SEARCHED FOR:STATE RUN BANKS
RBI approves appointment of CoD to run Dhanlaxmi Bank till appointment of CEO
The committee of directors (CoD) will be constituted with Iyer as chairman and G Rajagopalan Nair and P K Vijayakumar as its members, RBI said.
State-run lenders pin hopes on festive season to drive demand
Some of the lenders such as Indian Bank and Bank of Maharashtra have announc...
Government to infuse Rs 20,000 crore in India's state-run banks
In April, Reuters reported that New Delhi had assured state banks that it is ...
Banks are going all out with offers to revive credit growth during festive season
Large lenders such as the State Bank of India, HDFC Bank and ICICI Bank have unveiled a host of special offers to take advantage of pent-up consumer demand during the festive season as they hope higher demand will make up for the lost first quarter.
State Bank of India's digital startup, YONO, could be a $40 billion goldmine
The bank's YONO super-app could be valued at $40 billion with the lender considering long term plans to hive it off as a separate entity once it assumes a certain size.
Banks not risk averse, they are being prudent: SBI chairman Rajnish Kumar
"If the capex (capital expenditure) is not happening and investment in the economy is not happening at the same pace, then obviously this is a demand issue and the risk aversion would be where there is a demand and banks are not lending," he said at a virtual event organised by AIMA.
View: State banks are in dire straits. There's only one way to save them
Despite their eroding market share, PSBs may still hold value if they are sold to strategic investors with management control without losing time. Private equity investors that are piling on to private banks wouldn’t touch State-run banks with a bargepole if GoI retains a stake, let alone 26% and a say in their management.
The shift towards digital transactions is permanent and continue beyond Covid-19: SBI Chairman Rajnish Kumar
"The responsibility of banks to keep the wheels of the economy, business and payment systems running was paramount and that is precisely what we have done", said SBI Chairman.
Reserve Bank of India appeals to Supreme Court to allow NPA classification
The Reserve Bank of India, in a filing to the Supreme Court late on Friday, warned that failure to immediately lift an interim stay on banks classifying any loan as a non-performing asset (NPA) would also undermine the central bank's regulatory mandate.
Bank of Baroda launches festive offers for home, car loans
Bank of Baroda said it is offering a waiver of 0.25% in the existing applicable rates for Baroda Home Loans (under take over cases only) and Baroda Car Loans.
View: Besieged and embattled, Indian banks face a tough road ahead
Against these realities, many banks would face, in the next few years, a serious challenge in raising sufficient capital at reasonable price. Large private banks, having had a good run, will find it tough to keep their current pace of growth.
PSU banks relayed RBI rate cut better than private sector peers
The overall transmission has also been lesser than what the Reserve Bank of India would have desired even though deposits have been surging and the loans demand have been tepid.
RBI approves 3-member committee of directors to manage Lakshmi Vilas Bank
The development comes a few days after its shareholders rejected the appointment of seven directors, including the Managing Director, Chief Executive Officer and auditors at the annual general meeting.
Government pushes state-run banks to step up loans to street vendors, say sources
Several branches of state-run banks were open on Sunday to distribute loans, according to one banker and an email seen by Reuters.
SBI Card working on giving customers facility to see credit scores in login accounts: MD & CEO
"In terms of what I would do (here), what experience I have from the US, there are two three things which I can bring from the US. But we (SBI) did not have credit card as a product there. So therefore from a credit card perspective, which is only as a user in the US that I can try and bring some of the things.