banks - Latest News, Analysis, Opinion

Rural banks and city-based banks need to collaborate effectively to bridge the credit gap and promote financial inclusion in rural areas, says expert

Global Central Banks To Remain Data Dependent As They Battle Elevated Inflation

According to the CME FedWatch tool, markets are now anticipating an 84 per cent likelihood of a 25 bps rate hike by the Fed in the upcoming July 2023 meeting

Two-thirds Of Economists, Major Banking Leaders Think US Not Going To Have Recession: Biden

World

Consumers are already cutting back on spending to a level that is consistent with two per cent inflation, Moynihan said, citing Bank of America customer data

NHPC To Seek Japanese Banks Loan For Solar Power Expansion

Energy & Infra

The company is in talks with Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and the Japan Bank for International Cooperation for the loan

Banks Set For 10-20 Bps Compression In NIMs This Fiscal: Report

The return on assets to be steady at 1.1 per cent as lower credit costs provide an offset, according to the Crisil

RBI May Tighten Banks’ Unsecured Lending Norms

Unsecured loans – mostly personal loans and credit cards – do not carry any collateral and therefore pose a higher risk of default and these loans, however, are a big contributor to margins as they entail higher interest rates

Banks With Lowest Personal Loan Interest In India

Choosing a suitable personal loan plan is necessary for avoiding loan repayment problems in the future

Banks Should Work Towards Banking Unbanked: MoS Finance

The minister called for increasing bank penetration in rural areas. He directed banks to reduce the waiting period for loan disbursement, a release said

Big US Banks Beat Earnings Expectations On Higher Interest Rates

The results gave the first indicator of how JPMorgan and its peers are faring since the March failures of midsize lenders Silicon Valley Bank and Signature Bank

PSB Announces Have Written-off ₹91,000 Crore In 9 Months Of FY23

Another set of data underlined the PSBs managed to recover a little over Rs 1 out of Rs 5 in written-off accounts for the financial year 2022, picking up a pace of recovery from around 8 per cent in 2017-18 to a little over 21 per cent in FY22

RBI Directs Banks To Make Extra Provisions For Top 20 Companies

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

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