Banking Industry

Ujjivan Small Finance Bank on Monday said RBI has rejected its application to transition to a universal bank and advised it to reapply after demonstrating a diversified loan portfolio. In a regulatory filing, Ujjivan SFB said the Reserve Bank has taken note of the bank's recent efforts towards diversification of its loan portfolio. "However, they were of the view that there is scope for progress in this area. Therefore, RBI has returned the above-mentioned application and advised the bank to consider applying again after demonstrating a diversified loan portfolio," Ujjivan said. In February 2025, Ujjivan SFB had announced submitting an application for universal banking licence to the Reserve Bank of India (RBI). Shares of Ujjivan closed at Rs 60.34 apiece on the BSE.

When it came to banking, the turf on which foreign banks play in India saw dramatic developments last year; the lens through which the banking regulator viewed them also changed

Opens door for inclusion of state-owned NBFCs

The meeting, held at the Treasury Department in Washington, was aimed at ensuring banks were aware of the risks posed by Mythos

The RBI wants lenders to start sharing data on at least 70% of such derivative transactions, starting February 2027

Meanwhile, yields on outstanding loans declined by 4 bps in February, with state-owned banks' yields easing by 1 bp and private sector banks seeing a sharper 6 bps decline

India's technology sector saw funding decline in FY26, but investor sentiment signals a gradual recovery as the market stabilises with disciplined investment and focus on fundamentals

Atanu Chakraborty says resignation was driven by value incongruence over multiple issues, including AT-1 bond mis-selling and governance concerns, not any single trigger

Chakraborty abruptly resigned from the bank's board earlier this month, citing differences over "values and ethics" and triggering a stock selloff and a damage control exercise by the lender

Ever wondered why banks' advances and deposits spike in the last few days of March - only to drop soon after?

Move follows Atanu Chakraborty's resignation citing ethical concerns; bank seeks to reinforce governance standards amid investor worries

HDFC Bank faces fresh scrutiny after its former chairman's exit revived concerns over client losses from Credit Suisse AT1 bonds mis-selling allegations and regulatory lapses

Banking system liquidity often takes a hit towards the end of India's fiscal year which runs through March 31, temporarily pushing up super-short-term borrowing costs

Amended framework empowers domestic banks, boosts flexibility in deal-making and introduces stringent credit safeguards

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

How to make bancassurance a genuine vehicle for financial security rather than a source of grievance and distrust

Issues the high-level committee can look into to prepare the Indian banking system for 2047

India's credit-deposit ratio remained at a record 82.5% for the fourth consecutive fortnight ended February 15, 2026, as credit growth continued to outpace deposit growth across the banking system

A ban on bank funding for proprietary trading, stricter collateral rules and higher haircuts are expected to hurt pvt banks' exposure and fee income, while shifting brokers toward CP, NBFC borrowing

Japan and India have renewed their Bilateral Swap Arrangement, keeping the facility size at $75 billion, to strengthen financial safety nets and deepen economic cooperation