Page 25 - Banking

Banks expect MSME credit spurt from ECLGS 5.0 amid war shadow on growth

Indian banks relied heavily on MSMEs to drive credit growth in FY26, and were bracing for stress in the segment in FY27 due to the West Asia situation

PNB hikes cyber spend as AI models like Anthropic Mythos raise risks

The country's ‌third largest state-run lender by market capitalisation has earmarked about 20 per cent of its technology budget for cybersecurity, or roughly ₹700 crore to ₹800 crore

RBI proposes to let lenders take control of collateral after default

RBI proposes draft norms allowing lenders to acquire collateral assets only after loans turn NPAs, aiming to improve recovery outcomes while ensuring transparency and prudence

Punjab & Sind Bank aims to cross total business milestone of ₹3 trn in FY27

The bank is expecting a credit growth of 16-18 per cent and deposit expansion of 13-14 per cent in the ongoing financial year

Public sector banks to scale up IT spend amid Anthropic Mythos cyber threat

Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns

Public-sector banks prepare to shore up capital before ECL shift

Move will also help lower govt shareholding

High-level panel to oversee banks' balance sheet constraints: DFS secy

Finance Minister Nirmala Sitharaman had proposed setting up a high-level committee on banking to comprehensively review the banking sector

Bank credit growth slows to 14.88% in first half of April: RBI data

Bank credit stood at ₹214 lakh crore in the fortnight ended April 15, as compared to ₹218 lakh crore during the preceding 15-day period ended March 31

RBI allows banks to implement suo motu loan resolution in calamities

RBI has allowed banks to implement suo motu loan resolution for borrowers affected by natural calamities, setting timelines for invocation and completion

HSBC names Gautam Anand to lead Global India private banking unit

Anand, a veteran banker with 25 years of experience, will oversee HSBC's global India private banking franchise across India and key international hubs

Automation nudges Axis, HDFC Bank, and RBL Bank towards a leaner workforce

Headcount cuts in FY26 reflect tech-led shifts in frontline roles

RBI eases risk-weight trigger for unrated big-ticket loans, tweaks norms

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

RBI finalises expected credit loss norms; rollout set for April 2027

The ECL framework is forward looking and asks banks to build buffers based on the likely losses an asset will incur

Visa appoints Suresh Sethi as group country manager for India, South Asia

Based in Mumbai, Sethi will report to Stephen Karpin, Regional President, Asia Pacific, Visa

FinMin asks PSBs to complete wage revision process in next 12 months

The wage revision for employees and officers of public sector banks would be due from November 1, 2027

Small business credit growth slows to 14.9 per cent: CRIF-SIDBI report

India's small business credit portfolio remains resilient at ₹47.8 lakh crore, though growth moderated amid a higher base, even as smaller-ticket loans gained share

Bank credit grows by 15% in April 15 fortnight, shows RBI data

In the fortnight, credit contracted by 2.1 per cent or Rs 4.39 trillion, while deposits contracted by 2.2 per cent YoY or Rs 5.81 trillion

NBFCs seek access to fraud registry, but may need amendment to RBI Act

Non-banking financial companies seek access to RBI's central fraud registry, arguing that limited access raises fraud risks as lending partnerships with banks deepen

Sitharaman meets banks on AI risks after concerns over Anthropic's Mythos

The meeting assumes significance in view of development of the Claude Mythos AI model by Anthropic claiming that it has found vulnerabilities in many major operating systems

WALR transmission higher for private banks than PSBs in easing cycle: RBI

RBI Bulletin shows stronger pass-through of rate cuts to lending rates by private banks than PSBs, though overall transmission across sectors remains robust