All Banking & Crypto Related Details

UCO Bank announced strong financial results for the January-March quarter of FY26. The state-owned lender saw its credit grow by 19 percent to Rs 2.62 lakh crore. Total deposits also rose by 11 percent, reaching Rs 3.27 lakh crore. Low-cost CASA deposits saw an improvement. The bank's total business expanded by 15 percent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uileOJW via IFTTT

Banks are paying significantly higher rates for certificates of deposit, reaching near two-year highs. This reflects intense competition for funds and ongoing liquidity pressures. Several banks, including CSB Bank and Ujjivan Small Finance Bank, have offered elevated rates. This trend goes beyond seasonal year-end adjustments, indicating deeper funding challenges for lenders. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JWKZLpA via IFTTT

HDFC Bank has reported strong deposit growth, exceeding its assets under management expansion. This performance contrasts with the broader industry trend. The bank's current and savings account deposits also saw significant year-on-year growth. AU Small Finance Bank also experienced similar deposit growth outpacing its loan portfolio. This indicates a positive financial standing for these institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tlYuIe4 via IFTTT

Bandhan Bank reported a collection efficiency of 98.9% for March, an improvement from December's 98.1%, with assets under management growing 12.6% year-on-year. The bank's micro loan portfolio saw its collection efficiency rise to 98.6%, while the non-micro loan book improved to 99.3%. Loan and advances reached Rs 1.54 lakh crore by fiscal year-end. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PYahl0d via IFTTT

AU Small Finance Bank reported a 22.8% year-on-year deposit growth to Rs 1.53 lakh crore at the end of March while its gross loan portfolio, which includes securitised loans, grew 21.3% year-on-year to Rs 1.40 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1E0ysIm via IFTTT

Low-cost bank deposits have fallen to a two-year low. This trend increases borrowing costs for banks. Savers are moving money to higher-return options like stocks and gold. Bankers anticipate an improvement as global uncertainty grows. This shift impacts bank profits and forces reliance on costlier funding sources. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5egLmCf via IFTTT

The All India Punjab National Bank Officers' Association has written to the bank's managing director. They are requesting reconsideration of mass transfers for Scale IV officers and above. The union states these transfers will disrupt operations and impact the performance of the country's second-largest public sector lender. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1ISzrJW via IFTTT

Banks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding is at odds with bank CEO's statement that these were technical lapses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oFYy7Ah via IFTTT

The AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders and also the general public to feel reassured, and hence sought Sitharaman's intervention in the matter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/F4danEz via IFTTT

RBL Bank has secured crucial approval from the Reserve Bank of India for its deal with Emirates NBD Bank. This clearance is expected to initiate a mandatory open offer to shareholders as early as next week. Emirates NBD Bank is set to acquire a majority stake in RBL Bank, marking a significant foreign investment in an Indian lender. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kGywemt via IFTTT

The Reserve Bank of India has tightened foreign exchange rules. Banks can no longer offer non-deliverable forward contracts to clients. This move aims to support the Indian rupee. The new regulations also prevent banks from rebooking derivative contracts and dealing with related parties. These measures are effective immediately and could impact banks and corporate treasuries. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T6cjDQO via IFTTT

The Delhi High Court has declined to halt the 2024 performance-linked incentive scheme for senior public sector bank officials. Bank employee unions challenged the scheme, arguing it unfairly benefits a small percentage of the workforce and contradicts bipartite settlements. The court has requested responses from the government and the Indian Banks Association. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ADtTFys via IFTTT

Banks and telecom companies are developing a silent authentication mechanism to combat SIM cloning and eSIM swaps. This background check verifies mobile number and SIM card matches, flagging or blocking suspicious transactions in real-time without customer action. This move enhances security beyond traditional OTPs, aligning with new RBI mandates for two-factor authentication. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/E8ShFB3 via IFTTT

Indian Bank and four south-based private banks have announced robust financial results for the March quarter. Gross advances and deposits saw significant year-on-year growth. Lending to the RAM sector drove advances for Indian Bank. Private lenders also reported healthy expansion in advances and deposits, indicating a positive trend in the banking sector. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sLZpagd via IFTTT

Axis Bank introduces a new digital feature for customers. You can now update your registered mobile number using Aadhaar-based face authentication directly on the mobile banking app. This eliminates the need for branch visits. The process involves three simple steps: entering your new number, completing face verification, and confirming with an OTP. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kd6xBLq via IFTTT

Banks' credit growth is projected to slightly slow to 13% in FY27, with a potential 0.20% rise in bad loans to 2.5% by March 2027, according to Crisil. MSME loans exposed to West Asia, along with micro-loans and unsecured advances, are key concerns. Other factors include Bihar's microfinance bill and Maharashtra's loan waiver impact. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9xwGbAC via IFTTT