All Banking & Crypto Related Details

New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish board-approved policies for acquiring and disposing of these assets. These assets will be disclosed separately on balance sheets, not as NPAs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ErGlyKD via IFTTT

EXIM Bank of India presented a Rs 428 crore dividend cheque to Finance Minister Nirmala Sitharaman. The bank reported a net profit of Rs 4,273 crore for the financial year 2025-26. Ten percent of this net profit was transferred as a balance to the government of India. Exim Bank recorded thirty-two percent growth in net profit and robust financial indicators. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6orijCV via IFTTT

The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financial institutions. Banks and NBFCs will need to implement robust data lifecycle controls. A board-level committee will oversee the new data governance policies. This initiative seeks to ensure data accuracy, security, and fitness for purpose. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/b3mC6BV via IFTTT

Himachal Pradesh State Cooperative Bank will suspend services from July 17 to July 22. This temporary closure is for migrating to the Finacle Core Banking Solution. Customers will face disruptions in branch and digital banking operations during this period. The bank advises completing urgent transactions before the maintenance window begins. This upgrade aims to enhance security and improve overall customer banking experiences. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ywe4Mpv via IFTTT

State Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Officer for LIC, the nation's largest life insurer. He brings twenty-seven years of extensive experience in financial services and strategic planning. His expertise includes financial planning, capital management, and regulatory engagement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z07YCAf via IFTTT

HDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15, 2026. This appointment follows the bank's application and an earlier intimation to the regulator. The bank thanked Keki Mistry for his service as interim chairman. Mistry will continue his role as a non-executive director on the board. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sLIBKoR via IFTTT