Posts

Public sector banks may approach RBI seeking changes in climate finance rules

Public sector banks are set to propose changes to the RBI's climate finance guidelines, citing a lack of incentives for green deposits. Lenders seek a reduction in the cash reserve ratio for green deposits and greater clarity on climate finance taxonomy. These proposals aim to boost the adoption of green finance initiatives. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QU7rwR6 via IFTTT
Post a Comment
Read more

Federal Bank to receive Rs 686 crore tax refund after tribunal ruling

Federal Bank is set to receive a substantial Rs 686 crore tax refund, marking the resolution of a long-standing tax dispute. This significant financial boost, covering assessment years 2012-13 and 2013-14, is expected to positively impact the bank's profitability in the upcoming quarter. The development follows recent orders from the Income Tax Appellate Tribunal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dAaly0e via IFTTT
Post a Comment
Read more

Public sector banks draw foreign funds, bucking wider pullback

India public sector banks: Foreign investors increased their stake in top state-run lenders including State Bank of India Ltd., Bank of Baroda, Canara Bank Ltd. and Punjab National Bank to the highest in at least a year, shareholding data of as Dec. 31 show. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3tVx6W1 via IFTTT
Post a Comment
Read more

AI expansion push: Seven PSBs roll out 32 generative AI use cases under EASE 8.0 programme

Seven public sector banks are using generative AI for 32 new applications. These initiatives aim to boost efficiency and credit assessment. Ten banks have formal AI policies. The EASE 8.0 reforms encourage AI for complex tasks and faster decisions. Future reforms, EASErise, will focus on risk management and economic shock absorption. This technology push aligns with national financial goals. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pQ4Hg7E via IFTTT
Post a Comment
Read more

Muthoot Microfin looks to buy company offering loan against property

Muthoot Microfin is exploring inorganic growth by acquiring a majority stake in two non-banking financial companies. This move aims to expand its micro loan against property business. The company is diversifying its portfolio following recent RBI policy changes. Muthoot Microfin plans to significantly increase its secured lending. This strategy will reduce reliance on unsecured microfinance loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tLBYzfE via IFTTT
Post a Comment
Read more

Reserve Bank proposes easing foreign exchange transaction norms

The Reserve Bank of India has proposed new rules for foreign exchange dealings. Authorised persons will get more flexibility in hedging exposures, managing balance sheets, and market-making. Reporting obligations will also be eased. These draft directions aim to provide greater freedom in dealing with foreign exchange products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z2UWVgn via IFTTT
Post a Comment
Read more

Banks ramp up bad loan sales to ARCs in December quarter, retail NPAs at Rs 24,814 crore

Industry data up to December 2025 showed that banks sold Rs 24,814 crore retail non-performing assets (NPAs) to asset reconstruction companies (ARC). That compares with Rs 9,093 crore of retail bad loans sold up to September. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Yc1wGlv via IFTTT
Post a Comment
Read more