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.
RBI asks NBFCs to broad-base their fundraising to limit reliance on banks; calls for strengthening balance sheets and guarding against frauds.
Indian banking system is facing a widening liquidity deficit, reaching levels last seen in 2016; RBI may provide another round of short-term cash infusion.
RBI Governor Shaktikanta Das explains why interest rate was unaltered, GDP growth revised upwards and inflation forecast retained. Indianbankingnews.com puts his monetary policy speech in Q&A form. Here are the edited excerpts:
IDFC First Bank has launched the First SWYP Credit Card in partnership with Mastercard.
IDFC First Bank’s executive director Madhivanan Balakrishnan has tendered his resignation.
Share of term deposits see sharp YoY jump in September while bank lending to private corporate sector witness 14.9% rise, RBI data shows.
Reserve Bank’s risk weight tinkering will have an impact of up to 0.50% on Bank of Baroda's capital buffers, says CEO Debadatta Chand.
SBI chairman Dinesh Khara said higher risk weights will have 0.02-0.03% impact on its net interest margins in December quarter but better picture to emerge in next quarter.
