SBI plans to add 1,561 customer service points, located in the unbanked gram panchayats of Odisha; state government to provide infrastructure.
Lenders have recovered 32% of their total claims under the IBC, says RBI Governor Shaktikanta Das; learnings from IBC suggest need for some course correction.
RBI not averse to having a rival to NPCI, the creator of UPI. It had sought applications but none of them had anything new to offer, said RBI Governor Shaktikanta Das.
RBI Governor Shaktikanta Das said for emerging market economies and advanced economies, travelling down that path of cryptocurrencies will create huge risks which will be very difficult to contain going forward.
Pressure on deposit rates to continue; several reasons free it from shadow of a flattened repo rate as banks prepare for a volatile market amid tight liquidity conditions.
Union Bank of India’s loan book grew 11.44% YoY to Rs 8.96 trillion; deposits rose 10.09% to Rs 11.72 trillion.
HDFC Bank’s deposits grow 27.7% YoY to Rs 22.14 lakh crore as of 31 December 2023, from Rs 17.33 lakh crore a year ago.
Punjab National Bank posts 13.5% YoY growth in advances to Rs 9.72 lakh for December quarter; Bank of Maharashtra’s loan book grows 20% to Rs 1.88 lakh crore.
RBI proposes allowing banks having net NPA ratio of below 6% to declare dividends.
Under the new RBI guidelines, banks will have to undertake special drives periodically to find out whereabouts of customers with such accounts.
Bank credit growth to industry decelerates to 6.1% in November versus 13% a year ago; credit growth to agriculture accelerates.
RBI Governor Shaktikanta Das said achieving durable price stability, ensuring medium-term debt sustainability and further strengthening financial sector resilience remain key policy priorities.
Bank of Baroda raises interest rates on domestic retail term deposits by up to 125 basis points in various maturity buckets; earlier, SBI had hiked rates.
Consolidated balance sheet of banks expanded by 12.2% in FY23, the highest in nine years; this was driven by credit to retail and services sectors, says RBI.
Number of bank fraud cases rise to 14,483 cases in first half of FY24 from 5,396 a year ago; value falls to Rs 2,642 crore from Rs 17,685 crore.
