All Banking & Crypto Related Details

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Punjab National Bank aims to boost business loan growth by focusing on infrastructure, smart metering, and renewable energy projects, according to CEO Ashok Chandra. Despite overall domestic loan growth of 9.6%, business loans only grew by 6.9% in the first quarter. PNB reported a net profit of 16.75 billion rupees, impacted by a one-time tax charge. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HlNJyDX via IFTTT

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Reserve Bank of India (RBI) sets new rules for investments. These rules limit how much banks and NBFCs can invest in Alternative Investment Funds. A single entity can only contribute up to 10 percent of an AIF scheme. All regulated entities together cannot exceed 20 percent. RBI may exempt certain AIFs from these rules after consulting with the government. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NdnPBIG via IFTTT

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Bank credit expansion slowed in July despite RBI's rate cuts, growing at 9.8%, lower than the previous year and deposit growth. Retail loan growth has been particularly affected since November 2023 due to regulatory restrictions. A recent HSBC report attributes the slowdown to the real sector's challenges, impacting investment and personal loan demand. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uOpcZs0 via IFTTT

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Sanjay Nambiar, Yes Bank's group general counsel, has resigned after 15 years, amidst an Enforcement Directorate investigation into loan fraud during his tenure. The probe focuses on loans worth ₹3,000 crore allegedly diverted to shell firms linked to Anil Ambani's group. The ED is also scrutinizing Yes Bank's dealings with ADAG entities and Reliance Mutual Fund's investment in AT-1 bonds. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kn5TJW8 via IFTTT

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RBI Deputy Governor Swaminathan J urged Urban Cooperative Banks (UCBs) to prioritize governance, risk management, and secure technology adoption. He emphasized their unique community role and the importance of maintaining depositor trust. The National Urban Cooperative Finance and Development Corporation Ltd. (NUCFDC) aims to support UCBs, especially smaller ones, with technology, services, and financial assistance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kJmct0a via IFTTT

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SBI is navigating surplus liquidity, a welcome shift attributed to the RBI's actions. The bank anticipates a further policy rate cut this year, contingent on factors like a normal monsoon. While deposit mobilization is challenging, SBI focuses on personalized customer engagement and technological innovation to maintain growth and manage risks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4ud3wrq via IFTTT

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The Reserve Bank of India has issued new directives. Banks cannot charge pre-payment fees on floating-rate loans. This applies to individuals and micro, small enterprises. The rule covers business loans. It also includes other loans to individuals. Small finance banks and regional rural banks have some exceptions. These rules apply to loans sanctioned after January 1, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VjCoH5n via IFTTT

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