Banking Sector

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

Analysts said that comments on NIM recovery, the impact of ECL transition, and mobilisation of FCNR deposits for the quarter are the key monitorables that investors must track in SBI's Q1 results.

The Reserve Bank of India will soon issue draft guidelines for on-tap licensing of urban co-operative banks, setting stringent eligibility norms for credit co-operative societies seeking conversion

The public sector lender plans to strengthen its presence in Delhi and Mumbai while relying on MSME growth and financial inclusion to achieve its long-term business target

With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries, the bank's Managing Director and CEO Ashok Chandra said, adding that the lender will instead focus on strengthening their operations to unlock greater value in the future. PNB's capital adequacy improved to 18.13 per cent as on June 30, 2026, compared to 17.5 per cent at the end of the first quarter of the previous fiscal year. This is well above the regulatory requirement of 11.5 per cent. As the bank is well capitalised, the bank will not be raising any fund from the market to drive growth, Chandra told PTI in an interview. In fact this year, the bank will retire Rs 5,000 crore AT 1 and Tier II bonds, which are getting matured, he said, adding that this will help save Rs 300 crore as there would no longer be interest outgo on these papers. About monetisation of subsidaries or associates, Chandra said, "We don't have any plan now. In fact, we are ...

The country's largest lender received 89 bids and retained Rs 4,691 crore from the perpetual bond issue, marking the first AT-I issuance by a bank in FY27