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| 09 August, 2020, 02:43 AM IST | E-Paper
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    Banking

    Loan restructuring plan shows India's financial sector is short on capital and truth

    Whether the loan relief succeeds or fails, one thing is certain: India’s $1.4 trillion credit machine will be in stall mode until next March as restructuring “sucks up bankers’ bandwidth,” and the “scope for new credit creation dwindles,” says Nachiket Naik, head of corporate lending at Arka Fincap Ltd., a Mumbai-based financier.

    SBI chief, three MDs asked to interview for bank's top job; signs point to Rajnish extension

    While it would appear to be unprecedented for a chairman to be part of a panel to be interviewed for the position he already holds, it may, according to people familiar with the situation, send a message that the government prefers tried and tested hands in key positions instead of risking a new leader at a time when the financial system is facing unprecedented crises.

    Mauritius investor accuses IDBI Bank of derailing Siva Industries' sale

    A Mauritius-based investor has accused IDBI Bank of derailing the sale of Siva Industries and Holdings, the promoter company of C Sivasankaran, the former promoter of Aircel, at the National Company Law Tribunal (NCLT).

    ED's attachment of Chanda Kochhars' assets awaits final approval

    The provisional attachment of assets worth over Rs 78 crore of former ICICI Bank chief Chanda Kochhar and her businessman husband Deepak by the Enforcement Directorate (ED) is awaiting confirmation by the agency’s adjudicating authority.

    Will give up Indian assets, if bankruptcy plea comes through: Banks

    The State Bank of India led consortium, has told UK's chief insolvency and companies court that it will give up security over beleaguered Indian baron Vijay Mallya's Indian property (UBHL shares and other assets) in the event a bankruptcy order is passed in the UK.

    RBI asks banks not to open current accounts for customers having cash credit, overdraft facilities

    In a notification, the central bank said that rather than opening a new current account, all transactions should be routed through Cash Credit (CC) or OverDraft (OD) account.

    How does a bank restructure a loan? A banker explains RBI's spiel

    As per experts, RBI is yet to clarify on the type of personal loans that are eligible under this recast that aims to cushion the pandemic's blow on struggling businesses and households. Veteran banker Sanjay Thakur, who heads strategy at one of India's leading private lenders, helped us decode this financial spiel

    State Bank of India taps Facebook Messenger for ongoing #GharSeBanking campaign

    Social media giant Facebook said on Thursday that State Bank of India (SBI) has driven downloads and adoption for its YONO app, YONO Lite, SBI Quick, BHIM SBI Pay, and other online SBI platforms leveraging conversational marketing via Facebook Messenger.

    RBI allows one-time restructuring of loans. Here's what it means for businesses and individual borrowers

    Lending institutions have been asked to frame board approved policies to implement viable resolution plans for eligible borrowers under this framework.

    HDFC Bank delayed reports of repayment status of millions of borrowers: Experian to RBI

    One of India’s biggest credit bureaus, Experian Plc told the Reserve Bank of India in July that HDFC Bank has been late in providing details of its loans, including the repayment status of its millions of retail borrowers. Such tardiness has been an issue for about two years.

    Credit card debt shrinks nearly 10% in June quarter due to nationwide lockdown

    Credit card debt shrinks nearly 10% in June quarter due to nationwide lockdown

    The trend underscored the severity of the slump in consumption demand triggered by income uncertainty and risk aversion among banks that capped credit lines.

    Extension of moratorium and restructuring of loan could pose risk to lenders: ICRA

    Extension of moratorium and restructuring of loan could pose risk to lenders: ICRA

    Any further extension of moratorium on loan would be detrimental for banks and adversely impact their outlook, according to ratings firm Icra. The Reserve Bank is expected to make public its regulatory stance moratorium on loan repayment when it releases its vote on policy action on Thursday.

    Can create another middle-class in rural, says HDFC Bank founder CEO Aditya Puri

    Can create another middle-class in rural, says HDFC Bank founder CEO Aditya Puri

    The founder CEO of HDFC Bank, will hand over the reins to his colleague Sashidhar (Sashi) Jagdishan in October

    From tandoori chicken to thayir saadam: The most pronounced change at HDFC Bank's corner room

    From tandoori chicken to thayir saadam: The most pronounced change at HDFC Bank's corner room

    Sashidhar is a personality that’s contrasting to the ways of his boss. While aggression and ruthlessness are associated with Puri, Jagdishan is an iceberg, but powerfully persuasive.

    Best time to lend, confident on capacity to take risks: SBI Chairman Rajnish Kumar

    Best time to lend, confident on capacity to take risks: SBI Chairman Rajnish Kumar

    In an exclusive conversation with Saloni Shukla & MC Govardhana Rangan, Kumar also said that the bank was all open for business and would not hesitate to fill any good lending opportunities vacated by the private sector.

    Baptism by fire for new HDFC Bank CEO? Sashidhar Jagdishan's path is riddled with challenges

    Baptism by fire for new HDFC Bank CEO? Sashidhar Jagdishan's path is riddled with challenges

    Furthermore, the bigger personal challenge for the new CEO would be to step out of his predecessor's shadows and ensure that he takes his own decisions, especially with regards to credit and risk management - the USPs of HDFC Bank in a rather fragile lending industry beset with asset quality deterioration.

    BANKING STOCKS
    NSE
    BSE

    Company NameLatestChange%ChangeVolume
    HDFC Bank1043.853.150.312418816
    Kotak Mahindra Bank1342.52.40.182807078
    ICICI Bank357.95-0.8-0.2228512323
    State Bank of India190.65-0.3-0.1644822757
    Axis Bank433.30.30.0715570556
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