Page 8 - Indian Banking System

How to activate a dormant PPF account? Here are the steps to follow

If you have an inactive PPF account, then you will be deprived of many benefits. You have to deposit Rs 500 each year to keep it activated. Here are the steps to activate your dormant account

RBI releases list of NBFCs in upper layer under scale-based regulations

In terms of the framework, once an NBFC is classified as NBFC-UL, it shall be subject to enhanced regulatory requirement, at least for a period of five years

Re-jig of banks' investment rules to boost govt debt appetite: Bankers

Currently, the limit is 19.5% of a bank's net deposits, with some dispensation on bonds purchased between Sept. 1, 2020 and March 31, 2023

RBI may extend incremental cash reserve ratio with tweaks: Bankers

"The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows," a senior treasury official at a private bank said

Uday Kotak steps down as Kotak Mahindra Bank MD & CEO effective Sep 1

Uday Kotak's term would have ended on December 31, 2023. Joint MD Dipak Gupta has been appointed interim CEO

Uday Kotak steps down as MD & CEO of Kotak Mahindra Bank effective Sep 1

In the interim, Dipak Gupta, the joint managing director, will carry out the duties of the MD & CEO until December 31, 2023

PSB Alliance to provide door-step banking services in 6,800 centres

At present, pure-play supply chain finance from banks is only around Rs 1 trillion

Higher govt spending likely to help ease liquidity in banking system

There are signs of improvement in the liquidity scenario as banks parked Rs 25, 833 crore with the RBI on Thursday

Banking system's liquidity slips into deficit for first time in FY24

Banking system liquidity stood at a deficit or 236 billion rupees ($2.84 billion) as of Aug. 21, according to RBI data

Five-day work week in banks soon as industry demand gets nod from IBA

The proposal has now been sent to the finance ministry for its final approval. If approved, all Saturdays will be declared as bank holidays

Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr

The offer consists of fresh issue of shares worth up to 5.75 billion rupees ($70 million) and an offer for sale of up to 4.1 million shares, according to the draft herring prospectus

GNPAs fall to decadal best of 3.9% in March; set to improve further: RBI

The Indian banking system's asset quality strengthened to a decadal best, with the gross non-performing assets ratio falling to 3.9 per cent as of March 2023, the Reserve Bank said on Wednesday. GNPAs of the scheduled commercial banks are expected to improve further to 3.6 per cent by March 2024, as per the baseline scenario, the RBI's bi-annual Financial Stability Report said. "...the financial sector in India has been stable and resilient, as reflected in sustained growth in bank credit, low levels of non-performing assets and adequate capital and liquidity buffers," RBI Governor Shaktikanta Das said in his foreword to the report. He added that the balance sheets of corporates and banks have strengthened, which present a "twin balance sheet advantage" for growth going forward. It can be noted that the banking system NPAs peaked in the second half of the last decade after the RBI launched an asset quality review and forced banks to recognise hidden stress to ensure that books ...

Rate hikes revealed hidden stresses of banking sector: Chandrasekaran

The rise in interest rates has revealed hidden stresses in parts of the banking sector and this could impact global growth in the coming year, according to Tata Group and Tata Motors Chairman N Chandrasekaran. In his address to shareholders of Tata Motors in the annual report for 2022-23, he said, "the current year witnessed a surge in inflation requiring coordinated action by most central banks to increase interest rates to control inflationary expectations." Chandrasekaran further wrote, "While inflation is starting to moderate, the rise in interest rates has also revealed hidden stresses in parts of the banking sector that enjoyed a long run of low-interest rates and hence not prepared for the rate rise. This could impact global growth in the coming year." Recollecting his last year's message, he said, "recent history has been relentless with the global pandemic, military conflict, growing inequality, supply chain shortages and more." These challenges are resulting in structural

HDFC twins' merger may take effect July 1; boards to meet on June 30

HDFC shares will not be traded after July 13

Bank held liable for fraud by its manager

The National Commission noted that other bank officials had blamed its own manager for embezzlement, so for the bank to accuse PHFI's employees was an afterthought

FLDG guidelines: Digital lending industry seeks increase in default cover

Several players say default cover of up to 5% of loan portfolio may not be enough when compared to 100% offered by companies to banking partners earlier

India's quantitative tightening

The persistent gap between credit and deposit growth has perplexed many. Could it be due to shortfalls in money injection by the RBI?

RBI releases draft on cyber resilience, digital payment security controls

According to the RBI's release, the central bank has invited feedback from the shareholders on the same

Bank of Baroda board approves raising Rs 5,000 crore by March 2024

The capital will be raised when the market is conducive, the bank said

Liquidity surplus crosses Rs 1.75 trillion-mark on higher govt spending

The process to withdraw the Rs 2,000 note started from May 23