Page 26 - Banking

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

FSIB invites application for Canara MD & CEO a week after notification

FSIB reopens applications for Canara Bank's top post a week after the Centre allowed private sector professionals to compete for PSU bank MD & CEO positions

Size Matters: What will it take for India PSBs to break into Global Top 20?

With a rank of 43, the State Bank of India (SBI) is currently the only Indian public sector lender in the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets

Private banks reduce lending rates more than PSBs in current cycle

Following the RBI's 100-bps policy rate cut, private banks showed faster transmission to lending rates, while PSBs led in passing on deposit rate reductions

UCO Bank to add another 150 branches by March to expand business

Currently, the Kolkata-based lender has 3,322 branches across the country and with the addition of 150 branches, the network would rise to 3,472 by the end of the current financial year

Large pvt banks see green shoots, expect credit demand revival in H2FY26

Attribute this to fiscal, monetary measures

Are banks closed on October 20 and 21 for Diwali? Check state-wise dates

Diwali 2025 bank holidays vary across states. Some will observe closures on October 20, others on October 21. Sikkim gets four holidays, Chhattisgarh three, Maharashtra, Gujarat, and UP two days each

ECL framework to improve banks' overall credit culture: Indian Bank CEO

We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar

Global banks bet billions on deals in India amid US credit jitters

Foreign investors are pouring billions into Indian banks, betting on the country's growth and stability even as global peers grapple with credit losses, trade tensions, and rising financial risks

RBL Bank eyes large lender status on back of Emirates NBD's $3 bn offer

The $3 billion investment gives RBL Bank access to global expertise, fresh capital, and expansion opportunities in corporate, retail, and wealth banking segments

RBL Bank eyes wealth management after Emirates NBD acquires 60% stake

The deal is the latest in a series of cross-border deals in India this year as India seeks to attract foreign investment and strengthen the country's midsize banks

SBI raises ₹7,500 cr through Tier-II bonds at a tight coupon of 6.93%

The bonds have a tenor of 10 years, with a call option after five years and on each anniversary date thereafter. The bonds are rated AAA by domestic rating agencies

Increase agricultural credit to meet rural India's demands: FM to banks

She advised the bank to increase its share in ground-level agriculture credit disbursement, with special focus on emerging areas of the economy

Nirmala Sitharaman reviews KaGB, focuses on FPO and MSME lending

Finance Minister reviews Karnataka Grameena Bank's performance in Ballari, calling for greater focus on rural lending, MSME support, and FPO financing for inclusive growth

Micro-ATM operators seek higher transaction fees to match legacy ATMs

Micro-ATM operators have sought a revision in transaction fees, urging the government to align their payouts with those of legacy ATMs amid rising volumes and decade-old stagnant pricing

HDFC Life Q2 profit up 3% YoY to Rs 447 crore as premium growth sustains

Net profit rises to Rs 447 crore; APE up 8.6% and VNB grows 7.6% even as GST exemption impacts margins and investment income

RBL Bank says reports of Emirates NBD Bank stake buy 'incorrect'

Reports suggested that Emirates NBD is in advanced negotiations with RBL Bank to finalise a ₹15,000-crore investment, emerge as the single-largest, controlling shareholder in the Indian private lender

RBI may allow Emirates NBD to acquire controlling stake in RBL Bank

While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval

PSBs raise investment limit in state bonds to capitalise on higher yields

Public sector banks increase SDL allocation to 40-50% of HQLA portfolios, drawn by higher yields and widening spreads over central government bonds

Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr

Emirates NBD is expected to buy around 26 per cent stake from institutional investors and then make an open offer for an additional 25 per cent, Mint reported