SBI expected to cross this historic landmark in September quarter but achieved it on 3 November; loan pipeline of Rs 7.8 lakh crore to help bank post 16% corporate credit growth in FY27.
Under aegis of IBA, banks are working on a platform for quicker sharing of info on cyber threats and data breaches, said SBI Chairman CS Setty.
Bank of India CEO Rajneesh Karnatak says corporate loan pipeline is at Rs 65,000 crore and RAM at Rs 20,000; net profit expected to cross Rs 6,000 crore in FY27.
Yes Bank counts on ‘stored capital’ levers if SC order forces AT1 bond restoration; rules out urgent capital raise.
Anup Bagchi said much of unwinding of post-merger balance sheet transformation is over but “some more work needs to be done”; he takes charge as CEO on 27 Oct.
Yes Bank’s net worth will slide to Rs 46,970 cr from Rs 53,268 cr reported in Q2 and RoA turn negative if SC’s ruling on AT1 bonds prevails; bank explores legal remedies including review petition in SC.
PNB has loan pipeline of Rs 1.58 lakh cr, says CEO Ashok Chandra; bank has key parameters in place to deliver quarterly net profit of Rs 6,000 cr.
Punjab National Bank and Canara Bank join SBI and Bank of Baroda in the Rs 30 lakh crore total business club. Read the state-run banking sector tier breakdown.
Despite RBI’s 25-basis-point repo rate hike, banks may take time to raise FD rates as they have huge stock of FCNR(B) deposits; Bajaj Finance raises rates and other NBFCs are expected to follow suit.
New CEO Anup Bagchi will need to resurrect HDFC Bank’s shares, accelerate loan growth, revive low-cost deposits and expand margins even as his former employer bank closes in on the leader.
RBI Governor Sanjay Malhotra speaks about tools available to absorb excess liquidity, FCNR(B) deposits helping the central bank to earn additional income and reassessing growth-inflation dynamics in next policy.
SBI Chairman CS Setty dismisses concerns raised by Axis Bank head Amitabh Chaudhry about massive FCNR(B) flows leading to abnormal lending; highlights role of AI in banking sector.
Indian banks leave large part of future interest payments on $127.23 bn of FCNR(B) deposits unhedged; RBI's special swap facility is on principal amounts while lenders need to manage interest payments.
Axis Bank chief Amitabh Chaudhry cautions about ‘abnormal lending’ risks from big boost in FCNR(B) deposits; also speaks about RBI rate hike and consolidation in banking sector.
Banking system liquidity surplus jumps to Rs 9.7 lakh crore as of 3 September. RBI has complex task of managing liquidity and overnight rates.
