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Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag

Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uZTe2f7 via IFTTT
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EAC moots consolidation to create a few large banks

India needs to consolidate banks into a few large entities. This consolidation aims to meet rising credit needs for Viksit Bharat by 2047. Banks will increasingly focus on data-driven customer experiences and AI automation. The banking sector has seen significant positive changes since 2014. Future agendas include mobilizing stable deposits and deepening productive lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Tkl9Nf1 via IFTTT
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Axis Bank bets on data centres to gold loans to outpace industry credit growth

Axis Bank expects credit growth to exceed the industry average this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. Data centres and manufacturing are driving corporate credit expansion significantly. Retail growth is fueled by gold loans and borrowers from smaller cities. The bank is also preparing two key businesses for potential public listings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fCZm7tV via IFTTT
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Banks told to have stricter norms for eligibility of forensic auditors

Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms further. Public sector banks reported a record net profit in FY26. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WPfoHcb via IFTTT
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ET Graphics: UPI@10 - A miracle story

UPI has completed a decade of transforming India’s digital payments landscape, with annual transactions soaring from 1.78 crore in 2016-17 to 24,162 crore in 2025-26. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KeUFwSu via IFTTT
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Bank unions threaten nationwide strike on September 11 to press for 5-day banking, other demands

Bank unions will strike nationwide on September 11 due to unresolved demands. This action follows a government 'negative attitude' towards key union proposals. The strike will impact banking services for four days, including holidays. Further strikes are planned for September 28 and an indefinite one from October 26. Unions seek five-day banking, pension improvements, and a uniform incentive scheme. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PqKASNi via IFTTT
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Citigroup, Axis Bank team up to leverage NRI deposits as RBI dollar inflows surge

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HUMxLaw via IFTTT
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