PRIVATE SECTOR BANKS
Private banks increase provisions, but will it be enough?
Private banks have increased its provision coverage ratio (PCR) in the quarter ended March.
Bank credit grows 6.52 per cent to Rs 102.52 lakh cr; deposits up 10.64 per cent
The Reserve Bank of India (RBI), in a separate release, said...
Government announces technology push, boost to private sector in defence
On promoting indigenous defence production, the minister said budget...
RBI Governor meets MD & CEOs of public and private sector banks over video conference
Governor Shaktikanta Das chaired the meetings, which were also attended by deputy governors. Post lockdown credit flows, with special focus on credit flows to MSMEs has also been discussed.
PSBs outshine private peers in incremental loan growth
The government outreach programme organised in October last year to push credit in the economy may have contributed to higher loan growth for PSBs. Banks had disbursed over Rs 2.5 lakh crore of loans by conducting outreach camps and loan meals during the festive period.
Invest in private sector banks and open your eyes only after 3 years: Samir Arora
Founder of Helios Capital says he is not that bearish anymore as most problems are solvable.
Staff of top PSUs to soon join private sector peers in working from home
Some have started the process of identifying functions that can be done from home.
DPSU, private sector integration need of the day: Air Chief Marshal RKS Bhadauria
There has been an impact on the Rafale production as well as on the training side. We expect the first batch to come by end of July, Bhadauria on Rafale delivery.
Private sector banks safe, RBI tells chief secretaries
Apprehension on the safety of deposits in private banks is highly misplaced, the letter says asking chief secretaries.
PSU lenders offering better interest rates may lure home loan clients from private sector banks
“There is a significant difference not only between public sector and private sector banks’ interest rates but also between our repo-linked lending rate and MCLR rate,” said CS Setty, managing director at State Bank of India.
Nomura seeks new growth from private equity, private debt and startups
Nomura said current revenue from business with private companies was "not that big".
Organised private sector plans layoff, salary cut amid COVID-19 crisis: Report
Among the surveyed organizations, 73 per cent said they have plans to decrease the salary of employees, 57 per cent said this layoff is temporary, while 21 per cent said they are doing permanent layoffs for at least 2 years.
Next couple of quarters to be challenging for banking sector: Nilesh Shah
For now, 9,000-10,000 seems to be a reasonable range for Nifty, says the MD and CEO of Envision Capital.Next couple of quarters to be challe...
View: Private banks need to realign with emerging realities
By removing cross-border headaches, and giving clients an online platform to trade, a bank improves its operations and provides a niche competitive service to clients that rivals that of the online brokers.
RBI may raise promoter holding cap in private banks
RBI has been reworking the shareholding norms to ensure parity among all players.
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