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15 banks get government nod to import gold & silver for 3 years

India has authorized 17 banks to import gold and silver. This authorization is effective for three years from April 1, 2026. The move resolves a customs clearance delay that had stalled shipments. This decision brings relief to importers and ensures smooth trade of precious metals. The new authorization is valid until March 31, 2029. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FGEmBdb via IFTTT
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Women financially active but lack tailored advice, reveals HSBC report

Women are actively managing their wealth but face a 'Fluency Gap' in financial guidance. A new HSBC report reveals affluent women are intentional about finances from their 20s. However, fewer than half feel supported by advisors. The study calls for personalized, adaptable advice that evolves with women's changing life stages and priorities. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6OYghAq via IFTTT
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'Show me the papers', bankers tell cos to guard against any FEMA violations fallout

Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volatility and new regulations. Banks are scrutinizing clients and setting limits based on past performance. The Reserve Bank of India has not mandated this, but banks are taking extra precautions to avoid FEMA violations amid a dollar crunch. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5coQwu6 via IFTTT
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Bank credit grows 16% in FY26, faster than deposits rise

Bank credit saw a significant 16% rise, reaching ₹219 lakh crore. Deposits grew 13.4% to ₹267.8 lakh crore by March 31, 2026. Investments also increased by 4.7%. This year-end surge in deposits and credit is a common trend. In the last fortnight alone, banks gathered ₹12 lakh crore in deposits and lent ₹6.1 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CnZWxGa via IFTTT
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RBI gives operational flexibility to NBFCs for branch expansion

The Reserve Bank of India has eased rules for non-banking financial companies. NBFCs can now open branches without prior approval in most situations. This change aims to simplify business operations. Deposit-taking NBFCs have specific conditions based on their net owned funds and credit ratings for opening branches or appointing agents. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FXY28D1 via IFTTT
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RBI holds talks with banks on ways to boost deposits

Reserve Bank of India is consulting banks on ways to attract larger and more stable deposits as household savings shift to equities and mutual funds, putting pressure on liquidity. Deposits are growing slower than loans, increasing funding costs and credit-deposit ratios. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZVEQbMt via IFTTT
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Game of cards: Top banking players opt for tight gambit, rivals up the ante

Since the start of the calendar year, major devaluations have hit multiple premium and super-premium cards, shocking the high spenders. No card has been spared, be it the ICICI Emeralde Private Metal (removal of some vouchers for accelerated rewards), American Express Platinum Travel (higher spend milestones for bonus rewards), or Axis Bank (removal of three popular transfer partners without advance notice). HDFC Bank, too, has asked its Infinia customers to clock in annual spends of at least Rs 18 lakh or maintain a total relationship value of at least Rs 50 lakh to retain the by-invite-only metal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kB9jtq3 via IFTTT
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