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Some bottlenecks: FCNR deposits from UAE come in big; some say flow could be bigger

The UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FdubI2K via IFTTT
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RBI asks banks to install fake currency detection machines at branches along international borders

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims to strengthen the identification and reporting of fake currency notes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wSJNrPo via IFTTT
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Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understand

Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as the principal falls. Loan amortisation shows how EMIs gradually repay both principal and interest. Early prepayments significantly reduce total interest paid over the loan tenure. Repo rate changes impact floating rate home loans, influencing EMIs or tenure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/21ZGyRQ via IFTTT
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Formal retail credit access doubles over past decade

India’s formal retail credit market has expanded sharply over the past decade, with credit access rising from 35% of consumers in 2017 to 74% in 2026, according to TransUnion CIBIL. Consumption-led loans such as personal loans, credit cards and consumer durable loans have driven growth, shifting borrowing from asset purchases to lifestyle spending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5rD1vKC via IFTTT
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Mid-tier private banks rake in more low-cost deposits

"Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book and focused on building the Casa ratio to 50%," V Vaidyanathan, MD and CEO, IDFC First Bank, told ET in an interview. "If we had kept growing the loan book, we could never have addressed structural issues like this. I believe in playing the long game in every format." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/blNyS2E via IFTTT
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Kotak Investment Banking appoints Jayasankar, Sourav Mallik as Co-CEOs

Kotak Investment Banking is undergoing a noteworthy leadership transition. V. Jayasankar and Sourav Mallik will take the reins of the investment banking sector together, while Ramesh Srinivasan will become Non-Executive Vice Chairman. His years of experience will inform strategic advice and client engagement efforts, signaling a strong foundation for future growth in the organization. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/cJdnXps via IFTTT
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HDFC Bank spends Rs 1,316 crore on CSR in FY26, expands rural footprint

HDFC Bank invested over Rs 1,316 crore in CSR initiatives during 2025-26. Their Parivartan program has positively impacted more than 10.77 crore lives. The bank's rural development program now reaches over 11,000 villages nationwide. Border village coverage significantly increased to 498 from 298 previously. These efforts aim for inclusive and locally relevant future development. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ybAkcDq via IFTTT
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