All Banking & Crypto Related Details

Union Budget 2026: India's banking sector is strong with improved balance sheets and high profits. Finance Minister Nirmala Sitharaman announced a high-level committee to review the system. This panel will chart the next phase of reform-led growth. It will also look at the role of Non-Banking Financial Companies. Public sector NBFCs will be restructured to improve efficiency and focus on key sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7q4Xz6K via IFTTT

State Bank of India is launching a new initiative to fund eight key sunrise sectors. These sectors include renewable energy, electric mobility, and semiconductors. The bank aims to direct capital flow and strengthen risk assessment for these growing industries. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z10CeFY via IFTTT

SBI chairman C S Setty calls for equal tax treatment on returns from equity investments and bank deposits. He believes this will create a level playing field for financial savings. A banking official also requests an extension of the tax holiday for income earned in Gujarat's GIFT City. This move aims to boost activity in India's International Financial Services Centre. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EmgQvO8 via IFTTT

Companies bidding on a recent opportunity must submit an unconditional offer, according to bid documents. Any conditions attached to an offer will make it invalid. The documents also state that bidders will not have the right to make changes to the share purchase agreement after it is submitted to the Department of Investment and Public Asset Management (Dipam). This information comes from people familiar with the matter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/78VSJsp via IFTTT

In a bold stride towards economic empowerment, Regional Rural Banks are ramping up their financial support for agriculture and small enterprises. This initiative comes on the heels of a notable surge in net profits, coupled with an impressive capital to risk-weighted assets ratio, showcasing their financial resilience and commitment to fostering growth in rural landscapes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EFVocw1 via IFTTT

RBI rate cut: This is the first data point reflecting the 25-basis point repo rate cut announced by the Reserve Bank of India in December 2025, following cumulative policy easing of 125 basis points over the course of 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0NyMqeL via IFTTT

Citigroup India has appointed Ankur Khurana as its new head of commercial banking. This move signals a stronger focus on India's growing mid-market corporate sector. Khurana brings over two decades of banking experience. She previously worked at Standard Chartered Plc. This position was vacant since July. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kEh0RGN via IFTTT

The Reserve Bank of India has paused plans for banks to disclose climate change risks. This move impacts global efforts towards a low-carbon economy. The proposed rules, discussed since 2022, aimed for banks to report loan portfolio risks and mitigation strategies. Implementation was expected from fiscal year 2027. The central bank cited current priorities and potential costs for corporates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4OzjRxZ via IFTTT

A new India-EU trade deal opens doors for EU banks in India. EU banks can now establish 15 branches over four years. India also permits 100% foreign direct investment in its insurance sector. In return, Indian professionals will benefit from a more stable visa regime. This agreement boosts financial services for both regions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UhNP97y via IFTTT

Indian private banks increased loan write-offs by over 22% in the December quarter. This move aims to clean balance sheets. Despite low reported bad loan ratios, underlying stress persists, especially in retail and unsecured lending. Banks are proactively managing credit costs. This trend highlights ongoing asset quality pressures that observers are watching closely. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iOfBjqL via IFTTT

This government backing aims to support the sector facing delinquencies and funding challenges. The scheme will incentivize banks to lend to microfinance institutions, especially smaller ones. It will be implemented outside the union budget framework and announced after Cabinet clearance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dFlt1L5 via IFTTT

ATM cash withdrawals saw a dip in 2025. However, people took out more money per transaction. CMS Info Systems reported this trend. Digital payments also grew significantly. Insurance spending rose, while education, hospitality, and entertainment saw reduced spending. This reflects shifts in consumer behavior. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XBRWaZp via IFTTT

Seven out of eight public sector banks that released quarterly results so far held on to or improved margins from the previous three months, helping them maintain profitability despite a challenging macro environment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6DYCiHI via IFTTT

Credit card usage in Mumbai saw an 8% rebound last month, reaching ₹2.05 lakh crore due to seasonal demand and year-end spending. Net new card additions hit a three-month high of over 900,000, boosting the total active cards to 115.7 million. Analysts anticipate steady spending momentum, supported by ongoing consumption trends and festive demand. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lD4HYs8 via IFTTT

The strike by the UFBU, an umbrella body of nine unions representing officers and employees, materialised after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to yield a positive outcome. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0m4jNLY via IFTTT

Banking services across India face disruption on Tuesday, January 27. Public sector banks will remain closed due to a nationwide strike. Employees are demanding a five-day work week. This follows a failed conciliation meeting. With banks already closed on Sunday and Republic Day, this strike will cause a three-day service halt. Digital services and ATMs may also see localized issues. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jqHeRfw via IFTTT

The UK, France, and China show high bank credit-to-GDP ratios. This suggests substantial lending to businesses, individuals, and across borders. Germany and Japan also demonstrate high levels of credit penetration, aligning with financial systems that rely heavily on banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gJmt8qK via IFTTT

Bank employee unions will strike on January 27. This follows failed conciliation talks. Public sector banks may face disruptions. The strike adds to the January 26 public holiday closure. Operations could be significantly affected. Unions are demanding a five-day work week. Discussions with government and Indian Banks' Association yielded no positive results. The strike is confirmed. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ztfThE6 via IFTTT

India's Axis Bank has paused plans to sell a stake in its consumer lending arm, Axis Finance. This decision follows the central bank's easing of proposed restrictions on overlapping business activities between banks and their subsidiaries. The move allows Axis Bank to re-evaluate its capital-raising needs for Axis Finance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KpFTtiu via IFTTT

The Reserve Bank of India is injecting over 23 billion dollars into the banking system. This move aims to ease funding conditions. The central bank will use three key instruments. These include open market purchases of government bonds. A dollar-rupee buy/sell foreign exchange swap is also planned. Additionally, a variable rate repo auction will be conducted. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/enKDW0V via IFTTT

IndusInd Bank has appointed former SBI MD Arijit Basu as its new Non-Executive Independent Director and Part-Time Chairman, effective January 31, 2026. Basu, who brings extensive banking experience, will serve a three-year term. This appointment follows the completion of Sunil Mehta's tenure as chairman. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/idJaIbB via IFTTT

IndusInd Bank has appointed Arijit Basu as Non-Executive Independent Director and Part-time Chairman for a three-year term starting January 31, 2026. Basu, a seasoned banker with experience at SBI and HDB Financial Services, will succeed Sunil Mehta. His appointment aligns with regulatory requirements and brings extensive financial sector expertise to the bank's leadership. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/czsIH5N via IFTTT

State Bank of India Chairman Challa Sreenivasulu Setty is attending the World Economic Forum in Davos. He is discussing the bank's focus on artificial intelligence and cybersecurity. India's economic and technological growth is a key highlight at the forum. Union Ministers are also presenting India's progress in renewable energy and semiconductors. India is set to become the world's third-largest economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oEJaSpX via IFTTT

SBI Chairman Challa Sreenivasulu Setty anticipates a private investment rebound once US tariff issues resolve. He believes SBI can achieve its growth aims organically, focusing on AI to boost efficiency. Setty also noted room for consolidation in public sector banking, but SBI does not need inorganic growth. Savings accounts are stable, but current accounts are impacted by government cash management. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eGwPNdy via IFTTT

Several Indian banks are modifying their lending approaches in response to current market dynamics. Federal Bank and Yes Bank have reduced their retail lending activities, particularly focusing on housing loans which typically offer lower returns. They are also scaling back loans to large corporations that are seeking favorable interest rates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Pnf68BX via IFTTT

New Reserve Bank of India rules will allow private banks to pay significantly higher dividends than state-owned banks. This shift is due to linking payouts to core capital instead of total capital. While ceilings are rising, banks are expected to continue conserving capital. The changes aim for a more robust dividend distribution framework for the banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZyqrN4O via IFTTT

Punjab National Bank is on an impressive expansion journey in South India, boasting record-breaking profits of ₹5,100 crore. This financial upswing signals an expected boost in net interest margins, alongside a steady growth in deposits and advances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ghyuCtp via IFTTT

Punjab National Bank reported its highest-ever quarterly net profit of ₹5,100 crore for the December quarter, a 13% increase year-on-year. The bank aims for consistent quarterly profits exceeding ₹5,000 crore, driven by growth in retail, agriculture, and MSME sectors, along with new profit-generating verticals. PNB also made a significant floating provision for the ECL framework to strengthen its balance sheet. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JAmevUj via IFTTT

The Reserve Bank of India has strengthened priority sector lending compliance, mandating external auditor certificates from intermediaries to prevent double-claiming of loans. This move follows scrutiny of banks for misclassifying agricultural loans. The RBI aims to ensure credit flows to priority sectors by enhancing monitoring and internal controls. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zkO5NY7 via IFTTT

Public sector banks have approved more than 3.96 lakh MSME loan applications. These loans total over Rs 52,300 crore. The approvals occurred between April 1 and December 31, 2025. This was under digital credit underwriting programmes. These programmes use digital footprints for MSME loan appraisal. This offers MSMEs easier access to credit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/O6vU49W via IFTTT

ICICI Bank and HDFC Bank have been instructed by a regulator to make significant one-time provisions. ICICI Bank must set aside an additional Rs 1,283 crore, while HDFC Bank is required to allocate Rs 500 crore. The regulator has also urged both banks to identify and address shortcomings in their loan portfolios. These adjustments are necessary to ensure compliance with Priority Sector Lending (PSL) norms. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qRPOSDa via IFTTT

ICICI Bank's board has approved Sandeep Bakhshi's reappointment as Managing Director and Chief Executive Officer. His new term will begin on October 4, 2026, and conclude on October 3, 2028. This decision is subject to approvals from the RBI and shareholders. Bakhshi has led the bank since 2018, focusing on risk controls and asset quality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8qlTmhi via IFTTT

Standard Chartered is reviewing its retail credit card business in India as part of a broader effort to reshape its operations in the country, people familiar with the matter said. The bank has held preliminary discussions with stakeholders and could take a decision as early as this year, though talks remain at an early stage and may change. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HWSYkqe via IFTTT

Government is pushing state-owned banks to use the JanSamarth portal for loans up to one crore rupees. This digital process aims to speed up credit for micro and small businesses. Banks can automatically access borrower data for faster loan approvals. This initiative is set to improve credit access for MSMEs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tHOrUql via IFTTT

Indian banks' credit-to-deposit ratio hit an all-time high of 81.75% as of December 31, signaling pressure to attract deposits amid robust loan demand. This elevated ratio reflects challenges in deposit mobilization, with investors seeking higher returns elsewhere, and a lag in deposit growth compared to credit expansion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TjfX7l6 via IFTTT

Investec India has partnered with veteran banker Ravi Kapoor's SACS Partners to jointly conduct investment banking business in the country. Kapoor will serve as Vice Chairman of Investment Banking at Investec India. This collaboration aims to offer clients a superior combination of high-quality advice and world-class execution in financial advisory, M&A, and capital raising. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TnsaeMr via IFTTT

The pace of rise in bank profitability is likely to bottom out this fiscal year, and gradually improve in FY27 as funding pressures ease and net interest margins (NIMs) stabilise, the agency said in its outlook on the financial sector for FY27. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kNnCfc8 via IFTTT

The Reserve Bank of India has enhanced its review mechanism for customer complaints within regulated entities, mandating a senior-level review before rejection or partial resolution. This move aims to ensure speedy and meaningful grievance redressal, with internal ombudsmen playing a key role in oversight and reporting to the board's customer service committee. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0ViLwyD via IFTTT

Indian banks face a structural concern with low deposit growth. This is leading to high credit deposit ratios, which may limit loan growth to 13 percent in FY27. Despite this, the economy is showing signs of recovery. State-owned banks are improving their performance and asset quality. Non-bank finance companies will adopt a cautious approach. Microfinance institutions have overcome recent challenges. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sNQplYB via IFTTT

India's central bank has given Sumitomo Mitsui Banking Corp initial approval to establish a wholly-owned subsidiary. This move allows the Japanese bank greater operational freedom in India. Previously, Sumitomo Mitsui Banking Corp operated through a branch. The new subsidiary will be a separate legal entity, offering treatment similar to local banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SFGrw36 via IFTTT

India's central bank warns that rapid digitalization is shrinking the window for regulators to address financial risks. Deputy Governor Shirish Chandra Murmu emphasized the need for proactive detection and agile interventions to maintain stability. He highlighted challenges including the speed of technological change, fragmented oversight, calibrating regulation, systemic risks from innovations, and cybersecurity concerns. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6PeCDsS via IFTTT

Standard Chartered Bank has relaunched its priority banking services. This move aims to enhance wealth offerings for clients with assets between Rs 50 lakh and Rs 2.5 crore. The bank will provide curated travel and wellness privileges. An invite-only credit card will also be available. India remains a strategic growth market for StanC's wealth and retail banking business. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nwEzCXJ via IFTTT

India’s central bank has warned that rapid digitalisation is shrinking the time regulators have to spot and respond to financial risks, calling for more agile and proactive oversight to protect stability. Speaking at a global supervisors’ conference, RBI Deputy Governor Shirish Chandra Murmu said fast-evolving technologies are outpacing traditional regulatory processes, while digital platforms are blurring regulatory boundaries and fragmenting oversight. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VCdwUhJ via IFTTT

Indian banks are set to deploy nearly 17,350 ATMs in the coming months. A significant majority of these will be advanced cash recyclers. This move signals a shift towards modern technology for better efficiency and lower costs. Banks are prioritizing smarter machines that reduce cash handling needs and improve service availability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VdZ1KE4 via IFTTT

India's Credit-Deposit ratio has risen significantly, indicating robust financial development and economic growth. Banks have demonstrated a strong recovery post-pandemic, with asset growth rebounding sharply. Deposits and advances have expanded considerably over two decades. Public Sector Banks are regaining market share, reflecting renewed lending appetite. Banking employment has nearly doubled, with a shift towards higher-value roles. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZnDChHa via IFTTT

A State Bank of India report reveals banking system risks. Unsecured loans have surged significantly. Deposits and credit remain concentrated in just ten districts. This imbalance poses potential challenges. Public sector banks are regaining market share. Regional disparities in banking activity persist across India. The report analyzes data from the last two decades. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TaCJwnd via IFTTT

India's banking system has seen strong growth over two decades. Deposits and advances have risen sharply, showing deeper financial intermediation. Bank assets have also expanded significantly, reflecting renewed credit activity. Public Sector Banks are regaining market share. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0gyGwHi via IFTTT

Major banks like Bank of Baroda, RBL Bank, Yes Bank, and State Bank of India are opposing the Reserve Bank of India's directive to reveal information on defaulters and inspection reports. These banks have appealed to the Central Information Commission. The outcome of this case will significantly impact banking transparency and depositor rights. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kTeXb7d via IFTTT

Saarathi Finance, a new NBFC for MSMEs, secured an 'A-' rating from ICRA, highlighting strong capital, investor backing, and management. Despite initial losses due to startup costs, the company has Rs280 crore in assets under management and plans branch expansion. ICRA noted its potential for profitable scaling and asset quality maintenance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4ch5DJw via IFTTT

The bank is considering increasing its board strength to around a dozen members from the current nine with the aim of strengthening oversight and aligning with evolving regulatory expectations. Currently, managing director and CEO Rajiv Anand is the only executive on the board. Others are non-executive and independent directors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jGSowlQ via IFTTT

Indian banks experienced a market capitalization boost in the October-December quarter. Festive season demand and reduced GST rates fueled this growth. Smaller private banks led the gains, outperforming public sector lenders. The Nifty Bank index also saw a significant rise. Systemic credit growth is improving, with expectations of further acceleration in the next fiscal year. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/w3qYrEJ via IFTTT

The Income Tax Department has raised major concerns over virtual digital assets (VDAs), including cryptocurrencies, echoing the Reserve Bank of India’s cautious stance. Officials highlighted risks such as anonymous, cross-border, and near-instant transfers, use of offshore exchanges, private wallets, and decentralized platforms, which make tax tracking and enforcement extremely difficult. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IW7vkYZ via IFTTT

Punjab National Bank is selling bad loans exceeding ₹760 crore, including significant exposures to Gammon India and Simbhaoli Sugars. This follows a larger sale attempt last week of ₹2,500 crore in non-performing assets. The bank aims to recover at least 40-50% of the identified ₹4,000-5,000 crore in bad loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8X6ruFS via IFTTT

India is seen by Bank of America as a pivotal market for expansion, given its remarkable economic dynamism and captivating story on the global stage. The bank's top executive in India notes the significant appeal stemming from an increasing clientele and the ambitious international growth of Indian enterprises. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EPKor0M via IFTTT

State Bank of India chairman Challa Sreenivasulu Setty inaugurated the bank's first Global Capability Centre in Bengaluru. He also opened 11 new branches. SBI established a dedicated team for GCC banking needs. The bank announced several Corporate Social Responsibility contributions, including school upgrades, hospital equipment, tree plantation, and an e-ambulance donation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Ssi2mtQ via IFTTT

State Bank of India has awarded a significant Rs 1000 crore, 10-year contract to CMS Info Systems. This deal covers cash outsourcing for 5,000 ATMs across India. The agreement will enhance cash efficiency and ATM uptime for millions of customers. The project is set to begin in January 2026. This marks a major step in bank outsourcing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/P4YE7QG via IFTTT

As of March 2025, the DICGC insured 41.5% of total bank deposits by value, covering ₹100.12 lakh crore. The deposit insurance fund saw a 15.2% year-on-year increase, reaching ₹2.29 lakh crore. The RBI also approved a risk-based deposit insurance framework to enhance financial stability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/bRmnF4P via IFTTT

India's investment banking sector achieved a record $1.3 billion in fees in 2025. Initial public offerings and mergers and acquisitions fueled this growth. Jefferies topped the league table with significant fee earnings. Equity capital markets contributed the largest share of fees. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xCE93Du via IFTTT

Global credit rating agency Fitch Ratings on Tuesday said a tighter risk framework is helping in strengthening India's bank operating environment, reflecting improving systemic resilience and risk controls in the Indian banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/onDyiFx via IFTTT

Banking system's loan-to-deposit ratios hit an all-time high of 81% in the December quarter, signaling a widening gap between credit growth and deposit mobilization. Major lenders like HDFC Bank saw their LDRs approach 100%, prompting concerns about potential deposit rate hikes or limited scope for passing on RBI rate cuts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1osD7Nz via IFTTT

Bank of Maharashtra said its total credit rose 19.61% year on year to ₹2.73 lakh crore in the October–December quarter, up from ₹2.29 lakh crore a year earlier. Corporate credit stood at ₹1.02 lakh crore, while retail, agriculture and MSME advances totaled ₹1.71 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/COYoERX via IFTTT

HDFC Bank reported sequential growth in loans and deposits for the December quarter, supported by festive-season spending and tax cuts. Loans rose 2.7% to ₹28.45 trillion ($316.13 billion), while deposits increased 2.1% to ₹28.6 trillion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IjnaHBL via IFTTT

Indian banks show improved asset quality with declining bad loans. Special Mention Accounts and Gross Non-Performing Assets have fallen significantly. Stress in MSME and unsecured loans has also eased. While overall credit costs are stable, certain segments like micro-LAP and commercial vehicles require monitoring. Lenders report better collection efficiencies, indicating a positive trend in the banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RgFS8De via IFTTT

Bank employees' unions are threatening a nationwide strike on January 27. They are demanding a five-day work week. This strike could impact public sector banks for three consecutive days due to upcoming holidays. Unions state they have agreed to longer working hours daily to compensate. Many other institutions already operate on a five-day schedule. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EDsd1mZ via IFTTT

Bandhan Bank's loans and advances grew 10% year-on-year to Rs 1,45,227 crore in Q3 FY26. Total deposits rose 11.1% to Rs 156,723 crore. Retail deposits showed strong growth, increasing by 17.2%. The bank's collection efficiency improved to 98.1% in December 2025. Liquidity coverage ratio remained comfortable at 149.14%. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kXgC6MG via IFTTT

Lending rates on fresh rupee loans rose by 10 basis points to 8.71% in November 2025, driven by state-run banks. This increase reflects rising bond yields and sluggish deposit growth, hindering the full pass-through of policy rate cuts to borrowers despite RBI's aggressive easing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jAlKr46 via IFTTT

State-run banks saw steady balance sheet growth in the December quarter, with loans continuing to grow faster than deposits. Average credit growth was about 14%, compared with deposit growth of nearly 11%, highlighting ongoing funding pressures. Brokerages expect loan growth to stay strong, supported by retail and MSME demand, despite persistent challenges in deposit mobilisation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SOZnv71 via IFTTT

Punjab National Bank reported strong growth in its third quarter business. Global business reached Rs 28.92 lakh crore, a 9.57% increase year-on-year. Domestic business also saw a rise of 9.09%. Deposits and advances both showed healthy year-on-year growth. The bank's shares closed higher on Friday. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/BW5Iyra via IFTTT

Kolkata-based UCO Bank announced strong financial results for the third quarter. The bank's total business grew by over 13 percent, reaching Rs 5.54 lakh crore. Advances saw a significant rise of 16.27 percent. Deposits also increased by 10.71 percent. The bank's low-cost fund ratio improved, indicating better financial health. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RC1zlay via IFTTT

Gold loans have seen a remarkable surge, growing by 125 percent in a year. This boom is attributed to rising gold prices, making it a more valuable collateral. Banks have now overtaken NBFCs in the gold loan market share. Other loan segments like vehicle and personal loans also showed growth, while consumer durable loans contracted. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/h75sb6x via IFTTT

State-run banks led the increase, raising lending rates by 16 bps month-on-month to 8.05%, while rates at private banks remained unchanged at 9.44%. Foreign banks, meanwhile, lowered lending rates by 6 bps to 8.18% from 8.24% in October. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nTuYsve via IFTTT

The National Financial Reporting Authority has issued a new toolkit to help small and medium accounting firms better assess risks of material misstatement in company audits, particularly at the revenue level. The regulator said the toolkit provides adaptable sample documents that can be tailored to different audit engagements. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8PhAyZU via IFTTT

The Reserve Bank of India said 98.41 per cent of Rs 2,000 banknotes in circulation have been returned since their withdrawal was announced in May 2023. The value of these notes has fallen from Rs 3.56 lakh crore on May 19, 2023, to Rs 5,669 crore as of December 31, 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TbtRInp via IFTTT

The Institute of Chartered Accountants of India has deferred the peer review requirement for auditors of state-run bank branches by one year, extending the deadline to December 31, 2026. The move gives audit firms and reviewers more time to prepare for compliance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JoLKz0x via IFTTT

Banks can now sponsor pension funds for India's National Pension System. This move by the Pension Fund Regulatory and Development Authority aims to boost competition. Banks must meet specific eligibility criteria. This is part of broader reforms. Subscribers can now invest in gold, silver ETFs, Nifty 50, and Alternative Investment Funds. Investment management fees will be revised from April 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/htbRE0X via IFTTT