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India's banking sector poised for double-digit credit growth despite macroeconomic challenges

India's banking sector exhibits confidence in achieving sustained double-digit credit growth across various segments. Demand for retail and SME lending is primarily driving this credit growth, according to the FICCI-IBA Bankers' Survey. Respondents show optimism about the emerging revival in private-sector capital expenditure and improved asset quality. A significant majority anticipates that both retail loans and SME credit will continue to grow robustly. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wV2rZJi via IFTTT
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Bandhan Bank to face a Rs 200 crore hit from insurance norm change

Facing an anticipated Rs 200 crore dip in income from proposed cuts to insurance commissions, Bandhan Bank's managing director, Partha Pratim Sengupta, warns of potential ripple effects across the banking industry. To counter these challenges, the bank is set to reshape its business model and focus on enhancing mutual fund distribution. Moreover, its limited exposure to drought-impacted regions in Karnataka and Maharashtra helps mitigate overall financial risks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fGbPMKW via IFTTT
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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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