Banks

Deliberations at PSB Confluence to act as template for panel

Finance Minister Nirmala Sitharaman on Monday said the government would soon constitute a high-level panel on 'Banking for Viksit Bharat'. In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth. Addressing the two-day PSB Confluence here, Sitharaman said, "We expect the announcement of the high-powered committee to look into the banking sector... soon the committee will be announced." She said the committee would give its thoughts and recommendations to the government. "I propose setting up a 'High Level Committee on Banking for Viksit Bharat' to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection," she had said in the Budget speech on February 1, 2026.

Despite early closure, experts expect total inflow of $60-70 bn by Aug-end

ATMs offer fund transfers, bill payments and several other services beyond cash, but low awareness and the rise of mobile banking have left much of this capacity underused

RBI says CBDC and ULI adoption is accelerating as live transactions expand, with new use cases, more lenders and wider state participation driving growth

The RBI has kept the repo rate unchanged at 5.25%, meaning there’s no immediate relief—or burden—for home loan borrowers. So, what does this mean for your EMI? Will banks reduce lending rates?

The world's oldest bank faces a high-stakes takeover battle as consolidation reshapes Italy's banking sector and tests Monte dei Paschi's independence

The government has approved the Reserve Bank of India's plan to issue 1 billion each of ₹10 and ₹20 polymer banknotes for field trials. If successful, these notes could be issued regularly.

Following privacy concerns, NPCI has asked UPI apps to hide phone numbers and make username-based payment IDs the default for new users

Three US law firms have launched preliminary investigations into HDFC Bank after reports of alleged payment irregularities. But does this mean the bank has been sued?

Tamilnad Mercantile Bank (TMB) on Monday reported a 35 per cent jump in net profit to Rs 412 crore for the first quarter ended June 30 on improvement in its core income. The bank had a net profit of Rs 305 crore in the June quarter of the previous fiscal. The total income rose to Rs 1,901 crore during the June quarter of the current fiscal year from Rs 1,617 crore in the same quarter of FY26, TMB said in a regulatory filing. Interest earned by the bank improved to Rs 1,662 crore, as compared to Rs 1,386 crore in the June quarter of FY26. Net Interest Income of the bank rose by 32 per cent to Rs 765 crore from Rs 580 crore in Q1 of the previous financial year. In a post-result interaction with media, Tamilnad Mercantile Bank MD and CEO Salee Sukumaran Nair said the bank is exploring an option of opening a representative office overseas to mobilise deposits from NRIs. With regard to IT spending, he said the bank would spend Rs 280 crore on improving infrastructure, mobile app etc.

Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options

Corporate India's Q1FY27 earnings season has kicked off on a strong note. Early results show the fastest profit growth in 11 quarters, driven by banks, Reliance Industries, IT services and metal.

Benchmarks end lower; ICICI Bank bucks the trend, PNB shine

Retail loan disbursements strengthened across banks in Q1 FY27, while corporate credit demand remained firm, driven by working capital needs, refinancing and a shift from bond markets

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

Banks booked modest treasury gains in Q1FY27 despite softer bond yields as they pared excess SLR holdings and sold government securities to support credit growth

Banks have largely agreed on Vodafone Idea's financial projections but want stronger promoter guarantees before approving ₹35,000 crore in fresh funding

PNB says its low credit-deposit ratio gives enough room to sustain loan growth, delaying aggressive deposit mobilisation while focusing on margins

Analysts at Emkay Global Financial Services believe that banks are likely to begin FY27 on a healthy note, with strong loan growth and resilient asset quality and treasury income gains.