Page 3 - Banking

Data centres, steel, nuclear power top private investment pipeline

An analysis of nearly 6,850 projects announced between April 2024 and September 2026 shows data centres attracting Rs 19.14 trillion, followed by steel and nuclear power

SBI data breach explained: What are your rights if personal data is leaked?

SBI's reported data leak has raised questions about customer privacy. Here's what Indian laws require banks to do, whether affected customers can seek compensation and how they can protect themselves

IDBI stake sale to push disinvestment receipts past BE for second year

The 30.48 per cent divestment in IDBI Bank is expected to take the government's receipts from stake sales and asset monetisation past the BE of ₹80,000 cr

Banking system liquidity surplus shrinks to ₹542 cr amid tax outflows

Banking system liquidity surplus narrowed to Rs 542 crore as tax outflows tightened cash availability, pushing the weighted average call rate closer to the RBI's MSF rate.

As RBI rules out rate cuts soon, fixed deposits become attractive again

With the RBI hiking the policy rate at its recent MPC meeting amid higher geopolitical tensions, fixed deposits could offer a safe harbour for the less risk-averse

From SBI to ICICI: Major banking data breaches, cyberattacks in India

SBI's latest disclosure of exposed customer records adds to a history of cyber incidents affecting Indian banks

Leading NBFCs flag early signs of repayment stress in gold loan segment

Bajaj Finance and Piramal Finance flag early signs of stress in gold loans as rapid lending growth raises concerns over repayment delays, borrower leverage and defaults

IMF urges exchange rate flexibility as RBI steps up rupee defence

Exchange rates should absorb global shocks, says IMF official as India rolls out measures to support the rupee

RBI imposes restrictions on Puducherry Co-op Urban Bank, caps withdrawals

The Reserve Bank on Wednesday imposed several restrictions on Puducherry Co-operative Urban Bank, including capping of withdrawals by a customer at Rs 5,000, in view of the deteriorating financial position of the lender.

RBL Bank eyes on broking, mutual funds to expand capital market presence

Private sector lender RBL Bank is "evaluating" a foray into the broking and asset management space as part of its move to expand capital market activities, a top official said on Wednesday.

SBI probes suspected dark web leak involving 3,897 customer records

The lender said preliminary analysis of around 375,000 dark web records identified 3,897 customer records containing personal information; a detailed investigation is under way

Not every friction in finance is inefficiency, says RBI DG Swaminathan

RBI Deputy Governor Swaminathan J says checks and balances help reduce fraud and errors, while financial institutions must maintain strong controls as technology reshapes processes

HDFC Bank probes alleged leak of confidential information, two under lens

HDFC Bank is conducting an internal review into an alleged leak of confidential information, with two executives potentially identified; action will follow the findings

SBI reports cyberattack exposing 3,897 customer records on dark web

SBI said a analysis showed that exposed information included customer names, mobile numbers, DOBs, email addresses, residential addresses, brand and customer identifiers, along with loan ‌records

Public-sector banks take returns lead; private banks hold valuation edge

Q2 results tilt towards state-owned banks, while FCNR(B) inflows cloud private lenders' margin outlook

HDFC to ramp up beyond home shores under incoming MD & CEO Anup Bagchi

Limited overseas reach constrained FCNR(B) deposit mobilisation; incoming chief Anup Bagchi may explore expansion as the lender reviews its strategy

PNB cautions customers of AI-led cyberattacks amid cyber fraud surge

Bank informed customers that fraudsters are using increasingly sophisticated methods to make their attempts more convincing

Treasury gains shrink for banks in Q2 as rising yields hit trading books

Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.

Moody's sees limited impact on Fairfax leverage from IDBI Bank takeover

Fairfax's financial leverage stood at around 34 per cent, which declined to 27 per cent after excluding non-recourse debt at its non-insurance companies, Moody's said in a statement

FCNR(B) deposit inflows weigh on private banks' margins in Q2FY27 results

HDFC Bank, ICICI Bank and Axis Bank report sequential declines in net interest margins as FCNR(B) deposits weigh on earnings, but expect recovery as funds are deployed