SBI, PNB, BoB, HDFC and ICICI among others have raised interest rates on FCNR (B) deposits within days of RBI announcing a foreign currency swap window until 30 September.
India’s eight public sector banks have added 13,223 employees in FY26, leaving their combined workforce at over 6.28 lakh with State Bank of India (SBI) at the lead.
RBI’s forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract $60-70 bn in foreign capital and support rupee, India Ratings and Research said.
RBI allows banks to lend to REITs and InvITs; keeps key prudential safeguards on exposure limits, asset quality and repayment structures.
Punjab National Bank looking to raise $2.5 bn to $3 bn through FCNR route following RBI’s new measures, says CEO Ashok Chandra.
RBI keeps repo rate unchanged at 5.25% while revising forecast on inflation and growth for FY27; introduces measures to attract foreign capital and support rupee.
Under RBI’s proposed changes, banks will be required to publish on their websites interest rates on deposits before the start of each business day (UPDATED).
Govt and RBI take coordinated steps to spur foreign inflows and prop up rupee. Will it work?
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.
A significant portion of rupee depreciation reflects external shocks and capital flow dynamics rather than deterioration in domestic fundamentals, writes Ritesh Bhansali.
Fewer bank fraud cases occurred in FY26 but involved substantially larger amounts, latest RBI data showed.
Gross NPAs of private sector banks stood at Rs 1.34 lakh crore as on 30 September 2024, said MoS for Finance Pankaj Chaudhary; this as percentage of outstanding loan is 1.86% in private sector banks.
CRIF data shows high-ticket loans gain preference in FY25 amid rising stress in small borrowers, increased caution, evolving risks and broad-based moderation in credit growth.
Public sector banks account for Rs 58,330 crore of unclaimed deposits and Rs 8,673 cr is from private lenders; SBI tops list with Rs 19,329 cr.
Public sector banks have identified 1,629 corporate borrowers as wilful defaulters, owing loan dues of Rs 1.62 lakh crore as of 31 March 2025.
Public sector banks have written off a whopping Rs 12.08 lakh crore in the last nine fiscals; gross NPA ratio has dropped from 9.11% in FY21 to 2.58% in FY25.
ABG Shipyard sits at top of wilful defaulters list with Rs 6,695 crore due to banks, according to FM Nirmala Sitharaman; Gitanjali Gems, Beta Napthol and Rakesh Wadhawan follow.
