All Banking & Crypto Related Details

The UAE is poised to spearhead India's special FCNR(B) deposit scheme, with enticing dollar rates and beneficial tax incentives attracting considerable client interest. Bank officials project that more than ten billion dollars have already been sourced from the UAE. Although operational limitations for bank representatives create hurdles, the robust Indian expatriate community plays a vital role in enhancing contributions to this initiative. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/FdubI2K via IFTTT

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims to strengthen the identification and reporting of fake currency notes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wSJNrPo via IFTTT

Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as the principal falls. Loan amortisation shows how EMIs gradually repay both principal and interest. Early prepayments significantly reduce total interest paid over the loan tenure. Repo rate changes impact floating rate home loans, influencing EMIs or tenure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/21ZGyRQ via IFTTT

India’s formal retail credit market has expanded sharply over the past decade, with credit access rising from 35% of consumers in 2017 to 74% in 2026, according to TransUnion CIBIL. Consumption-led loans such as personal loans, credit cards and consumer durable loans have driven growth, shifting borrowing from asset purchases to lifestyle spending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5rD1vKC via IFTTT

"Our Casa was only 10% initially. For the first three or four years of taking over management of this bank, we slowed down the loan book and focused on building the Casa ratio to 50%," V Vaidyanathan, MD and CEO, IDFC First Bank, told ET in an interview. "If we had kept growing the loan book, we could never have addressed structural issues like this. I believe in playing the long game in every format." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/blNyS2E via IFTTT

Kotak Investment Banking is undergoing a noteworthy leadership transition. V. Jayasankar and Sourav Mallik will take the reins of the investment banking sector together, while Ramesh Srinivasan will become Non-Executive Vice Chairman. His years of experience will inform strategic advice and client engagement efforts, signaling a strong foundation for future growth in the organization. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/cJdnXps via IFTTT

HDFC Bank invested over Rs 1,316 crore in CSR initiatives during 2025-26. Their Parivartan program has positively impacted more than 10.77 crore lives. The bank's rural development program now reaches over 11,000 villages nationwide. Border village coverage significantly increased to 498 from 298 previously. These efforts aim for inclusive and locally relevant future development. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ybAkcDq via IFTTT

In the first quarter of FY27, revised liquidity coverage ratio (LCR) norms came into effect, reducing the assumed run-off rate on deposits from non-financial entities such as trusts, limited liability partnerships (LLPs), and partnerships to 40% from 100% earlier. The change lowered projected 30-day cash outflows for banks, providing flexibility to the LCR mandate. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iCYOvp7 via IFTTT

Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong winter harvest offers some financial cushion for lenders. Early stress is visible in personal and micro-enterprise loan segments. Lenders may slow small-ticket loan delivery due to risk aversion. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kNTGerc via IFTTT

Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 crore during the same financial year. HDFC and Axis Banks led private sector collections for these account charges. No penalties are applied to basic savings accounts, including Jan Dhan accounts. The government introduced a credit guarantee scheme to support businesses facing liquidity issues. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jpZDtR3 via IFTTT

Standard Chartered India is witnessing a series of senior leadership exits as it reshapes its wealth business and moves away from mass-market retail banking. Wealth head Saurabh Jain is joining Bandhan AMC, following earlier departures of two other senior executives, even as the bank doubles down on affluent and SME-focused growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TDek3pB via IFTTT

Bank of Baroda said its recent data leak resulted from the compromise of a single employee's email account and did not affect its core banking systems. The bank has launched a forensic investigation, informed regulators, and notified a cyber insurance claim while authorities assess the impact of the alleged data breach. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZjWvNkl via IFTTT

Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support overseas clients making FCNR (B) deposits. This move leverages a special swap facility from the Reserve Bank of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PjnRLQO via IFTTT

HDFC Bank has taken disciplinary action against certain employees after finding them guilty of business overreach related to deposit arrangements. As a result, three senior executives received both warning letters and a monetary penalty of one lakh rupees. This decision stemmed from an independent review, confirming no personal gain was sought. However, discrepancies with RBI directives raised concerns, prompting the bank to implement these measures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Z15BMxL via IFTTT

Sensitive Bank of Baroda data has reportedly been hacked and released. About one terabyte of personal and corporate banking details appeared online. This includes Aadhaar numbers, account records, and loan data from many branches. Internal communications and audit reports were also part of the leaked information. No hacker has claimed responsibility for this significant data breach. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HAOfhNV via IFTTT

Our credit cost was 2.13% of loans including the microfinance portfolio, against a guidance of 2.10%. This year, encouraged by seeing our credit quality in the first quarter, we are targeting 50 bps lesser credit cost, say 1.5% to 1.6%, says V Vaidyanathan, MD & CEO, IDFC Bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TMUAJiP via IFTTT

Punjab National Bank expects its FY27 net profit to exceed ₹20,000 crore after delivering more than ₹5,000 crore in quarterly profit for four consecutive quarters, Managing Director and CEO Ashok Chandra said. The lender also plans to enter acquisition financing from the third quarter following the RBI's revised guidelines. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/C1f2jKh via IFTTT

AU Small Finance Bank saw net profit rise thirty-seven percent to ₹796 crore. This growth was driven by better asset quality and healthy business expansion. Pre-provision operating profit increased nine percent year-on-year to ₹1435 crore. Net interest income surged thirty-two percent, boosting overall financial performance. The bank also announced Yogesh Jain's elevation to deputy chief executive officer. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/wWFcH4Z via IFTTT

State Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking operations across all branches. They will support customer engagement and deliver personalised banking services to over 53 crore customers. The bank continues to invest in talent development for an agile banking ecosystem. This recruitment reflects SBI's focus on evolving customer needs and digital initiatives. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k5UCWw6 via IFTTT

The rally in Indian government bonds is expected to lose momentum as hopes of inclusion in Bloomberg's Global Aggregate Index fade and the yield gap with developed markets narrows, with traders expecting yields to remain range-bound amid higher borrowing, interest rate uncertainty and crude oil price volatility. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5QE4hsW via IFTTT

ICICI Bank's $1 billion dollar bond sale via GIFT City, which drew strong global investor demand and secured lower borrowing costs, is expected to spur more Indian lenders to tap overseas debt markets under the RBI's subsidised hedging facility. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lVaL7H8 via IFTTT

Bank of India seeks $1.2 billion from foreign currency deposits and $2 billion from overseas borrowings. The bank has already secured $200 million through the FCNR-B window. This initiative aims to reduce reliance on costly bulk deposits for the institution. First quarter net profit jumped 36% to Rs 3,068 crore, showing strong performance. Advances grew 18.6% while deposits increased 14.9% during the period. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mN7rUgj via IFTTT

Ujjivan Small Finance Bank has achieved a significant milestone by increasing its secured loan portfolio. This strategic shift now represents over fifty percent of the bank's total loan book. The bank's gross loan book expanded by twenty-nine percent year-on-year. Ujjivan reported a three-fold jump in its first quarter net profit. Provisions were forty-three percent lower, aiding the profit growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ODJ9q4m via IFTTT

Bandhan Bank has lowered its FY27 exit return on assets (RoA) guidance to 1.2%-1.4% from 1.6%-1.8%, citing higher technology spending and uncertainty stemming from West Asia-led supply chain disruptions. The revised outlook triggered a sharp fall in the bank's market value. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/f1AN8k4 via IFTTT

The CBI conducted searches in Chandigarh and Ludhiana concerning a Rs 657 crore fund misappropriation. These searches targeted beneficiaries and public servants involved in the alleged fraud. Incriminating documents and digital evidence were recovered during the extensive searches. The investigation was transferred from Haryana's vigilance bureau to the CBI. This fraud involved siphoning government funds through forged fixed deposits and debit transactions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oVBGXIT via IFTTT

Indian banks are identifying twenty-five original equipment manufacturers for AI risk mitigation partnerships. A working group is developing a framework to identify and strengthen safeguards against cyberattacks. Banks will reduce network attack surface area by deploying defensive AI agents. Internal controls may not prevent exposure through weak vendors or third-party components. Vulnerabilities in embedded code can spread flaws across multiple financial institutions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xGa0eJM via IFTTT

Banks are attracting NRI dollar deposits through RBI's FCNR(B) window. These deposits offer projected returns of thirteen to sixteen percent. Customers can borrow multiple times their capital to amplify these dollar yields. However, early redemption carries substantial penalties and lender control over pledged funds. Investors face liquidity constraints and regulatory risks with these leveraged products. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/muDPEox via IFTTT

Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five-year period. Public sector banks filed recovery suits against 15,577 wilful defaulters by March 2026. These banks also recovered Rs 52,360 crore from wilful defaulters. The Reserve Bank of India has directed banks to avoid borrower harassment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/5vKYDN7 via IFTTT

Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in FCNR (B) deposits by September. This move diversifies the bank's asset portfolio and attracts foreign currency. PNB reported a significant profit jump for the quarter ended June 30. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/svK7Vr9 via IFTTT

Top private sector banks reported weaker net interest margins (NIMs) in the June quarter as sluggish retail loan demand pushed them towards lower-yielding corporate loans. HDFC Bank's NIM fell to 3.26%, Kotak Mahindra Bank's dropped to a 19-quarter low of 4.53%, while Axis Bank's stood at 3.46%. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/biDM8pg via IFTTT

The RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify documents and transactions to regularise genuine export-import cases. Clearing old EDPMS and IDPMS entries could improve compliance, prevent businesses from being flagged and ensure more accurate trade data. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/auLKNxn via IFTTT

Punjab National Bank is seeking a partner for its merger and acquisition financing portfolio. The bank aims to gather $2.5 billion in special FCNR(B) deposits and has already mobilized funds. Its corporate loan book is projected to exceed four lakh crore rupees this fiscal year. PNB is actively focusing on renewable energy and emerging sectors like hydrogen capacity. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QaOIVyu via IFTTT

Indian banks report robust loan growth driven by corporate demand. Companies are shifting from expensive bond markets to cheaper bank borrowings. This trend is expected to continue for the next two quarters. Banks possess healthy balance sheets and strong capital buffers. Loan demand is seen across various sectors like electronics and automobiles. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Rk1ld75 via IFTTT

Trade and NBFC credit are expected to remain among the fastest-growing segments of India's banking system, supported by rising formalisation of economic activity, deeper financial penetration and the expanding reach of organised lenders, according to a report by Ashika Institutional Equities. The report said continued adoption of GST, digital payments and cash-flow-based underwriting will support credit expansion, while banks are likely to increasingly favour well-capitalised NBFCs with diversified funding profiles and healthy asset quality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xDLzUJB via IFTTT

Punjab National Bank (PNB) has mobilised around USD 419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits and remains on track to achieve its USD 2.5 billion target by September 30, despite higher global yields and ongoing negotiations over deposit rates, Executive Director Amit Kumar Srivastava told ANI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4y9KdT2 via IFTTT

Axis Bank has appointed Rajeev Mantri as its new finance chief. Mantri joins Axis Bank after stepping down from Bandhan Bank in June. He brings nearly three decades of extensive finance experience to his new role. His appointment fills the vacancy left by Puneet Sharma's recent resignation. Mantri satisfies all eligibility criteria set by the Reserve Bank of India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/nM64rbY via IFTTT

Banks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee scheme for small firms. Many borrowers are unwilling to pay additional guarantee fees for these loans. Lenders plan to approach the government and RBI regarding these issues. This situation impacts credit access for micro and small enterprises. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k7WqRUM via IFTTT

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-owned and private sector banks' efforts. Other lenders like Bank of Baroda and Canara Bank raised smaller sums. Banks are now focusing on attracting overseas currency inflows from the Indian diaspora. This strategy aims to provide greater flexibility for high-net-worth clients. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/C2ud3kv via IFTTT

New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish board-approved policies for acquiring and disposing of these assets. These assets will be disclosed separately on balance sheets, not as NPAs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ErGlyKD via IFTTT

EXIM Bank of India presented a Rs 428 crore dividend cheque to Finance Minister Nirmala Sitharaman. The bank reported a net profit of Rs 4,273 crore for the financial year 2025-26. Ten percent of this net profit was transferred as a balance to the government of India. Exim Bank recorded thirty-two percent growth in net profit and robust financial indicators. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6orijCV via IFTTT

The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financial institutions. Banks and NBFCs will need to implement robust data lifecycle controls. A board-level committee will oversee the new data governance policies. This initiative seeks to ensure data accuracy, security, and fitness for purpose. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/b3mC6BV via IFTTT

Himachal Pradesh State Cooperative Bank will suspend services from July 17 to July 22. This temporary closure is for migrating to the Finacle Core Banking Solution. Customers will face disruptions in branch and digital banking operations during this period. The bank advises completing urgent transactions before the maintenance window begins. This upgrade aims to enhance security and improve overall customer banking experiences. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ywe4Mpv via IFTTT

State Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Officer for LIC, the nation's largest life insurer. He brings twenty-seven years of extensive experience in financial services and strategic planning. His expertise includes financial planning, capital management, and regulatory engagement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z07YCAf via IFTTT

HDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15, 2026. This appointment follows the bank's application and an earlier intimation to the regulator. The bank thanked Keki Mistry for his service as interim chairman. Mistry will continue his role as a non-executive director on the board. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sLIBKoR via IFTTT

Lending and deposit rates will likely moderate gradually in coming months. High-cost legacy deposits are maturing, and liquidity remains comfortable. Competition for retail deposits will keep rate declines measured. Fresh lending rates stood at 8.51 percent while deposit rates were 5.84 percent. Bank credit grew strongly, driven by retail and MSME lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1l5ioV4 via IFTTT

Fairfax Holdings aims to secure a major stake in IDBI Bank through an improved offer. The collaboration with the government and LIC is set to yield about fifty-three thousand crore rupees from their combined stakes. This groundbreaking investment will set a new record as the largest foreign influx into an Indian bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hD04sTX via IFTTT

India's largest private banks are reducing staff numbers. This shift reflects increased automation and artificial intelligence adoption. Technology now handles routine operations, freeing human resources for customer-facing roles. Banks like HDFC and Axis Bank are redeploying talent to advisory and sales functions. This trend signals changing skill requirements across the banking industry. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/S6LPW4q via IFTTT

India's government is nearing acceptance of Fairfax Financial's offer for IDBI Bank. Fairfax may slightly increase its per-share bid for the Mumbai-based lender. This potential transaction represents a significant government-backed disposal of a bank stake. Final approvals are still required from the Indian cabinet and RBI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UALfOqC via IFTTT

The one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular cash replenishment cycles were interrupted. Industry executives, however, said operations are expected to resume from Tuesday after several private sector banks agreed to renegotiate contracts and revise service fees, while discussions with other lenders continue. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yMk2cmx via IFTTT

Bandhan Bank has launched Cyber Cop, a nationwide cyber fraud awareness campaign under its CSR programme with filmmaker Rohit Shetty, as cybercrime losses in India remain a big threat. The initiative promotes safer digital behaviour through the "Pause. Verify. Report." message amid rising AI-enabled fraud and increasing online financial scams. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4oE1lJs via IFTTT

HDFC Bank executives saw salary increases in fiscal year twenty twenty-six. Deputy Managing Director Kaizad Bharucha earned seventeen point one four crore rupees. This total remuneration surpassed CEO Sashidhar Jagdishan's fifteen point one three crore rupees. Performance-linked variable pay significantly boosted their overall compensation packages. Executive Director V. Srinivasa Rangan received the largest percentage fixed pay hike. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/36qkWgz via IFTTT

The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fHgGxkc via IFTTT

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss increasing credit flow to productive economic sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/n7o5wJb via IFTTT

Atanu Chakraborty's earnings rose to Rs 1.07 crore in FY26, as per HDFC Bank disclosures. He resigned as chairman citing ethical concerns, which raised governance questions. The bank appointed external law firms to review Chakraborty's statement. These firms found no substantiation for his claims after reviewing records. Chakraborty attended all board meetings until his resignation on March 18, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Hal8y1p via IFTTT

HDFC Bank MD Sashidhar Jagdishan addressed chairman Atanu Chakraborty's resignation and governance questions. External law firms reviewed Chakraborty's statement, finding it unsubstantiated by records and interviews. The bank welcomed new chairman Rajiv Kumar, noting his financial sector reform experience. Jagdishan assured shareholders of the bank's commitment to strong corporate governance standards. HDFC Bank continued its upward performance with increased advances and profitability. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pVX1ag5 via IFTTT

HDFC Bank is shifting employees to customer-facing roles, leveraging technology for efficiency gains. The bank is accelerating AI investments to improve customer communication and tackle fraud. Cybersecurity defenses have been strengthened against evolving digital threats. HDFC Bank's in-house AI model, Neev, supports these security and operational enhancements. Governance issues were addressed following a chairman's resignation and subsequent investigation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KEZMXy5 via IFTTT

Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/GxhvC4s via IFTTT

Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India's economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8z93jnF via IFTTT

Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tmoKUry via IFTTT

Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign currency deposits from NRIs. RBI withdrew interest rate ceilings on certain foreign currency deposits until September 30. Concessional forex swap facilities are offered to banks for FCNR(B) deposits. This initiative aims to boost foreign currency inflows and credit flow to productive sectors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SJAVwx0 via IFTTT

Cyber fraud complaints and losses are increasing significantly in India's digital payment system. The Reserve Bank of India has proposed new safeguards to address these growing concerns. A one-hour lag on large transactions aims to reduce financial losses from fraud. Additional authentication for vulnerable users and scrutiny of mule accounts are also suggested. Customer-induced controls and a kill switch offer users more transaction management capabilities. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xJIyODd via IFTTT

State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from 2013. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sywzLba via IFTTT

Indian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting banks' leverage offerings to clients. High-net-worth individuals seek double-digit dollar returns, assessing tax implications. Banks are recalibrating deposit mobilization strategies after recent guideline releases. Investor expectations for higher spreads are increasing due to Indian supply. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WacsZLx via IFTTT

Small finance banks are expanding microfinance lending rapidly due to geographical diversification. Equitas and Ujjivan witnessed significant growth in microfinance outstanding this fiscal year. Utkarsh, however, reduced its micro loan exposure due to concentration risks. ESAF Small Finance Bank also reported a rise in micro loans and gross advances. Overall, the sector shows signs of revival, offering new business opportunities. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/N2YWhax via IFTTT

Banks have also been given the flexibility of dropping mandatory alerts for lowvalue transactions. However, top-draw private banks, such as HDFC Bank or ICICI Bank, are unlikely to reduce SMS alerts for such transactions to ensure their reputation for technology adoption and customer experience isn’t compromised. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T8PZlzi via IFTTT

The Reserve Bank of India has approved NS Vishwanathan's reappointment as Axis Bank's non-executive chairman. His new three-year term will commence from October 27, 2026, and conclude on October 26, 2029. This extension is contingent upon his reappointment as an independent director for the bank. Vishwanathan, a former deputy governor, has been serving as part-time chairman since October 2023. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Qj2n5bM via IFTTT

IDFC First Bank has launched provident fund payment services through its EPFO integration. This integration allows establishments to initiate PF payments directly via the EPFO portal. Transactions can then be completed using IDFC FIRST Bank's digital banking platforms. Customers can now make provident fund payments quickly and securely. The bank served 38 million customers as of March 31, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gycXE9G via IFTTT

HSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift indicates a move towards a more cautious approach in the private credit market, signaling a potential change in the bank's lending appetite for more speculative investments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DtrkHvy via IFTTT

Private banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster credit expansion during the same period. This divergence raises concerns about funding sustainability for state-run institutions. Private banks have steadily gained market share in deposits over a decade. Credit growth between the two bank types showed convergence in the recent quarter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/16ZLJPy via IFTTT

"Private banks utilise these write-offs and provisioning buffers to proactively clean up their balance sheets, while public sector banks generally rely more heavily on aggregate long-term or systemic recovery," said Kuntal Sur, partner and leader for risk consulting, financial services and treasury, at PwC India. "Unsecured retail loans in general have shown deteriorations leading to higher write-offs." from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4QdB07D via IFTTT

Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AkOKDZF via IFTTT

Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout, wiping out a quarter of its projected profit, raises serious questions about the bank's governance and disclosure practices. The settlement, reached without admitting fault, highlights a perceived leniency in regulatory oversight for state-owned banks compared to private institutions, prompting calls for more equitable enforcement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3W8dqiX via IFTTT

State Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8. The bank also hires IT professionals and domain experts as Specialist Officers. Last fiscal, SBI onboarded over 25,000 individuals, including officers and associates, demonstrating its commitment to generating employment and building a skilled workforce. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/iERL89K via IFTTT

Indian banks witnessed a surge in lending during the April-June quarter, outpacing deposit growth and widening the funding gap. This trend, driven by robust demand from corporate and retail sectors, has pushed the loan-to-deposit ratio to a decade-high, raising concerns about funding sustainability. While some lenders saw deposits decline, others maintained a balance, reflecting varied strategies amidst intense competition. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LX2IauA via IFTTT

HDFC Bank witnessed robust growth in its June 2026 quarter results, with gross advances surging 15.4% year-on-year to Rs 30.61 lakh crore. Deposits also climbed 14.7% to Rs 31.70 lakh crore. This strong performance, coupled with a slight increase in the loan-to-deposit ratio, signals growing confidence in the bank's balance sheet. Savers are increasingly favoring term deposits for better yields. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2WCHNFU via IFTTT

BLS E-Services has acquired Bengaluru-based Atyati Technologies for approximately Rs 157 crore in an all-cash deal. This strategic move aims to bolster BLS E-Services' reach and impact in underserved communities by integrating Atyati's AI-powered banking solutions and extensive network of customer service points. The acquisition is anticipated to drive significant synergies, including network expansion and cost efficiencies, contributing to long-term growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dgfjReV via IFTTT

HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mEht9Uk via IFTTT

Bank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of gross negligence, failing to conduct proper due diligence, and allowing fraudulent transactions without adhering to anti-money laundering and KYC norms. This payout, significantly exceeding its reported exposure, aims to resolve claims from NMC Health and its affiliates, stemming from a fraud discovered between 2012-2020. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rJ2Hki0 via IFTTT

The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for strategic sectors, will benefit from cheaper funding and enhanced financial flexibility, potentially driving economic growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uFEDpvl via IFTTT

Jammu and Kashmir Bank has crossed the Rs 3 trillion mark in total business during the first quarter of the current fiscal. This growth, exceeding 20% year-on-year, was fueled by a increase in both deposits and gross advances. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SgUNf4e via IFTTT

Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts have made bank loans more appealing. Analysts anticipate this trend to continue, supported by improved liquidity, though a shift back to debt markets is possible. Small businesses are seeing particularly strong bank credit growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/H0FItCo via IFTTT

JPMorgan has appointed Rahul Badhwar as its senior country officer for India, a significant move for the financial giant. Badhwar, formerly the global head of corporate sales at HSBC, will now lead JPMorgan's operations in the country. This strategic appointment underscores the bank's commitment to the Indian market and its growth ambitions. He will be reporting to Sjoerd Leenart, CEO for Asia Pacific. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/kdbrFvf via IFTTT