Page 13 - Banking

Karnataka Bank Q1 profit falls 27% on higher provisions, capital up

Karnataka Bank Q1 profit fell 27% to Rs 292.40 crore on higher provisions, but asset quality improved and capital adequacy rose to 20.46%

Banks free to decide on minimum balance for savings accounts: RBI Guv

In a recent decision, private lender ICICI Bank increased the minimum balance requirement for those opening new savings accounts from August 1

Focused on maintaining low-cost funding profile, says ICICI chairman

ICICI Bank will continue to prioritise a stable, granular, and low-cost funding profile alongside governance, digital growth, and customer-centric strategies for sustainable progress

ED files supplementary prosecution complaint in Amtek Auto bank fraud case

ED files supplementary complaint naming 56 accused in Amtek Auto fraud involving loan diversion, stock manipulation, and asset concealment, with Rs 6,261 crore attached

Civil society protests ICICI Bank's savings account minimum balance hike

The bank has raised the minimum balance requirement for new savings accounts opened on or after August 1 by five times to Rs 50,000

ICICI Bank faces netizen ire for raising min balance requirement to ₹50,000

ICICI Bank's decision to raise the minimum monthly average balance (MAB) for new savings accounts to ₹50,000 in metro and urban areas has drawn significant backlash on social media, with users citing

RBI proposes standardised forms for claim settlement of deceased customers

For the settlement of such claims, a bank, based on its risk management systems, should fix a threshold limit, subject to a minimum of ₹15 lakh

ICICI Bank hikes minimum account balance for urban areas to ₹50,000

The minimum balance for semi-urban regions has been increased to ₹25,000 and for rural branches has been increased to ₹10,000 from ₹5,000

SBI Q1 results: Net profit rises 12.5% to ₹19,160 crore on treasury gains

SBI Q1 net rises to ₹19,160 crore aided by treasury gains; net interest margins may improve by March 2026 even as NII and CASA ratio face near-term pressure

RBI's 100-bp repo cut in repo rate leads to 71 bps cut in fresh rupee loans

Banks have started passing on the 100-basis point repo rate cut by the Reserve Bank of India over the past three policy meetings

RBI to conduct two VRRR auctions to absorb ₹3 trillion from system

RBI will hold two VRRR auctions on Friday with six-day and three-day tenures to absorb excess liquidity from the banking system, which has a surplus of Rs 4 trillion

RBI mandates 10% loan retention for banks, NBFCs under co-lending deals

Effective January 1, RBI requires regulated entities in co-lending to retain 10% of each loan on books, cap default loss guarantee at 5%, and align asset classification between partners

RBI panel proposes shift to 7-day flexible funding window for banks

The panel has invited comments on the proposals by Aug. 29

Big NBFCs raise billions as credit boom brews, RBI watches with interest

Flush with parent backing and top credit ratings, India's largest NBFCs are raising record sums without chasing bank licences, as they prepare for a fresh wave of private sector credit demand

Renewal of life insurers' policies, after 1 year, declines in June quarter

Persistency is the proportion of life insurance business renewed from the business underwritten. The ratio is measured in terms of number of policies and premiums underwritten

Focus GenNext: State Bank of India looks to reboot its HR strategy

SBI plans to engage a management consultant to develop a long-term HR strategy focusing on employee engagement, talent acquisition, and digital transformation

15 more banks to adopt RBI's MuleHunter fraud detection tool by October

Usually, there are multiple layers of such accounts from where funds are transferred within a short time to ensure that no clawing back of the funds to the rightful owner is possible

Trump's tariff clouds cast a spreading gloom over export-focused MSME mood

The downward sentiment comes despite the Composite MSME Business Confidence Index (M-BCI) indicating a favourable business environment for MSMEs

Key amendments to banking laws come into force from August 1, 2025

Reforms under the 2025 banking law include governance changes, enhanced audit rules and stronger depositor protection for PSBs, cooperative and private banks

Retail mortgage loans by NBFCs, HFCs seen at ₹20 trn by FY28: ICRA

Retail mortgage lending by NBFCs and HFCs to grow at up to 22 per cent CAGR through FY28, led by demand and limited unsecured credit availability, says ICRA