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More banks may join overseas bond run

ICICI Bank's $1 billion dollar bond sale via GIFT City, which drew strong global investor demand and secured lower borrowing costs, is expected to spur more Indian lenders to tap overseas debt markets under the RBI's subsidised hedging facility. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lVaL7H8 via IFTTT
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Bank of India aims to raise $1.2 billion through FCNR-B deposits, plans additional $2 billion overseas borrowing

Bank of India seeks $1.2 billion from foreign currency deposits and $2 billion from overseas borrowings. The bank has already secured $200 million through the FCNR-B window. This initiative aims to reduce reliance on costly bulk deposits for the institution. First quarter net profit jumped 36% to Rs 3,068 crore, showing strong performance. Advances grew 18.6% while deposits increased 14.9% during the period. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mN7rUgj via IFTTT
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Ujjivan Small Finance Bank grows share of secured loan to over 50%

Ujjivan Small Finance Bank has achieved a significant milestone by increasing its secured loan portfolio. This strategic shift now represents over fifty percent of the bank's total loan book. The bank's gross loan book expanded by twenty-nine percent year-on-year. Ujjivan reported a three-fold jump in its first quarter net profit. Provisions were forty-three percent lower, aiding the profit growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ODJ9q4m via IFTTT
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Bandhan Bank lowers return on assets projection to 1.2-1.4%, stock price continues to tumble

Bandhan Bank has lowered its FY27 exit return on assets (RoA) guidance to 1.2%-1.4% from 1.6%-1.8%, citing higher technology spending and uncertainty stemming from West Asia-led supply chain disruptions. The revised outlook triggered a sharp fall in the bank's market value. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/f1AN8k4 via IFTTT
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IDFC First Bankscam: CBI searches in Chandigarh, Ludhiana

The CBI conducted searches in Chandigarh and Ludhiana concerning a Rs 657 crore fund misappropriation. These searches targeted beneficiaries and public servants involved in the alleged fraud. Incriminating documents and digital evidence were recovered during the extensive searches. The investigation was transferred from Haryana's vigilance bureau to the CBI. This fraud involved siphoning government funds through forged fixed deposits and debit transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oVBGXIT via IFTTT
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Banks to tap 25 OEMs in battle against AI-led cybersecurity threats

Indian banks are identifying twenty-five original equipment manufacturers for AI risk mitigation partnerships. A working group is developing a framework to identify and strengthen safeguards against cyberattacks. Banks will reduce network attack surface area by deploying defensive AI agents. Internal controls may not prevent exposure through weak vendors or third-party components. Vulnerabilities in embedded code can spread flaws across multiple financial institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xGa0eJM via IFTTT
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Banks lure NRIs with high-return FCNR(B) deposits, warn of leverage risks

Banks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percent. Customers can borrow multiple times their capital to amplify these dollar yields. However, early redemption carries substantial penalties and lender control over pledged funds. Investors face liquidity constraints and regulatory risks with these leveraged products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/muDPEox via IFTTT
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