Subrata Panda

RBI may hike rates by 25 bps each in Oct & Dec as inflation may cross 6%

Economists say the rate hike cycle could be shallow, with 50-75 bps hike in the current cycle

HDFC Bank MD and CEO choice key to ending succession uncertainty

Macquarie Research also described the board's move as a decisive step towards settling the leadership question.

SBI may soon issue sanction letter to Vi for its share of ₹35K cr funding

This move is likely to prompt other lenders to move forward with their decision to back telco

Banks likely to see 15-20 basis points rise in FCNR(B) deposit costs

Rise due to hedging costs on interest, not absorbed by RBI

RBI proposes temporary debit holds on suspected money mule accounts

Banks can hold fraud-linked amounts immediately; customers get 20 days to explain transactions

Race for HDFC Bank MD & CEO likely between insider and outsider

Order of preference in which two names are submitted to RBI is critical

HDFC Bank's board approves two names for MD&CEO, sends shortlist to RBI

The bank did not disclose the shortlisted candidates; also, the board inducted Jimmy Tata as executive diretor and said it would add one whole time director position as part of its succession planning

Bank of India raised $2.4 bn FCNR-B deposits, Indian Bank $2.3 bn

The state-owned lenders are using cheaper foreign-currency funding to meet rupee liquidity needs, extend loans and reduce dependence on high-cost deposits and borrowings

FM Sitharaman for AI safeguards to keep pace with rapid tech evolution

Finance Minister Nirmala Sitharaman calls for stronger AI safeguards, human oversight and regulatory coordination while warning against emerging systemic risks

SBI to use UPI data to lend to small businesses without GST registration

India's largest lender is developing a solution that will use UPI transaction data as a proxy for sales to extend loans to small businesses outside the GST system

Fintech rules must match risks, not make firms resemble banks: RBI's Murmu

RBI Deputy Governor Shirish Chandra Murmu says regulation should address risks appropriately while allowing responsible innovation and experimentation to scale

HDFC Bank says Bahrain court rejects all seven Credit Suisse AT1 claims

Bahrain High Civil Court rejected two investor cases on September 9 after five similar matters were dismissed in July and August, according to HDFC Bank

Fintechs should treat customer data as fiduciary responsibility: RBI Guv

RBI Governor Sanjay Malhotra cautions fintechs against exploiting regulatory gaps, urges them to protect customer data and focus on responsible, inclusive innovation

Banks will take 3-4 months to deploy FCNR(B) flows, says C S Setty

CS Setty said banks would deploy the liquidity gradually, while also calling for lower upfront costs to enable large-scale adoption of agentic AI in Indian banking

FCNR(B) inflows could lead to 'abnormal lending': Axis Bank MD & CEO

Axis Bank MD & CEO Amitabh Chaudhry cautioned banks over deploying excess liquidity, while flagging the possibility of an interest rate hike in the near future

Reliance on common tech providers raises contagion risk: RBI deputy guv

RBI Deputy Governor Rohit Jain cautioned that reliance on a small group of cloud, technology and AI model providers could transmit disruptions across financial institutions

Aadhaar prepares to scale authentications to 300 million a day: UIDAI chief

UIDAI is also working on a 10-year technology roadmap that includes post-quantum cryptography, AI-based fraud detection and possible Aadhaar authentication outside India

Reform express to move at an even faster pace, says PM Narendra Modi

India growing at 7.8% gives the world a new sense of confidence, he said

Fintech a valuable partner in building for future: RBI Governor Malhotra

Governor Sanjay Malhotra says fintech has expanded financial inclusion, improved customer experience and enabled faster, more efficient credit delivery across India

Gold loans surge at NBFCs in July as banks see moderation in growth

NBFC credit against gold jewellery grew 68.5 per cent year-on-year in July, while growth at banks moderated to 88.1 per cent from 136.4 per cent a year earlier