Indian Banking System

Indian Bank plans to add about 100 branches this year, with a primary focus on increasing the bank's presence in the Central and Western parts of the country. To manage growing business and replace retiring employees, the bank would increase its headcount by about 2,500 personnel, including specialist officers. "Last year we opened 100 branches. This year too we have similar plans. Just on August 15, which was our foundation day, the bank inaugurated 15 branches across the country," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. The bank had 6,003 domestic branches and three overseas -- Singapore, Colombo and Jaffna and IFSC Banking Unit (IBU) at Gandhinagar as of June 30, 2026. The seventh-biggest public sector bank enhanced its presence in the eastern region and Uttar Pradesh with the amalgamation of Allahabad Bank in 2020. "Now we are trying to increase our presence in the Central and Western parts of the country," he said. On the recruitment side, Kumar said,

The CEO search comes after about six months of upheaval at HDFC Bank where leadership issues have weighed on its shares

The central bank absorbed ₹1.41 trillion through seven-day and overnight VRRR auctions at 5.24 per cent, and announced a ₹1.75 trillion two-day auction for Tuesday

This is a rare phenomenon in the Indian banking industry. What's more, nine banks have half a per cent or more net NPAs

Public sector lender Indian Bank expects its gold loan book to cross Rs 1.5 lakh crore in the current financial year, supported by robust demand for the product. "Gold loan is safe lending for banks...it is not a consumption loan, but mostly it is income-generating and also helps small businesses to grow. Last year, we saw very significant growth of 30 per cent in the segment due to a jump in gold prices. It will be slower this year as there is a 30 per cent decline in gold prices," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. This growth would come from tonnage, he said, adding that the gold loan segment is likely to grow about 20 per cent. Currently, the gold loan portfolio is around Rs 1.25 lakh crore, and the book should exceed Rs 1.5 lakh crore during this financial year at the anticipated growth rate, he said. Kumar further said that RAM (Retail, Agriculture, and MSME) constitutes 65 per cent of the overall loan book while the remaining 35 per cent is from .

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

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

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

The gross NPA ratio fell 112 basis points year-on-year to 1.57 per cent and the net NPA ratio declined 27 basis points to 0.36 per cent in the June quarter

Punjab National Bank's June-quarter profit jumped 214% on a favourable base, but net interest margin stayed below FY27 guidance despite improving asset quality and steady loan growth

Public sector lender Indian Bank is targeting up to Rs 5,500 crore from the recovery of bad loans during the current financial year. "The recovery made during the first quarter was Rs 1,885 crore, and the aim is to garner Rs 4,500 crore to Rs 5,500 crore under this head in FY27," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. Of this, the Chennai-based bank hopes to realise Rs 500 crore during the ongoing financial year from cases listed before NCLT. Asked about the foreign currency deposit mobilisation drive started last month, he said the bank has collected USD 140 million till July 9. "My plan is to raise around USD 2 billion in FCNR (B) deposits till September. It may seem high, but I already have a pipeline of USD 1 billion," he said. Indian Bank currently offers interest rates varying from 5.5-6.5 per cent on FCNR (B) deposits depending on tenure and amount. In a bid to attract foreign currency deposits by Non-Resident Indians (NRIs), Overseas Citizens of In

There are two key issues behind this phenomenon. The RBI and the government can solve this in a jiffy

The bank's total staff fell to 211,178 as of March 31 from a year earlier with new hiring dropping by 3,811, according to its annual report released on Saturday

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI

HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

The board also approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) for a four-year term starting June 30, 2026

The Reserve Bank of India (RBI) on Tuesday injected Rs 1,41,171 crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. The funds were infused at a cut-off and weighted average rate of 5.26 per cent, according to the RBI's release. This was done after the liquidity in the banking system turned in to deficit of Rs 19,971.89 crore as on June 22, from a surplus of Rs 30,685.11 crore as on June 21. Experts attributed the tightening of liquidity to the outflows on account of goods and services tax (GST) payments from the banking system. The liquidity entering the deficit territory has put pressure on the overnight money market rates, with weighted average call money rate trading at 5.43 per cent, which is 0.18 per cent above the RBI's repo rate. Similarly, the tri-party repo (treps) were trading 0.05-0.07 per cent over the repo rate. In the last few days, the central bank has been infusing transient liquidity into the banking system as i

The Reserve Bank of India will conduct a seven-day variable rate repo auction worth Rs 1 trillion to manage evolving liquidity conditions in the banking system

State-owned lender Punjab & Sind Bank intends to achieve a milestone total business of Rs 3 lakh crore by end of the ongoing financial year helped by loan growth. "We have achieved total business of Rs 2.63 lakh crore in FY26, registering a growth of 15 per cent and hope to cross Rs 3 lakh crore during the current financial year," Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. The bank is expecting a credit growth of 16-18 per cent and deposit expansion of 13-14 per cent in the ongoing financial year, he said. With this kind of credit and deposit growth, he said, the bank can surpass Rs 3 lakh crore business mix, which is total of advances and deposits. To meet the credit expansion, the bank is also planning to raise resources from both equity and debt. Punjab & Sind Bank is eying to mobilise up to Rs 3,000 crore via share sale on a private placement basis in a bid to meet the minimum public shareholding (MPS) norms of market regulator Sebi. As per Sebi norms, ..