Page 28 - Banking

Internal restructuring to ensure seamless solutions, says Yes Bank

The internal restructuring is a strategic initiative designed to ensure seamless and consistent solutions at every touchpoint

FinMin to implement 'one state, one RRB' soon to improve efficiency

The financial year 2021-22 was a watershed year in the context of RRBs as the Centre decided to infuse Rs 5,445 crore as its share over a period of two years to facilitate growth capital

Women hold 39.2% of bank accounts in India, 42.2% in rural areas: Mospi

A MOSPI statement said that the report highlights that women own 39.2 per cent of all bank accounts and contribute to 39.7 per cent of total deposits

Bank credit growth declines sharply to 11% in FY25, shows RBI data

Reserve Bank of India (RBI) data showed deposit growth moderated to 10.3 per cent in the fortnight ended March 21, 2025 (last fortnight of FY25), from 13.5 per cent in FY24

Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets

Credit grew faster than deposits

HDFC Bank gains Rs 1.5 trn in deposits, CD ratio drops to 97% in Q4

As a result, HDFC Bank's credit-deposit (CD) ratio declined to 97 per cent at the end of March 2025, a drop of 800 basis points (bps) since March 2024

Banks park record Rs 4.13 trillion with RBI in standing deposit facility

This marked the highest amount banks have parked in the SDF since its introduction in April 2022

As Mudra turns 10, signs of beneficiaries moving into higher loan bracket

The share of Shishu accounts declined to 51.7% of the total in FY25 while Kishor accounts' share has increased to 44.7%, suggesting some Shishu account holders have grown and availed Kishor loans

Recent decline in headcount not due to AI use: SBI Deputy MD Nitin Chugh

The nature of jobs will undergo a transformation going forward, Chugh said

HDFC Bank's deposits increase 14%, gross advances grow 5.4% in Q4

The bank has securitised Rs 57,000 crore of loans in FY25, and in Q4 alone, the bank has securitised Rs 10,700 crore of loans

Finance ministry asks banks to work on deposit mobilisation strategies

The meeting was chaired by the Department of Financial Services (DFS) Secretary M Nagaraju with the PSB chiefs and select private sector banks

Bank of Baroda and Bank of India miss FY25 deposit growth guidance

Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion

State Bank of India withdraws special fixed deposit scheme Amrit Kalash

Other banks, including HDFC Bank and Yes Bank, have also trimmed interest rates on fixed deposits for select tenures

HDFC Bank reduces deposit rates by 35 bps and 40 bps on select FDs

Now, the bank is offering a 7 per cent interest rate on deposits of up to Rs 3 crore for 35-month and 55-month tenures

PNB, CSB and several banks see credit growth outpace deposits in Q4

Sequentially, advances grew 2.4 per cent, while deposits grew by 1.7 per cent, the bank said in its quarterly update

UPI outage due to financial year-end transaction rush at banks, says NPCI

Transactions volumes declined 7 per cent on March 26 after the UPI network had reported an outage

Ireda reports 27% rise in loan sanctions in FY25 to Rs 47,453 crore

Loan disbursements rose 20 per cent to Rs 30,168 crore from Rs 25,089 crore in 2023-24, as per the provisional data shared by the company

BankTech investment projected to hit $1 bn by 2027 end: Cedar-IBSi Capital

It said as the country is progressing towards achieving its gross domestic product target of $7 trillion by 2030, the banking sector will be a key driver

AU Small Finance Bank raises Rs 770 crore via Tier-II bond issuance

With this fund raise, AU SFB has achieved one of the largest bond issuances by any small finance bank, with the deal closing on the last working day of the financial year FY25

Interest rates on small savings schemes unchanged for April-June quarter

As per the notification, deposits under the Sukanya Samriddhi scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1%