Reserve Bank of India is not in favour of foreign bidders acquiring 51% in Yes Bank; Japan’s Sumitomo Mitsui Banking Corporation has shown interest in acquiring a controlling 51% stake.
HDFC Bank is under regulatory pressure to improve credit-to-deposit ratio which has worsened post-merger; is in talks with Barclays, Citigroup, JPMorgan Chase and ICICI Bank to offload Rs 8,400 crore in loans.
Reserve Bank of India imposes penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for lapses in statutory and regulatory compliance.
AU is first Small Finance Bank to submit application to RBI to voluntarily convert itself to a universal bank; move to allow the SFB to expand its reach and services.
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.
Correction in equity markets over time can help banks get back the deposits it has ceded, SBI managing director Ashwini Kumar Tewari said.
RBI tightens norms for non-banking financial company-peer to peer lending platforms, barring them from taking any credit risk, offering credit enhancement or providing guarantees.
Banking Laws (Amendment) Bill, 2024, introduced in Lok Sabha; among other changes, it proposes to allow customers of banks to name up to four nominees to their accounts.
While offering top-up loans, certain banks and NBFCs have not strictly adhered to regulatory prescriptions relating to loan to value ratio, risk weights and monitoring of end-use of funds; RBI asks lenders to review such practices and take remedial action.
RBI keeps repo rate unchanged at 6.5% for 9th consecutive time; retains growth and inflation forecast for FY25 at 7.2% and 4.5% respectively.
Govt of India appoints Challa Sreenivasulu Setty as next chairman of State Bank of India; his three-year tenure comes into effect from 28 August.
Reserve Bank of India has laid down broad principles for management of model risks in credit for banks and other regulated entities to ensure prudence and robustness.
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.
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 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 following wrong practices of evergreening distressed loans; in extreme cases this may call for regulatory or supervisory actions, RBI Deputy Governor Swaminathan Janakiraman says.
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 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 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.
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.