Banks have failed to meet the 31 March deadline to transfer Rs 50,000 crore of bad loans to NARCL due to procedural delay, Union Bank of India CEO Rajkiran Rai said.
HDFC Ltd Keki Mistry to also step down, but he may be on board of merged entity helping it to take off to next stage of growth.
HDFC Bank’s Q4 loan book up 21% to Rs 13.69 lakh crore; deposits rise 17% to Rs 15.59 lakh crore.
Two-day strike has impacted banking services and about 20 lakh cheques worth Rs 18,000 crore could not be cleared, said AIBEA general secretary C H Venkatachallam.
Punjab National Bank’s board approves plan to raise capital via issue of Basel III compliant AT-1 bonds up to Rs 5,500 crore and tier II bonds up to Rs 6,500 crore, in one or more tranches.
Trade unions of banks have responded to the government’s privatisation policy with a two-day strike, which crippled banking services and caused cash shortages at ATMs on Monday.
Sunflower oil prices have shot up by 20% as the Russian invasion of Ukraine has destroyed grinding and processing units in the war-ravaged country.
Indian banks will have to deal with smaller Russian banks to route transactions; larger Russian banks like Sherbank and VTB have come under sanctions imposed by the US and its Western allies.
Bank of Maharashtra, which raised Rs 290 crore by issuing Basel III compliant additional tier 1 (AT1) bonds, is looking to grow its credit by 16% and deposit by 10-12% in FY23.
HDFC Ltd has approved retail home loans of over Rs 2 lakh crore in FY22, its highest ever in a financial year.
Government holds roadshows to assess investor interest for stake sale of IDBI Bank before inviting EoI, minister of state for finance Bhagwat Karad said.
Punjab National Bank will convene a board meeting later this month to decide on its capital raising plan through debt for the next fiscal year.
Future Retail lenders are approaching Debt Recovery Tribunal to recover secured assets; some banks looking to invoke personal guarantees of Kishore Biyani.
State Bank of India has put on sale 12 non-performing loans to recover dues of over Rs 820 crore.
Reserve Bank of India has granted an extension of three months to RBL Bank’s interim managing director and CEO Rajeev Ahuja.
