Page 2 - Banking

SAT rejects appeal of IndusInd's ex-deputy CEO to access probe records

Tribunal says IndusInd Bank's former deputy CEO Arun Khurana has already received documents relied upon by Sebi and cannot seek access to the entire dataset at this stage

Microfinance portfolio drops 7.3% to ₹3.14 trillion in Q3, says MFIN

Microfinance loan portfolio fell to Rs 3.14 trillion in Q3 FY26, down 7.3% sequentially, with 50 lakh borrowers losing access to formal finance even as portfolio quality showed improvement

Bihar MFI bill may disrupt operations, delay recoveries, say analysts

Analysts warn Bihar's proposed microfinance regulation could disrupt lending operations, weaken borrower credit discipline, and delay recoveries for NBFC-MFIs, banks and small finance banks

Bank CD ratio stays at record 82.5% as credit growth outpaces deposits

India's credit-deposit ratio remained at a record 82.5% for the fourth consecutive fortnight ended February 15, 2026, as credit growth continued to outpace deposit growth across the banking system

NBFC-MFIs diversify beyond microfinance into LAP and housing loans

NBFC-MFIs are expanding into MSME loans, LAP and affordable housing finance as political developments, regulatory changes and sector stress push lenders to diversify beyond microfinance

Foreign banks find India growth story comes with strict entry conditions

While India offers one of the most compelling growth opportunities in coming decades, overseas bidders in the financial sector face tight voting caps, onerous processes and long payback timelines

SWIFT: Global banks to roll out new norms to speed up cross-border payments

SBI, HDFC Bank, ICICI Bank, and Axis Bank are the Indian banks who have supported the new framework

RBI's CMI norms set to impact private banks more due to higher exposure

A ban on bank funding for proprietary trading, stricter collateral rules and higher haircuts are expected to hurt pvt banks' exposure and fee income, while shifting brokers toward CP, NBFC borrowing

Fino PB sees no uncertainty over SFB nod from RBI after CEO's arrest

Bank's transition into SFB on track; no financial impact so far from the events that have unfolded

Haryana govt employee arrested in ₹590 crore IDFC First Bank fraud case

A Special Investigation Team (SIT) has been constituted under the supervision of senior IPS officer Ganga Ram Punia to probe the case

DGGI probe into banned online gaming leads to Fino Bank arrest: Sources

Finance Ministry sources say probe has flagged GST evasion, shell entities and payment aggregators in alleged banned online gaming operations, leading to arrest of a senior bank official

Fino Payments Bank backs its MD after GST arrest; FM says she will check

Fino Payments Bank says its MD Rishi Gupta and the bank had no role in alleged GST violations linked to programme managers; Finance Minister Nirmala Sitharaman says she will review the issue

Gold loan share in bank retail credit doubles to 6% in a year: RBI data

Additionally, the share of gold loans in overall retail loans of banks has now doubled to 6 per cent (January 2026), from 3 per cent as of January 2025

New loans sourced in Q3FY26 rose 36% Y-o-Y to ₹20 trillion

Experian report shows strong rebound in secured lending, while unsecured loans recover from last year's decline; average ticket sizes rise across segments

IBA to set up committee to review BC payouts, fixed remuneration on cards

Move follows NFIS 2025-30 observations and RBI survey findings flagging inadequate and delayed remuneration as key reasons for inactivity among Business Correspondents

Gold loans drive 42% surge in secured lending in Q3FY26: Experian

Experian data shows secured loans growing 42% in Q3FY26, led by strong demand for gold loans, even as unsecured lending rebounded and home loans maintained steady momentum

Bank holidays in March 2026: Full list of March 2026 closures across states

As per the RBI holiday calendar, banks in India will observe a number of public and regional holidays in March 2026. These holidays differ from state to state and are not consistent nationwide

Yes Bank's 5K forex card customers hit with $280K fraudulent transactions

Around 5,000 Yes Bank forex card customers were hit by fraudulent transactions totalling $280,000, with the bank blocking several attempts and initiating chargebacks to prevent financial loss

Credit card spends dip slightly in January; issuances rise to 116.6 mn

Credit card spending eased to Rs 2 trillion in January after festive highs, though outstanding cards rose to 116.65 million as issuers recalibrated amid tighter norms and shifting customer profiles

IDFC First Bank fraud case: FIR registered, Haryana ACB begins probe

On Sunday, the IDFC First Bank disclosed a Rs 590-crore fraud committed by its employees and others in accounts held by the Haryana government