Banking Industry

The central bank imposed the penalty after its inspection found non-compliance with regulatory directions relating to the charging of management fees by the ARC

SBM Bank (India), a wholly owned subsidiary of SBM Bank (Mauritius) Ltd, is exploring a 26 per cent stake sale, and the proceeds would be utilised for the expansion of its Indian operations, the bank's ED and CFO, Amit Jagdhari, said. "The bank has appointed a consultant for the process, and we are at the Expression of Interest stage. As you know, there are very regulatory processes involved, so it is very difficult to give a timeline," he said. He clarified that the money realised from the stake sale would be deployed as growth capital for SBM Bank (India). He further said the parent entity has infused Rs 75 crore in June, while another Rs 75 crore is coming later this month to grow the business. The bank, with a limited branch presence in the country, aims for credit growth of 32-35 per cent in FY27. Earlier in the day, the bank opened its 23rd branch in Gurugram near Delhi. Alongside its physical expansion, SBM Bank India is also strengthening its digital wealth proposition, h

Chakraborty said succession planning was a problem among private banks, often avoided because "there is a cost to it". Failure to plan, he said, could hurt valuations

Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins

Average spending per card continues to face downward pressure as the pace of card issuance outpaces aggregate transaction volume growth

DBS Bank India says the bank is keen to invest and grow the retail lending business but will be judicious in choice of retail products that they will offer

This is a rare phenomenon in the Indian banking industry. What's more, nine banks have half a per cent or more net NPAs

This is a rare phenomenon in the Indian banking industry. What's more, nine banks have half a per cent or more net NPAs

The Firebase notices come amid a broader regulatory push to curb digital-payment fraud. The RBI's fraud-prevention measures broadly cover three areas

The two-day conclave will focus on deposit mobilisation, credit expansion, rural value chains, wealth management and other next-generation reforms for public sector banks

The decision to reintroduce on-tap licensing for urban cooperative banks signals the regulator's growing confidence that governance reforms have created sufficient safeguards

Bank looks to mobilise $10 billion via FCNR (B) deposits

RBI data shows a sharp divide among the categories of lenders in terms of penalties imposed

CFO, group retail assets head also fined ₹1 lakh, warned over MSRDC deposits

The most alarming dimension of frauds perpetrated by insiders is their organised, multi-institutional character

SBI Funds Management made a subdued debut on the bourses, listing at Rs 613.30, a premium of 6.85 per cent over its issue price of Rs 574

Net interest income rose 5.9 per cent, while provisions fell 40.5 per cent and gross advances grew 16.4 per cent; the gross NPA ratio improved to 3.1 per cent

NII rose 26 per cent YoY to Rs 2,946 crore, supported by healthy growth in advances and an expansion in margins. Sequentially, NII declined 7 per cent

Net interest margin (NIM) fell 10 basis points year-on-year to 3.06 per cent as the fall in yield on advances was sharper than the decline in the cost of funds

India's third largest private sector lender, Axis Bank had also reduced its workforce by around 3,100 in FY26 as investments in technology over the years began yielding productivity gains