Central Bank of India MD and CEO MV Rao has been elected as chairman of Indian Banks' Association.
Central Bank of India, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank and Indian Overseas Bank need to reduce government shareholding.
Bank credit and deposits cannot keep running at very different levels for a long period of time and are likely to converge at around 13%, bankers said.
Dilemma HDFC Bank faces today is growth versus profitability even as CD ratio is high at 110% and liquidity is tight in banking system; in post-merger scenario, bank needs deposits to outpace loan growth.
IDFC First Bank CEO Vaidyanathan shares vision of bank’s size in next five years even as it normalises lending growth, hooks on to strong deposit growth and keeps guard on bad loans.
SBI should be in a position to meet wage cost as well as pension obligations by generating incremental productivity through digital route, said chairman Dinesh Khara.
Indian economy continues to sustain momentum achieved in first half of 2023-24; fresh round of capex by corporate sector likely to fuel next leg of growth, said RBI in its February Bulletin.
Canara Bank’s in-house Hindi magazine ‘Canara Jyoti’ has bagged the ABCI award for the year 2022-23.
Canara Bank increases focus on high-yielding loans in RAM sector and on recovery from written off pool; raises interest rate on credit to NBFCs after RBI’s directive on risk weight; launches initiatives to mobilise deposits to bring it in sync with credit growth.
Indian banks will have to strike a fine balance between maintaining strong loan growth and paying more for deposits to fund that growth, S&P Global Ratings said.
HDFC Bank, which has the second-largest home loan assets, has decided to strategically leverage its large size to cross-sell multiple products and boost its CASA deposits base.
Canara Bank has raised Rs 2,000 crore via bonds at a coupon of 8.4%; will be utilised to fund business growth.
RBI lifts ceiling on remuneration of non-executive directors in private banks to Rs 30 lakh per annum from Rs 20 lakh earlier.
Indian Overseas Bank unveils RuPay Credit Card variants, IOB Freedom Savings and Current Account Variant and Digital Documents Execution for online locker agreements.
RBI will soon issue guidelines mandating lenders to provide retail and small business borrowers a ‘key fact statement’ that shows details on pricing of loans and other charges levied on them.
