SBI, HDFC Bank, ICICI Bank remain in RBI’s ‘too-big-to-fail’ list

RBI retains SBI, HDFC Bank, ICICI Bank in domestic systemically important banks list; they will have to adhere to specific capital requirements that aim to safeguard the financial system.


Inflation hits 14-month high, dashes hope of early rate cut

Retail inflation soars to 14-month high of 6.21% in October, breaching RBI’s upper tolerance level and dashing hopes of early interest-rate cut following US Federal Reserve’s monetary easing policy. 

Public sector banks post strong growth in first half of FY25

Aggregate business of public sector banks jump 11% YoY to Rs 236.04 lakh crore in first six months of current fiscal; net profit up 26% to Rs 85,520 crore and bad loans fall.

PNB Q2 net up 145%, biz crosses Rs 25 trillion for first time

Punjab National Bank posts Q2 net profit of Rs 4,303.5 crore, its highest in 16 quarters; global business rises 11.93% to Rs 25,20,246 crore and CD ratio improves to 72.82%. 


RBI warns NBFCs against chasing unsustainable growth practices

RBI Governor Shaktikanta Das has warned of action against those NBFCs who are pursuing “growth at any cost” that could pose a risk to the economy’s financial stability.

RBI raises UPI Lite limit

RBI increases limit of UPI Lite wallet to Rs 5,000 from existing Rs 2,000; per-transaction limit also raised to Rs 1,000 from Rs 500. 

RBI sets tougher rules for P2P lending platforms

RBI tightens norms for non-banking financial company-peer to peer lending platforms, barring them from taking any credit risk, offering credit enhancement or providing guarantees.

More News

HDFC Bank’s profitability versus growth balance

Dilemma HDFC Bank faces today is growth versus profitability even as CD ratio is high at 110% and liquidity is tight in banking system; in post-merger scenario, bank needs deposits to outpace loan growth. 

Why banks worry as RBI aims to tighten project finance norms

RBI has many reasons to feel that project financing is fraught with risks; bankers say draft is hurriedly sewn and, if implemented, prices would go up all around.


Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks have jumped 26% year-on-year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report.


Some ARCs are circumventing rules, warns RBI deputy governor

Some ARCs are following wrong practices of evergreening distressed loans; in extreme cases this may call for regulatory or supervisory actions, RBI Deputy Governor Swaminathan Janakiraman says.

Why small finance banks are in no hurry to become universal banks

Despite RBI allowing on-tap licensing, CEOs of small finance banks say they would lower their unsecured loan portfolio before transitioning to universal banks.

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank ready to shed Rs 70,000 of low interest rate corporate loans to protect margins as it expects liquidity to be tight this fiscal; repricing of loans already started, says CEO Satyanarayana Raju.

Indian Bank CEO speaks on growth targets in FY25

Indian Bank CEO Shanti Lal Jain sets stiff targets on recovery, loan growth and deposit expansion; aim is to cross Rs 1 lakh cr biz transactions through digital channels in FY25.


NPAs on Mudra loans fall significantly: Finance Minister

Public sector banks’ NPAs on Mudra loans fell significantly over last few years to 3.4% in FY24, FM Nirmala Sitharaman said; in private sector banks, this fell to 0.95% from a peak of 1.77% in FY21.