IndusInd Bank’s net advances rise 11.2% YoY to Rs 3.62 lakh crore in Q2; deposits up 10.1% to Rs 4.29 lakh crore.
IDFC First Bank’s loan book rises 20.4% YoY to Rs 3.14 lakh crore in Q2; deposits up 17% to Rs 3.24 lakh crore.
Yes Bank’s loan book rises 23.8% YoY to Rs 3.10 lakh crore in Q2; deposits at Rs 3.54 lakh crore, up 19.5%.
Kotak Mahindra Bank gets RBI nod to elevate Anup Kumar Shah to position of MD & CEO for three years, with effect from 1 January 2027.
RBI approves Anup Bagchi’s 3-year tenure as HDFC Bank chief from 27 October 2026; he currently serves as MD and CEO of ICICI Prudential Life Insurance.
Committee to be chaired by Bank of India MD & CEO Rajneesh Karnatak and have representatives from management and employee unions; PNB chief Ashok Chandra to serve as alternate chairman.
A committee of IBA and UFBU to be formed to deliberate on 5-day working week; other issues to be discussed for expeditious resolution.
Growing 32% since FY2021, India has 2,117 GCCs and is emerging as a global capability hub.
Bank unions will go on a nationwide strike from Monday, disrupting banking services such as cheque clearance, cash withdrawals and deposits.
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.
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.
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?
Six years of free ride on UPI payments is over as govt introduces 0.4% fee on transfers above Rs 2,000 made to merchants; no charge on person-to-person transactions.
HSBC disburses $10.9 bn and ICICI Bank $8.4 bn in GIFT City through RBI’s concessional swap facility for FCNR(B) deposits; 20 banks in the hub give $52.8 bn in loans under the scheme.
NPCI releases a set of frequently asked questions to clear air on new UPI framework, which imposes MDR on specified person-to-merchant transactions above Rs 2,000. Here are the FAQs explaining the new UPI MDR rules.
