A study has found that the govt's consolidation of #PSBs cannot be explained on efficiency grounds and that the merger of these #banks was actually weakening the #banking system.
Read at 👇
https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/merger-of-govt-owned-lenders-weakening-banking-system-says-study-8546081.html?utm_source=telegram&utm_medium=social
Moneycontrol
Merger of govt-owned lenders weakening banking system, says study
Taking the example of Oriental Bank of Commerce, the study found no economic reason for its merger with Punjab National Bank as the efficiency of the former was increasing ahead of the union in 2020.
The collective net profit of 12 state-run banks for the last financial year, which ended on March 31, 2022, was almost equal to the total frauds reported in the #banking system during the same period.
Read more about it 👇
https://www.moneycontrol.com/news/business/state-run-banks-net-profit-almost-equals-reported-frauds-in-banking-sector-in-fy22-8603901.html?utm_source=telegram&utm_medium=social
Read more about it 👇
https://www.moneycontrol.com/news/business/state-run-banks-net-profit-almost-equals-reported-frauds-in-banking-sector-in-fy22-8603901.html?utm_source=telegram&utm_medium=social
Moneycontrol
State-run banks’ net profit almost equals reported frauds in banking sector in FY22
According to the Reserve Bank of India’s annual report released on May 27, banks reported 9,103 frauds in FY22, involving Rs 60,414 crore. Interestingly, the total net profit of 12 state-run banks during FY22 stood at Rs 66,541 crore
Have you checked out #MCMinis yet? 🤔
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#ForeignCurrency #RBI #Banking
They are quick explainers or short insights on topics that matter! They fit into the screenshot of your phone. 📲 It is that easy and fast! ⚡
Start exploring: http://moneycontrol.com/news/mcminis
#ForeignCurrency #RBI #Banking
The cost-benefit calculation of privatisation is net- positive because #India should not be using the #banking system to drive social objectives & turn instead to other instruments of policy, former #RBI governor Duvvuri Subbarao said.
Read the full interview 👇
https://bit.ly/3cxzgGy
Read the full interview 👇
https://bit.ly/3cxzgGy
Moneycontrol
Privatisation may make banks more efficient, but will compromise on social objectives, says former RBI governor D Subbarao
The cost-benefit calculation of privatisation is net- positive because India should not be using the banking system to drive social objectives and turn instead to other instruments of policy, Subbarao says.
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On #MorningTrade 🔥 LIVE NOW!
👉We take #stock of the #banking pack after most private banks report a stellar set of numbers in the 2nd quarter.
👉Also on the show - a look at the stocks in the spotlight today: #RIL, #ITC & #TataConsumer.
🔗https://www.youtube.com/watch?v=2zGLTy4AbAQ
👉We take #stock of the #banking pack after most private banks report a stellar set of numbers in the 2nd quarter.
👉Also on the show - a look at the stocks in the spotlight today: #RIL, #ITC & #TataConsumer.
🔗https://www.youtube.com/watch?v=2zGLTy4AbAQ
Sudarshan Chair, Executive Director, and Head of Business Banking at DBS Bank India shares his expectations on the banking sector performance for 2023.
After the completion of the merger and banking services from Laxmi Vilas Bank, DBS Bank India is hoping for a year of growth. Bullish for SME and business banking in 2023, Chari said that for DBS Bank India, there is scope for growth and newer market reach.
🔴 Live @ 11.30 AM
https://www.youtube.com/watch?v=d8ugEhhnV4Q
#Banking
After the completion of the merger and banking services from Laxmi Vilas Bank, DBS Bank India is hoping for a year of growth. Bullish for SME and business banking in 2023, Chari said that for DBS Bank India, there is scope for growth and newer market reach.
🔴 Live @ 11.30 AM
https://www.youtube.com/watch?v=d8ugEhhnV4Q
#Banking
YouTube
LIVE | What To Expect For The Business Banking Sector In 2023
Sudarshan Chair, Executive Director, and Head of Business Banking at DBS Bank India shares his expectations on the banking sector performance for 2023. After the completion of the merger and banking services from Laxmi Vilas Bank, DBS Bank India is hoping…
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#Budget2023WithMC | As Nirmala Sitharaman presents her fifth union budget, Moneycontrol takes a look at some of the key measures for #banking sector in the previous budgets and the progress of implementation.
Read here 👇
shorturl.at/qrvRS
Read here 👇
shorturl.at/qrvRS
Moneycontrol
Budget 2023: Here's a look at FM Sithraman's key banking sector announcements in the past
The government has unveiled key initiatives for the banking sector in recent years that include Insolvency and Bankruptcy Code reforms, bank privatization and the Central Bank Digital Currency. How far has implementation of these announcements progressed?
#Budget2023WithMC | Former finance secretary Subhash Chandra Garg shared his #budget wishlist for the #banking sector. He discussed expansion of DBUs, role of digital lending apps, & the recent fall in #crypto market.
Watch 📹
https://www.youtube.com/watch?v=OoO5RH93Fig
Watch 📹
https://www.youtube.com/watch?v=OoO5RH93Fig
#BudgetWithMC: Highly promising sectoral funds, specifically #infrastructure or #banking & financial services, & the ones dedicated to themes like transport & logistics and manufacturing can be considered.
Read more 👇
https://bit.ly/3Jvik1q
Read more 👇
https://bit.ly/3Jvik1q