All Banking & Crypto Related Details

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IndusInd Bank shareholders rejected a resolution allowing the Hinduja Group to appoint two nominee directors, with 54% voting against it. Despite prior approvals from the RBI and the bank's board, concerns raised by proxy advisors led to the proposal's defeat. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fGAmQ4Z via IFTTT

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Nabard plans its first external commercial borrowing in fiscal year 2026. Reserve Bank has already given its approval. The funds will support climate change projects. Nabard will establish an office in GIFT City for this purpose. The bank is waiting for the right time to borrow. It is avoiding domestic issuances due to high yields. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JTGpZkr via IFTTT

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The banking sector's loan loss provisioning surged to a three-year high in the June quarter, driven by increased provisioning from private sector banks. While private banks saw a significant rise, public sector banks reported a decline in provisioning. This increase was influenced by one-off provisioning events and policy changes at certain banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/haqRJcG via IFTTT

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The finance ministry convened a meeting with public sector bank heads to assess their Q1 FY26 financial performance, revealing a collective record profit of Rs 44,218 crore, marking an 11% year-on-year increase. SBI contributed significantly, while IOB and Punjab & Sind Bank showed substantial profit growth. The ministry urged banks to boost lending to productive sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/F6m9PSU via IFTTT

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The government is urging private sector banks to increase their involvement in key financial inclusion initiatives like Jan Suraksha and SLBCs. Concerns have been raised about the insufficient engagement of some private banks, hindering the effectiveness of these programs. The government is emphasizing the need for faster claim settlements and improved banking infrastructure in rural areas and the Northeast. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QFhMpa8 via IFTTT

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The revised accounting policy helped Sammaan Capital's report ?661.6 crore gains. In contrast, Axis Bank, which tightened its policy, made additional provisioning of ?614 crore, impacting its earnings. Bandhan Bank implemented procedural changes in the collection of dues, which led to marginal rise in stressed loans, although it did not immediately impact its earnings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CW04oAm via IFTTT

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State Bank of India and Union Bank of India have increased home loan rates, signaling a potential shift towards higher interest rates in the market, particularly affecting borrowers with lower credit scores. This move comes amid concerns over low-profit margins and increased competition, with private lenders expressing reservations about aggressive pricing strategies employed by public sector banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/42QwKst via IFTTT

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State Bank of India (SBI) has revised its IMPS charges, effective August 15th. Online fund transfers exceeding Rs 25,000 will now incur nominal charges ranging from Rs 2 to Rs 10, plus GST. Salary package account holders and specific current account holders are exempt from these charges, while revised charges for corporate customers will take effect from September 8, 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/O9viILn via IFTTT

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State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tariff increases. This decision aims to prevent SBI from facing US and European Union restrictions. The move follows EU sanctions restricting Russian fuel imports and a price cap on Russian crude, impacting banks with international operations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Gt3geVu via IFTTT

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IndusInd Bank announced on Monday the approval of Rajiv Anand's appointment as the chief executive officer. Anand's tenure will span three years, commencing on August 25, 2025, and concluding on August 24, 2028. This decision signifies a key leadership transition for the bank, setting the stage for its future direction. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/BHON7JD via IFTTT

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Many Indians who purchased Dubai properties using international credit cards are now facing tax and enforcement issues. These transactions, intended for current account expenses, are being flagged as violations since property purchases require banking channels. Buyers are now seeking ways to rectify the situation, including using the Liberalised Remittance Scheme and requesting refunds to avoid penalties. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lHU1A6I via IFTTT

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