Banking

BoB steps up cyber defences after attack, tech spend to exceed 10%

The July 2026 email compromise was a wake-up call, says MD & CEO Debadatta Chand, as the lender steps up cybersecurity spending across technology, personnel and processes

Axis Trustee threatens contempt action against Yes Bank over AT1 bonds

The trustee warned of contempt proceedings against the bank and its directors over alleged non-compliance with the Supreme Court ruling setting aside the Rs 8,415 crore AT1 bond write-off

Former CVC Suresh N Patel to lead high-level banking reforms committee

The six-member committee will review banking regulations, capital requirements, priority sector lending and digital innovation, and recommend reforms to boost global competitiveness.

Bank advances against deposits up 53% due to FCNR(B) leverage: RBI data

RBI data shows bank advances against fixed deposits rose 53.3 per cent to Rs 2.17 trillion in September 2026, while overall bank credit expanded 19.4 per cent year-on-year

BoB reports highest-ever quarterly profit of ₹6,532 crore in Q2FY27

Bank of Baroda's net profit rose 36 per cent YoY to a record ₹6,532 crore in Q2FY27, aided by higher treasury income, while advances grew 18.3 per cent and asset quality improved

73% banks see H2FY27 non-food credit growth above 14%: Ficci-IBA survey

The 22nd Ficci-IBA Bankers' Survey shows 96 per cent of respondents expect non-food credit growth of at least 12 per cent, with private banks expressing the strongest optimism

Bank holidays in November 2026: Check state-wise list of closures in India

Nov 2026 bank holidays will vary across Indian states based on local festivals. The RBI has outlined specific holiday dates for scheduled banks for both scheduled and non-scheduled banks

RBI steps up scrutiny of banks' cyber defences amid rising AI-led attacks

In a series of recent meetings, the RBI asked banks to probe weaknesses in application programming interfaces (APIs), the software links banks use to connect with non-bank lenders and fintechs

Tata Sons debate: Listed middle layer NBFCs have higher advances as NPAs

However, bad assets in absolute amount are higher among listed upper layer NBFCs

Credit card spending falls 5.9% in September, first decline since 2021

Spending drops 5.9% in Sep to Rs 2.04 trillion against a high year-ago base

Equitas SFB CEO Vasudevan quits over 'perceived conflict of interest'

Vasudevan says investor concerns over his daughter's association with an NBFC have weighed on the bank's stock performance; he will continue until a successor takes charge

New RBI forex derivative rules make FCNR(B) hedging costlier for banks

Banks face higher costs to hedge interest payments on FCNR(B) deposits as RBI's new forex derivative rules require a 20 per cent reserve, while dollar-rupee forward premiums rise

Fino Payments Bank posts ₹20.9 crore Q2 loss on margin compression

Fino Payments Bank reports a ₹34.6 crore loss in H1FY27 as revenue falls 25 per cent, while Q2 loan referral disbursals surge 286 per cent amid preparations for its SFB transition

Banking assets in GIFT City jump 60% to $193 bn in 3 months as credit grows

Growth in credit markets, foreign currency deposits, and external commercial borrowings has boosted banking assets at India's international financial hub as it competes with Singapore and Hong Kong

How Indian banks are planning to offset Irdai's insurance commission cuts

Irdai has proposed product- and channel-specific caps on insurance commissions, lower expense limits for insurers; banks are exploring mutual funds and forex to offset potential income losses

Flight to safety hits fintech funding, DPDP Act may lead to further squeeze

Fintech funding rounds declined 41 per cent to 153 in January-September 2026, even as capital raised increased 14 per cent to $2.2 billion, signalling a shift towards established firms

Bandhan Bank reports ₹622 cr net profit in Q2, gross NPA at 3.11%

Bandhan Bank reported a net profit of ₹622 crore in Q2 FY27, with gross NPAs at 3.11%, interest earned at ₹5,754 crore and provisions at ₹718 crore.

Expenditure quality key to states' long-term fiscal health: RBI Governor

RBI Governor Sanjay Malhotra urged states to improve expenditure quality, adopt prudent borrowing and cash management practices, and use ULI and programmable CBDC for direct transfers

AI agents could transform banking, but risks remain, say industry experts

Business Standard BFSI Summit: Banking leaders said banks must strengthen security controls and authenticate AI agents as autonomous banking develops

This credit-growth cycle is very different, says Axis Bank MD & CEO

Axis Bank MD and CEO Amitabh Chaudhry says the current credit-growth cycle is more broad-based, with stronger bank capital, improved underwriting and better risk management