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Sunday, November 20, 2022

How goes the banking sector?

For the next two years, there should be more upside. Indeed, for most of the key credit measures one looks at for banks, things are on the up -- credit losses have normalised; NPAs are on the decline; higher interest rates are boosting net interest margins; and returns on average assets are recovering toward pre-pandemic levels.

from Banking/Finance-Industry-Economic Times https://ift.tt/KUuv13d
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NPCI in talks with RBI on UPI volume cap deadline

NPCI in November 2022 had proposed a 30 per cent volume cap for third-party app providers (TPAP) in a bid to avoid concentration risk.

from Banking/Finance-Industry-Economic Times https://ift.tt/qtH1F3S
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Banks increase EBLRs by 190 bps in tandem with RBI's repo rate hike

All major banks have increased their external benchmark-based lending rates (EBLRs) by 190 basis points in tandem with the hike in the Reserve Bank's policy repo rate since May this year, though they have been slow in raising the deposit rates. The Reserve Bank has hiked the key short-term lending rate (repo) by 190 basis points in four tranches since May to contain inflation.

from Banking/Finance-Industry-Economic Times https://ift.tt/0rRQkJG
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India is differently placed, at low risk of recession: RBI Guv

Reserve Bank of India Governor Shaktikanta Das said a synchronised tightening of monetary policy globally has progressively increased the risk of a hard landing, which is a recession to tame inflation. India, however, is differently placed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GnlDF2L
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Synchronised rate hikes can spark recession: Shaktikanta Das

The governor’s statement comes at a time when the UK chancellor Jeremy Hunt has acknowledged that the country is in recession. In the US, corporates are on a massive layoff drive as fears of recession loom. The European Central Bank also said that a recession in the 19 countries that use the euro has become more likely.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nfSTuw0
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