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Govt eyes rural credit push via flagship schemes, seeks to expand RRB customer base

The government is enhancing rural credit by integrating the Grameen Credit Score with the JanSamarth portal for faster loan processing. Regional Rural Banks will expand their customer base and diversify into investment credit, while also promoting digital lending platforms like e-KCC to boost financial inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jYhaEMe via IFTTT
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Bank credit grows over 17% in May, extending double-digit rise for 9th month in a row

Bank credit saw a strong 17.44 percent growth in May. This marks the ninth straight month of double-digit expansion. Demand for loans from individuals and businesses remains high. Credit growth has consistently stayed above 13 percent since January. The Reserve Bank data shows a sustained upward trend in lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iUMgGLy via IFTTT
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Eight public sector banks add 13,223 employees in FY26; SBI leads hiring spree

Eight public sector banks, including SBI, collectively added 13,223 employees in FY26, boosting their total workforce to over 6.28 lakh. State Bank of India led the hiring surge, accounting for nearly 67% of the new positions. This expansion occurs despite digitalization, indicating a continued reliance on human resources for growth and customer service. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AdMIYnw via IFTTT
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CD rates may fall up to 100 bps as banks tap overseas deposits, loans

Interest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop, estimated at 75-100 basis points by July, follows large public sector units and banks tapping overseas loans and deposits. This influx of foreign funds is expected to cool domestic yields and ease borrowing costs for businesses and the government. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/t1uMloi via IFTTT
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BFSI’s new trust economy: Why privacy is the quietest driver of growth

With India's DPDP framework taking shape, forward-looking financial institutions are turning privacy into a competitive advantage with support from HabileLabs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DLYKZ39 via IFTTT
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Bombay HC rejects Lilavati Trust's interim application against HDFC Bank in ₹1,000 crore dispute

The Bombay High Court has rejected an interim plea by Lilavati Hospital's trust, which sought to prevent HDFC Bank from making public statements regarding a loan dispute. The trust had sued for ₹1,000 crore, alleging defamation by the bank's online posts. The court cited the trust's history of media campaigns against the bank as a reason for dismissal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ebkf4zA via IFTTT
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Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategy

Canara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. The bank's CEO highlighted reducing the cost-to-income ratio and increasing low-cost deposits as key priorities to boost profitability and manage rising deposit costs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ARfOhpu via IFTTT
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