Federal Bank is expecting to restructure loans worth Rs 3,500 cr, or 2.5-3% of its total advances, after the moratorium ends. Bank has made provisioning of 10%.
Lakshmi Vilas Bank, which badly needs capital to meet regulatory requirements, has got board approval to raise up to Rs 500 crore through a rights issue.
Equitas Small Finance Bank fixes price band at Rs 32-33 per share as it plans to raise Rs 517.6 crore via IPO.
Kotak Bank customers can now link their debit and/or credit card to Google Pay and then seamlessly transact using their mobile phones across different payment platforms.
Banks have headroom to raise Rs 3.75 lakh crore from the bond market as RBI increases SLR to 22%.
Banks could not generate new loans, except for refinance opportunities, as all branches remained closed in the first nationwide lockdown.
Bad loans in the banking system are pegged at Rs 9 trillion.
If dining, travel, and aviation were usually the major spends on credit cards, now it is insurance, e-commerce, electronics, online doctor consultation, medicines, bill payments, and retail purchases like grocery, vegetables, and fruits.
