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Latest from banking system

RBI may have to infuse ₹1 Lakh crore by March to maintain liquidity, SBI says

The report highlighted that systemic liquidity remains tight, with a deficit of approximately ₹1.6 lakh crore as of the end of February.

business

Published on Mar 04, 2025 10:50 AM IST

ANI |

Bengaluru techie loses ₹68 lakh to fraudsters by trying to sell his bed online

This is said to be one of the biggest reported online lootings in recent times.

Bengaluru techie loses <span class='webrupee'>₹</span>68 lakh to fraudsters by trying to sell his bed online

cities

Published on Dec 16, 2023 12:34 PM IST

ByHT News Desk

Cleaning up of NPA mess will propel the economy

The banking sector has made significant progress in addressing the NPA crisis representing a shift towards a more transparent and responsible financial future.

The NPA situation in India before 2014 was severe. (Getty Images/iStockphoto)

opinion

Published on Jul 24, 2023 09:33 PM IST

ByShehzad Poonawalla, Sandeep Mishra

A pragmatic move by RBI

The rate hike pause was likely triggered by global uncertainties but will provide relief

And at a time when rapid rate tightening — the interest rate has gone up by 2.5 percentage points since May — has especially pinched retail borrowers, the pause should provide some relief. (Mint)

editorials

Published on Apr 06, 2023 07:34 PM IST

ByHT Editorial

Number theory: Understanding the new American banking crisis

A latest study published to the Social Science Research Network on March 13 estimated that the individual US banks' assets have lost an average of 10% of their market value during the Fed's rapid rate-hike campaign, with the bottom fifth percentile experiencing a decline of about 20%.

A security guard stands outside of the entrance of the Silicon Valley Bank headquarters in Santa Clara, California, U.S.(REUTERS)

business

Updated on Mar 27, 2023 01:50 PM IST

ByPavitra Kanagaraj

‘Crypto-friendly’ Signature Bank’s closure another blow to industry

The shutdown comes soon after the twin collapses of Silvergate Capital Corp. and Silicon Valley Bank. All the banks were, at least at one point, counted among the US’s most crypto-friendly financial institutions.

A branch of Signature Bank is photographed, late Sunday.(AP)

business

Published on Mar 13, 2023 08:04 AM IST

Bloomberg | | Posted by Nisha Anand

A week of mayhem: Two US banks collapse back-to-back, are more failures looming?

The collapse of Silvergate Capital Corp. and SVB Financial Group is closedly watched. SVB’s abrupt demise — the biggest in more than a decade — has left legions of Silicon Valley entrepreneurs in the lurch and livid.

Police officers leave Silicon Valley Bank's headquarters in Santa Clara, California.(AFP)

business

Published on Mar 11, 2023 11:14 AM IST

Bloomberg | | Posted by Singh Rahul Sunilkumar

Budget 2023: FM Sitharaman's past key budget announcements on banking

Like the previous two Union Budgets, the Union Budget 2023-24 will also be delivered in paperless form whose preparation commenced on October 10, 2022.

Finance Minister Nirmala Sitharaman during Budget 2022.

business

Published on Jan 30, 2023 11:16 PM IST

ByShobhit Gupta

Israel's second digital bank gets regulatory go-ahead

Israel's banking system is highly concentrated and run by a handful of banks, with the two largest controlling more than half the assets in the sector.

In the era of most iconic inventions, digital banking has been the most significant emergence as a result of technological breakthroughs.

business

Published on Dec 25, 2022 10:16 PM IST

Reuters | | Posted by Singh Rahul Sunilkumar

BC Sakhis: Unlocking rural women’s banking potential

The article has been authored by Kalpana Ajayan, regional head and Ajit Agarwal, lead, strategic partnerships & policy, Women’s World Banking, South Asia.

The government launched the Mission One Gram Panchayat, One BC Sakhi programme in 2019 aiming to create a pool of 1.25 lakh trained and certified women Self Help Group (SHG) members as BC Sakhis. (Shutterstock Photo)

ht insight

Published on Nov 25, 2022 01:47 PM IST

ByHindustan Times

Piyush Goyal calls Insolvency and Bankruptcy Code ‘gamechanger reform’

Union minister Piyush Goyal said the IBC has brought about a marked shift in attitudes of lenders and borrowers, acting as an effective deterrent against unscrupulous borrowers and imparted banks the tool to follow due diligence and confidence about recovery.

Union minister Piyush Goyal listed out five guiding principles for insolvency professionals. (File photo)

india news

Published on Nov 25, 2021 08:52 PM IST

Byhindustantimes.com, New Delhi

Non-performing loans in banking sector to rise in next 12-18 months: Report

It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of Non-performing loans (NPL) to total loans declined consistently so far this year.

In its report titled “The Stress Fractures In Indian Financial Institutions”, S&P said with loan repayment moratoriums having ended on August 31, 2020, NPLs in the banking sector will likely shoot up to 10-11 per cent of gross loans in the next 12-18 months.

business

Updated on Nov 24, 2020 01:26 PM IST

New Delhi | ByPress Trust of India | Posted by Shankhyaneel Sarkar

Fintech lending company CASHe partners with WebEngage to power their user engagement

CASHe, India’s fastest growing app-based lending platform that provides financing to working millennials, has tied-up with marketing automation platform WebEngage to power their user engagement across web and mobile.

brand post

Updated on Oct 20, 2020 04:47 PM IST

ByHT Correspondent

Lenders question RBI’s loan exposure definition

Senior bankers said PSBs, which collectively are the biggest lenders of working capital and term loans to corporates, tend to lose out to private peers both in domestic and foreign cash management business.

RBI’s August 6 circular says borrowers with more than Rs 50 crore exposure to the banking system need to have an escrow mechanism and only banks managing such escrow can open current accounts.(REUTERS)

business

Published on Aug 13, 2020 06:17 AM IST

Hindustan Times, Mumbai | ByGopika Gopakumar and, Mumbai

PM Modi meets stakeholders from banks, NBFCs to discuss roadmap for future

The meeting discussed the crucial role of the financial and banking system of supporting growth, the Prime Minister’s Office (PMO) said

Prime Minister Narendra Modi ‘s meeting with bankers focused on a roadmap for the future to ensure stable credit growth.(PTI)

business

Published on Jul 29, 2020 10:55 PM IST

Hinduistan Times, New Delhi | ByHT Correspondent

SC refuses to change Cheque validity period for lockdown

In a suo moto petition, the court took up the period of limitation expiring under various laws that could possibly be hit due to the present Covid-19 situation across the country which had forced several parts of the country to come under lockdown.

The court agreed to grant concessions under other statutes.(Biplov Bhuyan/HT PHOTO)

india news

Published on Jul 11, 2020 04:45 AM IST

Hindustan Times, New Delhi | ByAbraham Thomas, New Delhi

‘PMC officials hid fraud loans’: RBI to Bombay HC

The banking regulator said access codes were given to “problematic accounts” to ensure “restricted visibility”, and these accounts could be accessed only by 25 of the bank’s 800 employees.

An annual inspection of crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank has revealed that some bank officials had tampered with the lender’s core banking system to hide fraudulent loan accounts of real estate developer Housing Development and Infrastructure Limited (HDIL), the Reserve Bank of India (RBI) told the Bombay high court.(Reuters image)

cities

Updated on Nov 20, 2019 05:26 AM IST

Hindustan Times, Mumbai | ByKanchan Chaudhari, Mumbai

Dubai is flouting biggest taboo of an economy without brakes

Some developers are already holding off on planned projects. Two of Dubai’s homegrown billionaires are now calling for a pause to new development. Khalaf Al Habtoor, who once added 1,600 hotel rooms to the city through one project, said the market is saturated.

Two of Dubai’s homegrown billionaires are now calling for a pause to new development.(Bloomberg)

real estate

Updated on Nov 10, 2019 08:41 AM IST

Bloomberg | ByZainab Fattah

No proposal to launch gold amnesty scheme: Report

The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding without risk of being prosecuted.

Reports indicated that scheme would try to overcome limited success of an earlier amnesty scheme Pradhan Mantri Garib Kalyan Yojana (PMGKY), also known as IDS-II, launched in 2017, post-the demonetisation exercise.(PTI)

business

Updated on Oct 31, 2019 04:29 PM IST

New Delhi | ByPress Trust of India

Haven’t heard about liquidity as a problem from anybody: Nirmala Sitharaman

India’s economic growth is expected to recover in the last two quarters of the current financial year since consumer demand is expected to pick up during the festive season, the finance minister added.

Private sector lenders have said there is no liquidity crisis in the banking system and they are willing to participate in loan festivals meant to boost consumption ahead of the festival season, Union finance minister Nirmala Sitharaman said on Thursday.(ANI Photo)

business

Updated on Sep 27, 2019 02:03 AM IST

New Delhi | ByRajeev Jayaswal

World’s worst bad-loan mess set to worsen on India’s cash crunch

More than 2.4% of total loans in India’s banking system may be under stress on top of the 9.6% bad debt ratio as of June, the highest among major economies, Credit Suisse estimates shows.

India has announced a slew of measures including merging weak state-run banks with stronger ones in recent weeks to reverse the economic slowdown and avoid a surge in bad loans.(PTI)

business

Updated on Sep 09, 2019 12:24 PM IST

Bloomberg | ByRahul Satija and PR Sanjai

Strategy a must to meet 5-tn target: Manmohan Singh

The Rajya Sabha MP from Rajasthan said the country needs principled, knowledgeable and visionary leaders in times to come to strengthen democracy.

cities

Updated on Sep 08, 2019 06:07 AM IST

Jaipur | ByPress Trust of India

Care Ratings says 17 banks have bad loan ratio above 10%

Three private banks had NPA of less than 2% and eight had between 2-5% and five between 5-10%. IDBI Bank, UCO Bank and Indian Overseas Bank had NPA ratio of above 20% and one was very near at 19.9%.

Gross NPAs of a set of 36 banks increased to <span class='webrupee'>₹</span>8.97 lakh crore in June 2019.(Hemant Mishra/Mint)

business

Updated on Sep 04, 2019 01:43 PM IST

livemint, Mumbai | ByShayan Ghosh

India’s sick economy needs Nyay medication

The BJP government should not reject a good and timely idea purely on the basis of who came up with it

The poorest 50 million Indian families still earn a meagre <span class='webrupee'>₹</span>6,000 a month(REUTERS)

analysis

Published on Aug 19, 2019 09:08 PM IST

ByPraveen Chakravarty

How to track your unclaimed deposit

All banks are supposed to list on their websites unclaimed deposits and accounts that are inactive for more than 10 years.

you will have to submit an application to the branch where the account is maintained.(Illustration: Unikrishnan AV)

business

Published on Jul 30, 2019 02:08 PM IST

Hindustan Times, Mumbai | ByHT Correspondent, Mumbai

Forensic audit detects 38 billion rupee fraud, says Punjab National Bank

PNB has been defrauded of over $2 billion in a separate scam that came to light last year.

Bhushan Power and Steel, one of India’s most indebted companies, was among the first 12 companies referred by the RBI India to a bankruptcy court for a debt resolution process under India’s new insolvency law.(PTI)

business

Updated on Jul 07, 2019 10:33 AM IST

Mumbai | ByReuters

Time to raise women’s share in economy: Economic Survey

In addition, the Survey highlights several positive changes in the social and health sectors such as an increase in the participation of women in the banking system, the declining maternal mortality ratio (MMR), among others.

The Survey also says that the proportion of women having a bank or savings account that they themselves use have increased from 15.5% in 2005-06 to 53% in 2015-16.(HT Photo)

budget

Updated on May 28, 2020 06:23 PM IST

New Delhi | ByHT Correspondent

‘NBFCs need scrutiny, failure can cause losses’: RBI

Non-bank lenders have seen their source of funds suddenly dry up after a series of defaults by Infrastructure Leasing & Financial Services Ltd that triggered a liquidity crisis.

Banks and mutual funds reduced lending to NBFCs and HFCs, creating a cash crunch and forcing the shadow lenders to sell assets and cut back on new loans. (Photo by Aniruddha Chowdhury/Mint)

business

Published on Jun 28, 2019 07:13 AM IST

Hindustan Times, Mumbai | ByShayan Ghosh

With no official nod for halal funds, money scams arise

Some finance experts have been campaigning for the formal recognition of Islamic banking, arguing that it will bring more Muslims into the financial mainstream

Investors register their complaints against IMA (I Monetary Advisory) jewellery fraud at a temporary police post set up at Shivajinagar, in Bengaluru on June 12.(PTI)

cities

Updated on Jun 23, 2019 11:57 PM IST

Hindustan Times | ByManoj R Nair

The Union budget must incentivise long-term household savings

The main challenge is not the unavailability of savings but the composition of savings and the intermediation to channel savings into investment. There is a deep link between tax incentives and household savings in pension and insurance.

Man counting college savings fund, tuition fee or student loan with calculator. Education price and expenses concept. Money and papers on table. Calculating budget and planning finance.(Getty Images/iStockphoto)

analysis

Published on Jun 14, 2019 08:40 AM IST

ByIla Patnaik

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banking system news

Latest from banking system

The report highlighted that systemic liquidity remains tight, with a deficit of approximately ₹1.6 lakh crore as of the end of February.

This is said to be one of the biggest reported online lootings in recent times.

The banking sector has made significant progress in addressing the NPA crisis representing a shift towards a more transparent and responsible financial future.

The rate hike pause was likely triggered by global uncertainties but will provide relief

A latest study published to the Social Science Research Network on March 13 estimated that the individual US banks' assets have lost an average of 10% of their market value during the Fed's rapid rate-hike campaign, with the bottom fifth percentile experiencing a decline of about 20%.

The shutdown comes soon after the twin collapses of Silvergate Capital Corp. and Silicon Valley Bank. All the banks were, at least at one point, counted among the US’s most crypto-friendly financial institutions.

The collapse of Silvergate Capital Corp. and SVB Financial Group is closedly watched. SVB’s abrupt demise — the biggest in more than a decade — has left legions of Silicon Valley entrepreneurs in the lurch and livid.

Like the previous two Union Budgets, the Union Budget 2023-24 will also be delivered in paperless form whose preparation commenced on October 10, 2022.

Israel's banking system is highly concentrated and run by a handful of banks, with the two largest controlling more than half the assets in the sector.

The article has been authored by Kalpana Ajayan, regional head and Ajit Agarwal, lead, strategic partnerships & policy, Women’s World Banking, South Asia.

Union minister Piyush Goyal said the IBC has brought about a marked shift in attitudes of lenders and borrowers, acting as an effective deterrent against unscrupulous borrowers and imparted banks the tool to follow due diligence and confidence about recovery.

It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of Non-performing loans (NPL) to total loans declined consistently so far this year.

CASHe, India’s fastest growing app-based lending platform that provides financing to working millennials, has tied-up with marketing automation platform WebEngage to power their user engagement across web and mobile.

Senior bankers said PSBs, which collectively are the biggest lenders of working capital and term loans to corporates, tend to lose out to private peers both in domestic and foreign cash management business.

The meeting discussed the crucial role of the financial and banking system of supporting growth, the Prime Minister’s Office (PMO) said

In a suo moto petition, the court took up the period of limitation expiring under various laws that could possibly be hit due to the present Covid-19 situation across the country which had forced several parts of the country to come under lockdown.

The banking regulator said access codes were given to “problematic accounts” to ensure “restricted visibility”, and these accounts could be accessed only by 25 of the bank’s 800 employees.

Some developers are already holding off on planned projects. Two of Dubai’s homegrown billionaires are now calling for a pause to new development. Khalaf Al Habtoor, who once added 1,600 hotel rooms to the city through one project, said the market is saturated.

The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding without risk of being prosecuted.

India’s economic growth is expected to recover in the last two quarters of the current financial year since consumer demand is expected to pick up during the festive season, the finance minister added.

More than 2.4% of total loans in India’s banking system may be under stress on top of the 9.6% bad debt ratio as of June, the highest among major economies, Credit Suisse estimates shows.

The Rajya Sabha MP from Rajasthan said the country needs principled, knowledgeable and visionary leaders in times to come to strengthen democracy.

Three private banks had NPA of less than 2% and eight had between 2-5% and five between 5-10%. IDBI Bank, UCO Bank and Indian Overseas Bank had NPA ratio of above 20% and one was very near at 19.9%.

The BJP government should not reject a good and timely idea purely on the basis of who came up with it

All banks are supposed to list on their websites unclaimed deposits and accounts that are inactive for more than 10 years.

PNB has been defrauded of over $2 billion in a separate scam that came to light last year.

In addition, the Survey highlights several positive changes in the social and health sectors such as an increase in the participation of women in the banking system, the declining maternal mortality ratio (MMR), among others.

Non-bank lenders have seen their source of funds suddenly dry up after a series of defaults by Infrastructure Leasing & Financial Services Ltd that triggered a liquidity crisis.

Some finance experts have been campaigning for the formal recognition of Islamic banking, arguing that it will bring more Muslims into the financial mainstream

The main challenge is not the unavailability of savings but the composition of savings and the intermediation to channel savings into investment. There is a deep link between tax incentives and household savings in pension and insurance.

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