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RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P

The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for strategic sectors, will benefit from cheaper funding and enhanced financial flexibility, potentially driving economic growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uFEDpvl via IFTTT
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The Jammu and Kashmir Bank hits Rs 3 lakh crore business mark on 16% deposit growth

Jammu and Kashmir Bank has crossed the Rs 3 trillion mark in total business during the first quarter of the current fiscal. This growth, exceeding 20% year-on-year, was fueled by a increase in both deposits and gross advances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SgUNf4e via IFTTT
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Corporate loans outpace retail

Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly strong bank credit growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H0FItCo via IFTTT
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JPMorgan names Rahul Badhwar senior country officer for India

JPMorgan has appointed Rahul Badhwar as its senior country officer for India, a significant move for the financial giant. Badhwar, formerly the global head of corporate sales at HSBC, will now lead JPMorgan's operations in the country. This strategic appointment underscores the bank's commitment to the Indian market and its growth ambitions. He will be reporting to Sjoerd Leenart, CEO for Asia Pacific. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kdbrFvf via IFTTT
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Jana Holdings to pare Jana Bank stake to repay its bond holders

Jana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including to TPG Asia. This move will also see the holding company relinquish its 'promoter' status. The company recently received debt restructuring approvals, extending payment deadlines to December 2026, with bondholders like TPG Asia acknowledging the planned equity sale strategy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lI3OgcD via IFTTT
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Don't worry, banks have shock absorbers: RBI

In its bi-annual Financial Stability Report, the RBI flagged concerns over customer service in the insurance sector and again cautioned that rising interconnectedness among financial institutions could act as a potential channel for contagion. The report noted that cybersecurity risks have emerged as a key financial stability concern. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/m3hbNKx via IFTTT
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HDFC Bank ropes in KKR Managing Director Jigar Shah to head Legal & Compliance

HDFC Bank is set to appoint Jigar Shah as its new General Counsel, bringing over three decades of legal and compliance expertise from the financial services sector. Shah, formerly with KKR and JPMorgan Chase, will officially take on the role in October 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Axvz1XJ via IFTTT
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