Gurubari Sisa often remembers the dreadful night when Naxalites pounded blows on her eldest son. SBI’s customer service person travels up the hills to deliver Sisa’s monthly pension of Rs 500 as she is unable to walk.
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.
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.
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.
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.
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.
About Rs 8,470 crore worth of the withdrawn Rs 2,000 notes are still with public; Rs 2,000 banknotes continue to be legal tender.
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.
Paytm Payments Bank’s persistent non-compliance of the regulator’s norms prompted RBI to act; action was taken keeping in mind the gravity of the violation.
