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Banking
RRB employees to observe one-day strike on September 27 against govt's divestment plan
The central government holds 50% in each of the RRBs while their respective sponsor banks hold 35%. The balance 15% in RRBs is held by the respective state governments according to their areas of operation. For example, West Bengal has three RRBs within its boundary and the state holds 15% in each of these banks.
HDFC sells part of invoked shares of Ansal Housing to recover dues
"In this connection, we wish to inform you that out of this, the Corporation has in aggregate sold 12,67,504 shares, representing 2.13 per cent of the paid-up share capital of Ansal, including 1,57,939 shares representing 0.27 per cent of the paid-up share capital of Ansal which were sold on September 24, 2021," HDFC said in a regulatory filing.
HDFC Bank most outstanding company in India: Asiamoney 2021 Poll
The poll aims to identify and recognise publicly listed companies in 2 categories: by country and by sector, in which it operates. Over 1,070 fund managers, analysts, bankers, and rating agencies took part in the voting which concluded on July 16, 2021.
Loan recovery improving, says Ujjivan Small Finance Bank
The bank said its action plan aiming to improve asset quality started yielding results. The portfolio at risk (PAR) reduced to 21.7% from 30.8% in June with Rs 725 crore loan recovery. PAR was 25.2% in July. The lender's collection efficiency improved to 95% in August from 93% in July, according to a regulatory filing to stock exchanges..
Govt guarantee to NARCL to help in development of secondary market for security receipts: SBI chief
"The SRs (issued by NARCL) are going to be guaranteed by the government, which actually will lend a lot of credibility to these SRs and perhaps it will lead to the development of the secondary market for SRs," Khara said at a virtual event organised by Bengal Chamber of Commerce and Industry.
RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank
The penalty was imposed after considering the bank's reply to the notice, additional submissions and oral submissions made during personal hearing, RBI said.
Mispricing of risks a concern: SBI chairman Dinesh Kumar Khara
SBI chairman Dinesh Kumar Khara said that idea of bad bank is different from what used to be asset reconstruction companies in the past.
Survey finds over two-thirds of customers willing to switch to digital-only bank
Approximately 4,000 respondents were surveyed by McKinsey as part of a global report, which came at a time when digitalisation is growing and a slew of 'neo-banks' are coming up.
Yes Bank asks Dish TV to call EGM to reconstitute board
The Essel group Direct-to-Home service provider had week sought an extension citing time required for any change in the CEO or the board of directors of the company, as it needs the approval of the Ministry of Information and Broadcasting.
Bank deposits rise 12 per cent in FY21 on higher CASA growth: RBI data
Bank credit also rose by 6.7 per cent to Rs 109.12 lakh crore in the fortnight ended September 10, RBI data showed. In the fortnight ended August 27, 2021, bank credit had increased by 6.67 per cent and deposits by 9.45 per cent.
Citi raises target price on HDFC Bank
Citi said most of these concerns should get addressed starting from the second quarter of FY22. The brokerage has raised target price to Rs 1,900 from Rs 1,800 and retained a buy rating on HDFC Bank shares.
BharatPe appoints Nehul Malhotra as head of consumer lending
In his previous stint, Nehul Malhotra was executive director at Russell Reynolds Associates. He has an in-depth understanding of fintech, having spent 4.5 years at Paytm. During his stint at Paytm, he held multiple roles including head of customer service, head - payments merchant management and head - seller onboarding for Paytm Mall.
Govts must accept what they don’t do well, like banking: Jamie Dimon
There would be vibrant banks, he said, if the government got it right on transparency, rule of law, ability to operate governance and accounting. On being asked whether his plans for India changed with the pandemic, Dimon replied his company was in the country for the long run.
Short of lending targets, banks seek priority sector tag for retail, infrastructure
Banks have reached out to the government seeking priority sector tag for retail trade and infrastructure.
RBL Bank MD Vishwavir Ahuja gets nearly all votes at AGM for 4th term
According to the results of the voting held at the September 21 annual general meeting, as much as 99.94 per cent of shareholders who participated in the voting favoured his reappointment as the managing director and chief executive of the mid-sized lender.
Axis Bank commits Rs 30,000 cr till FY26 towards sustainable lending
"As part of its commitments, the bank has set a target of incremental lending of Rs 30,000 crore over the next 5 years, under wholesale banking towards pertinent sectors included in its Sustainable Financing Framework (SFF)," Rajesh Dahiya, Executive Director (Corporate Centre), Axis Bank told PTI.
BANKING STOCKS
NSEBSE
NSE
BSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| HDFC Bank | 1601.55 | 31.55 | 2.01 | 10403351 |
| ICICI Bank | 722.95 | 5.95 | 0.83 | 11780868 |
| State Bank of India | 440.75 | -9.05 | -2.01 | 10731274 |
| Kotak Mahindra Bank | 2028.1 | 4.1 | 0.2 | 2114888 |
| Axis Bank | 798.05 | -14.1 | -1.74 | 5184626 |
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