Donald Trump’s 90-day tariff pause and a cooling inflation almost guarantees two more successive interest rate cuts; RBI Governor Sanjay Malhotra’s reign, however, coincides with a topsy-turvy world, gone chaotic and in process of being rebuilt through complex formations.
IndusInd Bank has not quite gathered the dirt of Yes Bank when it sank in 2020; bank’s fault line is currently restricted to discrepancies in forex derivatives accounting and not to spike in bad loans.
The affiliate firms of Warburg Pincus and ADIA will own 15% stake in IDFC First Bank; fund raise will fuel lender's next phase of growth.
Impact represents 2.27% of IndusInd Bank’s net worth as of December 2024, according to external agency’s audit report; this is lower than bank’s earlier internal review estimate of 2.35% impact.
Only few private sector banks have responded early to repo cut as deposits lagging behind loan growth is a constraint; RBI’s assurance of liquidity surplus may encourage more banks to cut deposit rates.
RBI cuts repo rate by 25 basis points for second consecutive time; indicates more may come amid global uncertainties following Donald Trump’s sweeping imposition of tariffs.
IndusInd Bank's share price goes diving after discrepancies in accounting of derivatives portfolio come to light. Here is how and what happened to the country’s fifth-largest private sector bank.
RBI cuts repo rate by 25 basis points for second consecutive time; indicates more may come amid global uncertainties following Donald Trump’s sweeping imposition of tariffs.
Amid missed targets, liquidity crunch and market slide, most banks have seen deposits lag behind loan growth in the March quarter.
RBI issues draft circular proposing stronger norms for loans given against gold ornaments and jewellery; aim is to harmonise rules across different regulated entities.
After RBI’s repo rate cut, several PSU banks have revised lending rates by up to 35 basis points; interest rates on home and personal loans to fall.
The proposals range from securitisation of stressed assets to gold loans, co-lending and UPI transaction limit.
During April-September period of current fiscal, public sector banks recovered Rs 37,253 crore of bad loans.
Gross NPAs of private sector banks stood at Rs 1.34 lakh crore as on 30 September 2024, said MoS for Finance Pankaj Chaudhary; this as percentage of outstanding loan is 1.86% in private sector banks.
Canara Bank MD & CEO Satyanarayana Raju sheds nearly Rs 40,000 crore of low-yielding advances in corporate sector; taps alternative resources to bridge gap between credit and deposit growth and lends at higher cost.
Banks have seen a surge in gold loans as prices for the yellow metal have soared and the RBI has worried that aggressive lending in this segment can lead to a build-up of bad debt if irregular practices are not corrected.
Several asset reconstruction companies are struggling, a few are dead and some are set to die amid limited availability of bad loans to source and a regulatory requirement to increase their net worth.
Banking fraud cases in India rise 27% to 18,461 in H1FY25; amount jumps eight-fold to Rs 21,367 crore, RBI data showed.
Relaxations in new circular timely as resolution of small loans via settlement process will be quicker; this when ARCs are seeing jump in retail and microfinance bad loans in their catchment area.
As per RBI data, Mehul Choksi-owned Gitanjali Gems tops defaulter list, owing Rs 8,516 crore; ABG Shipyard occupies second spot with outstanding amount of Rs 4,684 crore.
Hitesh Mehta, ex-GM of New India Co-operative Bank used to call two staffers and instruct them to hand over Rs 50 lakh at a time from the bank's safes to persons he sent; police has also arrested former CEO of the bank.
Bank of India reports loan fraud of Rs 226.84 crore by Odisha-based Gupta Power Infrastructure to the RBI; earlier, PNB had declared fraud of Rs 270.57 crore by the same company.
New India Cooperative Bank official arrested for allegedly embezzling Rs 122 crore has admitted to giving Rs 70 crore to a real estate developer to complete an SRA project in Charkop in Kandivali.