All Banking & Crypto Related Details

As per RBI data, bank deposits stood at ?256.9 lakh crore as of May 15, 2026, registering a year-on-year growth of 12.2% - well above the 10% growth recorded in the corresponding period last year - with time deposits leading the charge, rising 12.3% to ?225.2 lakh crore and accounting for 87.7% of total deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XPLSb31 via IFTTT

The Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge their foreign currency borrowings. The facility will be available at a fixed cost of 1.5% per annum. This initiative is expected to encourage significant inflows into the FCNR-B window. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3yzhiW8 via IFTTT

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business crossed Rs 109 trillion during the year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VepqYPH via IFTTT

Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign currency inflows. Industry estimates suggest up to $40 billion could be raised. These measures will strengthen India's foreign exchange reserves. This will help manage rupee depreciation pressures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IkSEYMl via IFTTT

Citi is leveraging AI to revolutionize its payments business, enhancing developer efficiency by up to 40% and streamlining complex cross-border documentation. The financial giant is deploying AI for client servicing and risk management, processing $6 trillion daily. India's sophisticated payment infrastructure, including UPI and the JAM trinity, offers global lessons in real-time, cost-effective transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/MKsjx38 via IFTTT

India’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault operators are entering the scene and the rich in gated societies are creating their own treasure chests at home. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iVp5cqg via IFTTT