Progress from pause to interest-rate cuts will depend on lot of variables; prediction of end to rate hike cycle is also fraught with risks, though popular view is that RBI will adopt pause policy for long.
Bankers fear RBI’s compromise settlement measure can lead to birth of new defaulters, spoil credit discipline and hurt integrity of banking system.
Reverse flow of Rs 2,000 notes to banking system will ease liquidity to certain extent but have little impact on deposit growth or interest rates, senior bankers said.
Several Indians in Gulf region complain that banks are refusing to accept their Rs 2,000 notes.
RBI says value and volume of banknotes in circulation increased during 2022-23, with Rs 500 notes enjoying highest share.
Number of fake Rs 500 denomination notes detected increases by 14.4% to 91,110 pieces in FY23 compared to year-ago period.
Rs 500 accounts for 77.1% of all notes in circulation by value and 37.9% by volume, according to RBI’s annual report.
While about Rs 14,000 crore has come in form of deposits, Rs 3,000 crore has been exchanged, SBI chairman Dinesh Khara said.
RBI Governor Shaktikanta Das cautions banks against trying to conceal real status of their stressed loans while red-flagging governance gaps at certain lenders.
Rs 500 note as highest denomination currency is more than enough for India, IDFC First Bank CEO V Vaidyanathan has said while welcoming RBI’s decision to withdraw Rs 2,000 banknotes. Here is why.
Bank of Baroda Kerala Zone Head Sreejith Kottarathil talks about profitability, credit growth and how the staff geared up to control NPA additions and beef up loan recoveries.
The withdrawal of Rs 2,000 currency note is likely to be a non-event but it will have a favourable bearing on liquidity, bank deposits and interest rates, according to a SBI study.
Dhanlaxmi Bank is planning to have the rights issue in Q1 of FY24 but it may get rolled over to the next, says CEO JK Shivan.
Profit of public sector banks touches Rs 1,04,649 crore in FY23; SBI accounts for nearly half of total earnings with annual profit of Rs 50,232 crore.
Punjab National Bank posts net profit of Rs 1,158.61 crore in Q4, up 474.7% YoY, on back of improved underwriting standards, better asset quality and growth in advances.
