Latest News for: Net banks

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Now is the time to sell off PSB stakesThe net interest margins (NIMs) of PSBs ...

Deccan Herald 29 Mar 2023
Both gross and net NPAs have been coming down in the last few years due to an increase in provisions, a decrease in slippages, an increase in write-offs, and a pick-up in demand for bank credit. The financial stability report of the RBI stated that the net NPA of banks has fallen to a 10-year low of 1.3 per cent of net advances.
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ICBC Tipped to Post 5.3% Drop in Fourth-Quarter Net Profit -- Earnings Preview

Market Watch 29 Mar 2023
Industrial & Commercial Bank of China Ltd ... NET PROFIT FORECAST ... --NET INTEREST. Investors are focusing on the pace of growth in the primary source of the bank's earnings, after third-quarter net interest income increased 0.8% from a year earlier to CNY176.17 billion.
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U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says

Indian Express 29 Mar 2023
Australian banks are 'well regulated' and carry strong liquidity coverage ratios, UBS said ... Competition for mortgages, accounting for anywhere between 45% and 65% of net interest income of banks, 'has never been fiercer,' with some banks 'sub-economically' pricing new business, UBS said.
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South Indian Bank shares dive 13% as MD Ramakrishna opts out of reappointment

Live Mint 29 Mar 2023
... a net profit of ₹102.75 crore for the December quarter. The net interest margins (NIM) widened to 3.52 per cent for the quarter, and Ramakrishnan said the bank will be able to close FY23 with a NIM of 3.20 per cent.The stock was trading 13.29 per cent lower at ₹14.35 apiece.
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Column: Shadow bank boxing as money funds drain deposits

Reuters 29 Mar 2023
And so, until this month at least, net interest margins at banks were still hugely padded despite the Fed's rate rise campaign because funding via deposits remained so cheap ... "The expansion in net interest margins that regional banks have enjoyed over the last several years is likely not to continue.".
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South Indian Bank MD Murali Ramakrishnan opts out of re-appointment

Financial Express 29 Mar 2023
Ramakrishnan was appointed as the chief of South Indian Bank in October 2020 and his term was due to end on September 30 ... Also ReadSouth Indian Bank scripts a turnaround ... During the quarter ended December, South Indian Bank’s net profit stood at Rs 103 crore as against Rs 50 crore of net loss in the same period the previous fiscal.
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Mortgage approvals to home-buyers increase for first time in six months

AOL 29 Mar 2023
During February, households also deposited £2.0 billion into National Savings and Investment (NS&I) accounts, meaning the combined net flow into bank, building society and NS&I accounts in February was £3.6 billion, increasing from £3.3 billion in January.
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PSU bank stocks deliver up to 96% return in FY23. Will the magic repeat in next fiscal?

The Times of India 29 Mar 2023
Beating much-fancied private sector peers by a wide margin, PSU bank stocks have turned out to be the top performing sector of FY22 on the back of improved loan growth, margins and controlled credit costs ... As NIMs (net interest margins) normalise, analysts say private banks have more scope to pull back investments.
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Opinion: The Silicon Valley Bank Episode Shocked Even Experienced Macroeconomists. Why?

Market Watch 29 Mar 2023
In the collapse of Silicon Valley Bank, regulators missed the most unmissable financial sector story of the past year, Leslie Lipschitz writes ... The Silicon Valley Bank debacle was especially shocking for two reasons ... And, third, a net stable funding ratio was supposed to be imposed to guard against excessive reliance on unstable sources of funding.
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£2bn poured into NS&I as savers seek security on deposits

AOL 29 Mar 2023
Savers have poured cash into Government-backed National Savings and Investment (NS&I) accounts, as concerns over the stability of global banks reached boiling point this month ... The combined net flow of money into bank, building society and NS&I accounts in February was £3.6 billion, increasing from £3.3 billion in January.
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Net zero red tape to create new generation of ‘mortgage prisoners’

The Daily Telegraph 29 Mar 2023
It echoes comments from the chief executive of Britain's banking trade body UK Finance, David Postings, who said earlier this month net zero plans risked leaving homeowners unable to obtain a mortgage and the “creation of a new cohort of property prisoners” ... Net Zero, Sustainability, Mortgages, Selling property, Energy crisis.
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Saudi banks’ net profits surge 7.5% to $1.4bn: SAMA 

Arab News 29 Mar 2023
In the backdrop of a looming global banking crisis, Saudi lenders continue to maintain strong credit growth driven by corporate loans. This has helped banks operating in the Kingdom record an aggregate year-on-year net profit of 7.5 percent to SR5.18 billion ($1.38 billion) in February 2023, the latest official data showed.
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Credit Suisse Complicit in 'Massive' Conspiracy to Help Rich Americans Dodge Taxes: Senate Report

Common Dreams 29 Mar 2023
Citing two former Credit Suisse employees, CNBC reported Wednesday that "although the bank did disclose and close many American accounts after its 2014 plea agreement, some bankers worked with high net worth clients to keep certain Americans at the bank, by changing the ...
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One year of net billing in Poland

PV Magazine 29 Mar 2023
While it initially had a chilling effect on the Polish residential solar market, the transition from net metering to net billing has also resulted in positive changes, such as better sizing of rooftop PV systems and a higher rate of self-consumption, says Instytut Energetyki Odnawialnej (IEO), a Polish research body.
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The Silicon Valley Bank Episode Shocked Even Experienced Macroeconomists. Why?

Barrons 29 Mar 2023
In the collapse of Silicon Valley Bank, regulators missed the most unmissable financial sector story of the past year, Leslie Lipschitz writes ... The Silicon Valley Bank debacle was especially shocking for two reasons ... And, third, a net stable funding ratio was supposed to be imposed to guard against excessive reliance on unstable sources of funding.

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This photo made from video provided by the Russian Defense Ministry Press Service on Wednesday, March 29, 2023, shows a Yars missile launcher of the Russian armed forces being driven in an undisclosed location in Russia.
AP / Russian Defense Ministry Press Service via AP
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