Page 14 - Banking

SBI's dollar debt sale prompts Bank of Baroda to test waters: Bankers

The bank ​has offered a spread of 120 basis points above US Treasury for ​the three-year option and 130 bps on the five-year sale, the bankers added

SBI used AI to underwrite nearly ₹1 trillion MSME loans in FY26: Amara

The lender uses GST, account, bureau and other data in its AI-backed underwriting engine, while deploying the technology in fraud detection, customer care and cheque processing

Central Bank of India mobilises $250 million under FCNR (B) window: CEO

Central Bank of India has surpassed the $100 million target set for July, garnering $250 million

SBI uses AI to underwrite nearly ₹1 trillion in MSME loans in FY26

SBI is also using AI-based early warning signals to identify vulnerable exposures before delinquencies emerge, by analysing sector-specific, market and other publicly available information

AI's next banking frontier is rural India, small businesses: SBI Chairman

C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance

El Niño, below-normal rainfall could hit NBFCs' rural loan books

A weak monsoon and El Nino could hurt rural incomes and repayments, prompting major NBFCs to tighten portfolio monitoring and underwriting in vulnerable segments

PSBs target nearly $30 billion under RBI's concessional forex swap window

State-owned banks are targeting nearly $30 billion through foreign currency deposits and borrowings under the RBI's concessional swap window as inflows remain robust

Deterrence beyond a slap on the wrist: Reimagining financial penalties

Fines on Indian financial institutions are a pittance. The enforcement regime must be reimagined, reports Raghu Mohan

PNB to roll out wealth management services to boost non-interest income

The public sector lender is now planning to deploy another 1,300 CRMs and by end of this month

RBI has proactively helped UCBs, cooperatives should rethink approach: Shah

Shah said a lot of aspects have been resolved with the help of the RBI, and also welcomed the raising of limits on gold loans and permitting one-time settlements for UCBs

Private sector drives ₹26.75 trillion investment proposals in FY27

Domestic private companies accounted for 86 per cent of investment announcements between April 1 and August 5, while ITES led with Rs 14.98 trillion in proposed capex

Datanomics: Only 4% of UPI transactions to merchants may draw fee

Only about 4% of UPI merchant transactions may attract an MDR under the proposed law, while all person-to-person UPI payments will remain free

Insurance sector poised for growth, but profitability concerns persist: S&P

S&P Global Ratings says reforms and low insurance penetration support long-term growth, but underwriting pressures and weak profitability remain key risks for insurers

MUFG lifts RBI forex inflow forecast to $87 bn as FCNR(B) flows surge

Japanese lender MUFG has raised its estimate of inflows under the RBI's concessional forex measures to $87 billion, citing robust FCNR(B) deposit mobilisation

RBI plans to introduce polymer banknotes from FY28, says Malhotra

The Reserve Bank of India has begun the tendering process for polymer substrates and aims to introduce polymer banknotes from FY28, subject to successful field trials and operational assessment.

Indian Bank aims to more than double business to ₹35 trillion by 2032

The public sector lender plans to strengthen its presence in Delhi and Mumbai while relying on MSME growth and financial inclusion to achieve its long-term business target

Explained: Why RBI wants to restart UCB licensing after a two-decade pause

After a 20-year freeze, the RBI is preparing to issue new UCB licences as reforms, stronger oversight and improving financial health reshape the cooperative banking sector

Datanomics: Public sector banks lag in RBI penalty count, but lead in cost

RBI data shows a sharp divide among the categories of lenders in terms of penalties imposed

MDR on UPI may open Rs 5,000-10,000 crore revenue pool by FY28

Amendment to PSS Act is the first of several steps; rate, threshold and revenue-sharing formula still undecided

CD issuances plunge in July as mobilisation of FCNR(B) deposits spikes

Banks sharply cut certificate of deposit issuances in July as strong FCNR(B) inflows under the RBI's swap scheme eased liquidity pressures and lowered funding costs