Inside the RBI ban on Mastercard

Indianbankingnews.com looks at how the credit card market has got embroiled in a complex web of battles over data storage locations, foreign versus homegrown entities and regulatory requirements.


The changing trends in the credit card marketplace

First quarter of FY22 reinforce trend that started since RBI imposed ban on HDFC Bank; definite shift taking place in market, albeit slowly.

Developments in Vodafone Idea a matter of concern for banks

Vodafone Idea’s Rs 1.8 lakh crore debt worries bankers; plan meeting as Kumar Mangalam Birla offers to hand over stake in firm to government.

ICICI Bank CEO sets example, relinquishes salary in Covid year

ICICI Bank CEO Sandeep Bakshi let go a year’s salary due to the pandemic while his counterparts in HDFC Bank and Axis Bank took home fat pay packets.

A quiet protest on Bank Nationalisation day

Small demonstrations, pamphlet distributions and blood donation camps mark ‘Bank Nationalisation’ day even as bankers are restricted by Covid.


News

SBI reports record quarterly profit, net at Rs 6,504 cr

SBI’s 55% surge in Q1 net profit comes on back of lower provisions, higher fee incomes and one-time recovery from Kingfisher Airlines loan account.

PNB eyes recovery of Rs 14,000 cr in 3 qtrs; to shut 1,000 branches

PNB expects to recover bad loans worth Rs 5,000 cr from NCLT in FY22; NPAs to be cut by Rs 12,000 cr.


News

Stage set for recovery amid near-term challenges

Policymakers create congenial environment for bank credit offtake over medium term to support investment activity, writes IndusInd Bank deputy CEO Arun Khurana.

A trade union leader writes on India's bank nationalisation day

It is an ironical coincidence that the new session of parliament begins on the day we celebrate our 52nd bank nationalisation anniv, writes Devidas Tuljapurkar.


News