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Latest Articles in banking sector

MSMEs Participating In The Post COVID Recovery

MSMEs faced the challenge of keeping their financial wheels turning during the lockdown period due to less or almost no business activities, weak demand and low consumer confidence.

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Expect Moderately Worse Banking Sector Outlook For Next Fiscal: Fitch

Fitch believes that the disproportionate shock to India''s informal economy and small businesses, coupled with high unemployment and declining private consumption, have yet to fully manifest on bank balance sheets.

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Expect Moderately Worse Banking Sector Outlook For Next Fiscal: Fitch

The state's less-than-adequate recapitalisation plans for its banks further underscores the risk, which will likely keep risk aversion high among banks amid continuing uncertainty about asset quality and an uneven economic recovery.

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How AI And Machine Learning Are Transforming The Banking Industry

Using Machine learning and Artificial Intelligence along these lines, banks get a clear image of risks and danger and possible return for every individual, prompting more secure choices and fewer people defaulting on their credits.

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India's economic recovery to reduce bank stress: S&P

An economic downturn that is much more severe or prolonged than current forecasts or a likely significant increase in NPAs and credit losses can lead to a lower economic risk score.

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Ind-Ra lowers expected Covid-19 stress on banks

Ind-Ra estimated that about 1.24 per cent of the total bank book is under incremental proforma NPA and about 1.75 per cent of the total book can be restructured by end-FY21.

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IFSCA Permits Banking Units To Transfer Assets Through Participation Pacts

The above dispensation is expected to encourage risk participation of foreign currency assets through BUs in IFSC instead of banks in foreign jurisdictions

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Indian Banks Pursue UK Bankruptcy Order Against Vijay Mallya

The exchange between the lawyers got heated at several points during the course of the virtual hearing, also being followed by Mallya, with Judge Briggs stepping in to urge a focussed question and answer approach to expedite the proceedings.

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Canara Bank Sets Issue Price For Rs 2,000 Cr QIP At Rs 103.50 A Share

The sub-committee approved the 'issue price at the floor price of Rs 103.50 per equity share...for an aggregate value of Rs 2,000 crore to be allotted to eligible qualified institutional buyers in the QIP',

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Moody's Terms HDFC Bank's Multiple Digital Outages 'Credit Negative'

Banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers.

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Union Bank Completes Integration Of All Branches Of Corporation Bank With Itself

Union Bank of India said the entire migration has been completed at a record time with least inconvenience to customers, without effecting any change in their account numbers, debit cards or net banking credentials.

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Congress welcomes economic experts' criticism of central govt's proposal to allow corporates in banking sector

Congress welcomes economic experts' criticism of central govt's proposal to allow corporates in banking sector

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Non-performing Loans In Indian Banking Sector To Rise In Next 12-18 Months: S&P

According to S&P, the banking system''s credit costs will remain elevated at 2.2-2.9 per cent this year and next.

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PNC To Buy BBVA's US Banking Arm For $11.6 Billion In Cash

Investors have been growing impatient with BBVA's efforts to tackle the poor performance of its U.S. business after the Spanish lender took a $1.5 billion writedown in its fourth-quarter 2019 earnings, blaming low interest rates and declining growth.

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BOJ Unveils Scheme Incentivising Regional Bank Consolidation

The central bank said it will introduce a special deposit facility under which it will pay 0.1% interest on current account balances held by regional lenders that meet certain criteria.

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