All Banking & Crypto Related Details

Banks are now favouring borrowers with top credit scores. This shift reflects caution in lending. New customers are also getting fewer loans. Despite this, the overall credit market is improving. Asset quality is better. Gold loans are seeing a surge in volume and value. They now lead retail lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qOf8utZ via IFTTT

Utkarsh Small Finance Bank has offloaded bad loans worth Rs 1491 crore to asset reconstruction firms for Rs 195 crore. This move comes as the bank reported its worst gross non-performing assets ratio at 11% and a significant net loss in the third quarter. The sale involved two distinct pools of stressed microfinance loans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CqrE7go via IFTTT

Lenders are prioritizing borrowers with strong credit histories and higher loan amounts, leading to a decline in new-to-credit customers. Despite this cautious approach, the overall credit market shows improved health, driven by better asset quality. Gold loans are experiencing significant growth, now dominating retail lending by volume and value. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ezZ4nBv via IFTTT

Central Bank of India has received a Rs 296.08 crore demand notice from the Income Tax Department for a tax shortfall in FY25. The bank is challenging the assessment order, believing it has strong grounds for relief and expects the entire demand to be subsided without impacting its financials or operations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yhrdRxp via IFTTT

The Reserve Bank of India has capped loans for buying shares and other securities at ₹1 crore per borrower across the banking system, while loans for IPOs, follow-on offers and ESOPs are limited to ₹25 lakh per individual. The move aims to curb excessive speculative borrowing and reduce risks from leveraged positions during market swings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/h8xHywz via IFTTT

The microfinance market saw growth in February. The total loan book reached Rs 3.29 lakh crore. Loan disbursements increased. Portfolio quality improved. The bad loan ratio declined. Leaders now advocate for disciplined expansion. This follows past issues with over-lending. Overleveraged customers and loan servicing failures caused past crises. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T8FKQx3 via IFTTT

The order, issued on March 27, had barred the BoB from handling government transactions for five years, citing non-compliance with official instructions on fund transfers under the state's chief minister Kisan Yojana. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AVxpLvb via IFTTT

CMS Info Systems has acquired FSS's ATM Managed Services business. This move signals consolidation in India's ATM sector. The deal adds 8,000 ATMs to CMS's network. This acquisition follows the insolvency of AGS Transact Technologies. CMS aims to become the preferred partner for banks seeking fewer, larger service providers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Yv0Uzbh via IFTTT

CMS Info Systems is acquiring Financial Software and Systems' managed services business for Rs 115 crore. This move will significantly boost CMS' ATM management capabilities. The deal is expected to add 8,000 ATMs to CMS' existing portfolio. This acquisition strengthens CMS' position in the end-to-end ATM management sector. It also brings new private sector banking relationships into the fold. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oObngZ0 via IFTTT

Banks have requested the Reserve Bank of India to review its new $100 million cap on foreign exchange positions. The current limit could cause significant losses and force banks to unwind trades. Bankers are seeking relief before Monday's market opening to avoid substantial mark-to-market losses. The RBI's decision aims to curb the rupee's sharp fall. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B3Qshg4 via IFTTT

ICICI Bank CEO Sandeep Bakhshi was honored at XLRI's convocation. He spoke about India's growth fueled by people and technology. Graduates were urged to learn continuously and lead with purpose. Tata Steel CEO T V Narendran stressed the importance of global awareness and human skills. XLRI celebrated 530 graduates, encouraging them to build an inclusive society. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hJu3C4x via IFTTT

Doha Bank is exiting its branch operations in India. The Qatari bank will close its Mumbai and Kochi branches after more than a decade. It will now operate solely through a representative office in the country. This strategic shift was approved by the bank's board of directors. Doha Bank had launched its India operations in June 2014. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/plozLMO via IFTTT

Arijit Basu is the new part-time chairman of IndusInd Bank. Shareholders have approved his appointment. Basu has a strong background in banking. He previously chaired HDB Financial Services. He also held leadership roles at State Bank of India and SBI Life Insurance. Sunil Mehta will step down as chairman on January 30. The bank thanked Mehta for his service. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z3Am0vN via IFTTT

Banks' deposit growth is significantly trailing credit growth, with the gap widening to 300 basis points as of March 15. Deposits grew 10.8% year-on-year, while advances rose 13.8%. This has pushed the credit-deposit ratio above 83% for the first time, signaling increased liquidity risk for banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2Gomj1O via IFTTT

Fino Payments Bank has paused the re-appointment of its Managing Director, Rishi Gupta. This decision comes as the Reserve Bank of India will reassess Gupta's fit and proper criteria. The bank board withdrew a shareholder vote notice for his reappointment. Gupta was recently granted bail after an arrest related to GST investigations. His candidature remains unaffected pending these reviews. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DuoQS9J via IFTTT

HDFC Bank's chairman Atanu Chakraborty resigned abruptly due to a power struggle with CEO Sashidhar Jagdishan, stemming from strategic disagreements and governance issues. The dispute intensified over the CEO's reappointment, raising concerns about leadership stability at India's largest private lender. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IvCxPHc via IFTTT

Indian Banks Governance Risk: Indian banks are facing new challenges. Investor focus is shifting from bad loans to governance and leadership. Recent events at HDFC Bank, Yes Bank, IDFC First Bank, Kotak Mahindra Bank, and IndusInd Bank highlight these issues. Oversight lapses and boardroom dynamics are now critical. This marks a significant change in how risks are assessed in the banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Np87ilZ via IFTTT

Haryana Police have arrested Dileep Kumar Raghav, a former Kotak Mahindra Bank official. He is accused of sending fake reports about fixed deposits to Panchkula Municipal Corporation. The fraud involves around 150 to 160 crore rupees. Discrepancies emerged during fund reconciliation. The bank is cooperating with investigations and reviewing its processes. Multiple individuals are under scrutiny for potential collusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/P4ioFZ0 via IFTTT

India's retail inflation is projected to reach 4.5 percent in fiscal year 2027. This upward revision by ICICI Bank is driven by increasing energy costs. Higher petrol and diesel prices will now have a greater impact on consumer prices. This change is due to a revised weighting system for goods. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/q97gGJ8 via IFTTT

February 2026 witnessed a subtle decline in credit card transactions compared to the previous month, January. Despite this, a year-on-year comparison reveals increased consumer spending. Banks are enthusiastically welcoming new credit card clientele, which hints at a thoughtful growth strategy. The sustained expansion is primarily fueled by advancements in digital services and e-commerce. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QjO5g9w via IFTTT

The Reserve Bank of India is assessing bank exposure to West Asia. This move follows the Iran war's impact on global bonds and energy supply chains. Banks are asked for details on direct and indirect exposures. This includes companies with regional subsidiaries and retail banking through NRIs. The RBI aims to plan potential relief measures if the situation prolongs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7K8NdHV via IFTTT

Kotak Mahindra Bank will merge its wholly owned subsidiary, Kotak Mahindra Investments Limited (KMIL), into its own operations by April 1, 2026. This move aligns with RBI regulations and aims to simplify the group structure and enhance operational synergies. KMIL will cease new loan sanctions from the same date, while continuing to service existing obligations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/poMHtuY via IFTTT

The Reserve Bank of India thwarted over 61 million cyberattack attempts in late 2025. This number shows a rapid increase in threats. The RBI is now using artificial intelligence to detect and block attacks. The central bank also encouraged the payments industry to adopt new regulations. Innovations like standing instructions and card tokenisation have seen significant success. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/MQsS8D7 via IFTTT

HDFC Bank is reviewing the resignation of its chairman, Atanu Chakraborty. The bank has appointed external law firms to investigate the matter. Chakraborty cited practices not aligned with his values for stepping down. The bank's CEO stated they are examining all possibilities. Shares of HDFC Bank saw a decline following the resignation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/bkWp7vT via IFTTT

HDFC Bank is hiring law firms to review the resignation letter of its former part-time chairman, Atanu Chakraborty. Chakraborty stepped down citing differences over values and ethics. The bank stated there were no material issues. The Reserve Bank of India affirmed HDFC Bank's sound financial standing. Keki Mistry has been appointed interim chairman. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0NoUv48 via IFTTT

Bank of Baroda, said multiple people ET spoke with, charged a higher interest rate by mistake, leading to the deduction of an amount exceeding the scheduled equated monthly instalment (EMI). Alternatively, the bank charged less interest in some cases than it ought to have, its spokesperson said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TksOmYt via IFTTT

The government has no current proposals for merging public sector banks, according to Minister of State for Finance Pankaj Chaudhary. He highlighted the success of past amalgamations, citing significant growth in business for merged entities. Additionally, the EASE 9.0 Reforms Agenda aims to build globally competitive PSBs by 2047. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PO2DF4x via IFTTT

HDFC Bank is set to convene board meetings with the intention of scrutinizing its previous resolutions. The focus is on fostering transparency, as Managing Director Sashidhar Jagdishan emphasizes that operational challenges will lead to stricter oversight. Any conduct-related issues will be tackled decisively. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jx7ML3O via IFTTT

We will convene multiple board meetings over the next month to get the views of all directors on decisions taken over time. We will re-examine them, evaluate the action points and see where we need to improve. This issue was not of our making; it was thrust upon us. We will take stock of past matters and address all issues-existing or new-without hiding anything, says Sashidhar Jagdishan, MD & CEO, HDFC Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HRxJqlX via IFTTT

A new credit guarantee scheme aims to boost lending to microfinance firms. However, banks remain cautious. They will prioritize financially strong micro lenders with good credit ratings. Stressed microfinance institutions, especially smaller ones, may still face funding challenges. The guarantee offers partial protection but banks will not compromise their underwriting standards. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/msKXF7j via IFTTT

The government is considering an Offer-for-Sale (OFS) in IDBI Bank to raise public shareholding after a failed attempt to sell a majority stake. The move aims to improve valuation and price discovery, as the current public float is just 5.29%. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/h01lSgU via IFTTT

Uday Kotak has increased his stake in Infina Finance through his family trust, acquiring 8.99% for ₹375.35 crore as part of a broader stake sale by Kotak Mahindra Capital Company. In the larger transaction worth ₹1,293.91 crore, KMCC sold a 30.99% stake in Infina Finance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9yKtxcM via IFTTT

Managing the current crude oil, CNG, and LPG situation in India has become a primary focus as global supply chains face a "hard lockdown" due to escalating conflict in West Asia. India is leveraging its unique diplomatic standing to secure energy supplies despite significant disruptions at the Strait of Hormuz. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Pig3QEC via IFTTT

Kotak Mahindra Capital Company will sell a 30.99% stake in Infina Finance for over ₹12,939 crore. The transactions, expected to conclude by March 31, 2026, include transferring a 9.90% stake to Derive Trading and Resorts and Bright Star Investments for ₹413.35 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Xz8EsJF via IFTTT

Axis Bank proudly announces its role as the official banking partner for the DP World Professional Golf Tour of India, a move that promises to invigorate the golfing landscape in the country. With support for all tournaments this season, this partnership is a commitment to fostering golf talent and enhancing accessibility for fans. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ErgIdkv via IFTTT

HDFC Bank has addressed client onboarding issues at its Dubai branch. Personnel changes were made following an internal review. This action comes after regulatory scrutiny and a ban on new clients at the DIFC branch. The bank is committed to compliance and high standards. These developments follow previous concerns about cross-border operations. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/O4aNqFK via IFTTT

HDFC Bank's stock plunged after chairman Atanu Chakraborty resigned citing ethical concerns. Investors expressed disbelief during a call where management offered no clear explanations. Chakraborty, a former bureaucrat, later called his departure 'routine,' but the market reacted sharply, wiping billions in value. Analysts questioned the board's lack of specifics regarding the resignation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HNO0EaB via IFTTT

The Reserve Bank of India stepped in to assure markets about HDFC Bank's governance following the unexpected resignation of its part-time chairman, citing "values and ethics." Despite the RBI's statement, the bank's stock experienced a significant intraday fall, contributing to broader market declines. Management stated they had no insight into the chairman's reasons for leaving. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iJgtwT1 via IFTTT

HDFC Bank chairman Atanu Chakraborty has resigned unexpectedly. This move follows reports of disagreements with the bank's leadership. Sources suggest Chakraborty's involvement in daily operations and senior promotions caused friction. The bank's management and the regulator reportedly aligned against the chairman's actions. This development follows the significant merger of HDFC and HDFC Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SH6AVZJ via IFTTT

HDFC Bank aims to bolster investor trust following a significant dip in stock prices. With the resignation of its non-executive chairman over ethical concerns, the interim chairman reassures stakeholders, emphasizing that there are no pressing issues impacting the bank's operations. The institution's strong fundamentals remain intact, and management is proactively engaging with shareholders to rebuild confidence. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/A9aeiwP via IFTTT

Atanu Chakraborty has resigned as HDFC Bank's part-time chairman and independent director, citing concerns over "certain happenings and practices" not aligning with his personal values and ethics. His departure, effective immediately, follows two years on the board, during which he oversaw the significant merger with HDFC Ltd. Keki Mistry has been appointed interim chairman. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/A5wLcCI via IFTTT

Centrum Group has sold its housing finance subsidiary, Centrum Housing Finance. Weaver Services, backed by Premji Invest, acquired a 75% stake. This deal was completed after receiving regulatory approval. Weaver Services also raised Rs 950 crore to fund this acquisition. The capital raise totaled Rs 1,450 crore. Lightspeed Venture Partners co-led the recent funding round. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0xENZVQ via IFTTT

Axis Bank will inject Rs 1,500 crore into its subsidiary, Axis Finance, by March 2027. This capital infusion will be through a rights issue. The bank had previously considered selling a stake in Axis Finance but shelved the plan. This decision follows revised RBI guidelines allowing group entities to operate in similar businesses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/c4hxZ9y via IFTTT

Standard Chartered is considering offers from Kotak Mahindra Bank and Federal Bank for its Indian credit card customers. This move aligns with the bank's strategy to reduce focus on single-product clients. The sale involves up to 600,000 customers who only have credit cards. This divestment aims to improve profitability by shedding non-core assets. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jmaOYZR via IFTTT

Axis Bank will invest Rs 1,500 crore into Axis Finance by March 2027. This cash infusion follows a strategic review after plans to sell a stake were paused. The bank is reassessing its approach to the non-bank finance company. Axis Finance has shown consistent growth in recent years. A revised growth plan will be presented soon. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tr7JuyI via IFTTT

The government may restart the privatisation of IDBI Bank from scratch after financial bids came in below the reserve price, leading to the cancellation of the earlier process. A panel of ministers will review the situation and take a final call, with early discussions favouring a fresh start. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zuZXwD1 via IFTTT

The NPAs consist of a land parcel and building in Gurugram, Haryana, measuring about 7,800 sq m. The reserve price for the asset has been fixed at Rs 250 crore, with a bid increment amount of Rs 2.5 crore, as per a notice issued in newspapers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Ay2l7ov via IFTTT

Twenty-one million small borrowers exited formal finance. Lenders stopped new loans to those with overdue payments after a microfinance crisis. Many have returned to private moneylenders. This trend reflects tighter lending rules and market contraction. Loan disbursements saw a recent increase, indicating a slow recovery. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oMLhK7m via IFTTT

India's microfinance sector is seeing a significant shift. Lenders are now offering larger loans to existing customers with good repayment histories. The average loan size has reached its highest point. This indicates growing lender confidence and a move towards more substantial lending. New loan disbursements are also showing steady growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AliWLmz via IFTTT

India's financial sector faces challenges if the Middle East conflict continues. Banks and lenders will see higher costs and less liquidity. Borrowers, both companies and individuals, will feel the strain. Oil and gas supply disruptions will impact industries. The rupee may weaken. Despite these pressures, India's overall economic conditions are expected to remain stable. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2lDatey via IFTTT

Investigators found many cases of funds routed through multiple accounts or entities to obscure their origin, necessitating a deeper scrutiny under the anti-money laundering law, they said. The matter is connected to an ongoing investigation into alleged GST evasion related to online betting applications involving transactions totalling around ₹10,000 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YpuqKvw via IFTTT

Axis Bank must pay Procure Logistics Services Pvt Ltd Rs 3.19 crore. The National Consumer Disputes Redressal Commission found the bank deficient in service. Axis Bank refused to accept demonetised currency notes from the company during the 2016 demonetisation period. This refusal caused the company a direct and irreversible loss. The commission ordered payment with interest. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/30ruo7e via IFTTT

IDBI Bank sale: An outright cancellation of the strategic sale of IDBI will make it harder for the government to realise its FY27 disinvestment and asset monetisation target of ₹80,000 crore. At Friday's share price on the BSE, the sale of a 30.48% stake in IDBI Bank could fetch the government about ₹30,215 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CbPWf91 via IFTTT

Bank credit saw a strong 14.5% year-on-year growth by February 28. Deposits also expanded, reaching 11.9% growth. This marks an acceleration from the previous fortnight. Scheduled commercial banks hold Rs 251.90 lakh crore in deposits, with fixed deposits forming 87% of this amount. Total bank credit stands at Rs 207.54 lakh crore. The credit-deposit ratio slightly eased to 82.39%. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/f0j8IzT via IFTTT

The Directorate of Enforcement has searched 19 locations in a Rs 597-crore scam. Public funds meant for fixed deposits were allegedly siphoned off. The investigation involves former bank employees and shell entities. Proceeds were routed through jewellers and real estate developers. Over 90 bank accounts were frozen during the searches. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/a5ionOT via IFTTT

Banks will discuss internally how such schemes can be designed with a uniform loan application and other credit appraisal metrics. The retail loans will cover all consumer loans, including housing loans, subject to prudent lending guidelines, said an official. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/b72uMlj via IFTTT

IDFC First fraud: According to the Bureau, a breakthrough has emerged in the case, revealing that several fake firms and companies were created by the prime accused to illegally divert government funds into multiple bank accounts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B5oT0ng via IFTTT

Pension disbursing banks must now monitor and ensure pensioners submit digital life certificates. The government has introduced face authentication for easier submission using smartphones. Services of India Post and Payments Bank are also utilized. Mega camps are held to assist elderly, sick, and disabled pensioners. Pension adalats have resolved thousands of long-pending grievances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SPWwJFg via IFTTT

South Indian Bank has introduced Employees' Provident Fund payment services through its SIBerNet internet banking platform. This collaboration with EPFO allows employers to easily remit EPF contributions. The integration simplifies statutory payments for businesses. Employers can now use South Indian Bank's net banking facility for direct remittances via the EPFO portal. This move enhances the bank's digital offerings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fC20VZn via IFTTT

Public sector banks (PSBs) outpaced private lenders in credit growth during the December quarter of FY26, with loan growth ranging from 17-28% year-on-year. This surge boosted PSBs' market share in loans to 54.4%, while private banks saw a slight decline. Improved asset quality and corporate lending revival fueled PSB momentum. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tLZpNPW via IFTTT

IDFC First Bank fraud case: The agency conducted searches in Haryana and Chandigarh against various business entities who helped the accused persons get accommodation entries to conceal the money trail and proceeds of crime, they said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Gpa7i8O via IFTTT

India's booming digital commerce is marred by "dark patterns," design tactics that trick consumers into overpaying or buying unwanted items. From airlines to quick-commerce startups and banks, companies exploit weak regulations and a newly connected population. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8Dt0nrg via IFTTT

IDFC First said it is implementing two new controls for government, banking and institutional accounts. Under the revised protocol, the bank will first send an email to the registered email ID of the concerned account holder and will clear the transaction only after receiving explicit confirmation from that address, a spokesperson said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8dDtIvo via IFTTT

Banks collected about Rs 19,000 crore in penalties for not maintaining minimum balance between FY23 and FY25, with private banks accounting for around Rs 11,000 crore and public sector banks Rs 8,093 crore, according to data shared in Lok Sabha. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/d8BNlFu via IFTTT

Senior bankers in Asia are increasingly switching firms as deal activity in the region picks up, triggering fresh hiring and poaching among major global banks. Investment banks including UBS, Citigroup, JPMorgan, Morgan Stanley and Jefferies are competing for talent across sectors such as real estate and equity capital markets. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H4N98B3 via IFTTT

Kotak Mahindra Bank is exploring acquisitions to deploy its surplus capital and expand its scale, CEO Ashok Vaswani said. The lender has a strong capital position, with a capital-to-risk ratio of 22.6%, allowing it to consider even deals above $1 billion, though it will assess whether targets fit its strategy, valuation and management focus. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4EFzUHG via IFTTT

With nearly 72 crore basic savings accounts, including PM Jan Dhan accounts, enjoying the perk of no penalties for low balance, this initiative is a game-changer for financial inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PRFyNHz via IFTTT

NatWest Group India has appointed Ritu Tushir as its new head of HR in India. Tushir will spearhead the bank's people strategy, focusing on building a future-ready workforce with skills in data, AI, and cloud. Her role emphasizes accelerating reskilling and strengthening cultural enablers like well-being and DE&I. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/t1oGAsr via IFTTT

With the spotlight on Yes Bank's insider trading scandal, many of the involved executives are leaning towards settlements with Sebi, while just three are gearing up for a courtroom battle. The regulator's inquiries were sparked by a high-profile investment from private equity titans, Carlyle and Advent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IADUbp7 via IFTTT

The central bank said an NOHC would be needed only if the group later sets up additional financial services entities. The RBI had first issued an in-principle approval on Aug 7, 2025 for the transition from a small finance bank to a universal bank . from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UMSw6AY via IFTTT

The Reserve Bank of India is gathering information on foreign exchange deals from banks. This move aims to understand if significant bets are being placed against the Indian rupee. The central bank is looking at client transactions and bank positions. This data will help the RBI manage currency fluctuations and make informed decisions to control volatility in the coming days. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YNZscdK via IFTTT

RBI new digital fraud rules: Compensation will be provided if the loss is established as genuine under the bank’s internal policy and the victim reports the incident both to the bank and the National Cyber Crime Helpline (1930) within five days of the fraud. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HLB1Zia via IFTTT

Global banks seeking a share of India’s nearly $4 trillion economy are facing strict regulations, limited control and long timelines for returns as they try to expand in the country’s financial sector. Foreign investors encounter voting caps, complex approval processes and restrictions on management control, forcing many to adopt unconventional deal structures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rOAdMfD via IFTTT

Yes Bank has launched a new salary account for working women. The 'YES Essence Women's Salary Account' offers financial protection, healthcare, and lifestyle benefits. Features include a free locker, health cover, and cashback on a debit card. This initiative supports women's financial and lifestyle needs. The bank also recently detected unauthorized transactions on its forex cards. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pPKjdXI via IFTTT

IndusInd Bank's treasury head Siddharth Banerjee will step down in April. This marks another senior leadership change at the bank. Banerjee has led the global markets group since 2020. The bank has seen several top leadership exits recently. This follows a significant quarterly loss reported last year. Recruitment continues as the bank restructures its management. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VWaK8lS via IFTTT

To bridge the gap, banks turned to short-term borrowings, issuing Rs 1.34 lakh crore worth of certificates of deposit (CDs) - the highest ever for any two-week period - underscoring their continued reliance on market funding to sustain loan growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8MXH0c6 via IFTTT

New banking rules starting April 1 will boost liquidity coverage ratios for banks holding more wholesale deposits. Private lenders are set to benefit more as certain wholesale deposits will attract lower run-off factors. This change is expected to improve the overall LCR for banks. Public sector banks may see a smaller advantage from these adjustments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZVrvxp6 via IFTTT

The Reserve Bank of India is scrutinizing shadow banks. Several non-banking finance companies face questions regarding their policy on lending to borrowers with existing defaults. The central bank insists on a board-approved policy to justify new loans to such customers. This move aims to prevent evergreening and ensure transparency in lending practices. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ctIJOLW via IFTTT

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