All Banking & Crypto Related Details

As of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the validity of service contracts and foreign entities involved. Furthermore, banks will also be tasked with tracking export revenues and handling overdue export bills, creating a challenging landscape in service imports and exports aimed at curbing money laundering and suspicious trading practices. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/6lQdI7j via IFTTT

HDFC Bank is actively searching for a new chief executive officer. The bank expects to appoint an executive search firm soon. Several internal and external candidates are being considered for the top position. The new leader will focus on restoring investor confidence and driving growth. This succession occurs as the bank navigates a crucial leadership transition. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ejqh2Z0 via IFTTT

A new five-member bench will decide Subhash Chandra's repayment plan. This personal insolvency case involves claims exceeding twenty-two thousand crore rupees. A previous division bench failed to reach a majority verdict on the plan. Dissenting lenders have approached the insolvency appellate tribunal regarding the matter. The bench will commence hearings on Tuesday morning. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/X2ikwQI via IFTTT

In a recent assessment, Moody's Ratings pointed out the leadership transition risk stemming from HDFC Bank's CEO Sashidhar Jagdishan stepping down at the end of his term in October. The agency insisted that ensuring a smooth succession is vital for upholding confidence, even as the bank's strong brand and capable management team work to lessen these risks amid challenges related to deposit practices and bond mis-selling. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yJI5qx6 via IFTTT

HDFC Bank is searching for a new chief executive officer. The bank faces challenges in integrating its merger and reviving retail lending. Its stock has declined significantly this year, impacting investor confidence. The new leader must improve loan growth and core profitability. Kaizad Bharucha is a leading internal candidate for the role. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/58X4FGN via IFTTT

Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline among young borrowers. The campaign will address risks from rapid digital credit growth and predatory apps. It will also focus on improving credit history and timely payment knowledge. The government is pushing youth awareness on financial discipline and credit scores. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/elKGSAY via IFTTT

Indian Bank plans to open approximately one hundred new branches this year. The bank will also increase its workforce by about two thousand five hundred personnel. This expansion aims to strengthen its presence in Central and Western regions. Asset quality management remains a focus, with targets for reducing NPAs. The lender anticipates its gold loan book will surpass one lakh fifty thousand crore rupees. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oJSi0hd via IFTTT

HDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external candidate for the top position. This search follows recent leadership changes and governance concerns. Sashidhar Jagdishan's retirement is scheduled for October after his second term. The Reserve Bank of India must approve the final appointment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sCLJtUB via IFTTT

HDFC Bank's chief executive will not seek reappointment after October twenty-sixth. This succession occurs amid ongoing governance scrutiny and recent regulatory issues. The bank's shares have significantly underperformed its peers and the broader market. A new leader must restore investor confidence and address business challenges. The transition is crucial for HDFC Bank's future growth trajectory and standards. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DtNm3Ax via IFTTT

Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tQVsDEw via IFTTT

HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends this October. He conveyed this decision to the board despite their persuasion efforts. The bank will now fast-track the process of selecting his successor. Jagdishan's tenure included overseeing the significant merger with HDFC Ltd. His departure marks the end of a nearly three-decade association with the institution. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QAtchPW via IFTTT

HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappointment when his current term ends. The bank's board accepted his decision after persuasion efforts failed. Mr. Jagdishan will step down from his services on October 26, 2026. This announcement was made by the lender in a stock exchange filing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UTmPHtp via IFTTT

Subhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Creditors will recover a fraction of their Rs 22,006.57 crore claims. The insolvency case stemmed from a personal guarantee for a loan default. Chandra expressed confidence in earning again and pursuing new ventures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/37XaGig via IFTTT

Dissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how his networth fell from more than Rs 40,562 crore when he issued the guarantees to Rs 32 crore in 2025, the crowding out of lenders by related party entities in the committee of creditors (CoC), and the role of resolution professional (RP) Shiv Nandan Sharma in admitting questionable entities as creditors highlights the difficulties in recovery in high-profile cases. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DpX7bI9 via IFTTT

Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/insmJhB via IFTTT

HDFC Bank employees took swift action to block a potential digital scam targeting elderly clients. An attentive staff member noticed an anxious couple trying to send a hefty amount of money while on a video call with someone unknown. Reacting promptly, the bank team identified the suspicious activity and successfully protected the seniors from losing Rs 1.12 crore, showcasing their commitment to customer safety. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zWiyeqB via IFTTT

Siddarth Gandotra resigns as CFO of Kotak Mahindra Investments Limited on August 31, 2026. Hiren Vora will assume the CFO role starting September 1, 2026. Vora brings eighteen years of experience within the Kotak group. Finance Minister Nirmala Sitharaman called for banking sector reform recommendations. A high-powered committee will examine banking's role in Viksit Bharat 2047. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zw3tQoi via IFTTT

BTIG appointed Mangesh Ghogre as managing director in its Industrials Investment Banking group. Ghogre will focus on metals and mining coverage for the firm's clients. He brings over two decades of global investment banking experience across the US and Asia. Previously, Ghogre worked at ThinkEquity and founded One Capita Advisors. U.S. Bancorp completed its acquisition of BTIG, LLC on June 1, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LKvQt87 via IFTTT

NABARD and NaBFID have signed an initial pact to strengthen collaboration. This agreement focuses on financing infrastructure projects with significant rural impact. The memorandum provides a framework for joint financing and knowledge sharing. Key areas include water, sanitation, irrigation, and post-harvest storage facilities. This partnership aims to advance rural prosperity and bridge the rural-urban divide. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yqK71RH via IFTTT

Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/uZTe2f7 via IFTTT

India needs to consolidate banks into a few large entities. This consolidation aims to meet rising credit needs for Viksit Bharat by 2047. Banks will increasingly focus on data-driven customer experiences and AI automation. The banking sector has seen significant positive changes since 2014. Future agendas include mobilizing stable deposits and deepening productive lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Tkl9Nf1 via IFTTT

Axis Bank expects credit growth to exceed the industry average this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. Data centres and manufacturing are driving corporate credit expansion significantly. Retail growth is fueled by gold loans and borrowers from smaller cities. The bank is also preparing two key businesses for potential public listings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fCZm7tV via IFTTT

Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms further. Public sector banks reported a record net profit in FY26. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WPfoHcb via IFTTT

UPI has completed a decade of transforming India’s digital payments landscape, with annual transactions soaring from 1.78 crore in 2016-17 to 24,162 crore in 2025-26. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KeUFwSu via IFTTT

Bank unions will strike nationwide on September 11 due to unresolved demands. This action follows a government 'negative attitude' towards key union proposals. The strike will impact banking services for four days, including holidays. Further strikes are planned for September 28 and an indefinite one from October 26. Unions seek five-day banking, pension improvements, and a uniform incentive scheme. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PqKASNi via IFTTT

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HUMxLaw via IFTTT

Artificial intelligence will shift payments from digital to delegated commerce, enabling machines to transact for consumers. Trust and real-time controls will become essential building blocks for the financial system. AI will enhance personalized experiences and help identify fraudulent transactions effectively. Consumers will focus on payment outcomes rather than the underlying transaction rails. New guardrails will be necessary as machines increasingly interact autonomously. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gSjIXwC via IFTTT

Indian Bank expects its gold loan book to surpass Rs 1.5 lakh crore this financial year. This growth will be driven by increased loan volumes and robust demand for gold loans. The bank also reported significant CASA deposit growth in the first quarter. It has successfully raised USD 400 million through overseas bond issuance. Further foreign currency inflows are anticipated from FCNR(B) deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4nd3DGb via IFTTT

By the year 2030, State Bank of India anticipates its total business could reach an impressive Rs 200 lakh crore, mirroring the Indian economy's projected annual growth of seven to eight percent. The bank's Vision 2030 is designed to benefit customers, employees, shareholders, and government stakeholders. With a focus on bolstering capital ratios and enhancing its cost-to-income ratio, SBI sets its course through various economic landscapes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/it7g5AP via IFTTT

Commercial vehicle loans will grow significantly over five years. Used car loans are the fastest-growing segment, formalizing credit access. Two-wheeler financing maintains the largest borrower volume, introducing many new customers. Auto loan disbursements are shifting towards higher values, increasing average ticket sizes. Delinquency indicators are improving across most vehicle loan categories. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DLEbt9h via IFTTT

Indian banks anticipate stronger net interest income and earnings growth in FY27. This outlook is supported by robust foreign currency deposit mobilization and healthy credit demand. Systemic credit growth is projected around fifteen percent year-on-year, with FCNR deposits aiding expansion. Asset quality remains stable, and deposit growth has strengthened significantly by end-July. ICICI Securities maintains a positive stance on the banking sector's performance. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/m4qdIVc via IFTTT

This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/na4cXDG via IFTTT

India’s gold loan market is emerging as a growth opportunity for financial institutions, with outstanding loans against gold jewellery reaching Rs 3.3 lakh crore by May 2026. Tata Capital, Godrej Capital and Aditya Birla Capital are expanding aggressively as lenders shift toward secured retail credit, driven by rising gold prices, strong demand, regulatory changes and India’s vast household gold holdings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/YHPRAO3 via IFTTT

Bajaj Finance provides an EMI calculator for loans against property, making it easier to budget for repayments. This tool allows users to estimate monthly payments and overall borrowing costs, as well as compare different loan amounts and repayment durations. By illustrating possible financial commitments, it equips borrowers to make informed choices. The loan application process is also streamlined online for convenience. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qgKnSvR via IFTTT

Private credit deployments saw a sharp 61 percent drop in early 2026. This decline occurred amid a volatile macro economic environment and shifting fund dynamics. Domestic funds led nearly three-fourths of the deployments during this period. Real estate remained a favored investment sector for private credit funds. Regulatory changes and bank credit growth also influenced private credit volumes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/R45usfa via IFTTT

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This development strengthens LIC's financial services sector exposure. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/z3AfVBr via IFTTT

Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/URpMidG via IFTTT

HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points. HDFC's new rates became effective from August seventh for various tenors. Bank of Baroda's revised rate will take effect from August twelfth. The banks are adjusting their marginal cost of funds based lending rates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/CawXpH0 via IFTTT

Standard Chartered secured in-principle approval to offer wealth management products in GIFT City. The International Financial Services Centres Authority granted this crucial regulatory approval. The bank plans to launch its retail wealth management offerings within the next few months. This move supports GIFT City's goal of becoming a leading international financial services hub. Standard Chartered is the first foreign bank to operate in GIFT City since 2020. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AlRqIO8 via IFTTT

Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and urged them to use it with “greater ambition”. At the PSB Confluence, she asked banks to launch a month-long ‘Banking for Youth’ campaign from October 2 and build awareness among young people about formal credit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/exSR63G via IFTTT

The RBI’s proposed curbs on flexi loans could reshape how India’s self-employed workers and small businesses borrow. While the move aims to prevent evergreening of bad debt, it could also restrict a useful source of flexible working capital. The bigger question is whether tighter oversight can curb misuse without shutting out genuine borrowers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pgDrY3W via IFTTT

Axis Bank is broadening its corporate banking services beyond just lending. The lender targets fee income and low-cost deposits from corporate ecosystems. It handles collections, payments, trade finance, and salary accounts for businesses. Investment banking and wealth management services are also offered to companies and their promoters. This strategy aims to build liability and fee franchises by managing more corporate cash flows. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lBXskuA via IFTTT

Finance Minister Nirmala Sitharaman on Monday said India’s banking sector is in its strongest position to undertake the next phase of reforms, aided by historically low non-performing assets. She said the High-Level Committee on Banking for Viksit Bharat will be announced soon to align the sector with India’s growth ambitions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tzWlLUf via IFTTT

Finance Minister Nirmala Sitharaman said the government will soon set up a high-powered committee to chart the banking sector's role in building a "Viksit Bharat", with the panel set to draw on ideas and research emerging from two days of intensive discussions with banking sector stakeholders. Calling India's banks well placed to undertake reforms with NPAs at their lowest levels, Sitharaman said the committee's recommendations would help determine the future direction of banking and enable the government to accelerate reforms and "rev up the Indian economy" over the next two decades. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QASx9uL via IFTTT

Bankers said some lenders now plan to borrow more short-term funds, possibly at a higher rate, to finance the promised leverage to FCNR(B) clients after the Reserve Bank of India advanced the deadline for swap support. These funds will have to be replaced with a long-term loan or bond later, leading to a temporary mismatch between banks' foreign deposits and borrowings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1S7V3W5 via IFTTT

The Reserve Bank of India has instructed rating agencies to refrain from categorizing it as the regulator overseeing bank deposits. This recent directive raises the possibility that these credit assessment organizations may halt the evaluation of bank deposits entirely. With threats of deposit outflows and potential bank instability stemming from any downgraded ratings, the landscape of retail deposit reactions remains mixed. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/JbmlZFL via IFTTT

Indian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through ECB before December 2026. It also aims to gather USD 2 billion from FCNR(B) deposits, seeing good demand. The Reserve Bank of India has already closed its concessional swap facility early. These efforts support the bank's business growth and digital initiatives. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2mqKXUf via IFTTT

The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies in the upper layer will be required to publicly list their shares. Tata Sons may be included on this upcoming list of NBFCs. The central bank has not published this specific list since January 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ZNOYich via IFTTT

ICICI Bank is seeking a substantial $1.45 billion loan from a banking consortium. Bank of America is leading the syndicate, which includes several international banks. This four-year loan aims to attract leveraged investors to the FCNR-B deposit program. The Reserve Bank of India is absorbing currency hedging costs for these deposits. Funds will support overseas clients making foreign currency deposits with the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/qgk75nJ via IFTTT

The expansion of Indian international spending is rapidly increasing annually. The hidden costs of forex mark-up on credit cards can significantly inflate overseas purchases. Opting for zero forex mark-up cards provides considerable savings for those who travel often. As consumers assess credit cards based on avoided costs and enhanced experiences, grasping these transaction economics becomes essential for more informed global spending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/s4Yi3DX via IFTTT

The Allahabad High Court has ruled against the imposition of blanket debit freezes in cybercrime cases, emphasizing that such measures must be proportionate to the suspected proceeds of crime. Banks are directed to unfreeze accounts beyond the disputed transaction sum, and investigators are now required to furnish specific details when seeking a lien. This ensures that enforcement actions remain just and within legal frameworks. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1qfBMhc via IFTTT

A parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates impacting payment providers' investments. The government is exploring a self-reliant revenue model for UPI's financial sustainability. Amendments allow charges on UPI and other digital payment modes. This aims to address a significant funding gap impacting infrastructure development. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SDh7ALE via IFTTT

Bank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in India's booming retail loan sector. This collaboration merges Jio's innovative digital capabilities with the seasoned financial knowledge of Bank of America, enabling a strategic expansion in the rapidly growing Indian economy. Regulatory approvals will be required to finalize this impactful venture. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0HgvX4T via IFTTT

Indian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar inflows into banks from a central bank scheme. The Reserve Bank of India's foreign-currency non-resident scheme attracted substantial foreign currency deposits. These inflows have helped boost overall banking system deposits to a new record level. Credit conditions are expected to remain strong as deposit growth continues. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NV8z5Jc via IFTTT

The Reserve Bank of India has proposed new lending rate guidelines. Regulated entities must declare lending rates monthly and reset floating loans quarterly. Total charges for microfinance and small loans will be capped by the regulator. These new norms aim to harmonize interest rate determination methods. Final guidelines will take effect from April 1, 2027. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eBIA5QS via IFTTT

Artificial intelligence is set to reshape India's banking sector over the next decade, but banks, regulators and the government will need to strengthen governance, cybersecurity capabilities and shared infrastructure to ensure responsible and secure adoption of the technology, said Hardik Shah, Managing Director and Partner at Boston Consulting Group (BCG). from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hoOGcga via IFTTT

State Bank of India underwrote nearly one lakh crore rupees in MSME loans using artificial intelligence. AI is also automating the processing of cheques up to ten thousand rupees. This technology frees up relationship managers' time for other important tasks. The bank deploys AI across the customer lifecycle for various functions. Benefits include improved customer satisfaction and employee efficiency. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/htiYNuS via IFTTT

The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/LeYpgaZ via IFTTT

In a recent statement, CS Setty, Chairman of the State Bank of India, underscored AI's transformative potential for the Indian banking sector. He asserted that widening credit opportunities for small businesses and farmers through AI is essential to realize India's ambition of a developed economy by 2047. Additionally, AI could refine farm-level decision-making and risk management, as banks strive to enhance defenses against advancing cybersecurity threats. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TBLx2Hl via IFTTT

Indian banks have sought RBI approval to spread mark-to-market losses on investment portfolios across the remaining three quarters, citing bond-market volatility triggered by the West Asia crisis. Rising government bond yields have weighed sharply on banks’ treasury income. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DbHtWGn via IFTTT

HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points. HDFC's new rates became effective from August seventh for various tenors. Bank of Baroda's revised rate will take effect from August twelfth. The banks are adjusting their marginal cost of funds based lending rates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Lh1Fn5N via IFTTT

Several offshore banks are becoming reluctant to issue or renew international credit cards for wealthy resident Indians due to India’s 180-day rule on deploying overseas funds. The requirement is also creating difficulties for minors holding foreign accounts under the Liberalised Remittance Scheme. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jbZq5Ra via IFTTT

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sqIt8zT 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/KLmd0GQ via IFTTT

Non-banking financial companies saw gold-backed lending grow nearly seventy percent year-on-year. This strong expansion continued into June 2026, outpacing overall retail loan growth. Housing and vehicle loans also displayed robust credit growth during this period. The Reserve Bank of India strengthened regulations for gold and silver collateral loans. Credit to industry and services sectors experienced a moderation in growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/27Lormz via IFTTT

Union Minister Amit Shah encouraged urban cooperative banks to view the RBI's support positively. He highlighted the central bank's proactive assistance to the sector recently. Shah also emphasized the safety of small borrowers for lenders. The National Urban Cooperative Finance and Development Corporation will relocate its head office. This move aims to strengthen the cooperative banking sector across key states. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/b7PVEe0 via IFTTT

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ir2pqQc via IFTTT

Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KE6OZ0J via IFTTT

State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to fifteen percent. SBI is deploying Responsible AI Policy to enhance cybersecurity and operational efficiency. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SkbDxNq via IFTTT

State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OsWqELK via IFTTT

Tata Sons is now an upper-layer NBFC, requiring its stock market listing. The Reserve Bank of India is reviewing its deregistration application. This classification mandates stricter regulations for at least five years. Tata Trusts wants Tata Sons to remain privately held. The Shapoorji-Pallonji Group seeks to unlock value through a listing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zciXdNH via IFTTT

The Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher currency in circulation and maturing forward positions. Banking system liquidity is expected to peak in September due to FCNR(B) deposit inflows. Economists anticipate a surplus of around ₹4-5 lakh crore in the banking system. The central bank will then begin withdrawing excess liquidity through durable absorption measures. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dGwtIuR via IFTTT

HDFC Bank assured shareholders about its strong governance credentials. No US lawsuits have been filed against the bank following investigations. The bank's leadership stated they are well-positioned to defend any potential legal action. HDFC Bank is fundamentally strong with a pristine balance sheet. The integration with HDFC Limited is unlocking meaningful synergies for future growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OxpSQMX via IFTTT

The Reserve Bank of India will soon release a list of upper-layer NBFCs. New principle-based regulations will classify these financial companies into different layers. Companies in the upper layer will be required to publicly list their shares. Tata Sons may be included on this upcoming list of NBFCs. The central bank has not published this specific list since January 2025. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TOet3c7 via IFTTT

The Reserve Bank of India will resume licensing for urban cooperative banks. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for all regulated entities. This move aims to enhance transparency and strengthen consumer protection measures. Global risks like the West Asia conflict continue to impact India's economic outlook. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Qm3dBif via IFTTT

India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector's portfolio shrank four percent to ₹3.26 lakh crore by June end. Business usually slows during this period, but rainfall added concerns. Lenders remain cautious about growing loans due to uncertain patterns. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/n9D52xu via IFTTT

Finance Minister Nirmala Sitharaman introduced the Bankers' Books Evidence Bill, 2026 in Lok Sabha. This proposed legislation aims to update evidence rules for modern digital banking practices. It will replace the outdated Bankers' Books Evidence Act from 1891. The bill expands the definition of bankers' books to include all record formats. This future-ready framework will recognize electronic records and empower the central government. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/TS5XV2r via IFTTT

Bank loans for India's technology infrastructure sector have doubled in two years. This growth reflects India's position as a global hub for data centers. Loans to IT services and digital infrastructure rose significantly year on year. This expansion is driven by data centers, GCCs, and IT enabled services. These segments are now showing robust growth in bank credit. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/c6R7xOf via IFTTT

Banks are raising FCNR(B) deposit rates to attract dollars amid global rate increases. ICICI Bank and HDFC Bank have already adjusted their offerings for dollar deposits. Higher overseas borrowing costs and market competition necessitate these rate adjustments. Global benchmark rates have risen since the scheme's operationalization in June. This special scheme for attracting foreign currency closes on September 30. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tJMHNn9 via IFTTT

Corporate and retail loans fueled bank credit growth during the April-June quarter. Industry and personal loans together accounted for sixty-three percent of this expansion. Petroleum, infrastructure, engineering, and chemicals led industry credit growth significantly. Loans against gold jewellery emerged as the top personal lending contributor. These key sectors drove the overall increase in bank lending. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XUaijyV via IFTTT

Shivalik Small Finance Bank completed its acquisition of ManiBhavnam Home Finance India Pvt last week. This strategic merger cost the bank nearly one hundred and nine crore rupees. The deal establishes Shivalik's presence in the affordable housing finance market. ManiBhavnam brings a loan book of three hundred and twenty crore rupees to Shivalik. The bank plans fresh capital infusion to continue its growth trajectory. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/KeztPwT via IFTTT

Bank of Maharashtra has reduced its home loan interest rate to seven percent. This special offer includes a complete waiver of processing and documentation fees. The bank aims to provide attractive financing solutions for its valued customers. This move significantly lowers the monthly installment burden for borrowers. These competitive rates are among the lowest available in the current market. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jHSZQi8 via IFTTT

Punjab National Bank will not monetize subsidiaries soon, focusing on operational strengthening for future value. The bank's capital adequacy exceeds 18 percent, well above regulatory requirements. This strong capitalization means no market fund raising is planned for growth initiatives. PNB expects its net profit to surpass twenty thousand crore rupees this financial year. Loan growth is projected at twelve to thirteen percent while deposits will grow nine to ten percent. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PwJ8nmS via IFTTT