Banking

SFIO launches probe into IndusInd Bank over accounting discrepancies

IndusInd Bank says SFIO has launched an investigation under Section 212 and sought information after discrepancies were flagged in derivatives and microfinance accounting

Credit card spending moderates to ₹1.89 trillion in November 2025

After crossing Rs 2 trillion in September and October, credit card spending eased to Rs 1.89 trillion in November 2025, with major issuers reporting month-on-month declines

RBI's Board approves risk-based deposit insurance framework for banks

RBI Governor Sanjay Malhotra chaired the meeting

Indian banks face deposit dilemma as RBI rate cuts squeeze margins

Indian banks are struggling to balance deposit mobilisation and margin protection after the RBI's latest rate cut, as savers shift away from banks even as credit growth remains strong

GST rate rationalisation gives fillip to retail credit market in Q2FY26

The period saw more demand for vehicle finance (two-wheeler loans and auto loans) and consumer durables; and this also led to an uptick in the CMI for demand to 95 from 92

Govt to use green-shoe option to divest 3% stake in Indian Overseas Bank

The OFS of Indian Overseas Bank (IOB) opened for subscription on Wednesday for non-retail investors at a floor price of Rs 34 per share.

Six private sector candidates apply for Canara Bank MD & CEO role

On October 9, the government opened up one MD position in State Bank of India (SBI) and other PSBs for private sector bankers

Centre to sell up to 3% stake in Indian Overseas Bank, eyes ₹2,100 crore

The Centre will sell a base tranche of 2 per cent, or about 385.1 million shares, with an option to offload an additional 1 per cent, or 192.5 million shares, through a green shoe option

PSBs rework branch strategy to cut costs amid changing customer behaviour

PSU banks are reviewing low-traffic locations, shrinking branch sizes and using AI-driven site analytics as digital adoption rises, leading to more mergers and micro branches in rural areas

Axis Bank plans to hire 50 private bankers amid wealth boom in India

Axis Bank plans to add 50 private bankers and launch multiple funds from GIFT City as it expands Burgundy Private to tap India's rapidly growing wealthy client base

Multiple challenges continue to ail the ATM interchange fee conundrum

Eight months after RBI raised ATM interchange charges, banks are still split on what next as Rs 2,000 notes vanish, costs climb, and withdrawal volumes soften

PSBs eye M&A market but face talent, pay and regulatory hurdles ahead

Banks planning to enter this line of business need to prepare on several fronts, from raising payouts and hiring specialised talent to navigating potential governance challenges

RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn

The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields

JPMorgan to open first new branch in India in nearly a decade after RBI nod

Foreign banks are being drawn to expand in India, lured by its rapid economic expansion, strong credit demand and deepening corporate activity

Banks step up borrowing via CDs amid deposit tightness; raise ₹77,875 cr

Outstanding CD issuance tops record ₹5.7 trn during the period

SBI MD flags concerns on Account Aggregator's single consent mechanism

Speaking at an event, Tiwari argued that most customers do not read the fine print and often sign up without understanding the details

RBI overlap relief averts 2-6% hit to bank groups' advances, says CRISIL

CRISIL said RBI's final guidelines allowing overlapping lending within bank groups avert a 2-6 per cent hit to advances for 12 large groups, while keeping key NBFC and ARC proposals

Unclaimed deposits in Oct reduced by ₹760 cr: RBI deputy guv S C Murmu

Unclaimed deposits fell by ₹760 crore in October as RBI pushes awareness drives, improves UDGAM access, and plans a two-month campaign to clear pending grievances from January 2026

Under pressure bank NIMs to squeeze further after RBI's 25 bps cut

Banks may face further margin pressure as repo-linked loan rates reset faster than deposits, though liquidity support and CRR cuts could soften the impact in Q4

RBI's revised norms empower cooperative banks with greater autonomy

RBI's final business authorisation norms expand operational autonomy for co-op banks while strengthening oversight, introducing a four-tier framework for the diverse UCB sector