Banking

Automation nudges Axis, HDFC Bank, and RBL Bank towards a leaner workforce

Headcount cuts in FY26 reflect tech-led shifts in frontline roles

RBI eases risk-weight trigger for unrated big-ticket loans, tweaks norms

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

RBI finalises expected credit loss norms; rollout set for April 2027

The ECL framework is forward looking and asks banks to build buffers based on the likely losses an asset will incur

Visa appoints Suresh Sethi as group country manager for India, South Asia

Based in Mumbai, Sethi will report to Stephen Karpin, Regional President, Asia Pacific, Visa

FinMin asks PSBs to complete wage revision process in next 12 months

The wage revision for employees and officers of public sector banks would be due from November 1, 2027

Small business credit growth slows to 14.9 per cent: CRIF-SIDBI report

India's small business credit portfolio remains resilient at ₹47.8 lakh crore, though growth moderated amid a higher base, even as smaller-ticket loans gained share

Bank credit grows by 15% in April 15 fortnight, shows RBI data

In the fortnight, credit contracted by 2.1 per cent or Rs 4.39 trillion, while deposits contracted by 2.2 per cent YoY or Rs 5.81 trillion

NBFCs seek access to fraud registry, but may need amendment to RBI Act

Non-banking financial companies seek access to RBI's central fraud registry, arguing that limited access raises fraud risks as lending partnerships with banks deepen

Sitharaman meets banks on AI risks after concerns over Anthropic's Mythos

The meeting assumes significance in view of development of the Claude Mythos AI model by Anthropic claiming that it has found vulnerabilities in many major operating systems

WALR transmission higher for private banks than PSBs in easing cycle: RBI

RBI Bulletin shows stronger pass-through of rate cuts to lending rates by private banks than PSBs, though overall transmission across sectors remains robust

Govt extends tenure of BoI, BoB managing directors for 3 years

Government extends tenures of BoI and BoB chiefs by three years, ensuring leadership continuity across key PSU banks; decision on UCO Bank CEO still pending

Credit growth to slip below 12% in FY27 amid global uncertainties: Icra

Icra expects bank credit growth to ease below 12 per cent in FY27 as West Asia conflict, higher oil prices and deposit competition weigh on lending, margins and asset quality

Banks dangle 30% raises for dealmakers to meet IPO demand in India

Firms are looking to increase the total number of positions by 15% to 20%, according to estimates by the executive search firms Sheffield Haworth and Native, compared with last year's growth of 18%

HDFC, ICICI, Yes Bank see limited West Asia war impact, to stay vigilant

Banks report no immediate asset quality stress from West Asia tensions but warn of possible near-term impact, especially on SMEs and macro indicators, as uncertainty persists

Banking sector resilient; 11-13% credit growth for Jan-June likely: Survey

In contrast, industrial credit growth is expected to expand at a more measured pace, reflecting a gradual recovery rather than a sharp acceleration

Indian banks' credit portfolio resilient amid West Asia conflict: CRISIL

Domestic lenders likely to see GNPAs at 2-2.2% in FY27, with MSME segment facing some pressure while corporate and retail portfolios remain stable

Credit growth outpaces deposit mobilisation in FY26 despite easing

Bank credit growth continued to exceed deposit mobilisation in FY26, highlighting persistent funding pressures for lenders despite a year-on-year improvement in both metrics

HDFC Bank's governance, financial metrics hold well: InGovern Research

InGovern says HDFC Bank's governance and financial metrics remain strong despite Atanu Chakraborty's exit, with RBI also ruling out any material concerns

Banking liquidity surplus stays over ₹5 trillion for fifth straight day

Surplus liquidity in the banking system remained above Rs 5 trillion for the fifth straight day, supported by government spending and bond redemptions

Bank borrowings to dominate NBFC funding mix in FY27: CRISIL Ratings

Share of bank loans in NBFC borrowings is expected to rise further in FY27 as bond yields stay elevated and external commercial borrowings remain muted amid volatility