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Public sector banks told to take quantum leap in encryption for added security

Indian banks are preparing for a quantum computing future. The finance ministry has asked public sector banks to explore quantum-resistant encryption. This move aims to secure financial systems against future threats. Experts warn quantum computers could break current encryption. India's National Quantum Mission is also building a quantum communication network. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/j3vWRtk via IFTTT
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India's banking sector resilient; 11-13% credit growth for January-June likely: Survey

Indian banks anticipate robust non-food credit growth of 11-13% from January-June 2026, driven by improving balance sheets and steady economic activity. Retail and SME segments are expected to lead this expansion, while industrial credit will see a more measured recovery. Most bankers foresee a stable monetary policy stance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3WtiOHh via IFTTT
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MDBs to deepen collaboration to support nations amid heightened global uncertainty

Global development banks are joining forces to help countries navigate economic challenges. They are combining resources and knowledge to manage immediate pressures and build future resilience. The banks are ready to provide timely support to manage risks and protect vulnerable populations. Collaboration will focus on private sector growth, job creation, and sustainable development. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AMLdunZ via IFTTT
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15 banks get government nod to import gold & silver for 3 years

India has authorized 17 banks to import gold and silver. This authorization is effective for three years from April 1, 2026. The move resolves a customs clearance delay that had stalled shipments. This decision brings relief to importers and ensures smooth trade of precious metals. The new authorization is valid until March 31, 2029. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FGEmBdb via IFTTT
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Women financially active but lack tailored advice, reveals HSBC report

Women are actively managing their wealth but face a 'Fluency Gap' in financial guidance. A new HSBC report reveals affluent women are intentional about finances from their 20s. However, fewer than half feel supported by advisors. The study calls for personalized, adaptable advice that evolves with women's changing life stages and priorities. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6OYghAq via IFTTT
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'Show me the papers', bankers tell cos to guard against any FEMA violations fallout

Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volatility and new regulations. Banks are scrutinizing clients and setting limits based on past performance. The Reserve Bank of India has not mandated this, but banks are taking extra precautions to avoid FEMA violations amid a dollar crunch. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5coQwu6 via IFTTT
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Bank credit grows 16% in FY26, faster than deposits rise

Bank credit saw a significant 16% rise, reaching ₹219 lakh crore. Deposits grew 13.4% to ₹267.8 lakh crore by March 31, 2026. Investments also increased by 4.7%. This year-end surge in deposits and credit is a common trend. In the last fortnight alone, banks gathered ₹12 lakh crore in deposits and lent ₹6.1 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CnZWxGa via IFTTT
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