affected

RBI, Bank of England strengthen ties; ink agreement to end CCIL logjam

Move comes as a relief to UK-based banks such as Standard Chartered and HSBC

Tight liquidity: Open-market operation not on the discussion table

The banking system liquidity widened to a near 5-year high on November 21 on the back of monthly goods and services tax payments

Biz trajectory remains intact, committed to achieving targets: RBL Bank CEO

Our bank had a total capital adequacy ratio of 17.07 per cent and Tier-I (entirely CET1) of 15.15 per cent as on September 30, 2023 (inclusive of profits for the half year), he says

UCO fraud fallout: FinMin to meet PSB chiefs next week on cyber security

Sources said that such frauds occurred a couple of times before involving some other public sector banks but went largely unnoticed as the amount involved was small