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Latest Articles in banking sector

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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SBI Posts 52% Rise In Profit As Bad Loan Provisions Drop

Net profit at SBI rose to 45.74 billion rupees ($611.75 million) for the three months ended Sept. 30, from 30.12 billion rupees a year earlier.

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HDFC Bank Shares Jump 3 % After Q2 Earnings

HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit to Rs 7,703 crore for the second quarter ended on September 30, 2020.

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Borrowers Seeking Loan Moratoriums Rose After June; Will Be Judicious On Loan Recasts: Axis Bank

About Non-Performing Assets (NPAs), the bank's Chief Executive Officer and Managing Director Amitabh Chaudhry said its stress tests are now showing lower slippages across any scenario than earlier.

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Downgrades Indian Banking Outlook To Negative For H2

Ind-Ra maintained a stable outlook for private banks as they are better placed to withstand the challenges presented by the pandemic.

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