Page 2 - Banking

PSU banks waive ATM charges for customers during three-day bank strike

Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday

MFIs to seek higher household income threshold for microfinance borrowers

To widen borrower eligibility, the microfinance industry wants the household income threshold increased to Rs 300,000 per annum to adjust for inflation in the past five years since it was last hiked.

Credit card spends growth slows to 5.5% in August; SBI Cards share dips

Industry credit card spending growth eased to 5.5 per cent in August from 7.1 per cent in July, while SBI Cards' share of spends fell to 17.5 per cent.

Govt evaluating financial bids for strategic stake sale in IDBI Bank

In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank

FCNR(B) funds find a runway ahead of festival season-led credit demand

RBI Deputy Governor Rohit Jain said banks have an opportunity to deploy FCNR(B) liquidity in the coming months, while maintaining healthy credit standards

Trade bodies call for 'No UPI Day' on October 2 to protest MDR levy

Business associations plan a No UPI Day on October 2 to protest the 0.4 per cent merchant discount rate set to apply to UPI merchant payments above Rs 2,000 from October 15

Three-day PSU bank strike may dent life insurers' September sales by 10-15%

A three-day public sector bank strike at the end of September could reduce life insurers' business through the bancassurance channel by 10-15 per cent, industry officials say

PSBs to remain open on Sunday ahead of three-day nationwide bank strike

RBI has approved opening of all bank branches, offices, ATM-linked branches and currency chests on September 27 to prevent a potential five-day disruption

Financial sector has reinforced growth momentum: SBI Chairman C S Setty

SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of growth

Yes Bank mobilises $2 billion via FCNR(B) deposits under RBI swap window

Private sector lender is likely to use the funds to replace high-cost deposits and support incremental lending, with most raised in three- and five-year buckets

Merchant bankers must maintain 'Lakshman Rekha' with clients: SAT chief

Justice PS Dinesh Kumar says merchant bankers must maintain professional distance, conduct proper due diligence and advise clients within the framework of law

Banks to remain open on Sunday ahead of proposed 3-day strike from Sep 28

The UFBU, which claims to represent 90 per cent of the banking workforce, is set to go on a three-day strike beginning September 28, primarily seeking a 5-day banking week, among other demands

Bank unions to go ahead with 3-day strike despite govt, management appeals

Unions will strike from September 28 to 30 after talks failed to resolve their demand for a five-day banking week; an indefinite strike is planned from October 26

FCNR(B) deluge leaves banks flush, corporate loan rates set to soften

Deposit growth hits 15-year high as FCNR(B) mobilisation; incremental credit-deposit ratio softens to 62.6%

Govt urges bank unions to call off strike, flags half-year closing impact

The finance ministry warned that the September 28-30 strike, combined with the preceding weekend, could effectively disrupt banking services for five consecutive days

PSBs see rate repricing as margin reprieve amid RBI rate hike expectations

High exposure to repo-linked RAM loans could help public sector banks reprice assets faster than deposits if the RBI raises rates

FinMin to meet bankers ahead of three-day staff strike next week

The finance ministry will meet chiefs of PSBs, RRBs, IBA and Nabard to review contingency plans ahead of the three-day nationwide bank strike from September 28

RBI governance reset puts spotlight on bank chairs, independent directors

Starting October 1, 2026, onboarding of independent directors, their accountability and remuneration may need a relook as RBI seeks more focused board engagement on strategy, risk and governance

FinMin calls PSB, RRB chiefs' meet on Monday to ensure services amid strike

Bank unions under UFBU had gone on nationwide strike on September 11 over their demand

Indian Bank to explore partners for insurance, mutual fund businesses

Indian Bank aims to enter the insurance and asset management spaces through joint ventures within 1.5 to 2 years, while launching wealth management services in H2