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Indian banks slash short-term debt sales on cheaper forex funding

Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AkOKDZF via IFTTT
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Is enforcement of banking regulations ownership neutral?

Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout, wiping out a quarter of its projected profit, raises serious questions about the bank's governance and disclosure practices. The settlement, reached without admitting fault, highlights a perceived leniency in regulatory oversight for state-owned banks compared to private institutions, prompting calls for more equitable enforcement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3W8dqiX via IFTTT
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SBI to recruit 1,500 probationary officers this year

State Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8. The bank also hires IT professionals and domain experts as Specialist Officers. Last fiscal, SBI onboarded over 25,000 individuals, including officers and associates, demonstrating its commitment to generating employment and building a skilled workforce. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iERL89K via IFTTT
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India's banks are handing out more loans, but deposits aren't keeping up

Indian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend, driven by robust demand from corporate and retail sectors, has pushed the loan-to-deposit ratio to a decade-high, raising concerns about funding sustainability. While some lenders saw deposits decline, others maintained a balance, reflecting varied strategies amidst intense competition. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LX2IauA via IFTTT
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HDFC Bank reports 15.4% advance growth in June quarter, outpaces system; Deposits cross Rs 31.7 lakh cr

HDFC Bank witnessed robust growth in its June 2026 quarter results, with gross advances surging 15.4% year-on-year to Rs 30.61 lakh crore. Deposits also climbed 14.7% to Rs 31.70 lakh crore. This strong performance, coupled with a slight increase in the loan-to-deposit ratio, signals growing confidence in the bank's balance sheet. Savers are increasingly favoring term deposits for better yields. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2WCHNFU via IFTTT
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BLS E-Services acquires Atyati Technologies for Rs 157 crore

BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dgfjReV via IFTTT
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HDFC Bank develops own AI platform, fraud monitoring system

HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mEht9Uk via IFTTT
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