All Banking & Crypto Related Details

Gen Z is redefining banking, prioritizing mobile apps and UPI for all financial needs over traditional branches. Banks are adapting, with a significant portion of new digital customers being Gen Z, who seek speed, simplicity, and seamless experiences. This digital-first mindset is also influencing insurance, with a demand for instant, controllable products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jiBsy6o via IFTTT

Government is promoting collaboration among state-run banks. Select digital initiatives from Canara Bank, Bank of Maharashtra, and State Bank of India are being identified for wider adoption. These include geospatial analytics for business development, digital co-lending systems, and comprehensive digital transformation frameworks. Banks will evaluate and adapt these proven solutions to their specific needs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gf12AoO via IFTTT

RBI data reveals a shift in banking employment. Private sector banks reduced their workforce in FY25. Conversely, government-owned banks and small finance banks expanded their staff numbers. This growth, particularly from small finance banks, drove the overall increase in banking system employees. Major lenders like SBI added staff, while ICICI Bank saw a significant reduction. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pXQPsu0 via IFTTT

Despite service improvements, rising consumer grievances remain a concern for India's banking system, according to the RBI's Trend and Progress of Banking report. The central bank is prioritizing consumer education, protection, and robust grievance redressal, including combating digital frauds and enhancing the Integrated Ombudsman Scheme. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VhwRnXy via IFTTT

Indian banks have achieved a significant milestone. Their asset quality reached a multi-decadal low by September 2025. Gross non-performing assets dropped to 2.1%. Deposits and credit saw double-digit growth in 2024-25. Non-bank finance companies also reported improved asset quality. This marks a positive trend for the banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Pty41xm via IFTTT

Banks are asking the Reserve Bank of India for more time on loan relief for exporters. The current scheme ends this month. Exporters face ongoing challenges from global trade issues. Banks believe the real impact of these issues will be seen next quarter. An extension would offer a crucial safety net for exporters. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Pfoq17n via IFTTT

Public sector banks and financial institutions must now immediately report vigilance issues concerning their directors. The Finance Ministry issued this directive after instances where crucial adverse information was delayed. This includes private complaints, court observations, and inputs from law enforcement agencies. Such omissions are a serious concern for appointments and postings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SvKDJIL via IFTTT

PNB has sought expressions of interest (EoIs) by January 3, to be followed by a Swiss auction. This marks a rare instance in recent times of a bank offering corporate loan accounts for sale, as lenders have largely been focusing on the disposal of retail and microfinance (MFI) portfolios. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RnTmHkE via IFTTT

Punjab National Bank has alerted the Reserve Bank of India about a significant loan fraud. The fraud, totaling Rs 2,434 crore, was allegedly committed by the former promoters of SREI Equipment Finance and SREI Infrastructure Finance. These companies have since undergone resolution under the Insolvency and Bankruptcy Code. The bank has fully provisioned for the entire outstanding amount. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lekMUaD via IFTTT

Year ender 2025 special: India's banking sector became a global money magnet in 2025, attracting an estimated $14-15 billion in foreign investment. Major deals by Mitsubishi UFJ and Emirates NBD signaled deep strategic engagement, not just passive participation. This influx, driven by India's robust growth, cleaner balance sheets, and regulatory maturity, promises to reshape the financial landscape, fostering consolidation and innovation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TMl9pre via IFTTT

The report noted that while private banks remain the primary lenders to enterprises, non-banking financial companies (NBFCs) are steadily gaining share, particularly among sole proprietors, where they now command over 41 per cent of the lending share. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lKCWvLg via IFTTT

Aviom India Housing Finance promoter Kajal Ilmi has submitted a revised settlement offer of ₹554 crore upfront, aiming to repay lenders and withdraw bankruptcy proceedings. This comes after Unity Small Finance Bank emerged as the winning bidder in a challenge auction for the company. The proposal includes an equity infusion and aims to maximize value for stakeholders. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DBqyPN4 via IFTTT

India's fair trade regulator, CCI, has approved two significant deals. Blackstone will acquire a 9.99 per cent stake in Federal Bank through warrants. This move allows Blackstone to nominate a director to the bank's board. In a separate decision, CCI cleared Tata Steel's acquisition of full control over Tata BlueScope Steel. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/e6ikuP4 via IFTTT

HDFC Bank has significantly boosted its CSR spending, investing Rs 1,068.03 crore in 2024-25, a Rs 123 crore increase. Over a decade, its 'Parivartan' initiative has positively impacted over 10.5 crore lives across India, focusing on inclusive and sustainable development in key areas like rural upliftment and financial inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Wy8z7tG via IFTTT

India's credit card growth is slowing. New card issuances have dropped significantly. Private banks are increasing their market share in credit cards. Meanwhile, public sector banks are gaining ground in personal, home, and auto loans. This shift indicates evolving trends in consumer credit across different banking sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XNuCqxZ via IFTTT

State Bank of India chairman CS Setty anticipates corporate investment will resume as consumption stabilizes. The bank projects India's economy to grow over 7.5% in FY27. SBI aims to avoid equity dilution for the next five years and targets becoming the first bank to achieve 1 lakh crore in annual net profit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/THOh5RU via IFTTT

Credit card outstandings, despite fewer delinquencies, fell to 4.7% of total retail loans in October 2025, from 5% a year earlier, Reserve Bank of India (RBI) data showed. Growth in outstanding credit card balances within total retail loans slowed sharply to 7.7% in October 2025, from 16.9% a year earlier. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZAI15VM via IFTTT

SBI Chairman C S Setty announced the bank will reassess its construction finance policy for residential real estate, emphasising accountability and transparency. For commercial projects, developers need 40-50% tenant commitment to secure loans, aiming to avoid unoccupied buildings. Interest rates will be linked to MCLR, with NBFCs advised to lower operational costs for cheaper housing loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/92Dro6b via IFTTT

Japan's MUFG Bank is allocating an impressive 39,620 crore to acquire a 20% stake in Shriram Finance. Dubbed the largest foreign direct investment in India's financial sector, this venture is set to fortify Shriram Finance's capital base and turbocharge its growth trajectory. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HCAN7IJ via IFTTT

Japanese mega banks are significantly increasing their investments in India's financial sector, seeking growth beyond their saturated home market. MUFG's substantial stake in Shriram Finance exemplifies this trend, joining recent deals by Mizuho and Sumitomo Mitsui. India's robust economic growth and rising credit demand offer Japanese institutions a compelling alternative to Japan's demographic challenges. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZYX4rH8 via IFTTT

Standard Chartered Bank finds itself amidst a serious investigation involving its Bengaluru priority banking sector, as suspicions arise over the diversion of funds exceeding 80 crore rupees from accounts of high-net-worth individuals. This inquiry was initiated following the troubling report of a client who lost 2.7 crore rupees. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KFCqdR6 via IFTTT

HDFC Bank and Bank of Baroda have collectively secured $1.5 billion in overseas loans, bolstering their liquidity amidst stabilizing interest rates. HDFC Bank raised $1 billion through a three-and-a-half-year loan, while BoB secured $500 million via a five-year pact, with MUFG and HSBC involved in the transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/vj7bMhX via IFTTT

On the principle of 'One State One RRB', the Department of Financial Services, Ministry of Finance, has consolidated 26 Regional Rural Banks (RRBs) across 11 states/UTs, effective from May 1, 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/quyTC9c via IFTTT

ICICI Bank has been issued a Goods and Services Tax (GST) demand notice of Rs 238 crore by tax authorities for alleged short payment. The notice includes Rs 216.27 crore in tax and Rs 21.62 crore as penalty. The bank intends to contest the order through legal channels. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mpDVos9 via IFTTT

In its order, the central government referred to multiple ADT-4 forms filed under Section 143(12) of the Companies Act, 2013 by the bank's statutory auditors. An ADT-4 dated May 12, 2025 flagged accounting discrepancies aggregating about ₹1,959.78 crore for the period from FY2015-16 to FY2023-24. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zINWyrE via IFTTT

The Supreme Court said banks can be held liable for deficiency of service if laxity leads to cyber frauds such as digital arrests, and stressed the need for an early-warning system to alert account holders. Citing losses of about ₹3,000 crore, the court called the scale of such frauds shocking and urged the government and regulators to plug systemic gaps. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/m2uQKI0 via IFTTT

Mizuho Securities is set to acquire a majority stake in Indian investment bank Avendus from KKR for up to $523.15 million. This move will make Avendus a consolidated subsidiary of the Japanese financial group. The acquisition highlights the increasing presence of Japanese financial institutions in India's rapidly growing economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/69DsPkM via IFTTT

Kotak Mahindra Bank is restructuring its microfinance portfolio, significantly reducing joint liability group (JLG) loans to focus on individually underwritten loans. The bank aims to rebuild its microfinance book to previous levels, cautiously expanding to manage the cyclical nature of the business. Early indicators for its new underwriting model are encouraging, with improved collection efficiency. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZA4e0Hx via IFTTT

HDFC Bank has secured RBI approval for its group entities to collectively hold up to 9.50% in IndusInd Bank. This approval, valid for one year until December 14, 2026, allows for aggregate investments by entities like HDFC Mutual Fund and HDFC Life. The bank sought this increase as combined group investments were projected to exceed the previous 5% limit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Re9zqFZ via IFTTT

If any foreign company operating in India incurs any expenses outside India but that is also related to Indian business, Section 44C allows the deduction for that expense, but it is subject to the restriction provided in the provision. The restriction limits the expense to the tune of 5% of adjusted total income of the Indian business, it said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lLmePKp via IFTTT

State Bank of India has appointed Ravi Ranjan as its new managing director, effective December 15, 2025. Ranjan, previously a deputy managing director, will serve until his superannuation on September 30, 2028. The Central government made the appointment, and Ranjan is not disqualified from holding the position. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/71ZG2Pa via IFTTT

Axis Bank is expanding its private banking and wealth management services, hiring 50 senior bankers and planning to launch investment funds from GIFT City. This move aims to cater to India's growing wealthy population, with the bank extending its reach to tier 2 cities and beyond to capture rising demand. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RjT7Zvc via IFTTT

Bankers said the move will delay margin recovery since they cannot cut deposit rates sharply due to stiff competition from alternative investment avenues such as mutual funds. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/BNoqKEw via IFTTT

State Bank of India is launching YONO 2.0, a new version of its mobile banking app. The bank aims to double its YONO user base to 20 crore customers within the next two years. This upgrade offers enhanced digital experiences and seamless integration across banking channels. SBI also anticipates strong credit growth driven by its RAM segment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uQ1Kjvm via IFTTT

The Reserve Bank of India has directed banks to link MSME loans to an external benchmark with a three-month reset clause to improve monetary policy transmission. Existing borrowers can switch to this regime under mutually agreed terms. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/86r9gOt via IFTTT

The Asian Development Bank (ADB) has approved a $108 million results-based loan to support the Government of Mizoram in strengthening its public health care system and achieving universal health coverage. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/N5Xv8SO via IFTTT

Agentic AI is revolutionizing frontline banking sales by automating complex workflows and administrative tasks. This technology enables relationship managers to focus on high-value client interactions, leading to significant revenue increases and cost reductions. Banks are adopting agentic AI as a new operating model for enhanced productivity and client engagement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uSQ7riw via IFTTT

State Bank of India and Indian Overseas Bank have reduced lending rates by 25 basis points, mirroring the RBI's policy rate cut. This move makes loans cheaper for existing and new borrowers, impacting EMIs for retail, MSME, and corporate clients. MCLR and Base Rate have also been lowered. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TEACQY4 via IFTTT

Indian banks are seeking to increase their merger financing limits. Lenders want to raise the cap to 20% of core capital from 10%. This move aims to help them compete better in a growing deals market. The Reserve Bank of India is considering the proposal. This could allow Indian banks to win more business from global rivals. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eKb2JoX via IFTTT

Fairfax Financial seems poised to take the lead in acquiring a significant stake in IDBI Bank, with Kotak Mahindra Bank hot on its heels. As financial bids draw near, there’s speculation about a potential deadline extension. Fairfax is leaning towards a full cash offer amidst the government and LIC's plans to offload more than 60% of the bank's shares. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oxSwdgK via IFTTT

Kotak Mahindra Bank is expanding its mid-market corporate loan book, targeting companies with ₹500 crore to ₹1,500 crore in turnover. This segment, which has grown over 35% compounded annually since its launch, is expected to see 20-25% growth over the next five years. The bank aims for this mid-market book to reach at least 20% of its total corporate portfolio. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Y9JydKg via IFTTT

Bank exam rules: The Finance Ministry has revised the recruitment examination and result declaration timelines for public sector banks to streamline processes and enhance transparency. A new sequence will see SBI results announced first, followed by Nationalised Banks, and then Regional Rural Banks, aiming to reduce attrition and improve workforce planning. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ApnmOqW via IFTTT

JPMorgan Chase is poised to open its fourth branch in India, receiving in-principle approval from the Reserve Bank of India for a new location in Pune. This expansion, the first in nearly a decade, will serve corporate clients with a comprehensive range of financial products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VCITadu via IFTTT

Savings deposits in rural centres also posted a robust 10% increase, the fastest pace in six quarters. Experts attribute this shift to rising rural incomes while growth in the metro areas appears to be losing momentum as financially savvy investors increasingly divert funds into higher-yielding avenues such as mutual funds and equities. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6TNzEZA via IFTTT

The Reserve Bank of India is actively engaging with banks to bring consistency to service charge disclosures and eliminate duplicate fees. This initiative, which comes on the heels of state-run banks lifting penalties for not maintaining minimum average balances, seeks to simplify the charges presented to customers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EyqQYrG via IFTTT

By Ségolène Le Stradic from NYT World https://ift.tt/TghkK6G via IFTTT

By Michael M. Grynbaum from NYT Business https://ift.tt/UqQZSBh via IFTTT

By Vaughn Vreeland from NYT Food https://ift.tt/L2Vac3j via IFTTT

Fino Paytech has secured the green light to upgrade its payments bank to a small finance bank, following the guidelines set by the Reserve Bank of India. Affected major investors are mandated to trim their stakes, with an 18-month timeline to meet these new ownership regulations. In addition, the bank plans to enhance its technological framework and human resource management. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nKWTkYP via IFTTT

By Annalena Baerbock from NYT Special Series https://ift.tt/EIl8Mqv via IFTTT

By Unknown Author from NYT Opinion https://ift.tt/62AyruW via IFTTT

By Sarah Bahr and Lanna Apisukh from NYT Style https://ift.tt/KZO9fPx via IFTTT

By Jeanna Smialek from NYT World https://ift.tt/sEL2QtI via IFTTT

By Anna Martin, Reva Goldberg, Emily Lang, Davis Land, Christina Djossa, Amy Pearl, Sara Curtis, Elisa Gutierrez, Jen Poyant, Lynn Levy, Daniel Ramirez and Dan Powell from NYT Podcasts https://ift.tt/JLhPyM6 via IFTTT

By The Learning Network from NYT The Learning Network https://ift.tt/Nf7hlb0 via IFTTT