Banking Sector

Additionally, the share of gold loans in overall retail loans of banks has now doubled to 6 per cent (January 2026), from 3 per cent as of January 2025

DFS to again meet on shadow banks next week

At a two-day workshop with 60 banks, RBI called for stronger governance, better internal controls and greater tech adoption to counter rising cyber-enabled financial frauds

"AgriStack is a fantastic experiment. I would think the next UPI-like big revolution shall emerge from AgriStack. Now we'll be able to have a clear picture of how much fertiliser is required"

Credit card spending eased to Rs 2 trillion in January after festive highs, though outstanding cards rose to 116.65 million as issuers recalibrated amid tighter norms and shifting customer profiles

Fortnightly issuance hits ₹1.34 trn; outstanding at record ₹6.62 trn

DFS Secretary M Nagaraju asked banks to lower borrowing costs for small-ticket business loans and expand credit, stressing PSBs' strong capital position and upcoming digital lending portals

Customers must stay vigilant and avoid falling prey as mis-selling is not easy to prove

M Nagaraju highlighted the vital role of Business Correspondents in last-mile banking, urging continuous process improvement, service expansion and enhanced digital oversight to meet customer needs

The combined net profits of the listed companies excluding these cyclical sectors were up just 7.5 per cent Y-o-Y, decelerating from 17.2 per cent in Q3FY25 and 10.9 per cent in Q2FY26

Rising CD yields and lower perceived risk draw investors away from CPs as banks ramp up short-term borrowings amid deposit tightness

From a customer perspective, the stricter norms are welcome, industry executives said

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 ..