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'No US lawsuits filed yet, ready to defend on facts if needed': HDFC Bank CEO clarifies on governance allegations

HDFC Bank assured shareholders about its strong governance credentials. No US lawsuits have been filed against the bank following investigations. The bank's leadership stated they are well-positioned to defend any potential legal action. HDFC Bank is fundamentally strong with a pristine balance sheet. The integration with HDFC Limited is unlocking meaningful synergies for future growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OxpSQMX via IFTTT
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RBI upper-layer NBFC list to come out soon

The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies in the upper layer will be required to publicly list their shares. Tata Sons may be included on this upcoming list of NBFCs. The central bank has not published this specific list since January 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TOet3c7 via IFTTT
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RBI proposes resuming UCB licensing, overhaul of rural bank rules at MPC

The Reserve Bank of India will resume licensing for urban cooperative banks. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for all regulated entities. This move aims to enhance transparency and strengthen consumer protection measures. Global risks like the West Asia conflict continue to impact India's economic outlook. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Qm3dBif via IFTTT
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Microfinance lending dips as uneven monsoon alters the landscape

India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector's portfolio shrank four percent to ₹3.26 lakh crore by June end. Business usually slows during this period, but rainfall added concerns. Lenders remain cautious about growing loans due to uncertain patterns. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/n9D52xu via IFTTT
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Govt introduces bill to modernise bank records law

Finance Minister Nirmala Sitharaman introduced the Bankers' Books Evidence Bill, 2026 in Lok Sabha. This proposed legislation aims to update evidence rules for modern digital banking practices. It will replace the outdated Bankers' Books Evidence Act from 1891. The bill expands the definition of bankers' books to include all record formats. This future-ready framework will recognize electronic records and empower the central government. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TS5XV2r via IFTTT
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Credit to tech infrastructure sector doubles in two years

Bank loans for India's technology infrastructure sector have doubled in two years. This growth reflects India's position as a global hub for data centers. Loans to IT services and digital infrastructure rose significantly year on year. This expansion is driven by data centers, GCCs, and IT enabled services. These segments are now showing robust growth in bank credit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/c6R7xOf via IFTTT
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HDFC, ICICI Bank rates up for dollar deposits

Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's operationalization in June. This special scheme for attracting foreign currency closes on September 30. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tJMHNn9 via IFTTT
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