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PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy

Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7vKmBPA via IFTTT
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No merit in issues flagged by ex-chair of HDFC Bank: Law firms

The reviews were prompted by former Chairman Atanu Chakraborty's dramatic March 18 resignation, a decision he had said in a letter to the exchanges was prompted by alleged deviations 'incongruent' with his ethics and value systems. The reference to possible ethical transgressions at the country's most-valued lender by Chakraborty, a former Secretary at the Department of Economic Affairs and a retired IAS officer, sent shockwaves through India's banking establishment and caused an immediate slide in the stock. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/GpxyOrQ via IFTTT
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Govt needs to revive NITI Aayog's PSU, PSB privatisation program: Arvind Panagariya

Former NITI Aayog vice chairman Arvind Panagariya urges the government to revive privatization of public sector undertakings and banks. He believes this is crucial for India's economic reforms. Panagariya also suggests establishing a dedicated privatization ministry to speed up disinvestment. He notes that foreign investors remain positive about India's long-term growth prospects despite recent capital outflows. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1rxCz9h via IFTTT
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DBS optimistic about India’s long-term structural growth: Chief says country must invest in talent; focus on wealth space

DBS Bank's CEO views India as a significant long-term growth opportunity. The nation can benefit from the AI-driven demand for hardware. However, India must invest in its people and education to seize this potential. DBS remains committed to India, increasing investments in wealth management and client connectivity. The bank sees strong future prospects for the country. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mTnj65J via IFTTT
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Sebi to issue guidelines on responsible use of AI in capital markets, chief Pandey says

India's market regulator, SEBI, is creating rules for artificial intelligence in financial markets. SEBI chief Tuhin Kanta Pandey announced this plan. AI can help with surveillance and fraud detection. However, it also poses risks like bias and data protection issues. SEBI will issue guidelines for responsible AI use. The regulator will also consider international recommendations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eEfGgTU via IFTTT
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RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFO

RBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of finance experience. This appointment fills a vacant position and comes as Emirates NBD moves to acquire a controlling stake. The new CFO is expected to guide the bank through its ownership transition and future growth phase. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tqcV3TI via IFTTT
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Banks seek RBI nod on Guarantee Rule to boost NRI deposit inflows

Banks are urging the RBI to clarify regulations for the new FCNR deposit scheme, aiming to attract diaspora funds. They seek a tweak in wording to allow Non-Resident Indians to leverage multiple times for investments, crucial for the scheme's success in arresting the rupee's slide. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mBeIo6W via IFTTT
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