Page 25 - Banking

Upper-layer NBFCs should be allowed to accept deposits, say CEOs

NBFC leaders urge RBI to let strong players accept public deposits, saying it would diversify funding, reduce bank reliance, and strengthen credit flow amid rising capital demand

India's financial services sector is the biggest, strongest ever: DFS secy

The three-day premier event begins with who's who of the BFSI sector converging to debate road ahead. Discussions ranged from setting up new banks to meet diverse credit needs to 'digital arrests'

At least 2 Indian banks should be in global top 20, say PSB chiefs

Banks are more confident to manage the process of mergers and amalgamation in the banking sector on the back of very effective consolidation in PSB space amid COVID pandemic in 2020, said bankers

BS BFSI Insight Summit: 'AI's RoI may be slow, but governance can't wait'

The panelists said that re-skilling will be key to ensuring the workforce remains employable even as disruptive technologies continue to enter the sector

This could be largest IPO year in Indian history: Foreign Bank CEO Panel

At BS BFSI Summit 2025, all three bankers welcomed recent measures from the RBI, particularly move to allow local banks to finance mergers and acquisitions - an area long dominated by foreign lenders

Reinvention, not overhaul, is key to evolution: Private bank chiefs

At Business Standard BFSI Insight Summit 2025, a session titled 'Is it time to revisit the banking model?' brought together top bankers to discuss how industry must adapt to this evolving landscape

BFSI Summit: SFBs urge RBI to relax capital norms, shed 'small finance' tag

Chief executives of Small Finance Banks welcome move to allow them to transition to universal banks, but ask for glide path to lower capital adequacy norms vis-a-vis large banks

Regulatory reform, capital depth draw global banks to India, say CEOs

At the Business Standard BFSI Insight Summit, CEOs of Citi, HSBC, and Standard Chartered say India's regulatory clarity and deepening markets are strengthening its appeal for global banks

BFSI summit: Do NBFCs need bank licence to grow, or is it overrated now?

With evolving tech, funding models and regulation, bank licences are no longer the premium growth lever for NBFCs, and strategy, agility matter now, said experts at Business Standard BFSI Summit 2025

India needs bigger, more global-scale banks for 2047 goal: Banking leaders

To achieve Viksit Bharat goal, India must build more globally-scaled banks with robust financial strength, deep talent pool, and tech sophistication, said experts at Business Standard BFSI Summit 2025

Reinvention continuous process that banks are adopting well: Top bankers

The bankers highlighted that lenders must stay agile and continuously reinvent themselves to stay relevant in a rapidly changing environment

Banks, capital markets to drive India's next growth phase, says KV Kamath

At the Business Standard BFSI Insight Summit 2025, Non-Executive Chairman of Jio Financial Services KV Kamath said country's financial ecosystem has evolved to give consumers greater choice

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

RBI denies approval for Dia Vikas Capital's 5% stake purchase in ESAF SFB

The central bank has refused approval for Dia Vikas Capital's proposed 5% stake purchase, prompting ESAF SFB's board to review its promoter scheme and next steps

SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings

Crisil Ratings expects non-microfinance segments like housing, MSME and vehicle loans to drive 16-17% growth in small finance banks' advances this fiscal

HDFC Bank puts 2 senior bankers on leave amid Credit Suisse bond probe

Some HDFC customers have claimed they were not properly informed about the high-risk nature of the bonds, though the lender has maintained it complied with all applicable laws

RBI returns Jana SFB's application seeking universal banking licence

Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.

VFS Capital withdraws small finance bank licence application: RBI

The NBFC-MFI, which reported a 117% rise in profit in FY25, has withdrawn its SFB licence application filed under RBI's on-tap licensing framework

Govt plans to hike foreign investment cap in PSBs to 49%, says report

India has 12 government-owned banks, with combined assets of 171 trillion rupees ($1.95 trillion) as of March that account for 55% of the banking sector

CBDC adoption may take 2-3 years as banks struggle with tech, incentives

CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee