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Banks worry more about geopolitics than borrowing costs, survey shows

Geopolitical risks and supply-chain disruptions are major barriers to private sector capital expenditure growth. A survey indicates that banks anticipate over 9% growth in industrial credit in the coming months. Public sector banks exhibit greater concern over these risks compared to private and foreign banks. Key sectors expected to experience credit demand include infrastructure and auto components. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/g91NIdY via IFTTT
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India's growth momentum stays resilient despite global headwinds: RBI Deputy Governor Poonam Gupta

Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She discussed the importance of diversifying economic activities to mitigate risks and emphasized that food security remains stable amid El Nino. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uc538x0 via IFTTT
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India's GDP growth would have exceeded 8% but for recent global shocks: RBI Deputy Guv Poonam Gupta

Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She discussed the importance of diversifying economic activities to mitigate risks and emphasized that food security remains stable amid El Nino. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rWvTGPs via IFTTT
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Bandhan Bank denies acquisition talks with First Abu Dhabi Bank

Bandhan Bank has denied reports of acquisition-related discussions with First Abu Dhabi Bank, calling its reference in a news report factually "incorrect". The lender said it was not involved in any such discussions or proposal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AuHYQ2K via IFTTT
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Wary of RBI, banks back off from forex deals

The banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in US Treasury bills to earn higher returns. The transaction involved a buy-sell swap, where banks purchased dollars in the spot market and sold dollars in the forward market. The dollars generated through the swaps were deployed in US government papers, whose yields have risen in the past three months. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Blr5di2 via IFTTT
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SBI Chairman CS Setty sees discretionary credit demand moderating, expects 50 bps rate hike in December

SBI chairman CS Setty expects higher interest rates to moderate credit demand in rate-sensitive sectors, particularly discretionary spending. The bank forecasts another 50 basis points repo rate hike in December, followed by a pause. Setty said he sees no system-level concerns over retail asset quality, though highly leveraged households may face pressure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zUr7vAL via IFTTT
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FCNR(B) scheme has bought India 3-5 years, but $170 billion repayment cliff looms: Uday Kotak

Uday Kotak has described India’s $130-billion-plus FCNR(B) mobilisation as a “strong insurance policy” against global shocks, but warned that repayments including interest could reach $160-170 billion over the next three to five years. He said the buffer gives India time to strengthen its economy, but should not substitute for structural reforms, investment in technology and efforts to improve domestic competitiveness. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gah09iQ via IFTTT
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