Saturday, 25 June, 2022
TopicPrivate banks

Topic: private banks

HDFC to double retail loans as consumer demand picks, Covid uncertainty declines

HDFC's retail loans grew around 9.3 per cent slower than its overall book's 14.4% in the June quarter, much lower than SBI (16.5%) & ICICI (20%) growth in that portfolio.

Nirmala Sitharaman to meet CEOs of public sector banks on 25 August to review performance

Meeting is expected to take stock of banking sector, bad loans (NPAs), progress on restructuring RBI's 2.0 scheme. Banks may be nudged to push loan growth in productive sectors.

Private banks lending more than PSU banks as Indian economy recovers from Covid

Most recent data shows India’s top 3 private banks lent nearly 3 times the average industry rate in the quarter of March, while maintaining better asset quality than their state peers.

Only 1.6% loans to street vendors under PM SVANidhi so far have come from private banks

Of total loans disbursed to over 20 lakh street vendors until 29 March, PSBs gave loans to over 18 lakh applicants while private banks distributed loans to just 32,534.

India, Pakistan LoC peace commitment a relief but how long will it last?

ThePrint view on the most important issues, instantly.

Finance Ministry lifts embargo, permits all private banks to participate in govt business

This step is expected to further enhance customer convenience, spur competition and higher efficiency in the standards of customer services, an official statement said.

Let’s stop pretending. Indian banking sector needs to be mostly private to be healthy

It’s virtually written in the stars that private banks will continue to grab a bigger share than public banks. Two or three large, better-run govt banks should suffice.

Every 4 out of 5 small businesses opted for RBI’s moratorium, but asset quality in question

The latest data indicates the stress the MSME sector faced after the lockdown. The central bank has also warned of a sharp rise in bad loans.

In just 5 years, private banks have narrowed public sector’s huge lead in loans & deposits

Private banks’ market share in loans has risen to 36.04% in 2020 from 21.26% in 2015, while public sector banks’ share has gone to 59.8% from 74.28%.

India’s banking rules need to close the door to tycoon cronyism

Crony capitalism has built up slowly in India, emerging as a Frankenstein’s monster. Telecommunications to transportation, the landscape is starting to resemble a Monopoly board.

On Camera

YourTurn

PM Narendra Modi addresses the bureaucrats at Vigyan Bhawan | Photo: Praveen Jain| ThePrint

Modi govt’s assault on democracy is more sinister than the Emergency. Look at the differences

While the Emergency was brutal and sudden, Modi govt's moves are far more insidious and systemic and will undermine our society for a long time.
Credit: ThePrint team

‘All about helping Rajni’ — tech gurus at iSPIRT quietly power India’s digital revolution

With the fictitious Rajni from rural India as its guiding light, iSPIRT has been using internet & software to change structure of country’s economy, with aim to improve quality of life.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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