Page 20 - Banking

MF funding to NBFCs hits record Rs 2.77 trillion in May 2025: CareEdge

Mutual fund exposure to NBFCs rose 32.5% YoY to record Rs 2.77 trillion in May 2025, driven by CPs and corporate debt, while bank credit to NBFCs fell 0.3%

Banks to book treasury gains in Q1FY26 on yield fall, OMO support

Bond yield drop and ₹2.5 trillion RBI OMOs to lift treasury income in Q1FY26 but weak credit growth may weigh on net profits, especially for PSU banks

Karnataka Bank shares recover after CEO, ED resign; bank reassures clients

In May, the bank's statutory auditors had flagged certain expenditure incurred by the whole-time directors without taking the board into confidence

Banking system may face near-term margin pressures, says RBI report

Lower NIMs, slow credit growth, and high-cost deposits likely to add to its woes

SBI plans to solarise 4 million homes by FY27, marks 70 years of service

As it celebrates 70 years, SBI commits to solarising 4 million homes by FY27, scaling rooftop projects, modernising ATMs, and advancing AI-driven customer solutions

Bank GNPAs fall to multi-decade low of 2.3% in March, may rise by FY27: RBI

It can be noted that dud assets have been one of the most challenging part for the banking system for a large part of the latter part of the previous decade

Bank credit growth slows to 4.9% during fortnight ended May 30: RBI

The RBI has released the data on sectoral deployment of bank credit for May 2025 collected from 41 select scheduled commercial banks

Credit growth may remain subdued despite 100 bps policy repo rate cut

Banks await reduction in CRR, and festival season loan demand

Rupam Roy elected general secy of All-India State Bank Officers' Federation

Several important resolutions were adopted to strengthen the Federation's role in protecting the interests of its members in general and the society at large

Ketan Kumar Joshi named J&K Bank CFO for 3-year term, replaces Fayaz Ganai

The Bank notified the appointment to the stock exchanges in accordance with Sebi Regulations

Finmin asks PSBs to monetise subsidiary stakes via listing on bourses

There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term

FM Nirmala Sitharaman nudges public sector banks to push credit growth

After slipping to 12% in FY25, loans growth has fallen below 10%

Finance Minister urges PSU banks to boost credit growth, maintain profits

During a meeting to review financial performance of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said

Govt urges state-run banks to boost lending amid economic growth push

Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman

MSME credit top Rs 40 trillion as of March 2025, grows 20% annually

The increase has been primarily driven by strengthened priority sector lending (PSL) norms, targeted government initiatives, and increased digitalisation

BCs seek meeting with finance ministry to break deadlock over remuneration

Industry representatives for business correspondents point out that there is pressure from banks to raise deposits, despite the fact that the BC channel has already overtaken branches in doing so

CBI busts 850,000 mule accounts in 700 bank branches across five states

Nine individuals have been arrested so far, including middlemen, account holders, and bank correspondents, for their alleged involvement in the creation and operation of the mule accounts

Share of public sector banks in CD issuances rises to 69% in 2024: RBI

Public sector banks accounted for 69 per cent of CD issuances by Dec 2024, up from 6 per cent in 2022, with Q4 FY25 issuance reaching an all-time high of Rs 3.7 trillion

Banks need to further improve their customer service: DFS secretary

The bank launched cash flow-based digital lending products designed specifically for MSME customers, strengthening its support for the country's small businesses

PSBs' loan growth to outpace private banks in FY26: Fitch Ratings

PSBs' loans grew by 12.4 per cent while private peers lagged with 7.5 per cent in FY25