Page 24 - Banking

RBI withdraws IFR requirement for banks maintaining market risk capital

RBI eases IFR norms for banks under revised investment portfolio framework

Public sector banks start sending their employees back to West Asia

Had temporarily recalled officials handling treasury, wholesale, and corporate banking as war escalated

Bank valuations slump despite stronger corporate earnings growth

The valuation discount of banking stocks relative to the broader market has widened despite the sector remaining one of the key drivers of corporate earnings in the country in recent years

Gunveer Singh appointed RBI Executive Director with immediate effect

Prior to this, Singh was serving as Chief General Manager-in-Charge of Department of Payment and Settlement Systems of the central bank

Exim Bank eyes 10% jump in loan book in FY27 despite West Asia tensions

The FY27 loan growth number is lower than the 12 per cent growth it achieved in FY26, but currency fluctuation had a significant role in lifting the number

Bank of India hikes interest rates on select medium and long-term deposits

Bank of India has revised interest rates on select fixed deposits below ₹3 crore across medium and long-term tenures, with the revised rates taking effect from May 18

Real-time risk scores on cards for digital payments to track fraud

Move aims to track originators of money transfers via mule accounts

Emirates NBD gets approvals for majority stake acquisition in RBL Bank

Emirates NBD has secured all approvals for its proposed majority stake acquisition in RBL Bank, marking one of India's largest cross-border banking deals

Criminal breach of trust case against ex-Yes Bank CEO Rana Kapoor, others

The bank transferred a loan of Rs 150 crore to an asset reconstruction company without classifying it as a Non-Performing Asset, the complainant alleged

MSME GNPA ratio falls to 3.3% by Sep. 2026, but further decline unlikely

CareEdge said MSME asset quality improved significantly from FY20 levels, though global trade disruptions, rising costs and export-linked risks could weigh on future loan performance

India's second largest PSB, Bank of Baroda, aims to double size in 5 yrs

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally

PSBs' net profit up 11.2% in FY26, hits new high of ₹1.98 trillion

Public sector banks posted record profitability for the fourth straight year in FY26, aided by strong credit growth, improved asset quality, and better operational efficiency

RBI's 3-day VRR auction receives muted demand amid surplus liquidity

Banks bid far below the notified amount at the RBI's short-term repo auction as surplus liquidity reduced the need for additional funds

RBI cancels licence of Sarvodaya Co-operative Bank over weak finances

The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings

PSBs' net profit rises 11% to all-time high ₹1.98 lakh cr in FY26: FinMin

Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said

Indian banks resume gold, silver imports after month-long halt over 3% levy

The resumption is expected to boost the country's gold imports, widen ‌the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year

EXIM Bank plans to raise ₹99,500 cr funds in FY27 amid global volatility

The wholly state-owned EXIM Bank, which provides export financing and ‌backs loans granted by commercial lenders to buyers of Indian goods, expects to tap the domestic market for around ₹66,000 crore

NBFC-MFIs drive sharp rise in microfinance originations in Q4: Report

NBFC-MFIs led the growth in microfinance originations during Q4FY26, while higher average ticket sizes and continued lending to existing borrowers supported disbursement momentum

ATM cassette-swap rollout delayed again as banks go big on cash recyclers

Banks are deploying more cash recycling machines that allow deposits and withdrawals, reducing reliance on standalone ATMs and slowing the transition to cassette-swap cash loading systems

Indian banks well placed to transition to ECL provisioning: Fitch

The ratings agency expects the banking ‌system's average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28