Banking

Public sector banks posted record profitability for the fourth straight year in FY26, aided by strong credit growth, improved asset quality, and better operational efficiency

Banks bid far below the notified amount at the RBI's short-term repo auction as surplus liquidity reduced the need for additional funds

The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings

Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said

The resumption is expected to boost the country's gold imports, widen ‌the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year

The wholly state-owned EXIM Bank, which provides export financing and ‌backs loans granted by commercial lenders to buyers of Indian goods, expects to tap the domestic market for around ₹66,000 crore

NBFC-MFIs led the growth in microfinance originations during Q4FY26, while higher average ticket sizes and continued lending to existing borrowers supported disbursement momentum

Banks are deploying more cash recycling machines that allow deposits and withdrawals, reducing reliance on standalone ATMs and slowing the transition to cassette-swap cash loading systems

The ratings agency expects the banking ‌system's average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28

Indian banks relied heavily on MSMEs to drive credit growth in FY26, and were bracing for stress in the segment in FY27 due to the West Asia situation

The country's ‌third largest state-run lender by market capitalisation has earmarked about 20 per cent of its technology budget for cybersecurity, or roughly ₹700 crore to ₹800 crore

RBI proposes draft norms allowing lenders to acquire collateral assets only after loans turn NPAs, aiming to improve recovery outcomes while ensuring transparency and prudence

The bank is expecting a credit growth of 16-18 per cent and deposit expansion of 13-14 per cent in the ongoing financial year

Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns

Move will also help lower govt shareholding

Finance Minister Nirmala Sitharaman had proposed setting up a high-level committee on banking to comprehensively review the banking sector

Bank credit stood at ₹214 lakh crore in the fortnight ended April 15, as compared to ₹218 lakh crore during the preceding 15-day period ended March 31

RBI has allowed banks to implement suo motu loan resolution for borrowers affected by natural calamities, setting timelines for invocation and completion

Anand, a veteran banker with 25 years of experience, will oversee HSBC's global India private banking franchise across India and key international hubs

Headcount cuts in FY26 reflect tech-led shifts in frontline roles