Page 16 - Banking

Geopolitical risks may keep credit-deposit gap elevated: SBI report

SBI Economic Research says prolonged geopolitical tensions and supply shocks could keep credit growth ahead of deposits, though FCNR(B) inflows may improve deposit mobilisation

Retail loan growth improves in Q1, corporate demand stays firm: Equirus

Retail loan disbursements strengthened across banks in Q1 FY27, while corporate credit demand remained firm, driven by working capital needs, refinancing and a shift from bond markets

Banks pare FCNR (B) inflow expectations amid leverage and tax hurdles

Banks expect strong NRI interest in RBI's FCNR(B) scheme but say leverage limits, overseas regulations and tax issues could curb fund mobilisation

Private banks see corporate loan demand rising as bond funding gets costly

Leading private lenders expect lending momentum to continue after strong June-quarter growth, with companies increasingly opting for bank loans over costlier bond market borrowings

ICICI Bank's Q1FY27 standalone profit rises 15.9% to Rs 14,804 cr

Net interest income grows 12.7 per cent, provisions fall 31 per cent and gross NPAs improve as advances rise nearly 20 per cent year-on-year

YES Bank Q1FY27 profit jumps 34% to Rs 1,071 crore on healthy loan growth

Net interest income rises 18 per cent, advances grow 18.3 per cent and gross NPAs fall to 1.3 per cent as the lender reports broad-based business momentum

Insurers deepen AI adoption to improve underwriting, customer service

Life and general insurers are expanding AI deployment across underwriting, claims, fraud detection and customer service to improve efficiency, productivity and turnaround times

RBI imposes penalties on Muthoot Finance, others for compliance violations

The central bank imposed penalties ranging from Rs 2.7 lakh to Rs 6.2 lakh on six companies, including Muthoot Finance, for violating regulatory norms

Q1FY27 securitisation issuances hold steady at ₹600 bn, up over 20% Y-o-Y

Strong first-quarter volumes suggest the market is moving beyond cyclical expansion towards a deeper and more resilient funding ecosystem

Forex agents' industry body seeks Fema clarity on forex correspondent model

Money changers say ambiguity over the principal-agent framework, liability and compliance could delay the rollout of the new forex correspondent category

RBI's forex deposit measures raise hopes of margin recovery for banks

RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings

RBI's Financial Inclusion Index rises to 70 in FY26 on higher usage

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

Foreign banks step up leverage to attract FCNR(B) deposits from NRIs

Some foreign banks are offering leverage of up to 19 times FCNR(B) deposits to attract NRI funds as lenders intensify mobilisation efforts under the RBI's special scheme

Banks cannot sell back recovered immovable properties to borrowers

RBI bars banks from selling recovered properties back to borrowers, introduces norms for handling acquired non-financial asset

PNB partners Digital India BHASHINI to offer multilingual AI banking

Punjab National Bank will integrate BHASHINI's multilingual AI capabilities into its digital platform, enabling customers to access banking services through voice and text in multiple Indian languages

Banks courting corporate clients for merger and acquisition financing

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

Banks alone can't fund Viksit Bharat; bond market must step up: Crisil

Crisil says India's debt capital market must deepen to support the Viksit Bharat vision, with India Inc expected to require Rs 130-140 trillion in debt funding over FY27-31

HDFC Bank gets RBI nod for former CEC Rajiv Kumar as part-time chair

Former Chief Election Commissioner Rajiv Kumar will serve as HDFC Bank's part-time chairman for three years after receiving the Reserve Bank of India's approval

RBI approves appointment of Rajiv Kumar as part-time chairman of HDFC Bank

RBI has approved former Chief Election Commissioner and ex-Finance Secretary Rajiv Kumar as HDFC Bank's part-time chairman for a three-year term

Govt receives revised financial bids for IDBI Bank stake sale: Report

The government has received revised financial bids from Fairfax Financial and Emirates NBD for the strategic sale of a 60.72% stake in IDBI Bank