Page 2 - Banking

This credit-growth cycle is very different, says Axis Bank MD & CEO

Axis Bank MD and CEO Amitabh Chaudhry says the current credit-growth cycle is more broad-based, with stronger bank capital, improved underwriting and better risk management

BFSI Summit 2026: 'Time to implement AI at scale, with clear objectives'

Private bank chiefs say AI adoption must move beyond pilots to large-scale implementation, with a focus on customer experience, productivity, data governance and cybersecurity

BFSI Insight Summit: Rate hike outlook, funding costs put banks on guard

Setty says SBI's house view is a 50-bp rate increase by December; Kotak flags $160-170 billion FCNR(B) repayment obligation

BFSI Insight Summit 2026: Universal banking is the goal, say SFB CEOs

SFB chiefs say financial inclusion remains incomplete amid ₹85 trillion in unmet credit demand, while a shift to universal banking could help expand services and ease deposit costs

BFSI Insight Summit 2026: 'Global cues to drive return of capital to India'

Foreign bankers say India's long-term investment prospects remain strong despite FPI outflows, but capital flows hinge on global conditions, valuations and higher FDI inflows

Tamilnad Mercantile Bank Q2 net profit rises 42% to record ₹451 crore

Tamilnad Mercantile Bank reported a record net profit of ₹451.14 crore in Q2 FY27, supported by higher interest income, improved asset quality and strong growth in advances and deposits.

IOB Q2 net profit jumps 56% to ₹1,963 crore as asset quality improves

Indian Overseas Bank reported a 26.4 per cent rise in net interest income to ₹3,867 crore in Q2 FY27, while gross NPAs fell and advances grew 24.35 per cent year-on-year.

Top bank chiefs urge shift from AI pilots to real-world use in banking

At the Business Standard BFSI Insight Summit 2026, bank chiefs from IndusInd Bank, RBL Bank and IDFC First Bank discussed how AI can transform lending, improve productivity and customer experience

Bankers hail RBI's FCNR(B) playbook as dollar inflows surge to $12.7 bn

At Business Standard's BFSI Summit, public sector bank chiefs discussed how RBI's swap support, leverage and overseas outreach helped mobilise FCNR(B) deposits, highlighting need for risk management

Bank holiday today: Are banks open or closed due to Valmiki Jayanti 2026?

Due to Valmiki Jayanti, bank branches in some states will be closed today as per the RBI's schedule for October 2026. Banks will stay closed for physical operations in different states

Emirates NBD branch merger to lift RBL Bank asset base by ₹11K cr: MD & CEO

RBL Bank expects ₹10,000-11,000 crore to be added to its balance sheet from the merger of three Emirates NBD branches and is targeting annual growth of at least 20%.

Future war could target economy: PM for stronger banking cybersecurity

The Prime Minister inaugurates the RBI's Rs 169 crore data centre and cybersecurity training institute in Bhubaneswar, stressing the need to safeguard India's banking system

Yes Bank yet to decide on AT-1 bond coupon, says it retains discretion

The lender is evaluating the Supreme Court judgment setting aside the Rs 8,415 crore AT-1 bond write-off and will communicate its decision on coupon payments in due course.

RBI's Bhubaneswar data centre to reduce downtime of critical services

The Rs 169 crore facility was inaugurated by Prime Minister Narendra Modi earlier in the day

PNB aims to bring cost-to-income ratio below 50% in FY26: MD Chandra

The bank's cost-to-income ratio stood at 50.38 per cent in the first half of the current fiscal year, down from 53.3 per cent in September 2025

NRI deposit inflows surge to $121.94 billion in April-August: RBI data

The sharp rise followed the RBI's introduction of a concessional foreign exchange swap facility in June to encourage banks to mobilise foreign currency deposits

NBFCs' dependence on bank borrowings rose in 2025: RBI October Bulletin

NBFCs saw stronger credit growth, led by retail and industry lending, while their reliance on bank funding increased following the restoration of earlier risk weights, says RBI Bulletin

Upper-layer NBFCs must list on stock exchanges: RBI Guv Sanjay Malhotra

His remarks come amid a debate over whether Tata Sons, the holding company of India's largest conglomerate Tata group, is required to go public

Bank of India Q2 profit rises 25% to ₹3,202 cr on strong NII, recoveries

Bank of India's net profit rose 25.3% to ₹3,202 crore in Q2 FY27, supported by higher net interest income and recoveries from written-off accounts despite rising provisions

Data centres, steel, nuclear power top private investment pipeline

An analysis of nearly 6,850 projects announced between April 2024 and September 2026 shows data centres attracting Rs 19.14 trillion, followed by steel and nuclear power