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Banks are asking the government for clear rules on education loans for students at foreign universities in GIFT City. These courses are completed in India, but loans are treated as 'studies abroad'. Lenders want to update the education loan scheme. This includes removing visa requirements for loan approval. The issue was discussed internally and flagged to the government. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zIdjST3 via IFTTT

Fino Payments Bank's interim head Ketan Merchant stated the arrest of CEO Rishi Gupta will not affect the bank's transition to a small finance bank. He confirmed no abnormal impact on deposits. The issue involves program managers linked to the real money gaming business. The bank continues proactive engagement with the RBI. Customer balances and business volumes remain stable. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4SeA0oW via IFTTT

Fino Payments Bank is successfully moving towards becoming a small finance bank, with interim chief Ketan Merchant assuring stakeholders that the CEO's recent arrest won't hinder their plans or impact customer deposits. The bank maintains a strong line of communication with the RBI, and recent figures indicate healthy business activity and stable daily CASA openings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/npOCSDJ via IFTTT

Public sector banks are set to launch a global capability centre strategy by FY27. State Bank of India will lead this initiative. Banks will also develop advanced technology like AI stacks and blockchain. This move aims to modernize lenders and improve productivity. India's BFSI GCCs are projected for significant growth by 2032. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TjQVbNa via IFTTT

SBI has relieved Nitin Chugh as Deputy Managing Director effective March 2, 2026, after completion of his contractual tenure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/MVU1juk via IFTTT