Page 9 - Banking Finance October 017

BANK UPDATE

RERA scares the bank for Centre changes Nominee Directors in PSBs
next round of bad loans The Government changed its nominee director in four public sector banks (PSBs),
bringing in four Joint Secretary level officials as 'Gov-
Post introduction of Real Estate Regu-
ernment nominee director' in Allahabad Bank, Punjab
lation Act (RERA), & Sind Bank, United Bank of India and Central Bank
the Bankers are of India.
afraid that next
round of bank Rajeev Ranjan joins as Joint Secretary in the Depart-
loans may come ment of Expenditure of Allahabad Bank, as its nomi-
from real estate, nee director in the place of Anshuman Sharma. For Punjab & Sind Bank, S
though banks Selvakumar, Joint Secretary in Department of Economic Affairs has been appointed
claimed that have as Government nominee director in the place of S R Mehar, official sources said.
only 5% direct exposure to builders. Sameer Kumar Khare, Joint Secretary in the Department of Economic Affairs has
"We have a few developers in the been appointed as Government nominee director in United Bank of Indiain place
North who have not been construct- of A K Dogra. In the case of Central Bank of India, the Centre has appointed
ing property, or a slowdown in con- Govind Mohan, Joint Secretary in the Department of Economic Affairs as Gov-
struction has triggered some move- ernment nominee director in the bank replacing Saurabh Garg.
ment in the NPA category. This is not
a significant number, but you do see KVB launches its Aadhar enrolment centre
some stress when these changes hap- First Aadhar enrolment centre of the Karur Vysya Bank was inaugurated at its
pen," said PS Jayakumar, MD, Bank Nelson Manickam Road Branch in Chennai. It will pro-
of Baroda. vide facilities such as Aadhar enrolment and updating
of Aadhar data to all its customers. This service will be
"We have seen some issues on the
luxury housing segment but we are made available at 75 more branches across the coun-
very bullish on affordable housing," try, as mentioned in a bank statement.
said Pralay Mondal, business head
Retail Banking and Business Banking SBI Personal Loan processing fee waived
at Yes Bank."There's a little bit of The SBI recently stated that it will waive upto 100% processing fee on car loans,
slowdown as clarity is emerging on personal gold loans and other personal loans. This is
RERA and there is a lot of pressure on part of a 'festival bonanza' programme announced by
the cash economy. But the good thing the bank. The waiver of fees on car loans is valid for
about RERA is that today we can know applications received till December 31, 2017. Sepa-
the status, whether the project is rately, SBI has also waived 50 % of the processing fee
compliant or not, and it is very good on personal gold loans till October 31, 2017. Till Sep-
for the customers at the end of the tember 30, 50 % waiver on processing fee on Xpress
day." According to RERA, builders are Credit (a personal loan offering by the bank), can be availed.SBI has a deposit
expected to disclose project-related base of 26.02 lakh crore with CASA ratio of 43.81%.
information, to customers.
Bandhan Bank prepares for IPO
ICICI forex debt down- Two entities have received a universal banking licence in 2015, including Bandhan
graded Bank, which now is preparing for an IPO. The
RBI had given an in-principle approval to infra-
Ratings of forex debt of ICICI Bank
structure financier IDFC Ltd and microlender
raised through its Bahrain branch un- Bandhan Financial Services Pvt. Ltd to start
der the medium term notes new banks, making them only the third set of
programme were downgraded by private sector lenders to be given such licences
the ratings agency Moody's.
in past two decades.

8 | 2017 | OCTOBER | BANKING FINANCE

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