Tag Archives: Banks’

Support for Nifty at 10,777; PSU banks, media stocks to remain under pressure

Chandan Taparia Nifty index had a volatile Budget day but overall witnessed strong recovery of 400 points from recent swing low of 10,583 to 10,983 zones in last four sessions. It corrected from higher zones in the last week but again managed to attempt the same key hurdle area. It formed a Bullish candle on weekly while a High Wave ... Read More »

Yes Bank’s Rana Kapoor unlikely to contest for Chairman job – What we know so far

The bank has seen the exit of three independent board members, including Chawla, in November. Yes Bank Managing Director and CEO Rana Kapoor is unlikely to be in the fray for the post of chairman which fell vacant following the resignation of Ashok Chawla earlier this month, sources said Thursday. Besides, as Kapoor still remains the head of the bank ... Read More »

Banks or NBFCs: Where should you take your education loan from?

Graphic: Mint It is said that education is the biggest wealth that one can accumulate, but getting quality higher education is increasingly becoming expensive. However, people are still going ahead and funding their children’s education, often with the help of education loans. One indicator of higher spends on higher education is the average ticket size of education loans (see graph). ... Read More »

Public sector banks’ consolidation will not lead to job losses: Official

Any possible merger of public sector banks (PSB) will not lead to job losses, a senior government official said today. “No employee will lose job. That part has been taken care of,” the official said, adding that any probable consolidation among banks will eventually lead to reduction in credit risk concentration, increase competitiveness, and increase the lenders’ ability to extend ... Read More »

How FinTech Startups Are Transforming The Way Banks Function In Indonesia

Fintech startups in Indonesia have initiated a revolution the way financial institutions including banks in the country work. The fintech landscape of Indonesia has more or less followed the trajectory of the revolution India witnessed last year. India, November 2016. PM Modi launched a demonetisation drive to eradicate black money, fostering a new wave of digitisation in India. Consequently, there ... Read More »

TCS releases software kit for banks to make their own apps

Image: Shutterstock Tata Consultancy Services (TCS), India’s biggest and one of the world’s largest IT companies, has released a software kit that banks can use to quickly build their own mobile apps. The release reflects the larger effort among India’s biggest software services companies to turn themselves into vendors of smart software solutions that help customers solve business problems quickly, ... Read More »

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to them in July last year. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of ... Read More »

Notes Ban Impact: EMIs To Fall As SBI, Other Banks Cut Lending Rates

New Delhi: Top PSU lenders State Bank of India, PNB and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to priorities their lending towards the poor and middle class. The country’s largest lender, SBI, has reduced marginal cost of funds based lending rate (MCLR) ... Read More »

For Banks, Note Ban Could Bring Rs. 38,000 Crore In Treasury Windfall

Banks profitability has been hit owing to continued pressure on asset quality and weak loan growth. The note ban has the potential to drive big treasury gains for Indian banks, says a report from rating agency India Ratings. Banks are likely to see register Rs. 38,200 crore of potential treasury gains for the current financial year (2016-17) – their highest ... Read More »

Indian Banks May Raise $30 Billion Through Bonds By March 2019: Fitch

Banks need around $90 billion in extra capital by March 2019, says Fitch. New Delhi: Indian banks need around $90 billion additional capital by March 2019 and one-third of this amount is expected to be raised through bonds, according to a report by ratings agency Fitch. Indian banks are likely to become more active in the Additional Tier 1 (AT1) ... Read More »