Page 28 - Banking

Rural centres emerge as new frontier for banks' ATM expansion drive

According to industry experts, maintaining ATMs for banks has become an expensive task in urban cities as most ATMs remain idle with people using less cash amid rise in UPI transactions

PSBs continue to grab higher share in incremental credit growth: RBI

Bankers said the increase in market share in the last 18 months is the outcome of a combination of factors like changes in macro environment

RBI to ease risk weights for NBFC infra loans, cut financing costs

It has been proposed to introduce a principle-based framework for assigning risk weights to infrastructure loans given by these entities

RBI signals openness for licences for new urban cooperative banks

RBI to issue a discussion paper on licensing new UCBs, citing stronger financial performance, better compliance and demand from stakeholders for wider financial inclusion

RBI allows Indian lenders to fund acquisitions of Indian corporates

RBI permits banks to finance mergers and acquisitions of Indian corporates, expanding capital market lending opportunities but raising concerns over leverage and ALM risks

RBI eases rules by dropping overlap curbs on banks, group entities

RBI has removed proposed restrictions on business overlaps between banks and their group entities, giving operational freedom and boosting major lenders with NBFC arms

RBI unveils incentive scheme to cut unclaimed bank deposits stock

The RBI had earlier launched a dedicated portal called 'UDGAM' to enhance accessibility and simplify the search process for unclaimed deposits

NaBFID eyes partial credit enhancement for bonds worth ₹15,000 cr in H2FY26

These projects are likely to be predominantly from the renewable energy and roads sectors, according to a top NaBFID executive

Bank holidays from Sept 29 to Oct 5, 2025: Check complete list of closures

Bank Holiday: The RBI states that regional and national holidays, such as Gandhi Jayanti, Dussehra, Maha Ashtami, and Maha Saptami, will impact banking services from September 29 to October 5, 2025

Govt keen to retain its say on picking PSB independent directors

During the PSB Manthan earlier this month, some experts and bankers had suggested that the power to appoint independent directors should rest with the boards of PSBs to enhance accountability

RBI revises norms for claims settlement of deceased bank customers

The directions are related to the settlement of claims in the deposit accounts of a deceased customer, safe deposit locker and articles in safe custody by the deceased customer

NBFCs likely to see rise in non-performing retail loans in FY26: Moody's

The latest goods and services tax (GST) reform could spur demand for vehicle loans, but also increase asset risks because collateral values can decline

RBI paper says monetary policy transmission to NBFCs remains incomplete

RBI research shows incomplete transmission of policy rates to NBFCs as higher borrowing costs, risk perception and reliance on banks and markets dampen rate adjustments

Banking system liquidity turns deficit amid tax payments, GST outflows

Experts said the liquidity crunch is expected to be temporary and will pick up on the back of government expenditure

Banks, NBFCs roll out festival season offers to revive credit demand

Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali

Wall Street banks may lean on Indian GCCs, boost hiring after H-1B shakeup

Trump's $100,000 H-1B visa fee can push Wall Street banks to hire more Indian engineers and rely heavily on GCCs in India, according to a report by Bloomberg

Benefits of AI should not overshadow prudent risk management: RBI dy guv

RBI Deputy Governor M Rajeshwar Rao said AI adoption in banking must be measured and responsible, stressing strong governance, ethical use and alignment with long-term stability

IndusInd Bank names Viral Damania CFO amid leadership transition

IndusInd Bank has appointed Viral Damania as CFO and KMP with effect from September 22, while Santosh Kumar will continue as Deputy CFO after ceasing additional duties

SBI expands in Tamil Nadu with 14 branches, rural camps and CSR push

SBI chairman Challa Sreenivasulu Setty inaugurated 14 branches, rural camps and CSR initiatives in Tamil Nadu, reinforcing the bank's focus on financial inclusion and community support

India's banking liquidity crunch seen as temporary, says analyst

The Reserve Bank of India is comfortable with a liquidity surplus of around 1% of banks' deposits, which is roughly 2.5 trillion rupees