Page 3 - Banking

PSU banks' loan growth outpaces deposits in first quarter of FY27

Retail loans remained the key growth engine even as low-cost CASA deposits stayed under pressure

HDFC Bank's advances rise 15.4% YoY, deposits grow 14.7% in Q1FY27

India's largest private lender reports gross advances of Rs 30.61 trillion and deposits of Rs 31.71 trillion at June-end, while CASA deposits decline sequentially

IndusInd Bank loan book grew in Q1, a first since accounting lapse

Public sector lenders Union Bank of India, Central Bank of India and Canara Bank posted double-digit growth in advances in April-June of FY27

9 former Axis Bank execs take top leadership roles across financial sector

Axis Bank has emerged as a major leadership talent pool for India's financial sector, with former executives taking top roles across banks, NBFCs and financial institutions

Rajiv Kumar's biggest task: Restoring investor confidence in HDFC Bank

HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation

1st in nearly a decade: ICICI Bank plans to raise $500 mn via dollar bonds

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing

Banks strengthen deposit base as credit growth outpaces liabilities

Crisil says banks continue to prioritise CASA mobilisation as credit growth outpaces deposits and competition for retail funds keeps funding costs under pressure

ToneTag unveils AI banking assistant for millions of small merchants

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

ICICI Bank plans first dollar bond sale in 9 years under RBI swap window

The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter

Visa passkeys go live in India as IDFC First Bank becomes first issuer

Visa Payment Passkey allows cardholders to authenticate online transactions using biometrics, PINs, passwords or patterns instead of traditional one-time passwords

Banks bet on Gulf, Singapore and Hong Kong to drive FCNR (B) flows

Banks expect the RBI's FCNR(B) deposit scheme to attract major inflows from the Gulf, Singapore and Hong Kong, with mobilisation expected to accelerate in August

Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders

Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand

Bank of Baroda to pay $600 million to settle NMC Health litigation

Amount is equivalent to bank's net profit in Q4FY26

M&A funding norms to intensify competition for private credit: Moody's

Moody's says RBI's acquisition financing norms could intensify competition from banks, putting pressure on private credit deal volumes and yields

Can cheaper bank funding spark India's next M&A cycle after RBI move?

Banks can now finance acquisitions under RBI's revised framework; experts say lower borrowing costs may improve deal economics, but valuations and strategic fit will continue to drive M&A decisions

RBI appoints Ravi Shankar as executive director to head statistics dept

As executive director, Shankar will oversee the Department of Statistics and Information Management

MFI AUM projected to grow at 20% in FY27 on secured loans: Crisil Ratings

Rating agency says diversification into gold, MSME and property-backed loans, along with a recovery in microfinance disbursements, will drive growth this fiscal

RBI's new Integrated Ombudsman Scheme comes into effect from 1 July

The revamped framework broadens consumer grievance redressal, covering banks, eligible NBFCs, prepaid payment instrument issuers and credit information companies under a unified mechanism

Advances growth outpaces deposits at smaller private banks in Q1 FY27

South Indian Bank, Tamilnad Mercantile Bank and Dhanlaxmi Bank reported stronger growth in advances than deposits during the April-June quarter of FY27

NPCI ties up with HSBC India, JP Morgan to boost overseas UPI payments

NPCI has partnered with HSBC India and JP Morgan Payments to enable real-time foreign exchange conversion and settlement for international UPI transactions, making overseas payments more transparent