Page 18 - Banking

611 million UPI transactions authenticated using biometrics in June

More than 611 million UPI transactions worth Rs 25,416 crore were authenticated using biometrics in June, reflecting rising adoption of fingerprint and facial recognition

RBI clears Mahesh Muralidhar Pai's appointment as South Indian Bank MD, CEO

Mahesh Muralidhar Pai will take charge as managing director and CEO from October 1 for a three-year term, subject to board and shareholder approvals

Credit card penetration lags in India despite better asset quality: Cibil

India has 52 million people having credit cards, which is just 25 per cent of the overall credit active population of about 250 million people, said a top official at Transunion Cibil

SBI seeks priority sector status for all infra loans to boost investment

State Bank of India has proposed granting priority sector status to all infrastructure loans or excluding them from ANBC calculations to encourage higher infrastructure investment

Bank of Maharashtra reports 27% loan growth, 13% deposit growth

Domestic corporate loans expanded 21 per cent YoY to Rs 1.11 trillion

NBFCs drive securitisation issuances to record first-quarter high: Crisil

NBFCs accounted for over 98% of securitisation issuances in April-June 2026, with gold loans emerging as the largest asset class amid robust investor demand and healthy retail credit growth

Indian banks curb short-term debt sales as RBI aids cheaper forex funding

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI

Axis Bank leads large private banks in loan, deposit growth in Q1FY27

Axis Bank posted the strongest growth in loans and deposits among large private banks in Q1FY27, while HDFC Bank and Kotak Mahindra Bank also reported healthy balance-sheet expansion

SBI to hire 1,500 probationary officers this year to drive business growth

Of the total, 1,446 are regular vacancies, and the remaining 54 are backlog vacancies, SBI said in a recruitment notice

PSU banks' loan growth outpaces deposits in first quarter of FY27

Retail loans remained the key growth engine even as low-cost CASA deposits stayed under pressure

HDFC Bank's advances rise 15.4% YoY, deposits grow 14.7% in Q1FY27

India's largest private lender reports gross advances of Rs 30.61 trillion and deposits of Rs 31.71 trillion at June-end, while CASA deposits decline sequentially

IndusInd Bank loan book grew in Q1, a first since accounting lapse

Public sector lenders Union Bank of India, Central Bank of India and Canara Bank posted double-digit growth in advances in April-June of FY27

9 former Axis Bank execs take top leadership roles across financial sector

Axis Bank has emerged as a major leadership talent pool for India's financial sector, with former executives taking top roles across banks, NBFCs and financial institutions

Rajiv Kumar's biggest task: Restoring investor confidence in HDFC Bank

HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation

1st in nearly a decade: ICICI Bank plans to raise $500 mn via dollar bonds

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing

Banks strengthen deposit base as credit growth outpaces liabilities

Crisil says banks continue to prioritise CASA mobilisation as credit growth outpaces deposits and competition for retail funds keeps funding costs under pressure

ToneTag unveils AI banking assistant for millions of small merchants

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

ICICI Bank plans first dollar bond sale in 9 years under RBI swap window

The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter

Visa passkeys go live in India as IDFC First Bank becomes first issuer

Visa Payment Passkey allows cardholders to authenticate online transactions using biometrics, PINs, passwords or patterns instead of traditional one-time passwords

Banks bet on Gulf, Singapore and Hong Kong to drive FCNR (B) flows

Banks expect the RBI's FCNR(B) deposit scheme to attract major inflows from the Gulf, Singapore and Hong Kong, with mobilisation expected to accelerate in August