Banking Sector

The Reserve Bank has imposed several restrictions on Mogaveera Co-operative Bank, Mumbai, including capping withdrawals at Rs 1 lakh, amid its deteriorating financial position. The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a statement. The cooperative bank cannot grant or renew any loans and advances, make any investment, incur any liability, including borrowing of funds and acceptance of fresh deposits, the statement added. "Considering the bank's present liquidity position, the bank has been directed to permit withdrawal of a sum not exceeding Rs 1 lakh from savings bank or current accounts or any other account of a depositor ...," it added. RBI continuously engaged with the Board and senior management of the bank for improvement in its functioning, the central bank said. "However, lack of concrete efforts by the bank to address the supervisory concerns an

Credit growth accelerated sharply in the fortnight ended May 31, while deposit mobilisation remained slower, widening the credit-deposit growth gap to 544 basis points

RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end

Bank of India expects up to $1 billion in FCNR-B inflows under RBI's special window, while maintaining strong credit growth and preparing for ECL norms

The move is expected to support recently announced measures to attract foreign capital, while easing regulatory constraints on banks participating in RBI swap facilities

Bandhan Bank on Monday announced the opening of eight new branches across Karnataka, Uttar Pradesh, Delhi and Haryana, taking its nationwide branch network to 1,984. The bank said four of the new branches were opened in Karnataka, two in Delhi, and one each in Uttar Pradesh and Haryana, as part of its expansion strategy. The branches were inagurated in Mysuru, Bengaluru, Delhi, and Gurgaon. "As our network grows, we stay committed to sustainable expansion and delivering innovative, flexible banking solutions that meet evolving customer expectations," Bandhan Bank Executive Director and Chief Business Officer Rajinder Kumar Babbar said. With the latest expansion, Bandhan Bank's presence now spans 35 of the country's 36 states and union territories. The lender serves more than 3.2 crore customers through over 6,380 banking outlets across India, it said. Bandhan Bank said it had a deposit base of Rs 1.66 lakh crore and advances of Rs 1.54 lakh crore as of March 31.

The government has sought urgent feedback from banks on reported ATM cash replenishment issues amid concerns over cash availability and service disruptions

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month

Credit growth expanded at 16.2 per cent in the year through May 15, the fastest clip since June 2024, according to the Reserve Bank of India data

For banks, a higher leverage ratio is generally a sign of stronger capitalisation, not higher risk

RBI's ECL regime will shift the focus from recognising bad loans to predicting them, making risk management a key differentiator for banks

Advances account for 85% of all frauds in banking industry in FY26, says regulator in annual report

Bank lending continued to outpace deposit growth in the fortnight ended May 15, with strong traction in NBFC, retail and industrial credit segments

DFS Secretary M Nagaraju reviewed PSU banks' performance and urged them to remain prepared and adaptable in view of the evolving situation in West Asia

In Q4, the bank reported NIM of over 4 per cent largely because, in anticipation of higher deposit costs, we repriced advances earlier

Central Bank of India is well-positioned to reach the milestone of Rs 5,000 crore annual profit during the current fiscal year after clearing the deferred tax asset, according to the bank's MD and CEO, Kalyan Kumar. In the March quarter of FY26, the state-owned bank took a one-time hit of Rs 632 crore due to the recognition of deferred tax assets at a rate of 25 per cent, as against 35 per cent. "From the current year, we are migrating to the new tax regime and it will give us additional benefit of Rs 600-700 crore in our annual profit that is going to help us in bringing improvement in the bottom line," Kumar told PTI in an interview. Asked if the bank can cross the Rs 5,000 crore milestone in FY27, he said, "The bank booked a profit of Rs 4,369 crore in FY26 and Rs 5,000 crore should not be any challenge for Central Bank of India (going by the current run rate)." Stressing that customer centricity is the most important thing for any financial organisation, he said the company mus

The comments come as SBI sharpens its 'Digital First, Customer First' strategy, with continued investments planned in technology, data analytics, AI, cybersecurity, and digital infrastructure

The Bengaluru-based lender turned profitable following its merger with North East Small Finance Bank, with total income more than doubling in FY26

ICICI Bank shares gained after RBI approved the reappointment of Sandeep Bakhshi as MD & CEO for another two years starting October 2026

Banks are seeing early interest in ECLGS 5.0 as MSMEs seek extra liquidity buffers amid rising uncertainty linked to the West Asia crisis