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Bombay HC rejects Lilavati Trust's interim application against HDFC Bank in ₹1,000 crore dispute

The Bombay High Court has rejected an interim plea by Lilavati Hospital's trust, which sought to prevent HDFC Bank from making public statements regarding a loan dispute. The trust had sued for ₹1,000 crore, alleging defamation by the bank's online posts. The court cited the trust's history of media campaigns against the bank as a reason for dismissal. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ebkf4zA via IFTTT
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Canara Bank recovers over half of ₹500 crore Rajesh Exports exposure, CEO outlines growth strategy

Canara Bank has recovered over half of its ₹500 crore exposure to Rajesh Exports and is pursuing legal avenues for the remaining amount. The bank's CEO highlighted reducing the cost-to-income ratio and increasing low-cost deposits as key priorities to boost profitability and manage rising deposit costs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ARfOhpu via IFTTT
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HDFC Bank hikes lending rates by up to 10 bps across tenors

HDFC Bank has raised its lending rates. The Marginal Cost of funds-based Lending Rate or MCLR will increase by up to 10 basis points. This change is effective from June 8, 2026. Most consumer loans like auto and home loans will be impacted. This move follows the Reserve Bank's decision to keep interest rates unchanged. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RqzBlcN via IFTTT
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Muted returns on market bets steer funds back to banks

As per RBI data, bank deposits stood at ?256.9 lakh crore as of May 15, 2026, registering a year-on-year growth of 12.2% - well above the 10% growth recorded in the corresponding period last year - with time deposits leading the charge, rising 12.3% to ?225.2 lakh crore and accounting for 87.7% of total deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XPLSb31 via IFTTT
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RBI opens a dollar swap window to help hedge foreign borrowings

The Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge their foreign currency borrowings. The facility will be available at a fixed cost of 1.5% per annum. This initiative is expected to encourage significant inflows into the FCNR-B window. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3yzhiW8 via IFTTT
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State Bank of India hands over Rs 8,813 cr dividend cheque to government for FY26

SBI presented a dividend cheque of Rs 8,813 crore for the financial year 2025-26 to Union Finance Minister Nirmala Sitharaman. This payout follows SBI's strong financial performance for FY26. The bank reported a net profit of Rs 80,032 crore and an operating profit of Rs 1,23,015 crore. SBI's overall business crossed Rs 109 trillion during the year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VepqYPH via IFTTT
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Banks to be told to step up FCNR (B) deposits

Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This move aims to attract significant foreign currency inflows. Industry estimates suggest up to $40 billion could be raised. These measures will strengthen India's foreign exchange reserves. This will help manage rupee depreciation pressures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IkSEYMl via IFTTT
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