Page 33 - Banking

FinMin to hold high-level talks on 'One State, One RRB' execution on May 6

On April 7, the Union government released a gazette notification announcing the amalgamation of several RRBs, effective from May 1, 2025

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls

RBI cancels licence of Ahmedabad-based Colour Merchants Co-op Bank

RBI further said as per the data submitted by the co-operative bank, about 98.51 per cent of the depositors are entitled to receive full amount of their deposits from DICGC

ICICI Bank joins top peers, cuts rate for savings accounts by 25 bps

Savings account balances of up to Rs 50 lakh will now earn an interest rate of 2.75%: ICICI

ICICI Bank slashes savings account deposit interest rate by 0.25%

The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings

External audit agency uncovers Rs 1,979 crore impact on IndusInd Bank

The bank said it received the report from the external agency on April 15

NPCI meets banks, UPI apps to discuss recent outages on the platform

Sources also said that NPCI informed banks that it will be sharing a detailed to-do list, outlining specific actions that need to be implemented to strengthen the UPI ecosystem

Axis Bank cuts savings deposit rate by 25 basis points, effective April 15

HDFC Bank had earlier revised savings deposit rates by 25 bps; ICICI Bank yet to cut savings deposit rates

Deposit interest rate cuts likely to be moderate in current cycle

Elevated credit-deposit ratio, LCR norms may weigh on banks' decision

SBI cuts lending rates by 25 bps after RBI's move; loans to get cheaper

The rate reduction is in response to last week's RBI slashing key interest rate by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US

Bank of Maharashtra cuts repo-linked lending rate by 25 bps to 8.80%

The reduced rates will make loans more affordable and enhance the financial well-being of its customers

IPL betting boom strains Indian banks as UPI handles trillions in flows

The frenzy of real-time IPL betting is testing the limits of India's UPI network, as banks struggle to manage surging digital transactions and prevent payment failures

Clients are in risk-management mode, says Citigroup's Jason Rekate

Rekate talks on uncertainties due to global tariff wars, how Indian companies are navigating these challenges, and why India continues to be an important market for the American lender

Banks seek power to freeze accounts in case of illicit transactions

"In light of this, we may propose this as a suggestion for further consideration by the RBI," a working group constituted by the Indian Banks' Association said in a report

Affordable housing sector starting to show early signs of distress

With public banks dominating the segment, RBI's revised PSL cap may push banks towards higher-ticket loans, as underwriting costs stay the same regardless of loan size or risk

RBI eyes faster transmission; bankers say immediate rate cut difficult

Loans linked to policy repo rate to fall

Banking system safe, IndusInd crisis an episode & not failure: RBI Guv

Reserve Bank Governor Sanjay Malhotra on Wednesday said that the cases of failure of cooperative banks in the last 7-8 years are very small compared to the overall size

PSBs share in loans rises sharply in FY25: Monetary Policy Report

State-owned lenders use SLR surplus for disbursements

Bank of India, UCO Bank cut lending rate in line with RBI's policy

Both public sector banks, in separate regulatory filings, said the rate revision has been done following the RBI's reduction in the short-term lending rate

RBI issues draft rules for gold loans to standardise norms across lenders

RBI said the policy will strengthen conduct-related aspects, with lending norms integrated into lenders' credit/risk management policies