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The Finance Ministry has announced that all Public Sector Banks and Regional Rural Banks will operate normally on September 27. This decision follows the United Forum of Bank Unions' proposal for a three-day nationwide bank strike. The government is focused on ensuring the banking needs of citizens are met without disruption. Customers can access banking services uninterrupted during this period for their convenience. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/jdgtkHb via IFTTT

SBI, Bank of Baroda and Canara Bank have advised customers to complete important branch transactions in advance ahead of a proposed bank strike from September 28 to 30, 2026, and use digital and self-service channels during the period. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/UL2FV4e via IFTTT

Its composition is being finalised and is likely to include a former Reserve Bank of India (RBI) deputy governor, industry leaders from the fintech sector and an Indian Banks' Association (IBA) nominee, said people familiar with the matter. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/a2AQBkq via IFTTT

Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3EVfBFZ via IFTTT

The Finance Ministry urged bank employees to resolve demands through dialogue and avoid strikes. Most union concerns have been addressed, and welfare measures are being introduced. A three-day strike is planned from September 28, impacting banking services. This strike coincides with the half-yearly closing of the banking sector. The government remains committed to employee welfare and constructive engagement. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/GId5wyR via IFTTT

The Reserve Bank of India has issued revised market risk capital requirements for commercial banks, aligning Indian regulations with Basel III standards. Banks must adopt the framework by April 1, 2027. The directions revise rules for trading books, foreign exchange risk, interest rate risk, debt funds and credit derivative hedges. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/GwNotDY via IFTTT

A notable achievement for Indian banks occurred as they received USD 127 billion through a dedicated deposit scheme. This influx has significantly improved the funding environment and liquidity levels. Favorable interest rates lured substantial deposits from the diaspora, ultimately fortifying banks' funding stability. This positive trend in deposits could enhance balance sheets by USD 190-220 billion, bridging any existing asset-liability gaps. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mQU3YVa via IFTTT

Banks are developing a common framework for project finance lending. This initiative aims to curb regulatory arbitrage and operational misalignment among lenders. Discussions will involve state-run and private banks to establish common parameters. Such alignment will enhance risk mitigation and avoid divergent audit observations. Final guidelines by bank boards are expected to reduce regulatory arbitrage scope. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/lhxFuHn via IFTTT

Financial services secretary Sanjay Lohia has called a meeting with public sector bank, RRB and NABARD heads on Monday to ensure uninterrupted banking services during a proposed three-day strike from September 28. AIBEA is demanding a five-day banking week and has warned of an indefinite strike from October 26 if its demand remains unresolved. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/73dKB9C via IFTTT

Finance Ministry will meet bank executives on Monday. They will discuss continuity of banking operations during a three-day strike. The United Forum of Bank Unions called the strike for September 28. This strike will impact banking services for five days. Bank unions demand a five-day banking week and pension updates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/djPD93g via IFTTT

Bank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing funding pressure on banks. Finance sector lending, especially to NBFCs, drove credit expansion significantly. Public sector banks saw higher credit growth but less headroom. Deposit mobilization remains crucial for banks facing persistent competition for savings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/vDfBt01 via IFTTT

SBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report refutes earlier estimates of significant financial losses from the scheme. Mobilized funds could support additional bank credit and generate considerable interest income. Hedging costs are considered manageable, and the RBI could see added profitability. This scheme's liquidity will support credit demand amid outflows and prudent risk management. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VnAT0rL via IFTTT

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Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OjJ0DhI via IFTTT

The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment. These efforts aim to bridge development financing gaps and foster job creation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yl6XRkp via IFTTT

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India’s biggest private banks are finding it increasingly difficult to identify executives with the breadth of experience needed to lead large, complex institutions. HDFC Bank and Kotak Mahindra Bank’s CEO searches have highlighted a surprisingly narrow talent pool, as regulatory requirements, limited succession pipelines and competing financial sectors constrain potential candidates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HyqAc54 via IFTTT

The Reserve Bank of India has clarified definitions for financial activity and core investment companies. This clarification follows the rejection of Tata Sons' application to surrender its registration. Companies must meet specific asset and income thresholds to be regulated by the central bank. Tata Sons, an unlisted holding company, now faces enhanced regulatory scrutiny. The central bank's decision effectively pushes Tata Sons towards a mandatory public listing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/g5xqaZ0 via IFTTT

The Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due legal process. The court ordered a finance firm to close loan accounts and refund money. Compensation was awarded for mental agony and livelihood loss. This ruling ensures borrowers are not dispossessed of vehicles arbitrarily. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k1CyDVU via IFTTT