Latest News for: Banks assets

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Swiss Social Democratic Party proposes shrinking UBS assets after Credit Suisse takeover

Cryptopolitan 30 May 2023
Party member and lawmaker Samira Marti told the newspaper that an upper limit should be imposed on the bank’s assets, suggesting they should not exceed half of Switzerland’s GDP, which stood at 771 billion Swiss francs last year ... With the combined bank’s assets ...
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Pilot test of digital yen by Bank of Japan Proof-of-concept is expected to link with ...

OBN 30 May 2023
The Bank of Japan said, “In overseas CBDC demonstration experiments, there are also cases of collaboration between CBDC systems and DLT platforms, with an awareness of so-called asset tokenization, in which assets are tokenized and distributed on a platform that utilizes DLT.
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Switzerland's Social Democrats propose shrinking UBS - Aargauer Zeitung

Reuters 30 May 2023
The left-leaning Social Democratic Party, the second biggest party in the Swiss parliament, will propose an upper limit for the bank's assets, namely that its assets should not exceed half of Switzerland's GDP, which last year stood at 771 billion Swiss francs.
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Contra View: What may go wrong for equity investors banking on financial stocks?

The Times of India 30 May 2023
However, a deeper look indicates that not all banks have been able to maintain asset quality and margins over the last 1 year alone ... "Basically balancing margin, market share, and asset quality is something only a few banks/NBFCs have been able to do, but rerating and rally happened for all.
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RBI's balance sheet grows 2.5% to Rs 63.45 lakh crore in FY23

Indian Express 30 May 2023
No provision was made towards Asset Development Fund (ADF) ... The value of gold (including gold deposit) held as asset of Banking Department increased by 17.20 per cent from Rs 1,96,864.38 crore as on March 31, 2022 to Rs 2,30,733.95 crore as on March 31, 2023, the RBI said.
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RBI’s balance sheet grows 2.5 per cent to Rs 63.45 lakh crore in FY23

Financial Express 30 May 2023
Also ReadRBI Governor Shaktikanta Das flags governance gaps, instances of stressed assets misreporting ... The value of gold (including gold deposit) held as asset of Banking Department increased by 17.20 per cent from Rs 1,96,864.38 crore as on March 31, 2022 to Rs 2,30,733.95 crore as on March 31, 2023, the RBI said.
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Bank of Japan’s government bond holdings hit 581 trillion yen

Asahi News 30 May 2023
Federal Reserve and European central banks raised rates to rein in inflation ... “I think this is not necessarily what the balance sheet (statement of assets and liabilities) of a central bank should be,” Ueda told a Diet session on May 25 ... Kawamura warned that the BOJ could lose its credibility as a central bank if its liabilities exceed its assets.
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RBI's balance sheet grows 2.5% to Rs 63.45 lakh crore in FY23While income for the ...

Deccan Herald 30 May 2023
No provision was made towards Asset Development Fund (ADF) ... The value of gold (including gold deposit) held as asset of Banking Department increased by 17.20 per cent from Rs 1,96,864.38 crore as on March 31, 2022 to Rs 2,30,733.95 crore as on March 31, 2023, the RBI said ... Reserve Bank of India.
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Conversion of public debt into Shariah-compliant instruments a big challenge: SBP governor

The News International 30 May 2023
The lack of adequate sovereign assets has remained a major impediment to regular issuance of asset-based ... The governor expressed satisfaction that Islamic banking has grown into a systemically important sector in the country both in terms of assets base and current market share.
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MFs shy away from AT-1 bonds amid tighter rules

The Times of India 30 May 2023
The 2020 Yes Bank crisis and tighter norms in its aftermath have diminished mutual funds' appetite for additional tier-1 (AT-1), or perpetual, bonds ... Since the Yes Bank perpetual bond write-off, the share of AT-1 bonds in mutual funds’ assets dropped from 2.53% to 0.45%.
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RBI governor Shaktikanta Das cautions against evergreening of loans: Are banks, corporates still window-dressing loans?

Indian Express 30 May 2023
If an account turns into a non-performing asset (NPA), banks are required to make higher provisions which will impact their profitability ... The mega write-off exercise has enabled banks to reduce their non-performing assets, or defaulted loans, by Rs 10,09,510 crore ($123.86 ...
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MFIs offload NPAs with sales to ARCs, write-offs

The Times of India 30 May 2023
Banks including the country's largest microfinance lender, Bandhan Bank, account for about 45% of the sectoral bad loans, industry sources said ... Bandhan Bank sold bad loans worth Rs 2316 crore to asset reconstruction companies (ARC) during the quarter ending March, helping its micro loan NPA ratio to fall to 5.9% from 9.7% a year back.
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What next for Bank Nifty after hitting fresh all-time high today? Credit growth may fall, deposits to improve

Financial Express 30 May 2023
Why is the Bank Nifty rising?. “The surge in Bank Nifty is driven by a robust economic growth forecast of 7.5% for FY23, significant improvement in asset quality with gross non-performing assets (GNPAs) declining to 4.9% in March 2023, banks’ strong emphasis on digital transformation, and increased foreign investor interest ... Bank Nifty Outlook.
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Gaps in governance at some banks: Shaktikanta Das

Financial Express 30 May 2023
Banks need to improve digitalisation and keep vigil on stressed asset ... Besides accounting practices, Das urged banks’ boards to pay particular attention to asset liability management (ALM), as suboptimal ALM can lead to significant liquidity risks and destabilising effects on the bank itself, as seen recently in the US banking sector.
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Switzerland’s Social Democrats propose shrinking UBS

The Philadelphia Inquirer 30 May 2023
... limit for the bank's assets, namely that its assets should not exceed half of Switzerland's GDP, which last year stood at 771 billion S...

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AP / Office of the Iranian Supreme Leader
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Creative Commons / Jason Woodhead
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