Banking Sector

Delhi High Court dismissed NatWest Markets' appeal over a ₹5.89 crore fixed deposit, ruling that any reduction in the interest rate must have a valid basis

Malli has around three decades of experience, including over two and a half decades in supervising banks, NBFCs and co-operative banks

Extending the Saturday holiday at banks is no longer just a union demand - it is a logical step for the well-being and operational efficiency of 1.8 million employees in a digitally driven economy

'Digital first, customer first, nation always' is the philosophy guiding State Bank of India (SBI) as it drives business growth, Chairman of the country's biggest lender C S Setty said. Talking to PTI in an interview, Setty said the bank's focus over the past two years has been on strengthening its capital base, deepening its role in the financial sector and building a more digital, customer-centric banking model. Looking back at his tenure, Setty said several of the most visible objectives his team set had been achieved, including capital augmentation, the listing of SBI Mutual Fund and the bank's strategic role in addressing the Yes Bank issue. "These are the most visible outcomes of my tenure," said Setty, who completed his two years as the bank's chairman last month. However, he said the more consequential changes were taking place beneath the surface and would strengthen both SBI and the wider banking industry over the longer term. At the heart of this transformation, he said

SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of growth

Indian Bank's plans to enter the life insurance and asset management segments are progressing as planned, and it would soon approach the board for approval, the bank's MD and CEO Binod Kumar said. The lender is currently in the process of seeking approval from its board for the proposed subsidiaries or joint ventures, following which other necessary processes will be initiated, Kumar told PTI in an interview. Regarding entry into the life insurance and asset management space, he said, "It is very much on track. We are in the process of seeking board approval and thereafter initiate other relevant regulatory and administrative processes." Kumar said identifying the right partner would be a crucial part of the exercise, as a strong partner can help accelerate wealth creation. "It will take time, say one year or so. Identifying a good partner is the most essential part of that. If you have a good partner, wealth creation is faster," he said. Kumar also underlined the strategic import

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

Earlier in the month, BoB ​had raised $400 million through three-year bonds at a 5.1140% ‌coupon and $300 million through five-year notes at a 5.3180% ​coupon

Economists have shown that information asymmetry can produce adverse selection and that markets can lose good opportunities when one side does not have enough information about the other

State Bank of India's total business could potentially double to around Rs 200 lakh crore by 2030, when the bank celebrates its platinum jubilee, given the current growth trajectory, Chairman C S Setty said. SBI came into existence on July 1, 1955 through an Act of Parliament, which, among other things, provided for the transfer of the undertaking of the Imperial Bank of India. The country's biggest lender crossed the landmark of Rs 100 lakh crore total business, which is an aggregate of total loans and advances in the second quarter of the last financial year. This further increased to Rs 110.01 lakh crore at the end of June 2026. Whether the bank had set a specific target for its platinum jubilee year, Setty said there was no formal milestone, but the bank's growth trajectory could take its total business to Rs 170-180 lakh crore and potentially as high as Rs 200 lakh crore by 2030. "We don't have any milestone, but if you take the current growth rate, I think we should be around

The bank plans to sell a benchmark-sized three-year US currency note and is holding calls with fixed-income investors starting Monday

Deliberations at PSB Confluence to act as template for panel

To cash in on the RBI's concessional swap window, Indian Bank plans to raise USD 400 million through External Commercial Borrowings (ECB) this week to support its business growth. In addition, the public sector lender may mop up another USD 600 million via ECB before the Reserve Bank of India's deadline of December 31, 2026. "The bank is considering raising USD 400 million via the ECB route as early as this week...the overseas fund raise would come at a very competitive rate," Indian Bank MD and CEO Binod Kumar told PTI in an interview. Post August, he said, the bank would consider garnering another USD 600 million as the RBI window is available till the end of the calendar year. Overall, the bank is planning to garner USD 1 billion from the ECB and about USD 2 billion via Foreign Currency Non-Resident (Bank) or FCNR (B) deposits, he said. "Indian Bank has already raised USD 1.5 billion from FCNR(B) deposits...we have seen good demand from NRIs. They are willing to put their money

South Indian Bank targets ₹3.25 trillion in total business within three years, with a focus on digital banking, retail assets, stronger efficiency and expansion into western India

The RBI has been issuing directions to bank boards on matters to be taken up at board meetings

Equitas Small Finance Bank aims to nearly triple advances to ₹1.2 trillion in five years, while preparing for a possible universal banking licence application within a year

C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance

Advances backed by eligible fresh FCNR(B) and NRE deposits mobilised during specified periods will be excluded from adjusted net bank credit used to determine PSL targets

The draft requires commercial banks to adopt the basic approach for credit valuation adjustment while offering simpler treatment to those with smaller derivatives books