Page 24 - Banking

Co-op bank call market activity rebounds after RBI platform directive

Co-operative bank participation in the call money market has rebounded after a drop following RBI's mandate for NDS-CALL platform membership, says RBI report

Flows into NRI deposits moderate to $1.9 billion in April-May 2025

NRI deposit inflows fell to $1.9 billion in April-May 2025 from $2.8 billion a year earlier, with declines across FCNR, NRE and NRO categories, RBI data showed

RBI cancels licence of Karwar Urban Co-op Bank over inadequate capital

The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, the RBI said in a statement

Credit Card in force stays flat in June; ICICI, Axis Bank cards decline

Credit card issuances remain flat in June 2025, with ICICI Bank and Axis Bank showing declines in card numbers, while overall spending drops sequentially

Top banks' fresh hiring slowed in FY25 amid moderation in business growth

Hiring by India's major commercial banks, including HDFC Bank, SBI, and Axis Bank, has declined significantly in FY25 due to slower growth, reduced branch expansion, and improved attrition rates

Post QIP, SBI's CET1 capital rises to 11.5%; LIC invests ₹5,000 crore

SBI's recent QIP was oversubscribed 4.5 times, raising Rs 25,000 crore and boosting CET1 capital to 11.5%. LIC invested Rs 5,000 crore, increasing its stake in SBI to 9.49%

IDBI Bank Q1 net profit surges 17% to ₹2,007 crore on rise in other income

Its net interest income (NII) too declined two per cent to ₹3,166 crore in Q1 FY26, compared to ₹3,233 crore in the same quarter a year ago, IDBI Bank said in a statement

Not mandatory for customers to opt for digital banking: RBI draft norms

Further, the norms stated that banks should obtain consent from customers for providing digital banking services

IDBI Bank Q1FY26 results: Net profit rises 16.75% to ₹2,007 crore

Operating profit increased by 13% in Q1FY26 to ₹2,354 crore as against ₹2,076 crore in Q1FY25

Retail loan growth sluggish for private banks in Q1, festive demand eyed

Five private-sector lenders, including the top three, reported single-digit growth in their retail loan books, dragging down overall loan growth during the quarter

HDFC Bank's loan growth will continue to improve going forward: CEO

Margins may fluctuate on a quarterly basis, but will stabilise over time, he said

IBA urges banks to speed up ISO 20022 shift to avoid payment issues

BA Chief Executive Atul Kumar Goel said it is essential for lenders to begin migration by August 2025 to ensure sufficient buffer time for monitoring ISO 20222 transaction volumes

After record issuances in FY25, infrastructure bonds lose their sheen

Infrastructure bonds, which were popular in FY25, have lost their appeal in FY26 as banks face stronger deposit growth and moderated credit demand, with issuances expected to be much lower this year

Axis Bank's Arjun Chowdhury resigns; Gambhir elevated to executive director

Axis Bank's senior leadership has seen churn lately. In June last year, Sumit Bali, group executive overseeing retail ­lend­­­ing quit and joined Yes Bank

UCB directors must probe management to boost governance: RBI's Swaminathan

RBI advises UCB directors to ask tough questions to senior management to ensure ethical, transparent, and prudent operations, aiming to prevent distress in the banks

Private sector bank chiefs take home hefty compensation cheques in FY25

Public sector banks' chiefs trail far behind, with the chairman of SBI, India's largest lender, earning a fraction of what private sector banks' chief executives make

India's retail asset-backed securities market shows potential for growth

The retail asset securitisation market is poised for moderate growth in FY26, as indicated by the volumes of ₹52,000 crore in Q1FY26 and a notable shift towards PTC issuances

HDFC, Axis Bank see sharp drop in attrition in FY25 amid training push

Attrition at HDFC Bank and Axis Bank declined in FY25 due to stronger employee engagement, women-focused retention efforts, and new learning and mentoring programmes

Bank of Maharashtra Q1 FY26 results: Profit rises 23% to ₹1,593 crore

The Pune-based lender had posted a net profit of ₹1,293 crore in the April-June period of the previous year

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

HDFC Ltd merged into HDFC Bank on July 1, 2023, creating a financial behemoth. The bank recalibrated its loan growth in FY25 to bring down the elevated credit-deposit (CD) ratio post-merger