Page 6 - Indian Banking System

Banking liquidity deficit at 5-yr high, to narrow next week: Economists

The deficit was the highest since Dec 26, 2018, when it had hit Rs 1.86 trillion, according to economists

Jio Financial Services in early talks with bankers for maiden bond issue

Jio Financial, which was carved out of Reliance Industries, is in the process of getting its credit rating and other necessary approvals

RBI tightens norms, raises risk weights for personal loans and credit cards

Loans likely to become dearer; marginal impact on bank's capital adequacy ratio

Treasury bill cut-off yield fall slightly as banking liquidity eases

The Reserve Bank of India set the cut-off yield on 91-day, 182-day, and 364-day T-bill at 6.92 per cent, 7.11 per cent, and 7.15 per cent respectively

Dhanlaxmi Bank starts hunt for new CEO, Shivan's term to be over in January

The search-cum-selection committee, constituted by the board at its meeting held on Wednesday, will identify and evaluate suitable candidates for the position

Public sector lender BoB's head of digital lending Akhil Handa quits

BOB, in a late-night exchange filing, said Kadgatoor Sheetal Venkatesmurt will handle this charge in addition to her role as head of digital channels and operations

Casa, a four-letter word that bankers love

Casa is also changing its profile as it is no longer low-cost money but it balances the asset-liability gaps and lowers banks' capital requirement

Weekly Treasury bills' yield rise as bank liquidity deficit nears Rs 1 trn

The Reserve Bank of India set the cut-off yield on 91-day, 182-day and 364-day T-bill at 6.93 per cent, 7.14 per cent and 7.16 per cent respectively

Axis Bank net profit up 10% to Rs 5,864 crore, asset quality improves

The net interest income (NII), the difference between interest earned and interest expended, grew by 18.86 per cent to Rs 12314.6 crore in Q2FY24 as against Rs 10360.3 crore for Q2FY23

Banks well placed to withstand trading losses due to hardening yields: RBI

While banks are endowed to face effects of rising yields, they need to strengthen risk management practices and internal controls by banks remains of paramount importance, it emphasised

Banking liquidity moves to surplus due to govt spending, RBI concerned

The banks parked Rs 1,512 crore with the RBI on Tuesday, according to the data released by RBI

HDFC Bank's bad loan jumps, margin narrows post-merger, Q2 profit up 50.6%

Net interest margins, which had been above 4 per cent for many years, dropped to 3.4 per cent in the July-September period, largely owing to the higher cost of funds from the erstwhile HDFC

Federal Bank reported its highest-ever quarterly net profit in Q2 FY24

The bank's NII grew 16.72 per cent to Rs 2,056.42 crore, up from Rs 1,761.83 crore in the same quarter of the previous financial year

Bank of Maha Q2 net up 72% at Rs 920 cr, rules out equity capital offering

On a quarter-on-quarter basis, the bank's profit rose by 4.27 per cent from Rs 882 crore in Q1 of FY24. The stock ended the day 1.26 per cent higher at Rs 47.42 a share on BSE

HDFC Bank Q2 result: Net profit rises 50% to Rs 15,796 crore; NII up 30.3%

Net interest income (NII) for the Q2FY24 grew by 30.3 per cent to Rs 27,385 crore from Rs 21,021 crore for the Q2FY23

The new pitch for bond dealers to bat on

Treasury managers are padding up for the new norms for the classification, valuation and operation of investments

RBI starts pilot programme for wholesale digital rupee in call money market

More use cases on to be tested; Plan to test the entire wholesale segment

Will bankers ever learn?

Basel-III capital norms, which bankers oppose, are beneficial for both banks and the economy

RBI action may weigh on growth, increase costs for Bank of Baroda

The Q1FY24 data indicates over 90 per cent of savings and current accounts are sourced digitally

Banks raise Certificate of deposit by 20 bps in Oct to cater credit demand

CDs, which are short-term debt instruments employed by banks to amass funds, have seen an uptick in rates