Anupreksha Jain

The state-owned lenders are using cheaper foreign-currency funding to meet rupee liquidity needs, extend loans and reduce dependence on high-cost deposits and borrowings

Branch-level operations at public sector banks were hit across several states, affecting cash transactions and cheque clearances, while digital banking services remained available

The state-run lender mobilised $8 billion through the RBI's concessional swap window, exceeding its initial target of $4-5 billion, amid strong demand for FCNR(B) deposits

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy

IDBI Bank shares close at Rs 81.12 as investors focus on the reported Fairfax offer of around Rs 81 per share for a controlling stake in the lender

Investment builds on an existing commercial relationship under which Bajaj Finance has deployed TrueFan's platform to generate millions of personalised videos

Robust FCNR(B) inflows are reducing banks' reliance on higher-cost certificates of deposit, while supporting credit expansion and improving liquidity coverage ratios

Industry seeks clarity on products allowing limited redraw and supply-chain finance, as well as whether recovery calls can be made through the mandated 1600-number series

Deputy Governor Shirish Chandra Murmu says diversified funding, securitisation, stronger governance and sound underwriting are key to sustainable growth in the sector

The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility

Deputy Governor Shirish Chandra Murmu calls for robust internal controls, greater technology adoption and timely resolution of weak urban cooperative banks

FCNR(B) deposits accounted for $127.22 billion of the total inflows, while overseas foreign currency borrowings added $5.26 billion and ECBs $3.89 billion

Cites health issues; Executive Director Carol Furtado to take interim charge

Banks' microfinance portfolio fell 28.5 per cent year-on-year as loan reclassification weighed on reported numbers, while NBFC-MFIs expanded their portfolio

Ind-Ra sees rising corporate funding needs supporting bank lending and money-market activity, while lower-rated NBFCs could face wider credit spreads

Carol Furtado has been appointed acting MD and CEO with immediate effect, subject to RBI approval, while the bank begins the process of identifying a successor

The NBFC raised ₹2,100 crore from institutional investors through a QIP and plans a ₹1,750-crore promoter warrant issue, subject to shareholder and regulatory approvals

Sashidhar Jagdishan's exit puts HDFC Bank's next leadership team under scrutiny as investors seek stronger growth, better lending mix and improved returns

Canara Bank, Union Bank of India and LIC Housing Finance are moving NCLAT against the NCLT's approval of Subhash Chandra's repayment plan

The industry body said forcing borrowers to take a full-term loan in advance could result in higher interest costs