The credit-deposit growth gap widened to 5 per cent in July, prompting banks to rely more on certificates of deposit, money markets and domestic and overseas bonds
Department of Financial Services DFS Secretary Sanjay Lohiya on Tuesday urged Regional Rural Banks (RRBs) to sustain good financial performance and further strengthen credit flow to the last mile.
State-owned banks plan to use the MY Bharat portal to offer internships and training to young people and build a pipeline for recruitment into entry-level banking jobs
SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates
Currently, the gold loan portfolio is around ₹1.25 trillion, and the book should exceed ₹1.5 trillion during this financial year at the anticipated growth rate, he said
Banks have already mobilised $52.3 billion under RBI's concessional swap window, helping deposit growth and LDRs, but analysts expect NIM dilution of 3-15 basis points
Credit growth is shifting from traditional strongholds such as Tamil Nadu and Maharashtra towards Uttar Pradesh, Bihar and Madhya Pradesh, but penetration still trails developed markets
A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and state insurer Life Insurance Corp of India, is in its final stages
Ant International, an overseas affiliate of the Jack Ma-founded Chinese fintech firm Ant Group, raised $1.2 billion last month in its latest equity fundraising as it seeks to expand.
Strong bank demand at RBI's VRRR auctions highlights surplus liquidity in the system, as the central bank seeks to keep overnight rates aligned with its 5.25% repo rate
India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising
So far in 2026, Indian lenders have raised a record of over $10 billion through US dollar bonds, with more issuances expected as the RBI's concessional swap window remains open
Banks are raising interest rates, using website countdown timers, fast-tracking deposit commitments and tapping overseas bond markets as the RBI deadline approaches
Finance Minister Nirmala Sitharaman on Tuesday asked public sector banks to keep pace with youth's expectations of simple, intuitive, personalised and round-the-clock banking.
The lender raised the rate on FCNR(B) deposits above $1 million for a three-to-five-year tenor as banks step up mobilisation after the RBI shortened its swap window
The cost of FCNR (B) swaps is unlikely to have been a constraining factor for the Reserve Bank of India's (RBI) decision to close the special swap facility ahead of schedule, according to a report.
The partnership will support Paramotor's consumer spend management, digital gifting and rewards and loyalty platforms, including SpendPro, Yayyy.shop and RewardOn
In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth
The current account deficit widened to $6.2 billion in June from a $1.2 billion surplus in June 2025, as the merchandise trade deficit increased to $30.2 billion from $19.2 billion
