Wednesday, February 1, 2023

Banks

‘Banks increase deposit rates, risk premia on loans not factored in’

Even as the commercial banks are increasing their interest rates on select deposits, the risk premia over their core funding cost are not factored in the credit risk, said a top economist of State Bank of India (SBI). In a...

Musk’s antics in Twitter deal make life super tough for banks

 Elon Musk's antics have made life tough for banks that are helping finance his takeover of Twitter, the media reported. According to a report in the Wall Street Journal citing sources, Morgan Stanley, Bank of America and Barclays are finding...

Banks gross NPA to improve to 4% by next fiscal: CRISIL

The gross non-performing assets (NPA) of the banks is expected to improved 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by next fiscal,...

SBI to raise up to Rs 7,000 cr via Basel-III AT1 bonds

State Bank of India (SBI) plans to raise up to Rs 7,000 crore, which includes Rs 5,000 crore in greenshoe through Basel-III Additional Tier-I bonds, market participants said. Bidding for the bonds will take place on Wednesday between 11 a.m....

As fraudsters get smarter, RBI, banks get busy plugging loopholes

Banking frauds have taken varied dimensions with the passage of time. With the advent of digital age and online transactions, however, fraudsters too have upgraded their skills and latched on to innovative methods to rob unsuspecting people of their...

HDFC raises home loan interest rate by 50 bps

New Delhi: Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its Adjustable Rate Home Loans (ARHL) are benchmarked -- by 50 basis points. The new rate will...

Here’s what experts have to say about RBI’s monetary policy outcome

The Reserve Bank of India on Wednesday raised the repo rate by 50 basis points to 4.9 per cent to tame the rising inflation, which has been now above RBI's 6 per cent tolerance level for four months in...

AIDA-SBI Gram Seva organizes ‘cultural mela’

Coinciding with the “World Day of Cultural Diversity for Dialogue and Development”, the AIDA-SBI Gram Seva organized “cultural mela” by bringing together the five adopted villages at Bade Village on Saturday.The mela was inaugurated by SDO Chumoukedima, Temsuchuba Jamir...

Discontent in banks, strikes in May-end

Bank employees are again on the warpath with several major unions of different banks threatening to go on a one or two-day strike in May-end, activists said here on Thursday.For starters, Central Bank of India staffers shall strike work...

Card-less cash withdrawal across all banks’ ATMs: RBI

In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs.Currently, card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks...