Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself

The methodology behind the BT-KPMG Best Banks Survey 2020

Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

The current capital adequacy levels in PSBs do not look too bad, but the current regulatory forbearance post Covid hides the real picture

The six large PSBs have just seen consolidation. While the integration of IT infrastructure, people and branches will be a big headache, the market will be looking at synergies and gains

Despite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Secretary Debasish Panda said

Dinesh Kumar Khara is taking over at a time when the overall economy is expected to shrink for the first time in the last four decades

The reform of public sector banks so far by Prime Minister Narendra Modi-led NDA government is a \"still-born effort,\" said former RBI governor Raghuram Rajan and former deputy governor Viral Acharya in a newly released research paper

The government owns 83-96 per cent stake in these six PSBs, including Bank of India, Central Bank, Bank of Maharashtra, Indian Overseas Bank, Punjab and Sind Bank and UCO Bank, with market value of Rs 58,000 crore as of July 2020

The standard advantage of a bad bank is that the entity taking a decision on the sale price is different from the entity accepting that price

Former deputy governor of Reserve Bank of India says idea that India'll somehow fix governance problems of PSBs won't work; I see only two parts that can work -- healthier banks can be floated in market and others should find niche business models that work, he says

Most bankers, including myself, believe that there is no need for a moratorium beyond August 31, says SBI Chairman Rajnish Kumar

The country continues to be poor despite all the efforts of many years and efforts to deepen financial access have also been met with limited success, he said

PSBs are unlikely to get timely and adequate capital from fiscally constrained government, so they are looking at raising capital to create buffer for impending NPAs

Nonetheless, collective bad loans of the public sector entities saw a decline of 2.5 per cent last fiscal. The gross NPA ratio of the country's largest public sector lender SBI was down 138 basis points year-on-year, at 6.15 per cent

With reports of possible stake sale to a SBI-led consortium doing the rounds, embattled YES Bank has stoutly denied being in the know of any such development

\"Reduction of corporate tax rate is a first supply side move to get private investment back; for many years, India was disproportionally dependent on consumption driving economic growth and not investment. On demand side, we need to get more confidence,\" says Kotak

Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI

State-owned public sector banks need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI says

This is primarily due to change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, RBI said in its Financial Stability Report