Banking

PNB, Bandhan, other banks raise interest rates on FCNR (B) deposits

Private-sector lender increases FCNR(B) deposit rates following RBI's forex swap facility and temporary removal of the interest rate ceiling on eligible deposits

Updated On: 19 Jun 2026 | 10:11 PM IST

Banks' supervisory data quality score slips marginally in March quarter

The RBI's Supervisory Data Quality Index for scheduled commercial banks eased to 90.7 in March 2026, with declines in accuracy and timeliness offset partly by gains elsewhere

Updated On: 19 Jun 2026 | 6:17 PM IST

After a period of consolidation, microfinance sector shows signs of revival

India's microfinance sector is seeing early revival signs as lenders prioritise asset quality and portfolio consolidation over aggressive loan growth after two years of slowdown

Updated On: 19 Jun 2026 | 5:32 PM IST

BCRC seeks grandfathering as RBI's BC recertification rule nears rollout

BCRC says forcing already certified business correspondents to take advanced IIBF certification may trigger exits as RBI's new rule takes effect on July 1, 2026

Updated On: 19 Jun 2026 | 5:19 PM IST

RBI to conduct 3-day VRR auction on Friday, aims to infuse ₹1 trillion

The central bank will conduct a three-day variable rate repo auction to address evolving liquidity conditions after surplus liquidity moderated due to advance tax outflows

Updated On: 18 Jun 2026 | 9:37 PM IST

HDFC Bank extends Keki Mistry's term as interim chairman by 3 months

RBI has approved the extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or until a regular chairman is appointed

Updated On: 18 Jun 2026 | 5:39 PM IST

RBI cancels licence of Karnataka's Shree Mahalaxmi Co-op Credit Bank

On liquidation, about 97.9 per cent of depositors would receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC)

Updated On: 18 Jun 2026 | 4:16 PM IST

SBI approves proposal to raise ₹60,000 cr in FY27 via debt instruments

The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing

Updated On: 18 Jun 2026 | 2:32 PM IST

HDFC Bank raises $750 mn via 5-year bond issue from GIFT City unit

India's largest private-sector lender tapped offshore markets through its GIFT City IFSC unit, issuing senior unsecured bonds carrying a 5.067 per cent coupon

Updated On: 17 Jun 2026 | 11:53 PM IST

RBI liquidity measures drive steep decline in CD rates across tenors

Banks have begun pricing in stronger liquidity conditions after RBI measures to attract foreign inflows, reducing funding pressures and lowering short-term borrowing costs

Updated On: 17 Jun 2026 | 9:52 PM IST

Canara Bank offers 6.5% on FCNR (B) deposits; BoB offers up to 7.4% on FDs

Canara Bank launches special FCNR(B) scheme for NRIs, while Bank of Baroda introduces a 555-day deposit product with higher rates for senior citizens

Updated On: 17 Jun 2026 | 8:49 PM IST

HDFC Bank prices $750 mn bond in largest lender offshore deal since 2023

The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales

Updated On: 17 Jun 2026 | 11:30 AM IST

Bank of Baroda raises FCNR (B) deposit rates by up to 50 bps within a week

The state-owned lender has increased rates across key maturity buckets, offering a peak return of 6.25 per cent on five-year FCNR(B) deposits

Updated On: 16 Jun 2026 | 11:48 PM IST

PSU banks green deposits surge to ₹3.7k cr in FY26 as RBI framework matures

Green deposit mobilisation at state-owned banks more than doubled in FY26 as depositors embraced sustainable finance and RBI's framework gained traction

Updated On: 16 Jun 2026 | 5:05 PM IST

RBI tightens norms on bundled products; lenders to refund for mis-selling

New framework mandates explicit customer consent, bans dark patterns and requires lenders to compensate customers in cases of mis-selling

Updated On: 15 Jun 2026 | 11:19 PM IST

RBI issues payment system authorisation norms under new master directions

The new framework consolidates existing regulations and introduces perpetual authorisation for payment system operators subject to regulatory compliance

Updated On: 15 Jun 2026 | 9:56 PM IST

FCNR (B) inflows to help replace costly bulk deposits, aid bank margins

Expected inflows could help narrow the credit-deposit gap

Updated On: 14 Jun 2026 | 10:31 PM IST

RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

The cooperative bank cannot grant or renew any loans and advances, make any investment, incur any liability, including borrowing of funds and acceptance of fresh deposits, the statement added

Updated On: 12 Jun 2026 | 9:32 PM IST

CBI files two chargesheets in Rs 657 cr IDFC First bank Haryana fraud cases

CBI files chargesheets in cases involving alleged siphoning of ₹657 crore from Haryana government and Chandigarh Smart City funds through fraudulent transactions

Updated On: 12 Jun 2026 | 7:22 PM IST

NBFC balance sheets may reach ₹93 trillion by FY28, says Brickwork Ratings

Brickwork Ratings expects NBFC balance sheets to expand to ₹92.9 trillion by FY28, while warning of rising stress in unsecured and rural credit segments

Updated On: 12 Jun 2026 | 7:14 PM IST