Page 13 - Banking

Gold loan portfolio to surpass ₹1.5 trillion by FY27 end: Indian Bank MD

Currently, the gold loan portfolio is around ₹1.25 trillion, and the book should exceed ₹1.5 trillion during this financial year at the anticipated growth rate, he said

RBI swap window boosts deposits, but may trim bank NIMs by 3-15 bps

Banks have already mobilised $52.3 billion under RBI's concessional swap window, helping deposit growth and LDRs, but analysts expect NIM dilution of 3-15 basis points

India's credit footprint expands as new states emerge as growth centres

Credit growth is shifting from traditional strongholds such as Tamil Nadu and Maharashtra towards Uttar Pradesh, Bihar and Madhya Pradesh, but penetration still trails developed markets

Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and ‌state insurer Life Insurance Corp of India, is in its final stages

Citi, HSBC, StanChart adopt Ant International's AI tool for liquidity risks

Ant International, an ‌overseas affiliate of the Jack Ma-founded Chinese ‌fintech firm Ant Group, raised $1.2 billion last month in its latest equity fundraising as it seeks to expand.

RBI's VRRR auctions draw ₹1.91 trn bids; ₹1.5 trn auction on Friday

Strong bank demand at RBI's VRRR auctions highlights surplus liquidity in the system, as the central bank seeks to keep overnight rates aligned with its 5.25% repo rate

HDFC Bank taps dollar bond market again, eyes $1 bn overseas debt raise

India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising

RBI's swap window: Indian lenders' bond rush nets over $3 bn in 10 days

So far in 2026, Indian lenders have raised a record of over $10 billion through US dollar bonds, with more issuances expected as the RBI's concessional swap window remains open

RBI's August 31 deadline nears: Private banks step up FCNR(B) push

Banks are raising interest rates, using website countdown timers, fast-tracking deposit commitments and tapping overseas bond markets as the RBI deadline approaches

FM asks PSBs to target youth with simple, personalised 24x7 banking service

Finance Minister Nirmala Sitharaman on Tuesday asked public sector banks to keep pace with youth's expectations of simple, intuitive, personalised and round-the-clock banking.

Yes Bank makes bond market comeback after 2020 AT1 debt write-off

The bank plans to sell a benchmark-sized three-year US currency note and is holding calls with fixed-income investors starting Monday

Axis Bank raises FCNR(B) rate to 6.4%, highest among large banks

The lender raised the rate on FCNR(B) deposits above $1 million for a three-to-five-year tenor as banks step up mobilisation after the RBI shortened its swap window

Targeted flows, not swap cost, drove early FCNR (B) closure: SBI Research

The cost of FCNR (B) swaps is unlikely to have been a constraining factor for the Reserve Bank of India's (RBI) decision to close the special swap facility ahead of schedule, according to a report.

Paramotor Digital partners with NSDL Payments Bank to issue prepaid cards

The partnership will support Paramotor's consumer spend management, digital gifting and rewards and loyalty platforms, including SpendPro, Yayyy.shop and RewardOn

Govt to soon constitute panel on 'Banking for Viksit Bharat': Sitharaman

In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth

At 15.4%, bank deposit growth highest since December 2016: RBI data

The current account deficit widened to $6.2 billion in June from a $1.2 billion surplus in June 2025, as the merchandise trade deficit increased to $30.2 billion from $19.2 billion

RBI slaps penalty on IndusInd Bank, three NBFCs for regulatory lapses

The RBI imposed a Rs 59.20 lakh penalty on IndusInd Bank and also penalised Fusion Finance, Northern Arc Capital and Muthoot MCred for regulatory lapses

Banks seek more from ATMs as non-cash services remain largely unused

ATMs offer fund transfers, bill payments and several other services beyond cash, but low awareness and the rise of mobile banking have left much of this capacity underused

India sees sharp expansion in retail, MSME credit access since 2021

Retail bureau coverage rose 1.7 times to 78.9 crore borrowers by 2026, while active MSME borrowers more than doubled to 1.9 crore over the five-year period

ICICI Bank joins Indian banks chasing dollar loans as demand swells

The nation's second-largest private lender first signed a loan agreement with Bank of America Corp. for about $1 billion