Page 26 - Banking

Banking system liquidity surplus tops ₹4 trillion; strong VRRR demand

Liquidity jumps on government spending and surplus transfer; RBI gets ₹1.7 tn bids at 7-day VRRR, with cut-off at 5.47%; experts see preference for shorter operations

UCBs see growth in outstanding credit portfolio due to demand, wider reach

Retail credit products have witnessed highest growth in last five years compared to commercial credit

From BoB to Indian Bank, PSBs report double-digit credit growth in Q1

Bank of Baroda, Indian Bank lead state-owned lenders' strong credit expansion in April-June, while deposits grow at a slower pace

Banking system liquidity hits 3-year high at $3.74 trillion: RBI data

Banking system liquidity rose to a net surplus of Rs 3.74 trillion, the highest since June 2022. The market is now awaiting action from the RBI to manage the surplus and ensure monetary transmission

Indian Bank cuts lending rate for one year maturity by 5 bps to 9%

Besides, the Chennai-based bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025

AI in currency: How it is quietly rewriting the rules of modern banking

Artificial intelligence is quietly transforming consumer-facing industries

State Bank of India at 70: Tracing the journey of India's biggest lender

From its 1800s roots to today's banking giant, SBI marks 70 years since its birth

New project finance norms: Banks seek exemption for smaller loans

On June 19, the RBI announced the final norms for project finance, prescribing a one per cent general provision for all projects, as compared to 0.4 per cent now

Saraswat Bank approaches RBI to acquire New India Cooperative Bank

The RBI in February had prohibited New India, based in Mumbai, from issuing fresh loans and suspended deposit withdrawals for six months

MF funding to NBFCs hits record Rs 2.77 trillion in May 2025: CareEdge

Mutual fund exposure to NBFCs rose 32.5% YoY to record Rs 2.77 trillion in May 2025, driven by CPs and corporate debt, while bank credit to NBFCs fell 0.3%

Banks to book treasury gains in Q1FY26 on yield fall, OMO support

Bond yield drop and ₹2.5 trillion RBI OMOs to lift treasury income in Q1FY26 but weak credit growth may weigh on net profits, especially for PSU banks

Karnataka Bank shares recover after CEO, ED resign; bank reassures clients

In May, the bank's statutory auditors had flagged certain expenditure incurred by the whole-time directors without taking the board into confidence

Banking system may face near-term margin pressures, says RBI report

Lower NIMs, slow credit growth, and high-cost deposits likely to add to its woes

SBI plans to solarise 4 million homes by FY27, marks 70 years of service

As it celebrates 70 years, SBI commits to solarising 4 million homes by FY27, scaling rooftop projects, modernising ATMs, and advancing AI-driven customer solutions

Bank GNPAs fall to multi-decade low of 2.3% in March, may rise by FY27: RBI

It can be noted that dud assets have been one of the most challenging part for the banking system for a large part of the latter part of the previous decade

Bank credit growth slows to 4.9% during fortnight ended May 30: RBI

The RBI has released the data on sectoral deployment of bank credit for May 2025 collected from 41 select scheduled commercial banks

Credit growth may remain subdued despite 100 bps policy repo rate cut

Banks await reduction in CRR, and festival season loan demand

Rupam Roy elected general secy of All-India State Bank Officers' Federation

Several important resolutions were adopted to strengthen the Federation's role in protecting the interests of its members in general and the society at large

Ketan Kumar Joshi named J&K Bank CFO for 3-year term, replaces Fayaz Ganai

The Bank notified the appointment to the stock exchanges in accordance with Sebi Regulations

Finmin asks PSBs to monetise subsidiary stakes via listing on bourses

There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term