Page 18 - Banking

PNB to allocate 20% of FY26 spend to boost IT, digital infra: CEO Chandra

Last financial year, almost 62-63 per cent of the capital expenditure and 19 to 20 per cent of the revenue expenditure went towards IT and digital infrastructure

Domestic savings challenge may constrain banks' private sector funding: S&P

Banks are likely to rely more on wholesale domestic and international debt for funding as deposits come under pressure, the rating agency said in a statement

Banks like SBI well versed to handle acquisition financing: C S Setty

It is worth noting that the Reserve Bank had announced a decision to allow banks to engage in acquisition financing, following a public request made by Setty itself a few weeks ago

Results preview: Bank profits to see sharp dent in Q2 on margin pressure

Credit costs may also weigh on margins, given the stress in the unsecured loan book, bankers said

Reserve Bank of India proposes lower capital requirements for banks

RBI's draft norms propose revised risk weights across corporate, MSME, real estate, and retail exposures, aiming to reduce banks' capital requirements from FY28

Bank holiday today: Are banks open or shut for Valmiki Jayanti? Know more

Bank Holiday: Banks in several cities like Bengaluru, Chandigarh, Bhubneshwar, and Shimla are shut today, Oct 7, on account of Maharshi Valmiki Jayanti/Kumar Purnima

Gross NPAs of banks likely to be 2.3-2.5% by March 2026, says Crisil

While corporate credit remains stable, CRISIL warns that MSME and unsecured retail segments could see mild stress amid export slowdown and loan seasoning

Private sector banks see dip in market cap in Jul-Sep: S&P Global

Private sector lenders lost market cap in July-September 2025, dragged by trade tensions and tariff shocks, while PSU banks recorded double-digit gains

Banks move to continuous cheque clearing, funds in hours from October 4

From October 4, cheques will be cleared on a near real-time basis under a new continuous clearing system, replacing the batch process and speeding up fund access

Indian banks' business correspondent channel set for major overhaul

The rejig of the world's largest field channel of agents is to be based on the findings of a study conducted by the National Institute of Bank Management under the auspices of the central bank

UPI races ahead, accounts for 84% of total digital payments in FY25

The UPI digital payment system has been fast replacing cash as a preferred mode of payment, and has now taken the lead in overall digital payments

Rural centres emerge as new frontier for banks' ATM expansion drive

According to industry experts, maintaining ATMs for banks has become an expensive task in urban cities as most ATMs remain idle with people using less cash amid rise in UPI transactions

PSBs continue to grab higher share in incremental credit growth: RBI

Bankers said the increase in market share in the last 18 months is the outcome of a combination of factors like changes in macro environment

RBI to ease risk weights for NBFC infra loans, cut financing costs

It has been proposed to introduce a principle-based framework for assigning risk weights to infrastructure loans given by these entities

RBI signals openness for licences for new urban cooperative banks

RBI to issue a discussion paper on licensing new UCBs, citing stronger financial performance, better compliance and demand from stakeholders for wider financial inclusion

RBI allows Indian lenders to fund acquisitions of Indian corporates

RBI permits banks to finance mergers and acquisitions of Indian corporates, expanding capital market lending opportunities but raising concerns over leverage and ALM risks

RBI eases rules by dropping overlap curbs on banks, group entities

RBI has removed proposed restrictions on business overlaps between banks and their group entities, giving operational freedom and boosting major lenders with NBFC arms

RBI unveils incentive scheme to cut unclaimed bank deposits stock

The RBI had earlier launched a dedicated portal called 'UDGAM' to enhance accessibility and simplify the search process for unclaimed deposits

NaBFID eyes partial credit enhancement for bonds worth ₹15,000 cr in H2FY26

These projects are likely to be predominantly from the renewable energy and roads sectors, according to a top NaBFID executive

Bank holidays from Sept 29 to Oct 5, 2025: Check complete list of closures

Bank Holiday: The RBI states that regional and national holidays, such as Gandhi Jayanti, Dussehra, Maha Ashtami, and Maha Saptami, will impact banking services from September 29 to October 5, 2025