Bankers welcomed Finance Minister Nirmala Sitharaman’s budget proposals as being growth accretive, and hailed the focus on capital expenditure while continuing with fiscal consolidation. On […]
Tag: banks
Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery in the fourth quarter, as […]
Banks on branch addition spree to cash in on credit growth
Indian banks are on a branch addition spree as they look to capitalise on the purple patch in credit growth. While digital banking is growing […]
Nomura hires top ICICI banker to head India ECM business: Sources
Nomura Holdings has tapped Mahesh Natarajan to head its equity capital markets business in India, two sources with direct knowledge told Reuters, a top-level investment […]
Transition to expected credit loss-based provisioning may hit banks only one time: Report
The implementation of expected credit loss (ECL)-based provisioning model proposed by the Reserve Bank of India will be smooth as the transition will hit banks’ […]
Banks relying on costly market borrowings for lending
Banks are relying more on costly market borrowings instead of deposits to meet credit demand. Experts say that banks are yet to turn aggressive in […]
RBI bans SBM India from allowing foreign remittances
The Reserve Bank of India (RBI) has banned State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd from processing any foreign exchange remittances […]
PSBs will continue to lag private peers in deposits: Analysts
Public sector banks are benefiting from lower credit costs and increase in risk appetite due to asset quality clean-up, but they face the risk of […]
Banks transfer Jaypee Infratech’s ₹9,234-crore debt to NARCL
Banks have completed the transfer of ₹9,234 crore of Jaypee Infratech loan to the National Asset Reconstruction Company (NARCL), marking the first acquisition for the […]
RBI tweaks norms related to share acquisition in banks
India’s central bank, the Reserve Bank of India, on Monday tweaked norms related to acquiring shares in banks in a bid to ensure ownership is […]