All Banking & Crypto Related Details

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sqIt8zT via IFTTT

Kotak Investment Banking is undergoing a noteworthy leadership transition. V. Jayasankar and Sourav Mallik will take the reins of the investment banking sector together, while Ramesh Srinivasan will become Non-Executive Vice Chairman. His years of experience will inform strategic advice and client engagement efforts, signaling a strong foundation for future growth in the organization. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KLmd0GQ via IFTTT

Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan growth. Housing and vehicle loans also displayed robust credit growth during this period. The Reserve Bank of India strengthened regulations for gold and silver collateral loans. Credit to industry and services sectors experienced a moderation in growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/27Lormz via IFTTT

Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/b7PVEe0 via IFTTT

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ir2pqQc via IFTTT

Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KE6OZ0J via IFTTT