In August last year the bank had reshuffled the role of its top management personnel and named Sashi Jagdishan as a “change agent” and made him the head of all important portfolios of the bank. This was seen as a signal that he might well be the candidate to succeed Puri if the board chooses an internal candidate.
During the April-July period of 2020-21, the cumulative transactions on UPI reached 631 crore. The value transacted stood at Rs 6.31 lakh crore.
They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets. "It is imperative that restructuring of loan accounts in select sectors is used as a policy option after August 31, to mitigate stress," the SBI economists said in a report.
The achievement comes just ahead of the sixth anniversary of PMJDY launch. The scheme was launched on August 28, 2014 with an aim to provide universal access to banking facilities to the people in the country.
An increase in FDs is an indication that investors expect interest rates to come down further. It is also reflective of risk-aversion. From the deposit numbers of the large banks that have declared their results so far, it is seen that the share of FDs is either rising or is steady.
PMC depositors have sought the views of RBI ex-Guv Urjit Patel and his deputy Viral Acharya on several issues, including monetisation of the attached assets and merger with large private banks.
The Indian Banks' Association (IBA) made a representation to the RBI after deliberations among public sector, private sector and foreign lenders last month, CEO Sunil Mehta said. The central bank has taken cognisance of the group's suggestions and is seemingly open to dialogue.
Bandhan Financial Holdings, a promoter group entity, will sell close to a 20% stake in the deal, according to the terms of the transaction seen by ET.
Investment and leasing activity are likely to remain muted over the next year due to slower decision-making by investors because of the pandemic, but the long-term outlook for the segment remains promising, Colliers International said in a report.
"The Government of India has discussed about its ambitious scheme of strengthening the health infrastructure. It entails building health infrastructure in every district including upgrading of testing facilities with the Indian Council of Medical Research (ICMR)," AIIB Vice President D J Pandian told in an interview.
The ‘V-shaped’ rebound comes on the back of steep fall seen in the months of March and April during the nationwide lockdown when the popular instant payment service had lost nearly 25% of transaction volumes.
In May 2017, the central bank had initiated PCA against the lender due to high non-performing assets and negative return on assets.