Posts

Bank CASA ratio falls to two-year low of 37.9% in December quarter: RBI Data

Low-cost bank deposits have fallen to a two-year low. This trend increases borrowing costs for banks. Savers are moving money to higher-return options like stocks and gold. Bankers anticipate an improvement as global uncertainty grows. This shift impacts bank profits and forces reliance on costlier funding sources. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5egLmCf via IFTTT
Post a Comment
Read more

PNB officers' union flags large-scale transfers of Scale IV officers, seeks review

The All India Punjab National Bank Officers' Association has written to the bank's managing director. They are requesting reconsideration of mass transfers for Scale IV officers and above. The union states these transfers will disrupt operations and impact the performance of the country's second-largest public sector lender. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1ISzrJW via IFTTT
Post a Comment
Read more

Dubai regulator probe found HDFC’s DIFC branch kept quiet for 5 years, failed to meet integrity standards

Banks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding is at odds with bank CEO's statement that these were technical lapses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oFYy7Ah via IFTTT
Post a Comment
Read more

AIBEA writes to FM seeking probe into HDFC Bank matter after chairman's exit

The AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders and also the general public to feel reassured, and hence sought Sitharaman's intervention in the matter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/F4danEz via IFTTT
Post a Comment
Read more

RBL Bank gets RBI nod for Emirates NBD stake buy; Sebi approval awaited

RBL Bank has secured crucial approval from the Reserve Bank of India for its deal with Emirates NBD Bank. This clearance is expected to initiate a mandatory open offer to shareholders as early as next week. Emirates NBD Bank is set to acquire a majority stake in RBL Bank, marking a significant foreign investment in an Indian lender. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kGywemt via IFTTT
Post a Comment
Read more

RBI tightens forex derivatives norms to steady rupee amid volatility

The Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts to clients. This move aims to support the Indian rupee. The new regulations also prevent banks from rebooking derivative contracts and dealing with related parties. These measures are effective immediately and could impact banks and corporate treasuries. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T6cjDQO via IFTTT
Post a Comment
Read more

Delhi HC declines stay on PSB incentive scheme

The Delhi High Court has declined to halt the 2024 performance-linked incentive scheme for senior public sector bank officials. Bank employee unions challenged the scheme, arguing it unfairly benefits a small percentage of the workforce and contradicts bipartite settlements. The court has requested responses from the government and the Indian Banks Association. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ADtTFys via IFTTT
Post a Comment
Read more