Page 22 - Banking

Indian banks look to foreign funding to tap RBI's new capital inflow push

The lenders sought clarity from the Reserve Bank of India if they can use a portion of deposits collected from non-resident Indians as collateral

Axis Bank matches peers with 6% FCNR(B) rate under RBI's spl deposit scheme

Axis Bank has increased FCNR(B) deposit rates by up to 305 basis points, joining several lenders seeking to attract foreign currency inflows under the RBI's special swap facility

Dollar draw: Domestic banks raise their FCNR (B) deposit rates sharply

Major lenders have increased FCNR(B) deposit rates after the RBI offered to absorb hedging costs, a move aimed at attracting foreign currency inflows from NRIs

Lower bad loans offer respite amid economic uncertainty, shows report

S&P Global Market Intelligence expects asset quality at major lenders to improve further, even as margins remain under pressure from changing interest-rate dynamics

RBI asks banks to assess AI risk gaps, draw action plan by June-end

RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end

HDFC Bank hikes lending rates by up to 10 bps across tenors from June 8

The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55 per cent from the earlier 8.45 per cent

Bank of India launches Mumbai hub for partnership-led financing businesses

The Strategic Business Branch will house co-lending, pool buyouts, TReDS and supply chain finance operations under one roof to improve efficiency and risk oversight

RBI's bulk deposit proposal paves way for risk-based pricing by banks

Draft framework would allow lenders to align deposit rates with liquidity costs under LCR norms, improving pricing efficiency and balance-sheet management

Over 580 mn Jan Dhan accounts bring crores of Indian into banking system: FM

The Jan Dhan scheme has ensured that benefits under welfare schemes, low-cost insurance, and pensions reach without leakages, the Finance Minister's office said

Bandhan Bank opens 8 new branches across 4 states, expands network to 1,984

The bank said four of the new branches were opened in Karnataka, two in Delhi, and one each in Uttar Pradesh and Haryana, as part of its expansion strategy

DFS asks banks for details on ATM cash crunch as shortages raise alarms

The government has sought urgent feedback from banks on reported ATM cash replenishment issues amid concerns over cash availability and service disruptions

Have enough currency stocks to replenish ATMs: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says the central bank has adequate currency stocks and will ensure prompt replenishment wherever ATMs face cash shortages

Proposal for polymer banknotes under consideration: RBI Governor Malhotra

RBI Governor says the central bank is assessing the merits and challenges of polymer banknotes even as cash usage and currency circulation continue to grow

RBI proposes revised deposit rate framework, tighter disclosure norms

RBI proposes new rules linking bulk deposit rates to liquidity norms and tighter disclosures, aiming to improve transparency in bank deposit pricing

MSME loan portfolio grows 12.8% Y-o-Y to Rs 46 trillion in April 2026

Outstanding MSME loans reached about Rs 46 trillion in April 2026, but portfolio growth and active loan additions slowed sharply as global uncertainty weighed on credit supply

ATM industry calls for cash-recycler interoperability as costs rise

ATM operators and manufacturers are urging banks to activate cash-recycler interoperability, saying it can improve efficiency and help reduce mounting cash logistics and operating costs

Differential deposit rates beyond RBI norms not acceptable: Sanjay Malhotra

RBI Governor Sanjay Malhotra says banks must remain transparent on deposit rates and cannot offer differential rates beyond categories permitted by the regulator

ATMs running out of cash, IBA alerted over service disruption risks

ATM loading may be hit, affecting DBT beneficiaries

BofA is hiring Avendus deal-maker Gupta for India role in post-Mizuho exit

Gupta, a managing director at Avendus, is set to join Bank of America after completing regulatory and contractual obligations

India's money-market turnover hits record as banks ramp up borrowing

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month