Page 4 - Subrata Panda

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

SBI, Bank of Baroda flag possible disruption from bank unions' strike calls

The UFBU has called strikes on September 11, September 28-30 and an indefinite strike from October 26 over demands including a five-day working week and incentives

The Sashidhar Jagdishan years at HDFC Bank: Crisis, merger, and scrutiny

Sashidhar Jagdishan's six-year tenure at HDFC Bank was marked by regulatory setbacks, the HDFC merger, governance controversies and scrutiny of its Dubai operations

Kaizad Bharucha seen as strong contender for HDFC Bank's MD & CEO post

HDFC Bank's CEO succession race is heating up, with Kaizad Bharucha emerging as a strong internal contender alongside senior bankers from ICICI, Tata Capital and CSB Bank

HDFC Bank's Sashidhar Jagdishan moots a 'clean slate' for successor

Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins

Vodafone Idea close to securing loan from SBI, but on a condition

Disbursement subject to telco raising funds from private banks

Home ministry asks Google to remove fake bank pages on Firebase

The Firebase notices come amid a broader regulatory push to curb digital-payment fraud. The RBI's fraud-prevention measures broadly cover three areas

HDFC, PNB lead banks lining up for the next wave of dollar bonds

HDFC Bank's latest $1.75 billion fundraise through the twin dollar bond issuance takes the bank's total fundraising through dollar bonds over the past two months to $2.5 billion