banks - Latest News, Analysis, Opinion

Banking & Finance Regulations

The decision comes in the wake of the ongoing crisis in banks in Europe and US

Indian Banks Are Epitome Of Resilience: SBI Report

When compared with other major countries, India has the least foreign claims, both as a counterparty basis and also as a guarantor basis, the report states

Banks May Increase Loan Interest Rate By 100-150 bps In FY24 Amid Tightening Liquidity: Ind-Ra

Banking & Finance Banking

The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding

Unable To Release Money From Nirav Modi's Firm Account, Banks To Court

The special court will hear the matter for passing orders on February 23

Govt To Hold Financial Bids For IDBI Bank In Sept

After the strategic sale, the 94.72 per cent stake of the government and LIC together will come down to 34 per cent in the bank

CBI Books Unitech And Its Directors Against IDBI Bank Fraud

IDBI in its complaint said the company was allegedly enjoying a vendor bill discounting (VBD) facility, a kind of credit, of Rs 400 crore from the bank in 2012

Banks Reluctant To Extend Fresh Loans To Vodafone Idea Before Capital Hike: Report

Companies & Markets

The company needs the funds to remain in business. But the lenders will wait for either a capital increase by its main shareholders - UK-based Vodafone Group and local investor Aditya Birla Group - or a debt-to-equity conversion by the government before granting the debt-laden operator more funding

Bank Of Maharashtra Records 22% Credit Growth In Q3

In its regulatory filing, it stated an outstanding of Rs 1.29 lakh crore at the end of 31, December 2021

The Great Bank Deposit War

Urvi Shrivastav

SBI has raised interest on retail deposits to 6.75 per cent from 6.1 per cent. IDFC first, HDFC, and Axis bank are at 6.5 per cent, and Kotak Mahindra has hiked the interest rate to 7 per cent

DICGC Settles Insurance Claims Of 3,06,146 Eligible Depositors Of 35 Banks

Giving more information, the Minister stated that 12 banks have since gone into liquidation after the deposit insurance amount was paid to the depositors of the banks in terms of Section 18A of the DICGC Act, 1961 from 1 September 2021 to 30 November 2022

Government Raises Maximum Tenure Of PSU CEOS To 10 Years

The central government will have the right to terminate the term of office of a full-time director, including the MD, any time before the expiry of the term specified, by giving him a notice of minimum of three months

How Banking & Finance Sector Help Small Businesses For Festivals

Sneha Patro

The festive season brings various opportunities to start and grow a small business, and banks or financial institutions play a vital role in it

Access To Timely Credit At A Fair Rate Is Essential For MSMEs' Growth: PayNearby Founder

Urvi Shrivastav

Financial institutions have limited their exposure to this sector mainly due to the small ticket loan size, high cost of servicing the segment, lack of proper documentation in the segment and limited capacity to offer immovable collateral

Banks See Bad Loans Falling To Decade Low Of 4% By FY24 End