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Rethinking ‘idle money’ in a rising rate environment

Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8WkyZXV via IFTTT
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SBI chairman says rapid rise of AI-driven lending brings new vulnerabilities for banks

SBI Chairman CS Setty highlighted the dual nature of digital finance growth, noting both opportunities and vulnerabilities like cyber risks and algorithmic biases. He stressed that trust must be the foundation of India's expanding financial system, emphasizing that innovation should not compromise safety or inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7YLcnk1 via IFTTT
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Big banks urge RBI to rethink uniform forex exposure cap

In recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged forex exposure, by linking an institution's NOP to its size and flows, two bankers told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z7p9SBe via IFTTT
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Gold loans power Small Finance Banks' growth as microfinance asset quality weakens

Small Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. The unsecured microfinance sector continues to face high bad loan ratios. This strategic pivot is happening as regulators encourage diversification. Some larger banks are also growing their microfinance business. This change is crucial for long-term stability and growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2GopLR6 via IFTTT
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CMS bags Rs 400 cr contract to manage 6,000 HDFC Bank ATMs

CMS Info Systems has secured a significant Rs 400 crore order from HDFC Bank. The deal involves managing 6,000 ATMs for the next five years. This partnership will also include advanced solutions like currency forecasting and AI technology. The company expects this to boost its revenue from private sector banks. This follows recent large contracts with ICICI Bank and SBI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZKfvFG9 via IFTTT
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Banks see strong credit growth: RBI data reveals 16% deposit jump

Bank credit growth picked up pace to 16 percent in the fortnight ending April 30. Deposits saw a year-on-year growth of 12.3 percent. This marks an acceleration from the previous fortnight. Outstanding credit reached Rs 212.12 lakh crore. Deposits in the system stood at Rs 258.64 lakh crore. The credit-deposit ratio was 82.01 percent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0sFDfzv via IFTTT
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SBI to seek board approval for funds; Axis Bank raises $500 mn

State Bank of India’s board will meet on May 12 to consider raising up to $2 billion through long-term foreign currency bonds in FY27 via public offers or private placements. Meanwhile, Axis Bank has secured a $500 million three-year loan from Japan’s MUFG at SOFR plus 85 basis points, with the funds aimed at lending and general business needs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rhd68uy via IFTTT
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