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Geographic diversification helps SFBs revive microfinance growth

Small finance banks are expanding microfinance lending rapidly due to geographical diversification. Equitas and Ujjivan witnessed significant growth in microfinance outstanding this fiscal year. Utkarsh, however, reduced its micro loan exposure due to concentration risks. ESAF Small Finance Bank also reported a rise in micro loans and gross advances. Overall, the sector shows signs of revival, offering new business opportunities. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/N2YWhax via IFTTT
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Cost of free alerts: RBI’s SMS order may dent banks’ income by Rs 300 crore

Banks have also been given the flexibility of dropping mandatory alerts for lowvalue transactions. However, top-draw private banks, such as HDFC Bank or ICICI Bank, are unlikely to reduce SMS alerts for such transactions to ensure their reputation for technology adoption and customer experience isn’t compromised. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T8PZlzi via IFTTT
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RBI approves re-appointment of NS Vishwanathan as Axis Bank's non-executive chairman

The Reserve Bank of India has approved NS Vishwanathan's reappointment as Axis Bank's non-executive chairman. His new three-year term will commence from October 27, 2026, and conclude on October 26, 2029. This extension is contingent upon his reappointment as an independent director for the bank. Vishwanathan, a former deputy governor, has been serving as part-time chairman since October 2023. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Qj2n5bM via IFTTT
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IDFC First Bank launches EPFO payment services

IDFC First Bank has launched provident fund payment services through its EPFO integration. This integration allows establishments to initiate PF payments directly via the EPFO portal. Transactions can then be completed using IDFC FIRST Bank's digital banking platforms. Customers can now make provident fund payments quickly and securely. The bank served 38 million customers as of March 31, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gycXE9G via IFTTT
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HSBC pulls back from risky credit after bankruptcy scare, FT reports

HSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift indicates a move towards a more cautious approach in the private credit market, signaling a potential change in the bank's lending appetite for more speculative investments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DtrkHvy via IFTTT
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Deposits win for private banks, loans trophy for PSBs: Q1 throws up opposing trends; private growth seen as healthier

Private banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster credit expansion during the same period. This divergence raises concerns about funding sustainability for state-run institutions. Private banks have steadily gained market share in deposits over a decade. Credit growth between the two bank types showed convergence in the recent quarter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/16ZLJPy via IFTTT
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Private banks write off nearly half of NPAs in FY26, outpace PSBs

"Private banks utilise these write-offs and provisioning buffers to proactively clean up their balance sheets, while public sector banks generally rely more heavily on aggregate long-term or systemic recovery," said Kuntal Sur, partner and leader for risk consulting, financial services and treasury, at PwC India. "Unsecured retail loans in general have shown deteriorations leading to higher write-offs." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4QdB07D via IFTTT
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