Indian Banks

Crisil Coalition Greenwich said banks recovered around $400 million after market spreads widened and positions were normalised following the RBI directive

S&P Global Ratings on Monday said the USD 127 billion mobilised by Indian banks through a special deposit scheme to attract US dollars is a "shot in the arm" for Indian banks as it has eased the tough funding conditions and boosted liquidity. Indian banks raised a record USD 127 billion in deposits through foreign currency non-resident bank (FCNRB) accounts between June 8 and August 31, 2026. S&P said the amount is equivalent to about 4.5 per cent of the banking system's deposit base as of March 31, 2026. "India's banks have received a shot in the arm. Favourable rates mobilised the country's diaspora to channel large deposits back home. We see this as broadly positive. "The momentum has eased the tough funding conditions, in which credit growth has exceeded deposit growth for the past four years," it added. To attract foreign capital, the Reserve Bank of India (RBI) between early June and August absorbed the full hedging cost for the principal on these 3-5 year tenor ...

Indian Bank aims to enter the insurance and asset management spaces through joint ventures within 1.5 to 2 years, while launching wealth management services in H2

While the Reserve Bank of India's special swap facility shields banks from FX risk on the deposits' principal amounts, interest payments need to be managed by lenders independently

State Bank of India (SBI) intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender. "In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This number may vary depending on retirements and emerging requirements, but I expect we should close the year with around 12,000 recruitments," he told PTI in an interaction. "Last year, we have done fairly large recruitment because we took 1,500 specialist IT officers. This year, we do not need such a large number on the IT (information technology) side," he said. With a workforce of over 2.45 lakh employees as of March 2026, SBI is among India's largest employers. SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26. On

So far in 2026, Indian lenders have raised a record of over $10 billion through US dollar bonds, with more issuances expected as the RBI's concessional swap window remains open

The offerings reached $8 billion Thursday, breaching the previous record of $7.92 billion hit in 2019, according to data

RBI data shows a sharp divide among the categories of lenders in terms of penalties imposed

Public sector banks reported no locker thefts in FY26 after 40 cases over the previous four years. RBI guidelines prescribe security standards, customer alerts and bank liability for losses

According to the Finance Ministry, private sector banks accounted for nearly 70 per cent of the total minimum balance charges collected in FY26

India imposed licensing requirements for silver imports in May to preserve foreign-exchange reserves, sending shipments plunging to an estimated 29 tonnes in June from 747 tonnes in January

The lender reported a 72% rise in June-quarter profit as lower provisions and easing slippages improved earnings despite modest NII growth and continued pressure on margins

Public sector lender Punjab & Sind Bank on Saturday reported a 23 per cent rise in net profit to Rs 331 crore during the June quarter, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 269 crore in the same quarter of the previous fiscal year. The total income increased to Rs 3,546 crore during the June quarter from Rs 3,379 crore in the same quarter of the previous fiscal year, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 3,213 crore compared to Rs 2,911 crore in the June quarter of FY26. The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year. Net interest margin was at 2.53 per cent at the end of the quarter under review. During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago. The bank's asset quality showed improvement .

RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings

Net interest income increased 23.1% to ₹1,024.72 crore, while provisions fell 64.7% and the gross NPA ratio improved to 1.38% year-on-year

The RBI and UAE central bank are discussing regulatory hurdles as India seeks to attract more foreign-currency deposits from NRIs to strengthen forex reserves

Balasubramanian said the Reserve Bank of India's recent measures to attract foreign capital could bring as much as $75 billion in inflows

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

Healthy credit growth and treasury gains are expected to lift banks' Q1FY27 profits, while asset quality remains stable despite concerns over the West Asia conflict

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing