Banking Sector

Raine's marquee deals in India include the $8.5 billion joint venture between The Walt Disney Co and Reliance Industries Ltdn that combined their respective digital streaming and television assets

Bank credit rises 14.6% year-on-year in fortnight ended January 31, while deposit growth remains firm at 12.5%, RBI data show

The proposed norms will come into effect from July 1, 2026. Feedback on the draft may be submitted by March 4, 2026

RBI's ULI onboards 89 lenders, supports 12+ digital loan journeys, enabling MSME, agri and retail credit via common tech infrastructure

Deputy Governor Swaminathan J says banks must design digital journeys that clearly inform customers of authorisations, with transparent terms and predictable responses

Financial Inclusion 2.0 plan aims to deepen access to banking, credit, insurance, pension and digital services, targeting universal coverage by 2047

The RBI needs to think out of the box vis-a-vis cooperative banks

Buoyed by the good health of public sector banks (PSBs), Financial Services Secretary M Nagaraju has exuded confidence that the combined profit of these banks should cross Rs 2 lakh crore in the current financial year. Stressing that the Indian banking sector is in good shape, he said credit growth of PSBs is at 12 per cent this year, which is tremendously "good", while deposit growth at 10 per cent is also reasonably very good. "As I said, banks are at the bellwether for the strength of the economy. Therefore, they are resilient. We have very prudent management systems in place under the regulator RBI. So we are not much worried about the external factors negatively impacting our banking sector," he told PTI in an interview. Asked about the profitability of PSBs, "this year (ongoing financial year) we will cross Rs 2 lakh crore. We already touched almost Rs 1 lakh crore in the first half...I think we will cross Rs 2 lakh crore." The combined profit of PSBs would double in three ..

The government will soon constitute a High-Level Committee on Banking for Viksit Bharat to draw up a blueprint to create mega-lenders capable of meeting the financing needs of a developed India, Finance Minister Nirmala Sitharaman said. "We want the committee to tell us what kind of things we need to do so that banking is made available for funding Viksit Bharat," she told PTI Videos in an interview. Asked if it would suggest a merger of public sector banks, Sitharaman said one should not narrow it down like that. "It is for India's banking sector to be made big enough, big enough in the sense, made or primed to take care of Viksit Bharat funding. You have to reach Viksit Bharat destination...it (Viksit Bharat) needs money, it needs financing, it needs credit, it needs banking facility to reach the common man." When asked about the timeframe for formation of the committee, she said, "We will do it at the earliest". "I propose setting up a 'High Level Committee on Banking for Viksi

The Reserve Bank of India will replace the flat-rate deposit insurance premium with a risk-based framework from April 2026, aiming to reward stronger banks and encourage better risk management

Credit offtake strengthened on broad-based demand led by personal loans, MSME borrowing and services sector growth, while gold loans surged 127.6% amid reporting norm changes

RBI MPC: The Reserve Bank of India unveiled plans to protect bank customers, curb digital fraud, ease loan rules for MSMEs, and simplify norms for banks, UCBs and NBFCs

Fraud moves fast, so must we

The government is discussing raising the foreign direct investment cap to 49 per cent from 20 per cent, federal banking secretary M Nagaraju said

Budget FY27 signals deeper banking reforms, possible PSB consolidation and higher borrowing, shifting the onus to RBI to manage yields and liquidity

Rising credit-deposit ratios are straining bank liquidity even as RBI data shows NPAs falling largely due to write-offs, not recoveries

The proposed committee could examine long-pending issues such as corporate entry into banking, FDI norms, voting rights caps and consolidation

Union Budget 2026 drew mixed reactions from industry leaders, who welcomed the growth and capex push while stressing the need for execution clarity, long-term policy support and reform follow-through

Private bank CEOs say faster change, sector specialisation and new products like M&A financing are key as banks adapt to shifting corporate funding and growth needs

As regulations converge and funding widens, NBFCs say the appeal of becoming a bank is fading - but their role in last-mile credit delivery is only getting stronger