Page 3 - Banking

Bank holiday on Guru Nanak Jayanti: Banks in these states closed on Nov 5

Multiple states will mark a bank holiday on Nov 5, 2025, due to Guru Nanak Jayanti and Kartik Purnima. The RBI has confirmed to seek clarity on which states will be affected by this holiday

Public sector banks take up tech upgrade to streamline operations

Banks complete data migration for branches and ATMs; new tech to enhance mapping, oversight and financial inclusion efforts

RBI's nod for banks' M&A funding may force tweak to sensitive sector norms

Bankers say that given the substantial exposures banks will have to take for M&A financing, the current ceiling for banks' exposure to the sensitive sectors is likely to be a hurdle

AI must be used responsibly, or it can create biases: Banking heads at BFSI

Speaking at Business Standard's BFSI Summit, Virat Diwanji, National Head-Consumer Banking, Federal Bank, spoke with Nivedita Mookerji in a panel discussion on Impact of tech, AI on retail banking

Bank holidays in November 2025: Check full state-wise list and key dates

As per the state-wise holiday list for 2025-2026, the RBI has designated 5 bank holidays for November 2025. In India, bank holidays might vary per regional, national, or religious celebrations

BS BFSI Summit: 'AI-powered devices, voice redefining digital banking'

AI is turning everyday payment devices into intelligent fintech tools, redefining banking, fraud detection, and customer interaction, experts said at the Business Standard BFSI Insight Summit

BS BFSI Summit: MFI industry's full recovery hinges on better liquidity

After quarters of liquidity stress and high delinquencies, India's microfinance sector shows revival signs, though experts say sustained recovery depends on stronger bank and government support

As cybercrime surges, experts call zero trust a must for Indian BFSI

Speaking at Business Standard's BFSI Summit, experts highlighted the need for a zero-trust approach, calling it a critical requirement

Banking sector faces challenge of customer service: Arundhati Bhattacharya

At the Business Standard BFSI Insight Summit 2025, Salesforce CEO Arundhati Bhattacharya said customer service remains a major challenge for banks as they strive to balance convenience with security

AI-enabled devices redefining digital banking, say experts at BFSI Summit

Experts at the Business Standard BFSI Insight Summit say devices are fast evolving from passive tools to AI-powered platforms at the core of fintech innovation and secure digital transactions

Upper-layer NBFCs should be allowed to accept deposits, say CEOs

NBFC leaders urge RBI to let strong players accept public deposits, saying it would diversify funding, reduce bank reliance, and strengthen credit flow amid rising capital demand

India's financial services sector is the biggest, strongest ever: DFS secy

The three-day premier event begins with who's who of the BFSI sector converging to debate road ahead. Discussions ranged from setting up new banks to meet diverse credit needs to 'digital arrests'

At least 2 Indian banks should be in global top 20, say PSB chiefs

Banks are more confident to manage the process of mergers and amalgamation in the banking sector on the back of very effective consolidation in PSB space amid COVID pandemic in 2020, said bankers

BS BFSI Insight Summit: 'AI's RoI may be slow, but governance can't wait'

The panelists said that re-skilling will be key to ensuring the workforce remains employable even as disruptive technologies continue to enter the sector

This could be largest IPO year in Indian history: Foreign Bank CEO Panel

At BS BFSI Summit 2025, all three bankers welcomed recent measures from the RBI, particularly move to allow local banks to finance mergers and acquisitions - an area long dominated by foreign lenders

Reinvention, not overhaul, is key to evolution: Private bank chiefs

At Business Standard BFSI Insight Summit 2025, a session titled 'Is it time to revisit the banking model?' brought together top bankers to discuss how industry must adapt to this evolving landscape

BFSI Summit: SFBs urge RBI to relax capital norms, shed 'small finance' tag

Chief executives of Small Finance Banks welcome move to allow them to transition to universal banks, but ask for glide path to lower capital adequacy norms vis-a-vis large banks

Regulatory reform, capital depth draw global banks to India, say CEOs

At the Business Standard BFSI Insight Summit, CEOs of Citi, HSBC, and Standard Chartered say India's regulatory clarity and deepening markets are strengthening its appeal for global banks

BFSI summit: Do NBFCs need bank licence to grow, or is it overrated now?

With evolving tech, funding models and regulation, bank licences are no longer the premium growth lever for NBFCs, and strategy, agility matter now, said experts at Business Standard BFSI Summit 2025

India needs bigger, more global-scale banks for 2047 goal: Banking leaders

To achieve Viksit Bharat goal, India must build more globally-scaled banks with robust financial strength, deep talent pool, and tech sophistication, said experts at Business Standard BFSI Summit 2025