Banking

Public Sector Banks (PSBs) have recorded an all-time high net profit of Rs 1.98 lakh crore in 2025-26 fiscal year, marking the fourth straight year of profitability, the finance ministry said on Tuesday. Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said. Aggregate operating profit reached Rs 3.21 lakh crore, while aggregate net profit increased by 11.1 per cent y-o-y to a historic high of Rs 1.98 lakh crore, marking the fourth consecutive year of aggregate profitability for PSBs. The aggregate business of PSBs increased to Rs 283.3 lakh crore as on March 31, 2026, registering growth of 12.8 per cent over the previous year. Aggregate deposits rose 10.6 per cent year-on-year to Rs 156.3 lakh crore, reflecting continued depositor confidence and strong resource mobilisation by PSBs. Gross advances registered growth of 15.7 per cent year-on-year at Rs 127 lakh crore, indicating sustained cr

State-owned lender sees sharp fall in treasury gains amid hardening bond yields; asset quality and retail loan growth remain strong

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

RBI Deputy Governor Swaminathan J cautions that weak supervision may fuel short-term growth but conceal risks, with long-term costs borne by depositors, taxpayers, and the broader economy

Public sector banks are bracing up to increase IT spending in order to secure their systems, safeguard customer data, and protect monetary resources amid global concerns over Anthropic's Claude Mythos AI tool and its potential implications for financial data security. Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. In view of this new challenge, banks have to definitely increase their investments in IT to make their system more robust and reduce vulnerabilities with regard to cyber attacks, Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. He said the bank is going to increase its IT spending this financial year to meet the challenges posed by new technology. Besides, UCO Bank MD and CEO Ashwani Kumar said the bank's IT spending is going to be higher than last financial year, and a major part would go towards ...

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

Bank credit growth continued to exceed deposit mobilisation in FY26, highlighting persistent funding pressures for lenders despite a year-on-year improvement in both metrics

Banks could see Rs 35,000 - Rs 40,000 crore freed up of IFR corpus through reversal

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health

RBI's cap on banks' net open forex positions sparks sharp sell-off in banking stocks amid concerns over MTM losses and forced unwinding of dollar-long trades

Liquidity surplus narrows amid advance tax outflows and GST payments, while muted demand seen in RBI's VRR auctions and short-term borrowing shifts to TREPS market

HDFC Bank Deputy MD Kaizad Bharucha is set for a larger role as the lender reviews its organisational structure, with RBI approving his reappointment for three years

Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC

In this exclusive conversation at AI Impact Summit 2026, Rahul Sheth, Head of Marketing at BusinessNext, shares how Generative and Agentic AI are transforming banking. From sovereign AI and secure dat

Proposal could mirror RBI's 15-year limit for private bank leaders

Today's Opinion highlights RBI's draft digital fraud framework, Nepal's political churn under Balen Shah, questions around India's growth optimism, LBS reforms, and a book on plastic's global spread.

Canara Robeco Banking and Financial Services Fund will aim to take advantage of the ongoing shift in borrowing behaviour, which is no longer event-driven but is lifestyle-driven

US President Donald Trump has filed a $5 billion lawsuit against banking giant JPMorgan Chase and its CEO Jamie Dimon, alleging unlawful closure of his personal and business bank accounts in 2021.

Bank of Maharashtra officers' union has urged Centre to amend Section 17 and Rule 3 to exclude leased accommodation and concessional staff loans from perquisite taxation or align valuation with norms

RBI's Swaminathan urges banks to strengthen compliance, operational resilience, data governance, and third-party risk management to prevent disruptions and improve supervision