Page 3 - Banking

FCNR(B) may generate ₹5 trn notional profit for banks over 5 years: SBI

SBI Research estimates $127 billion in FCNR(B) deposits could support ₹25 trillion of additional bank credit and generate ₹5 trillion in notional profit over five years

MDR unlikely to trigger shift back to cash: RBI Deputy Governor S C Murmu

RBI Deputy Governor S C Murmu says MDR will help the payments ecosystem recover costs, while cash continues to retain a significant role as a store of value

Small retailers may pass on 0.4% UPI MDR, shift to bank transfers

Industry bodies say small retailers could seek to avoid the 0.4 per cent UPI MDR by shifting to bank transfers, splitting transactions or passing on the cost

UPI MDR wins payments industry support, but merchants fear higher costs

The 0.4 per cent charge on merchant UPI payments above Rs 2,000 could generate up to Rs 20,600 crore annually, but retailers and fuel dealers fear margin pressure and a possible shift towards cash

India housing prices rise 3.6% in Q1FY27, match year-ago pace

RBI's Housing Price Index rose 3.6 per cent in Q1FY27, with Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram recording the strongest gains

Cash-flow-based lending key to financing new-age industries: SBI MD

Banks need to develop new lending models, as emerging businesses may not have the traditional collateral required for bank finance, he said

Apple Pay eyes India rollout, starting with Axis Bank credit cards

The launch, starting ‌with a single major banking partner, would help the US company offer its payment service in the world's most populous country

In the age of UPI, cash still going strong as circulation growth picks up

Cash in circulation rises 12.5% as UPI grows, raising concerns that MDR could slow the shift to digital payments

Banks may soon hit infra exposure limits, need to recycle capital: NaBFID

Banks face imminent credit exposure limits for infra developers amid the growing need for infra investment, making it necessary to explore alternative structures and recycle bank capital, NaBFID Dy MD

Delhi merchants up in arms, say MDR on UPI could mark return to cash

New UPI charges on high-value merchant payments are raising concerns among Delhi retailers, with some considering a shift towards cash to protect margins

New MDR norms put netbanking back in play for Indian stockbrokers

UPI carries 0.02% MDR, capped at ₹300, while netbanking costs ₹8-12, negotiated between banks and payment service providers

MDR on UPI payments likely to unlock ₹15K-21K crore revenue pool

Brokerages expect banks to receive the largest share of the levy, while Paytm, Pine Labs and other fintechs could gain from higher transaction-linked revenue annually

Govt holds firm on UPI MDR as Opposition mounts pressure for rollback

Finance Ministry rejects claims of US pressure behind UPI MDR, as Opposition parties and trader groups demand reconsideration of the new merchant fee

Apps oppose platform fee ban on UPI bill payments under new MDR norms

UPI apps say their Rs 1 share from a Rs 5 MDR on larger bill payments will not cover Bharat Bill Payment System commissions, while smaller transactions earn nothing at all

Have a pipeline of ₹4 trillion in sanctioned loans, says Nabfid MD

NaBFID targets a Rs 5 trillion loan book by 2029-30, backed by a Rs 4 trillion sanctioned pipeline and rising private infrastructure investment

PIL in SC challenges 0.4% MDR on UPI transactions above ₹2,000 in India

Petitioner questions the amended payment law, lack of gazette publication and differing treatment of UPI and RuPay debit-card transactions under the new framework

India's Brics payment pitch falls short of leaders' declaration

BRICS leaders stopped short of endorsing concrete steps on payment-system interoperability and local-currency trade, leaving India's long-running push without a firm action plan

Race for HDFC Bank MD & CEO likely between insider and outsider

Order of preference in which two names are submitted to RBI is critical

Indian Bank plans entry into life insurance, soon to seek board nod: MD

Indian Bank is already present in the general insurance space with a 28.52 per cent stake in Universal Sompo General Insurance Company

IBBI wants debt resolution professionals to guard against IBC abuse

IBBI directs Insolvency Professionals to conduct due diligence and report misuse of the IBC framework following a disciplinary crackdown on non-compliant administrators