Despite hiccups in Q2, IDFC First Bank’s 5-year goals on track

IDFC First Bank MD & CEO V Vaidyanathan believes that none of the stories on the bank’s projected five-year growth in deposits, loans, profitability and bad loans have fundamentally changed. 


SBI chairman Setty on deposits, rate war, loan growth

SBI lowers deposit growth forecast to 10%-11% but retains credit growth guidance at 14-16% for FY25; bank to stay away from deposit rate war and margins to remain stable, says chairman CS Setty.



Inflation hits 14-month high, dashes hope of early rate cut

Retail inflation soars to 14-month high of 6.21% in October, breaching RBI’s upper tolerance level and dashing hopes of early interest-rate cut following US Federal Reserve’s monetary easing policy. 

RBI issues rules for reclassification of FPI to FDI

Reserve Bank of India issues operational framework to allow foreign portfolio investors to convert their investments to foreign direct investment if the entity breaches the prescribed 10% limit.


RBI warns NBFCs against chasing unsustainable growth practices

RBI Governor Shaktikanta Das has warned of action against those NBFCs who are pursuing “growth at any cost” that could pose a risk to the economy’s financial stability.

Lenders can’t levy pre-payment charges on loans to MSEs: RBI

RBI has proposed banks and NBFCs not to levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to micro and small enterprises.


SBI to shift to cash-flow based lending to MSMEs: Chairman

The move from collaterals to cash flow-based lending will give enough traction to the growth of micro enterprises to become small and small to become medium, says SBI chairman CS Setty.

More News

HDFC Bank’s profitability versus growth balance

Dilemma HDFC Bank faces today is growth versus profitability even as CD ratio is high at 110% and liquidity is tight in banking system; in post-merger scenario, bank needs deposits to outpace loan growth. 

Why banks worry as RBI aims to tighten project finance norms

RBI has many reasons to feel that project financing is fraught with risks; bankers say draft is hurriedly sewn and, if implemented, prices would go up all around.


Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks have jumped 26% year-on-year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report.


Some ARCs are circumventing rules, warns RBI deputy governor

Some ARCs are following wrong practices of evergreening distressed loans; in extreme cases this may call for regulatory or supervisory actions, RBI Deputy Governor Swaminathan Janakiraman says.

Why small finance banks are in no hurry to become universal banks

Despite RBI allowing on-tap licensing, CEOs of small finance banks say they would lower their unsecured loan portfolio before transitioning to universal banks.

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank ready to shed Rs 70,000 of low interest rate corporate loans to protect margins as it expects liquidity to be tight this fiscal; repricing of loans already started, says CEO Satyanarayana Raju.

Indian Bank CEO speaks on growth targets in FY25

Indian Bank CEO Shanti Lal Jain sets stiff targets on recovery, loan growth and deposit expansion; aim is to cross Rs 1 lakh cr biz transactions through digital channels in FY25.


NPAs on Mudra loans fall significantly: Finance Minister

Public sector banks’ NPAs on Mudra loans fell significantly over last few years to 3.4% in FY24, FM Nirmala Sitharaman said; in private sector banks, this fell to 0.95% from a peak of 1.77% in FY21.