All Banking & Crypto Related Details

Indian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer spending. Higher input costs will impact corporate profits. Small and medium enterprises face significant pressure. Lenders are becoming cautious about lending to this segment. This situation will be visible in upcoming financial results. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9xpY26u via IFTTT

Indian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopters are seeing success, many companies still face hurdles in infrastructure and governance. AI is now integral to core operations, not just customer service. Future plans focus on boosting productivity and customer growth through AI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/petqbsC via IFTTT

Indian banks will see a slight dip in their return on assets this fiscal. This is due to lower treasury income and early provisions for a new accounting rule. Despite this, profitability will remain strong, well above historical averages. Net interest margins are expected to stay stable. Credit growth will continue to be healthy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/osXAVDj via IFTTT

Although number of frauds for public and private sector banks reduced, the amount involved has increased over the years. Number of frauds was highest under card, internet, and digital payments category in the past two financial years. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YrQnzdb via IFTTT

Public sector banks received guidance from the Centre to prepare for global uncertainties. The finance ministry reviewed bank performance and launched a portal for unclaimed financial assets. Banks were urged to adopt austerity measures and support borrowers under the ECLGS 5.0 scheme. Efforts to strengthen digital banking and credit access for MSMEs were also discussed. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7GWLMHz via IFTTT

The bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted even if offers are below the reserve price, said the people cited above. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hrgaZfH via IFTTT

Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IWOUyjk via IFTTT

Indian mid-tier banks and financial firms face significant cyber risks. They have embraced digital technology but lag in cybersecurity spending compared to global peers. Attackers are leveraging advanced AI, making cyber threats more potent and less costly. Many Indian CISOs report defenses are being outpaced. Institutions must now integrate AI defense with securing their own AI systems to build resilience. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/l3QCxJA via IFTTT

Central Bank of India targets Rs 5,000 crore annual profit during this fiscal year. A new tax regime offers a significant boost. The bank plans 150 new branches and hiring 1,400 employees. Customer centricity, HR transformation, and technology are key drivers. Enhanced cybersecurity builds customer trust. These steps position the bank for a crucial role in India's economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6VEHTmP via IFTTT

HDFC Bank stands resolutely against accusations of misconduct as an investigative report alleges that it masked differential interest payments to MSRDC as part of its marketing budget. The bank emphasizes its stringent internal controls and refutes any speculation of wrongdoing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wxVMGYk via IFTTT

Customers are embracing generative AI at an unprecedented pace. This rapid adoption is outpacing traditional technologies, leaving banks with limited time to adapt. Consumers are already using AI for sophisticated financial tasks, even outperforming professional stock pickers. Banks must quickly evolve their products and services to meet this growing demand and trust in AI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wSH0Ik2 via IFTTT

Banks are facing difficulties settling claims when multiple people are nominated on accounts. This is causing operational problems for financial institutions. They are now seeking guidance from the Reserve Bank of India. Existing rules allow up to four nominees. Issues arise when nominees do not claim jointly. Courts have also added to the confusion with differing judgments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/cquUid3 via IFTTT

Axis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. "We are focused on growing the business and growing it with the right set of customers in a profitable way," said ICICI Bank Group chief financial officer Anindya Banerjee. "We have been seeing reasonably steady new customer acquisition and would hope to see better numbers in terms of growth." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kwbYPUf via IFTTT

Fino Payments Bank announced that the Reserve Bank of India has approved a three-month extension for Ketan Merchant as interim CEO. This follows the earlier approval for his appointment after the arrest of MD and CEO Rishi Gupta. Gupta has since taken voluntary retirement. The bank's shares saw a rise on the BSE. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qC1ca3W via IFTTT

The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately, ensuring better governance in these financial institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xo7m20u via IFTTT

Private banks are set for stronger earnings growth in the coming two years. Loan growth is expected to be similar for both private and public sector banks. However, private lenders will likely see better profits due to stable margins and fewer risks. Public sector banks may face profitability pressures from various factors. Market valuations are considering current banking sector challenges. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Er09qIA via IFTTT

Indian banks and companies are asking the Reserve Bank of India for help with offshore debt. High costs to protect against currency changes make borrowing abroad more expensive than at home. This is slowing down foreign fundraising. A new support system could lower these costs. This would help bring more foreign money into India and support its economy. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lAChmY0 via IFTTT

Yes Bank is embarking on an ambitious journey to enhance its foundational elements—people, processes, products, and technology. With a keen eye on both corporate and retail sectors, the bank is committed to fostering resilient growth. While it remains vigilant about lending to MSMEs in light of geopolitical uncertainties, there's currently no sign of distress. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mjlB3Jx via IFTTT

HDFC Bank has provided Rs 300 crore in funding for a Rs 2,000 crore ultra-luxury residential project in Hyderabad's Kokapet. This investment highlights a trend of developers seeking structured financing amid moderating sales and strong demand for premium homes, with Hyderabad leading southern India's luxury market. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hgTIWoj via IFTTT

Government directs state-run banks to identify successful initiatives for wider adoption. The focus will be on lending to unorganised sectors, marginalised groups, and rural populations. This strategy aims to prevent credit crunches for small borrowers and MSMEs. Discussions will also cover IT updates, loan digitalisation, and risk management. The government seeks to boost credit availability for eligible businesses. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hCNbkmj via IFTTT

Sandeep Bakhshi will continue as ICICI Bank's chief executive for another two years. The Reserve Bank of India has approved his reappointment. Bakhshi's term will now extend until October 3, 2028. He has been leading India's second-largest private lender since 2018. The bank recently reported strong net profits for the quarter ending March 31. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/r5XnWz9 via IFTTT

SBI Mutual Fund has increased its holding in Bandhan Bank. The fund now owns over 5 percent of the bank's paid-up share capital. This stake was finalized on May 20, 2026. SBI Mutual Fund acquired additional shares from the open market on that day. Bandhan Bank's shares saw a slight increase in trading on Friday. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RUMxlmf via IFTTT

Central Bank of India is set to expand its services with new initiatives including launching credit cards and a wealth management business. The bank will also open a branch in Gift City. These moves aim to drive business growth and strengthen its market position. The bank is focusing on capability building and enhancing digital platforms to attract and retain corporate clients. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4EiIwBG via IFTTT

SBI staff, under the All India State Bank of India Staff Federation, are threatening a two-day nationwide strike from May 25 over demands including adequate employee recruitment and stopping outsourcing of permanent jobs. The strike, potentially impacting operations for five days due to weekends and an Eid holiday, will be preceded by a conciliation meeting on May 23. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uy2R6z7 via IFTTT

The CBI has filed its first chargesheet in a major corruption case. Fifteen individuals, including bank officials and Haryana government employees, are accused of misappropriating Rs 504 crore. The funds were allegedly siphoned off from government accounts through collusion. The investigation is ongoing, with more chargesheets expected soon. This probe has expanded to include IAS officers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9Ii4wTM via IFTTT

Banks must prioritize customer experience to stay relevant, evolving branches into 'phygital' advisory hubs, according to an EY India report. The future of banking hinges on a blend of human interaction and AI, focusing on anticipating needs and providing timely support. While personalization is growing, trust in chatbots lags, highlighting a need for empathy and robust data privacy alongside automation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/vm6NL58 via IFTTT

Private banks saw their profitability dip in FY26. Net interest margins faced pressure as loan rates adjusted faster than deposit rates in a falling interest rate environment. Treasury income also declined. This led to a moderation in return on equity for major lenders like HDFC Bank, Axis Bank, and ICICI Bank. Experts anticipate these challenges to persist in FY27. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/GKjMXap via IFTTT

Banks have asked the Reserve Bank of India to relax new lending rules for Infrastructure Investment Trusts. The proposed three-year operational track record requirement could delay infrastructure monetisation and new project funding. Lenders prefer asset quality over trust age for financing eligibility. This change aims to ensure smoother fund recycling and attract global investors for new infrastructure projects. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/IEy8tPX via IFTTT

Indian banks are increasingly offering loans against mutual funds. This move targets younger, tech-savvy customers who prefer market-linked investments. Banks are leveraging digital platforms for a seamless process. This product is expected to gain popularity in the coming years as more people invest in mutual funds. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/c8HbidR via IFTTT

HDFC Bank has implemented a work-from-home policy for up to two days a week for employees in Business and Corporate Enabling Functions for the next 30 days. This decision aligns with Prime Minister Modi's call to conserve fuel amidst rising crude oil prices. Customer-facing operations will remain unaffected. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iUN2CIs via IFTTT

The Reserve Bank of India has cancelled the license of The Yashwant Co-operative Bank, Phaltan, Maharashtra, citing inadequate capital and poor earning prospects. The bank's operations will cease from May 19, 2026, with depositors to receive insurance claims up to Rs 5 lakh. Approximately 99.02% of depositors are expected to receive their full deposit amounts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7vKQBWd via IFTTT

Central Bank of India is set to launch its IFSC Banking Unit at GIFT City next month with an aim to expand its international banking operations. The bank will offer specialised services and access to international financial markets for corporate clients. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/J7ijFc5 via IFTTT

"Senior executives and board members at HDFC Bank are understood to be in favour of maintaining continuity at the top level until the ongoing legal review is completed and its findings are discussed by the board," a bank official said. "The view within the bank is that initiating the process for appointing a new chairman before the review concludes could be premature and may complicate governance discussions currently underway." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/r3YbBZL via IFTTT

India’s finance ministry has directed state-run banks, insurers and financial institutions to cut costs through measures such as limiting travel, holding meetings virtually and shifting to electric vehicles. The order applies to institutions including State Bank of India, Bank of Baroda and Life Insurance Corporation of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4GAS8LI via IFTTT

ICICI Bank will maintain its majority stake in ICICI Prudential Life Insurance following its partner Prudential's acquisition of a controlling stake in Bharti Life. This move necessitates Prudential reducing its holding in ICICI Prudential Life to below 10%. Despite market jitters, ICICI Bank reaffirms its long-term commitment to the life insurer. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fiHZcpA via IFTTT

A Nagpur consumer commission directed SBI to pay Rs 5 lakh to a widow. The payment is for an insurance claim filed six years late. The commission cited the widow's mental shock after her husband's sudden death. It stated the bank failed to inform customers of their rights. The bank's refusal was deemed a deficiency in service. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/r6p4jwP via IFTTT

Mumbai Police have filed a fresh FIR against former Yes Bank co-founder Rana Kapoor and investor Sudhir Valia for an alleged ₹1,000-crore fraud. The case involves the premature transfer of loan recovery rights and undervalued sale of mortgaged assets belonging to Sapphire Land Development Pvt Ltd. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gZE1aY7 via IFTTT

Jana Small Finance Bank is poised for a significant capital infusion. The TVS Venu Group plans to acquire a 10% stake. Several other investors are also lining up to invest. This marks Jana's first equity raise since going public. The bank's capital adequacy ratio remains strong. TPG Capital may partially reduce its holding. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Fm6BR7x via IFTTT

Public sector banks in India saw loan write-offs fall to multi-year lows in fiscal year 2025-26. This positive trend is attributed to fewer new bad loans and better recovery of existing ones. Banks like Bank of Baroda and Punjab National Bank reported their lowest write-offs in years. This signifies a healthier balance sheet for these institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tRIw3Y8 via IFTTT

The Central Bureau of Investigation has conducted searches in Chandigarh and Panchkula concerning a Haryana bank scam. Financial records and digital evidence were seized. Officials from IDFC First Bank and AU Small Finance Bank allegedly colluded with Haryana government public servants to misappropriate funds. Sixteen individuals have been arrested as the investigation is expedited. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lTI3dzC via IFTTT

The Indian government is set to revolutionize the landscape for Regional Rural Banks with the introduction of a central tech hub dedicated to digital service enhancements and fortified cybersecurity. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H0JVNA9 via IFTTT

The Reserve Bank of India has cancelled registration certificates for several non-banking financial companies and core investment companies. This action follows surrender requests from entities like RR Holdings and Anjali Capfin. HDFC Holdings' certificate was cancelled as it is no longer a legal entity post-merger. Other companies surrendered their certificates due to exiting the NBFI business. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5UxiRZ3 via IFTTT

Bank of Baroda plans to double its balance sheet over the next five years, betting on strong economic growth in India, rising credit demand and expansion of fee-based income streams. CEO Debadatta Chand said scale and capital strength are essential for Indian banks to compete globally, especially as discussions continue around creating larger state-run lenders. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SyxB6zk via IFTTT

India's major banks are disclosing more climate data but not using it for lending decisions. Physical climate risks like floods and heat are worsening, impacting bank portfolios. Few banks conduct climate stress tests or phase out coal lending. The Reserve Bank of India is providing data but not mandating disclosures. Delayed action risks financial instability and stranded assets for banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/vDgYMfi via IFTTT

Shivalik has received Reserve Bank of India's (RBI) approval for this acquisition while it has sought clearance from the Registrar of Companies. The deal comprises share swaps and a cash payment, people familiar with the matter said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7qFVfNp via IFTTT

The Reserve Bank of India has eased rules for non-bank entities facilitating outward remittances. Prior approval from the RBI is no longer required for these tie-ups. Authorised Dealer banks will now be solely responsible for compliance and customer verification. Customers will receive clear information on forex rates, costs, and credit times for their transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rdYX96R via IFTTT

Jammu and Kashmir Bank has recorded its highest profit to date, soaring to Rs 2363.47 crore in FY-26. This achievement marks a significant recovery from past hardships, says bank chief Amitava Chatterjee. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T9O8HSV via IFTTT

Canara Bank saw a 10% dip in net profit last quarter, mainly due to treasury losses. The bank is now prioritizing core income to maintain its net interest margins. Advances are expected to grow between 11-12% this year, while deposit growth is projected at 9-10%. Asset quality remains strong with a low slippage ratio. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fjXJWZH via IFTTT

Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Drz1G8P via IFTTT

Indian savings accounts are evolving beyond mere transactional tools. With rising interest rates, institutions like IDFC FIRST Bank are offering higher yields, challenging the traditional view of savings accounts as low-return options. This shift encourages a more active approach to managing funds, highlighting the opportunity cost of holding 'idle' money. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8WkyZXV via IFTTT

SBI Chairman CS Setty highlighted the dual nature of digital finance growth, noting both opportunities and vulnerabilities like cyber risks and algorithmic biases. He stressed that trust must be the foundation of India's expanding financial system, emphasizing that innovation should not compromise safety or inclusion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/7YLcnk1 via IFTTT

In recent interactions with RBI, officials of big state-owned and private sector banks have suggested a dynamic regulation on the unhedged forex exposure, by linking an institution's NOP to its size and flows, two bankers told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z7p9SBe via IFTTT

Small Finance Banks are shifting focus to secured loans like gold loans. This move aims to stabilize their financial health and earnings. The unsecured microfinance sector continues to face high bad loan ratios. This strategic pivot is happening as regulators encourage diversification. Some larger banks are also growing their microfinance business. This change is crucial for long-term stability and growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2GopLR6 via IFTTT

CMS Info Systems has secured a significant Rs 400 crore order from HDFC Bank. The deal involves managing 6,000 ATMs for the next five years. This partnership will also include advanced solutions like currency forecasting and AI technology. The company expects this to boost its revenue from private sector banks. This follows recent large contracts with ICICI Bank and SBI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZKfvFG9 via IFTTT

Bank credit growth picked up pace to 16 percent in the fortnight ending April 30. Deposits saw a year-on-year growth of 12.3 percent. This marks an acceleration from the previous fortnight. Outstanding credit reached Rs 212.12 lakh crore. Deposits in the system stood at Rs 258.64 lakh crore. The credit-deposit ratio was 82.01 percent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0sFDfzv via IFTTT

State Bank of India’s board will meet on May 12 to consider raising up to $2 billion through long-term foreign currency bonds in FY27 via public offers or private placements. Meanwhile, Axis Bank has secured a $500 million three-year loan from Japan’s MUFG at SOFR plus 85 basis points, with the funds aimed at lending and general business needs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rhd68uy via IFTTT

Financial services secretary M Nagaraju warned the banking community about the potential risks posed by Anthropic's Mythos AI model. He emphasized that banking risks now extend beyond traditional financial concerns to include technology and cyber threats, urging institutions to prepare for potential public release of such advanced AI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tnCXgdQ via IFTTT

Indian banks are taking steps to ensure the safety of their staff in West Asia. Some banks have already moved operations to India to manage wholesale activities remotely. This comes after the government advised banks to assess risks and provide support. The situation in the region is being closely monitored, with a focus on business continuity and staff well-being. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1AIeFVU via IFTTT

Indian financial authorities are alerting banks to the significant risks from advanced AI models. Secretary M Nagaraju highlighted the potential threat of AI like Anthropic Mythos. He stressed the need for banks to strengthen cyber defenses and operational resilience. SBI Chairman CS Setty echoed these concerns, noting AI's dual role in defense and offense. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZUqkJci via IFTTT

The Reserve Bank of India has approved Kotak Mahindra Bank's increased stake in AU Small Finance Bank and Federal Bank. Kotak can now hold almost 9.99 percent in both lenders. This move allows Kotak to build significant minority stakes. The approvals were confirmed through regulatory filings. Markets showed a mild reaction to the development. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HsJOvVl via IFTTT

Indian banks are well-prepared for the new expected credit loss framework. Fitch Ratings confirms sufficient capitalisation. The framework starts April 1, 2027. A slight decrease in common equity tier 1 is anticipated. Banks can use a four-year transition period. Initial provisions are higher than forecast. This supports a positive outlook for Indian banks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2vsjgd0 via IFTTT

Julius Baer has appointed Kunal Sumaya as interim country head for India. He will replace Umang Papneja, who is leaving after four years. Papneja will stay until July. Julius Baer is expanding its presence in India, a key growth market. Sumaya, with 17 years at the firm, will focus on onshore growth and the global Indian client base. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XIqSpVZ via IFTTT

Punjab National Bank is seeing strong digital growth, sanctioning one in three loans digitally and crossing ₹1 lakh crore in digital sanctions. The bank reported a 14% profit jump for the fourth quarter of FY26. PNB anticipates further growth in retail term deposits and aims for a 12-13% credit growth in FY27. Digital transactions now exceed 95% of total transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1Kl5gMx via IFTTT

Industry veteran Deepak Parekh stated the banking and financial services sector is not facing major systemic risks from global geopolitical uncertainties. He anticipates a short-term slowdown in loan growth. Real estate investment trusts are growing in India. Insurance penetration remains low. Deposit mobilization has moderated as retail investors favor mutual funds. Artificial intelligence's impact on finance is still evolving. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/9cuQFNX via IFTTT

RBI's repo rate cuts in FY26 were only partially passed on to borrowers, with lending rates declining but not matching the full policy reduction. While weighted average lending rates fell by 93 basis points, the transmission varied across bank types and loan segments, leading to estimated borrower savings of Rs 19,000 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JRN5IrZ via IFTTT

The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uIP9wEn via IFTTT

Punjab & Sind Bank is targeting a significant milestone of Rs 3 lakh crore in total business by the end of the current financial year. This ambitious goal is driven by expected loan growth and deposit expansion. To fuel this expansion, the bank plans to raise substantial funds through equity and debt issuances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H1UBkvS via IFTTT

Axis Bank has opened its first digital locker branch in New Delhi. This new facility aims to provide advanced security and customer experience through automated locker services. The bank is responding to a growing demand for safe deposit lockers, especially in urban areas. Industry estimates predict a significant increase in locker requirements by 2030. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UVEPoZh via IFTTT