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The Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusion schemes, including PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya urged banks to support the upcoming saturation campaign, expand digital outreach, improve loan processing, strengthen insurance claim awareness and address grievances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/W6gNrEu via IFTTT

Indian banks are projected to see an 11 percent year-on-year growth in earnings for the second quarter of FY27. The report anticipates that private sector banks will perform better than public sector banks during this period. Deposit growth is supported by significant FCNR inflows, which may temporarily decrease net interest margins. The outlook for asset quality remains stable, with no major signs of deterioration reported. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/R7sIoVa via IFTTT

National Housing Bank plans to double the refinance and affordable housing funds for large housing finance companies. These funds will be available to companies seeking long-term and cheaper financing options. LIC Housing Finance, Bajaj Housing Finance, and others are likely to benefit from this increase. The funding is expected to help reduce reliance on banks while promoting growth in housing loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IAWOUZv via IFTTT

From a loan growth perspective, state-run banks' advances growth remained in the range of 12.59-29.83 per cent year-on-year in Q2, while private banks' growth ranged from 16.3-40 per cent during the same period. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gwNSqJW via IFTTT

Non-banking finance companies accounted for nearly half of new-to-credit loans below Rs 2 lakh as of June 2026. Their retail delinquency rate remained lower than the overall industry average, reflecting improved asset quality. Monitoring credit positively impacted borrowers' cure rates compared to those who did not monitor. The customer base for NBFCs grew significantly over the last decade, indicating increasing access to credit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yJbVTWt via IFTTT

Central Bank of India reported a significant 30 percent credit growth for the second quarter of this financial year. The total advances reached Rs 2.93 lakh crore as of September 30, 2025. Total deposits increased by 14 percent, amounting to Rs 5.08 lakh crore during the same period. The bank's total business also rose by 21 percent to Rs 8.89 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kFwhgUR via IFTTT