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Banks lure NRIs with high-return FCNR(B) deposits, warn of leverage risks

Banks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percent. Customers can borrow multiple times their capital to amplify these dollar yields. However, early redemption carries substantial penalties and lender control over pledged funds. Investors face liquidity constraints and regulatory risks with these leveraged products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/muDPEox via IFTTT
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Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS Finance

Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five-year period. Public sector banks filed recovery suits against 15,577 wilful defaulters by March 2026. These banks also recovered Rs 52,360 crore from wilful defaulters. The Reserve Bank of India has directed banks to avoid borrower harassment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5vKYDN7 via IFTTT
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Punjab National Bank to foray in acquisition finance in third quarter: MD Chandra

Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in FCNR (B) deposits by September. This move diversifies the bank's asset portfolio and attracts foreign currency. PNB reported a significant profit jump for the quarter ended June 30. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/svK7Vr9 via IFTTT
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India's private banks draw thinner margins on tepid credit growth

Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank's NIM fell to 3.26%, Kotak Mahindra Bank's dropped to a 19-quarter low of 4.53%, while Axis Bank's stood at 3.46%. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/biDM8pg via IFTTT
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RBI asks banks to clear old trade and payment mismatches

The RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify documents and transactions to regularise genuine export-import cases. Clearing old EDPMS and IDPMS entries could improve compliance, prevent businesses from being flagged and ensure more accurate trade data. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/auLKNxn via IFTTT
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Punjab National Bank scouting for partner to build its M&A financing portfolio: CEO

Punjab National Bank is seeking a partner for its merger and acquisition financing portfolio. The bank aims to gather $2.5 billion in special FCNR(B) deposits and has already mobilized funds. Its corporate loan book is projected to exceed four lakh crore rupees this fiscal year. PNB is actively focusing on renewable energy and emerging sectors like hydrogen capacity. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QaOIVyu via IFTTT
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India’s private lenders bet on corporate loan revival for growth

Indian banks report robust loan growth driven by corporate demand. Companies are shifting from expensive bond markets to cheaper bank borrowings. This trend is expected to continue for the next two quarters. Banks possess healthy balance sheets and strong capital buffers. Loan demand is seen across various sectors like electronics and automobiles. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Rk1ld75 via IFTTT
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