Page 11 - Banking

SBI cautions customers ahead of September 11 nationwide bank strike

SBI has advised customers to complete important transactions before September 11 and use ATMs, customer service points and digital banking channels during the strike

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

IDBI Bank shares fall 10.6% as Fairfax deal price weighs on investors

IDBI Bank shares close at Rs 81.12 as investors focus on the reported Fairfax offer of around Rs 81 per share for a controlling stake in the lender

S&P assigns 'BBB' rating to BoI on sufficient capitalisation, solid funding

The US-based agency said the ratings reflect the likelihood of extraordinary support for the state-run bank from the government, if needed

Bank of America works on Zelle-UPI bridge for cross-border payments

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

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

SBM Bank India eyes 26% stake sale to fund expansion, growth plans

The bank, with a limited branch presence in the country, aims for credit growth of 32-35 per cent in FY27

RBL Bank board approves $1 billion EMTN programme to raise overseas debt

The private lender may issue foreign-currency bonds, notes or other permitted debt securities through one or more transactions, depending on market conditions

HDFC Bank woes put spotlight on leadership continuity, top-tier handovers

The woes at HDFC Bank have put the spotlight back on leadership continuity and how lenders oversee top-tier handovers, reports Raghu Mohan

Indian Bank to open representative office in Dubai to expand foreign ops

Currently, the bank has a full-service international branch in Singapore and branches in Colombo and Jaffna (Sri Lanka)

Difficult phase for microfinance behind us, Q2 to see growth: IndusInd MD

IndusInd Bank faced a severe governance and accounting crisis in 2025 centred around its microfinance subsidiary, Bharat Financial Inclusion Ltd (BFIL)

SBI to hire 12,000 personnel, add 250 new branches during FY27: Chairman

SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26

Banks expect up to 50 bps reduction in funding costs on liquidity surge

Robust FCNR(B) inflows are reducing banks' reliance on higher-cost certificates of deposit, while supporting credit expansion and improving liquidity coverage ratios

ARCs turn to AI, analytics as retail recovery business gains scale

Arcil and other asset reconstruction companies are exploring AI across compliance, collections and recovery analytics as larger retail portfolios increase data volumes and operational complexity

Microfinance recovery to help SFB gross NPAs decline in FY27: Crisil

Improvement will be driven by a recovery in microfinance credit performance and a rising contribution from non-microfinance loans, where asset quality is expected to remain stable

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

CEO's refusal to overhaul fueled surprise HDFC Bank leadership shakeup

Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said

ICICI Bank mobilises $17.88 billion via FCNR (B) under RBI swap facility

The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility

GIFT-IFSC banks sanction $54 billion under RBI's FCNR(B) swap facility

Twenty international banking units sanctioned $54.02 billion and disbursed $52.82 billion under the facility by August-end, according to IFSCA data

JCR upgrades India's sovereign rating to A-, flags high govt debt

Japan Credit Rating Agency cites solid economic growth, policy measures and a stronger financial system, but says elevated debt and fiscal deficits remain structural constraints