Sachin Kumar
Deputy Editor, Banking at Financial Express
Journalist- The Economic Times
Articles
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1 month ago |
financialexpress.com | Sachin Kumar
After attaining a credit-deposit ratio of about 75%, UCO Bank has started working on boosting deposits, says managing director and chief executive officer Ashwani Kumar. In an interview with Sachin Kumar, Kumar says higher recoveries and controlled slippages led to a significant improvement in the asset quality, which the lender expects to maintain in FY26. Excerpts:How is credit growth likely to shape up for UCO Bank amid global uncertainties?
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1 month ago |
financialexpress.com | Urvi Malvania |Sachin Kumar
Banks and insurance firms have started beefing up their cyber security defence systems by setting up quick response teams and conducting mock drills for disaster recovery scenarios amid heightened tensions between India and Pakistan.
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1 month ago |
financialexpress.com | Sachin Kumar
Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) will buy a 20% stake in Yes Bank from State Bank of India (SBI) and other lenders, for about Rs 13,483 crore, making it the biggest foreign investment in country’s banking sector. Under the deal, SMBC will acquire a 13.19% stake from SBI and total 6.81% from seven other lenders including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.
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1 month ago |
financialexpress.com | Sachin Kumar
Punjab National Bank is aiming to bring down its Gross Non-Performing Assets (GNPA) to below 3%, a milestone it has not reached in years, says MD & CEO Ashok Chandra.
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1 month ago |
financialexpress.com | Sachin Kumar
Rating agency Crisil on Thursday placed long-term debt instruments of IndusInd Bank on ‘rating watch with negative implications’, due to recent resignations of two top executives and concerns over its microfinance (MFI) portfolio. The instruments under watch include Rs 4,000 crore worth of Tier 2 bonds and Rs 1,500-crore infrastructure bonds, both currently rated AA+. Crisil, however, reaffirmed the bank’s short-term rating at A1+.
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A month ago, I wrote that the RBI's 50 bps CRR cut might not be enough to ease liquidity tightness. Yesterday, the RBI conducted its largest VRR auction in a year to inject cash, confirming my earlier assessment. Read my today’s story for deeper insights https://t.co/OW2ls0dL7t
Public sector bankers face perquisite tax, my story in today’s edition @idesibanda @Bankers_We @TheBankersVoice https://t.co/i4rvGutMnn
Despite pressure to cut interest rates, Mr Das stayed focused on what was best for the economy. @RBI @DasShaktikanta #RBIGovernor #RBI #banks @RBIsays https://t.co/x0gxTFYbkq