Page 30 - Banking

Avoid calling customers repeatedly to submit KYC docs: RBI Governor

Malhotra rued that most banks and NBFCs have not enabled their branches or offices to access information from the central database due to which customers have to face the avoidable inconvenience

Banks transfer McLeod Russel loan accounts to NARCL for debt resolution

ICICI Bank and seven lenders assign McLeod Russel's Rs 1,104.69 crore debt to NARCL, raising hopes for restructuring. IndusInd Bank stays out, while JC Flowers ARC holds a 24.39% stake

BFSI GCCs reach new heights in India with neo and mid-sized banks

Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC

IndusInd Bank case a rare instance when RBI cited its 'LOLR' role

Central bank can rescue a bank that is solvent but has temporary liquidity woes

IndusInd Bank 'stable': RBI assures depositors, dismisses mkt speculation

The Reserve Bank of India issued a statement, assuring the depositors that the bank is well-capitalised and financially stable, and that there is no reason to react to speculative reports

Bank unions to hold nationwide strike on March 24, 25 after talks fail

In a meeting with the IBA, all UFBU constituents raised issues, including recruitment in all cadres and a five-day workweek

GenAI may boost banking operations' productivity by 46% by 2030: EY

These investments are already delivering measurable results: 63 per cent have seen improved customer satisfaction levels, while 58 per cent of firms report cost reductions, the study said

Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's

Funding tightness to abate as loan-to-deposit ratio stabilizes

Amid IndusInd fallout, RBI examines derivatives exposures of some banks

On Monday, private lender IndusInd Bank flagged a 2.35 per cent hit to its net worth due to an underestimation of hedging costs related to forex transactions

Axis Bank eyes up to Rs 4,000 crore from stake sale in Axis Finance

Sale proceeds for capital infusion in arm; sale likely in 3-6 months

IndusInd Bank shares drop 4% as RBI okays short-term CEO extension

This is the second consecutive time that the banking regulator has approved a shorter tenor, despite the board requesting a full three-year term

RBI may have concerns about my leadership, says IndusInd MD & CEO

Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth

Indian banks must continue to innovate, boost efficiency: Finance Minister

The finance minister virtually inaugurated 70 branches across India, 501 women customer service points, coinciding with the International Women's Day

RBI grants only one-year extension to IndusInd Bank CEO Sumant Kathpalia

IndusInd Bank's board had sought a three-year reappointment from RBI

Banks cut high-cost deposits, low-yielding loans to protect margins

Bankers said that, given the pressure on interest margins, many lenders have reduced dependence on high-cost bulk deposits and scaled down exposure to low-yielding credit to NBFCs

IndusInd Bank CEO gets 1-year extension, short of board's recommendation

The Reserve Bank of India (RBI) approved Kathpalia's term to be extended from March 24 this year to March 23, 2026, IndusInd said

Small-cap banks take the lead in average spend per credit card transaction

Credit-card spending for January stood at Rs 1,841 billion, marking a two per cent slide month-on-month (MoM), but a strong 14 per cent year-on-year growth

Bank of India adds 111 new branches to expand urban, semi-urban reach

As of December 2024, BoI had 5,202 branches in the country, with 993 in metros, 838 in urban centres, 1,501 in semi-urban centres, and 1,868 in rural areas

UFBU seeks adequate hiring in PSBs, regularisation of temporary staff

Over the years, the workforce in PSBs has dwindled significantly, creating an unsustainable work environment and compromising the efficiency and reach of these institutions

Arcil buys Ujjivan Small Finance Bank's stressed loan folio for Rs 34 cr

ARCIL's bid translates into a recovery of 9% for the lender