Page 2 - Banking Central News Today

Banks must stop pressuring junior executives to engage in relentless cold calling to sell loans that customers do not need or peddle complex investment products that clients do not fully understand

There have been a number of cases in recent past where the erring banks and non-banks have faced the regulator’s wrath for rule violations. Clearly, the RBI is not comfortable with this pattern and wants to act early

The higher-than-expected growth number and a moderation in core inflation offer comfort to the MPC. Yet, the panel is likely to stay cautious on the inflation-front. Here’s why

Pharma has emerged as the real star this earnings season, but banks are poised to join the rally soon as NIM pressure is behind them. Expect IT earnings to bottom out in the next one to two quarters, he said.

With the latest move, the RBI has given a clear cue to all digital lenders to get their act together

While there is significant improvement on the reported NPA numbers, much of this is due to large-scale write-offs

Contradictory statements on BoB’s former digital head’s exit indicate not all was well within the bank

Ministry of Electronics and Information Technology has recommended that Reserve Bank of India design a detailed Know Your Digital Finance App (KYDFA) process that companies have to undertake before they access the Indian banking system

Vaswani coming on board will enable the Mumbai-based bank to progress on its digital journey and set eyes on global markets. But there are immediate challenges as well..

According to Swiss brokerage UBS Securities, increasing default risks in retail unsecured loans of banks is likely to push up their credit losses by 50-200 bps.