SC allows banks to invoke personal guarantees of promoters in case of default; this will lead to more bad loans getting resolved faster, say top bankers.
There is a steady increase in home loan delinquency across all segments of ticket sizes and age groups; defaults highest in premium segment and among age group below 25 years, says CRIF High Mark.
RBI Governor Shaktikanta Das asks public sector banks to continue with measures to enhance the resilience of their balance sheets.
Buoyed by digitisation drive, ICICI Bank posts double-digit growth in all segments of retail book in Q4; corporate loan book also performs with a well-rated asset book.
As part of plan to become pan India franchise, CSB Bank will add branches outside Kerala; posts record profit of Rs 218 cr in FY21.
Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, gives in-principle nod for strategic disinvestment along with transfer of management control in IDBI Bank; trade unions to protest.
Punjab National Bank posts standalone profit of Rs 586.33 crore in Q4 due to a surge in interest income.
Uday Kotak said he would remain as Kotak Mahindra Bank’s CEO until Dec 2023 and the board would take a call on succession in due course; bank’s Q4 net up 33%.
Barely a month on, SBI has gone back to its old home loan interest rates after hiking it by 25 basis points to 6.95%. Why has it cut rates?
A year after being bailed out, Yes Bank has reported net loss of Rs 3,788 crore in Q4 as it continues to grapple with its pile of legacy bad loans.
ICICI Bank Q4 net up 261% to Rs 4,403 cr as advances grew higher than the banking sector and asset quality stood stable.
Profit led by a sharp fall in bad loan provisions to Rs 3,324 cr in the fiscal fourth quarter, from Rs 7,834 cr a year ago.
RBI restricts tenure of a bank CEO to 15 years, a guideline that could make Uday Kotak, founder and CEO of Kotak Mahindra Bank, ineligible for another term.
Axis Bank to load its customers with higher charges on certain services while increasing minimum monthly balance requirement in savings bank accounts.
Public sector banks will have to let go of one of their big advantages as the Centre has now allowed all private banks to participate in govt-related banking transactions.
