All Banking & Crypto Related Details

Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Drz1G8P via IFTTT

Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8WkyZXV via IFTTT

SBI Chairman CS Setty highlighted the dual nature of digital finance growth, noting both opportunities and vulnerabilities like cyber risks and algorithmic biases. He stressed that trust must be the foundation of India's expanding financial system, emphasizing that innovation should not compromise safety or inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7YLcnk1 via IFTTT

In recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged forex exposure, by linking an institution's NOP to its size and flows, two bankers told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z7p9SBe via IFTTT

Small Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. The unsecured microfinance sector continues to face high bad loan ratios. This strategic pivot is happening as regulators encourage diversification. Some larger banks are also growing their microfinance business. This change is crucial for long-term stability and growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2GopLR6 via IFTTT

CMS Info Systems has secured a significant Rs 400 crore order from HDFC Bank. The deal involves managing 6,000 ATMs for the next five years. This partnership will also include advanced solutions like currency forecasting and AI technology. The company expects this to boost its revenue from private sector banks. This follows recent large contracts with ICICI Bank and SBI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZKfvFG9 via IFTTT