After 5-year lock-in period, RBI allows IDFC to exit as promoter of IDFC First Bank; stage set for potential reverse merger between IDFC Ltd and IDFC First Bank Ltd.
After 5-year lock-in period, RBI allows IDFC to exit as promoter of IDFC First Bank; stage set for potential reverse merger between IDFC Ltd and IDFC First Bank Ltd.
Customers raised doubts about Karavannur Co-operative Bank’s shady dealings; case has been registered against the bank.
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Small demonstrations, pamphlet distributions and blood donation camps mark ‘Bank Nationalisation’ day even as bankers are restricted by Covid.
Second wave of coronavirus impacts 12% of HDFC Bank’s staff in Q1, leading to fall in retail loan originations, sale of third-party products, card spends and efficiency in collection efforts.
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.
HDFC Bank and Yes Bank have for June quarter shown shrinkage in retail loan book; indicates how second wave of coronavirus has hurt consumer demand and damaged the economy.
Bad loans could swell to 11.22% of the advances under a severe stress scenario, RBI said; there is incipient signs of stress among medium and small units.
RBI asks banks to monitor their exposures to retail and small businesses; stress in MSME segment remains high in PSBs.
Capital and liquidity buffers are reasonably resilient to withstand future shocks, RBI Guv Shaktikanta Das said.
