Page 28 - Banking

After CEO exit, RBI okays IndusInd executives' panel to run the show

Analysts express reservation on appointment of a PSU banker as MD & CEO

RBI ask banks to ensure ATMs dispense Rs 100, Rs 200 notes

Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased manner

Indian Bank lowers home loan rate to 7.90%, vehicle loan to 8.25%

The decision by the city-headquartered bank to cut rates comes in the backdrop of the Reserve Bank of India's Monetary Policy Committee reducing the short-term lending rate by 25 basis points to 6%

Despite growth of e-transactions, ATMs see surge in orders, deployment

Hike in interchange fees may lead to more deployments in bank as well as white label ATMs

Tamilnad Mercantile Bank Q4 results: Net profit up by 15% to ₹292 crore

The bank's deposits increased to Rs 53,689 crore, up from Rs 49,515 crore last fiscal

Coming soon: A new system to integrate netbanking, payment aggregators

This new switch being developed by NPCI subsidiary NPCI Bharat BillPay Limited (NBBL) will not leverage any existing payments system tech but will focus on creating a new system altogether

IndusInd Bank's risk management, leadership under scanner: Moody's

Yes Bank's profitability remains lower vis-a-vis private peers

Indian banks outperform global peers in digital transition, daily services

Indian banks have introduced features like real-time and future-dated payments, app-based banking through messengers, and virtual card issuance for online transactions, outpacing global peers

Large banks to benefit from RBI's runoff factor move, say analysts

The new norms have allowed lowering the runoff factor on deposits from non-financial entities such as trusts to 40 per cent from 100 per cent

FY25 staff count: HDFC Bank adds just 994, ICICI Bank trims over 6K

Despite rise in number of branches, hiring slows

RBI cancels licence of Aurangabad-based Ajantha Urban Co-op Bank Maryadit

The Registrar of Cooperative Societies, Maharashtra, has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank

PSU banks lead incremental credit while share of private banks falls

Although non-food credit increased at a decelerating pace of 12 per cent year-on-year (Y-o-Y), compared to 16.3 per cent a year ago, according to the bulletin

RBI direct banks to switch to '.bank.in' domain by Oct to boost security

All banks have been advised to commence the migration of their existing domains to the '.bank.in' domain and complete the process at the earliest

RBI allows minors above 10 years to open bank accounts independently

Minors of any age can open and operate savings and term deposit accounts through their natural or legal guardian

Banks reduce savings account interest rates to protect profitability

Recently, HDFC Bank, ICICI Bank, Axis Bank and Federal Bank announced nearly 25 basis points revision in their savings account interest rates

RBI mandates 2.5% additional run-off factor on digital retail deposits

Effective April 1, 2026, the final norms could help free up lendable resources by almost ₹3 trillion estimates ICRA

RBI directs banks to increase run-off rates for digital deposits

The net impact of these measures will improve banks' liquidity coverage ratio as on December-end by around 6 percentage points, the Reserve Bank of India said in a release

Ensure liquidity measures transmitted to broader market: RBI Guv to banks

RBI Governor also called banks and primary dealers for their active roles to improve liquidity and pricing for participants like cooperative banks, pension and provident funds with smaller deal sizes

Lenders saw muted demand across sectors in the 2024 festive season

The leading contributing factors were the lack of softened interest rates, increase in risk weights on unsecured loans, and broader macroeconomic challenges

FinMin to hold high-level talks on 'One State, One RRB' execution on May 6

On April 7, the Union government released a gazette notification announcing the amalgamation of several RRBs, effective from May 1, 2025