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Bank unions defer 3-day nationwide strike after talks with IBA

Bank unions have decided to defer a planned three-day strike after discussions with the Indian Banks' Association. A new high-level committee will be formed to address important employee demands, including Saturdays as holidays. Union representatives aim to resolve concerns related to the Performance Linked Incentive scheme for higher-ranking officers. The Finance Ministry has encouraged dialogue for addressing unresolved issues while ensuring services remain uninterrupted. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5ZwJukf via IFTTT
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SBI's growth mantra: Digital first, customer first, nation always, says chairman C S Setty

SBI aims to harness digital banking and strengthen customer relationships as part of its growth strategy. The bank's total business could potentially reach Rs 200 lakh crore by 2030 as it celebrates its platinum jubilee. Chairman C S Setty highlighted the importance of customer protection alongside the digital transformation of banking services. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mD3B8ve via IFTTT
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Share of high-value micro loans rise: Report

The share of high-value microfinance loans above ₹75,000 to individual borrowers rose to 41% in Q1 FY27, from 28% a year earlier, as lenders increasingly focused on existing borrowers with established credit histories. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6YfRLP8 via IFTTT
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Axis Bank readies major customer-connect initiative to mark World Tourism Day

Axis Bank is set to launch an extensive outreach program across India, spotlighting tourism and hospitality sectors in Goa. The initiative plans to engage over 5,000 customers and honour approximately 1,000 entrepreneurs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/497fMjE via IFTTT
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Bank credit growth hits 8-quarter high, widens funding gap as deposits lag: Report

Bank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing funding pressure on banks. Finance sector lending, especially to NBFCs, drove credit expansion significantly. Public sector banks saw higher credit growth but less headroom. Deposit mobilization remains crucial for banks facing persistent competition for savings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kmVvsPo via IFTTT
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Bank boards vet talent pool amid succession wave; six big lenders brace for leadership transitions through end-2027

By 2027, leadership transformations are set to take place across several key Indian banks, with HDFC Bank and Kotak Mahindra Bank leading the way. This wave of changes creates a competitive landscape for experienced banking professionals. It is vital for the boards to ensure they maintain continuity while injecting innovative strategies. As a result, succession planning has emerged as an essential concern for bank leadership. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/v5B9FRK via IFTTT
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