A committee of IBA and UFBU to be formed to deliberate on 5-day working week; other issues to be discussed for expeditious resolution.
A wider debate has centred around the ending of UPI’s free era. Govt says 96% of daily UPI transactions remain untouched. Critics say it will lead to price rise and impact biz growth. Who gains and who loses?
RBI revises earlier provisional data and says final count of FCNR(B) deposit inflows is $132.98 bn; OFCBs and ECBs have drawn $5.32 bn and $5.30 until 18 September.
Inflation surges to eight-month high and stays above RBI’s medium-term target for 3rd consecutive month; economists divided on whether rate hike will be in October or December.
RBI Governor Sanjay Malhotra speaks about tools available to absorb excess liquidity, FCNR(B) deposits helping the central bank to earn additional income and reassessing growth-inflation dynamics in next policy.
Lenders must look beyond collateral security to finance emerging sectors such as data centres, static conductors and solar, says SBI Managing Director Ashwini Kumar Tewari.
SBI Chairman CS Setty dismisses concerns raised by Axis Bank head Amitabh Chaudhry about massive FCNR(B) flows leading to abnormal lending; highlights role of AI in banking sector.
Bank credit growth accelerates to 16.5% YoY as at end-June 2026 from 9.9% a year ago; weighted average lending rate eases by 45 basis points to 9.26%.
The wholly owned subsidiary of SBM Bank (Mauritius) Ltd has appointed a consultant for the process and is at an EoI stage, said its ED and CFO Amit Jagdhari.
Recovery from written off accounts stands at Rs 1.83 lakh cr in last 5 financial years, translating to 35.24% of the value. Top five banks account for 70.99% of public sector banks’ loan write-offs. Wilful defaulters owe Rs 2.85 lakh crore to PSBs.
After resignation of Atanu Chakraborty, Sashidhar Jagdishan was out to demonstrate that nothing was wrong at HDFC Bank. What made him back off? Kaizad Bharucha is one of names floating to occupy CEO chair as bank enters new phase of leadership transition.
Arcil allots 1.58 crore shares to 21 anchor investors at Rs 139 per share ahead of Rs 733 cr IPO; names include Goldman Sachs India Asset Management Company, WhiteOak Capital, Bajaj Life Insurance and Tata Mutual Funds.
Sanjay Malhotra and the MPC members may find small space for an interest rate pause this time but a credit cycle reversal is inevitable down the line.
SBI delivers mixed performance in Q4 with loan growth strong but margins seeing contraction; Chairman CS Setty sticks to FY27 guidance on loan growth and domestic NIM.
Bank of Baroda reaches an out-of-court settlement with NMC group and its administrators in Abu Dhabi and London.
Private banks collected Rs 4,948.71 crore in FY26 from customers for failing to maintain minimum balance in their savings and current accounts; HDFC and Axis Bank accounted for 58% of this.
Bank of Baroda says bank’s core banking systems not accessed and continue to remain secure; breached data includes customer details and identification documents, says cybersecurity activist Srikanth.
In an unusual development, HDFC Bank CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan and retail assets group head Arvind Vohra are imposed a penalty of Rs 1 lakh in MSRDC case.
Repo rate remains unchanged at 5.25% for 4th consecutive time; inflation forecast lowered to 5% for FY27 and GDP growth increased to 6.7%.
IDFC First Bank Q1 net more than doubles over year-ago period to Rs 1,075 crore; lender targets 2.5% share in FCNR(B) deposits under RBI’s swap window.
RBI bought $22.2 bn and sold $28.3 bn in May; rupee sank to record low of 96.96 per dollar on 20 May amid surge in oil prices.