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Indian bank deposits jump by $115 billion over three fortnights to record high

Indian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar inflows into banks from a central bank scheme. The Reserve Bank of India's foreign-currency non-resident scheme attracted substantial foreign currency deposits. These inflows have helped boost overall banking system deposits to a new record level. Credit conditions are expected to remain strong as deposit growth continues. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NV8z5Jc via IFTTT
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Banks to reveal loan rates every month in RBI's disclosure tweak

The Reserve Bank of India has proposed new lending rate guidelines. Regulated entities must declare lending rates monthly and reset floating loans quarterly. Total charges for microfinance and small loans will be capped by the regulator. These new norms aim to harmonize interest rate determination methods. Final guidelines will take effect from April 1, 2027. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eBIA5QS via IFTTT
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AI to reshape banking, governance must evolve to curb cyber risk: BCG's Hardik Shah

Artificial intelligence is set to reshape India's banking sector over the next decade, but banks, regulators and the government will need to strengthen governance, cybersecurity capabilities and shared infrastructure to ensure responsible and secure adoption of the technology, said Hardik Shah, Managing Director and Partner at Boston Consulting Group (BCG). from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hoOGcga via IFTTT
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SBI uses AI to underwrite nearly Rs 1 lakh crore in MSME loans in FY26

State Bank of India underwrote nearly one lakh crore rupees in MSME loans using artificial intelligence. AI is also automating the processing of cheques up to ten thousand rupees. This technology frees up relationship managers' time for other important tasks. The bank deploys AI across the customer lifecycle for various functions. Benefits include improved customer satisfaction and employee efficiency. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/htiYNuS via IFTTT
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RBI proposes a leverage ratio of 3.5% for ‘important’ global banks

The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LeYpgaZ via IFTTT
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AI in banking must move beyond retail to farms, MSMEs: SBI Chairman Setty

In a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sector. He asserted that widening credit opportunities for small businesses and farmers through AI is essential to realize India's ambition of a developed economy by 2047. Additionally, AI could refine farm-level decision-making and risk management, as banks strive to enhance defenses against advancing cybersecurity threats. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TBLx2Hl via IFTTT
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Lenders seek RBI approval to spread their MTM losses

Indian banks have sought RBI approval to spread mark-to-market losses on investment portfolios across the remaining three quarters, citing bond-market volatility triggered by the West Asia crisis. Rising government bond yields have weighed sharply on banks’ treasury income. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DbHtWGn via IFTTT
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