Page 36 - Banking

Bank GNPAs fall to multi-decade low of 2.3% in March, may rise by FY27: RBI

It can be noted that dud assets have been one of the most challenging part for the banking system for a large part of the latter part of the previous decade

Bank credit growth slows to 4.9% during fortnight ended May 30: RBI

The RBI has released the data on sectoral deployment of bank credit for May 2025 collected from 41 select scheduled commercial banks

Credit growth may remain subdued despite 100 bps policy repo rate cut

Banks await reduction in CRR, and festival season loan demand

Rupam Roy elected general secy of All-India State Bank Officers' Federation

Several important resolutions were adopted to strengthen the Federation's role in protecting the interests of its members in general and the society at large

Ketan Kumar Joshi named J&K Bank CFO for 3-year term, replaces Fayaz Ganai

The Bank notified the appointment to the stock exchanges in accordance with Sebi Regulations

Finmin asks PSBs to monetise subsidiary stakes via listing on bourses

There are about 15 subsidiaries or joint ventures of PSBs lined up for initial public offering or divestment in medium to long term

FM Nirmala Sitharaman nudges public sector banks to push credit growth

After slipping to 12% in FY25, loans growth has fallen below 10%

Finance Minister urges PSU banks to boost credit growth, maintain profits

During a meeting to review financial performance of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said

Govt urges state-run banks to boost lending amid economic growth push

Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman

MSME credit top Rs 40 trillion as of March 2025, grows 20% annually

The increase has been primarily driven by strengthened priority sector lending (PSL) norms, targeted government initiatives, and increased digitalisation

BCs seek meeting with finance ministry to break deadlock over remuneration

Industry representatives for business correspondents point out that there is pressure from banks to raise deposits, despite the fact that the BC channel has already overtaken branches in doing so

CBI busts 850,000 mule accounts in 700 bank branches across five states

Nine individuals have been arrested so far, including middlemen, account holders, and bank correspondents, for their alleged involvement in the creation and operation of the mule accounts

Share of public sector banks in CD issuances rises to 69% in 2024: RBI

Public sector banks accounted for 69 per cent of CD issuances by Dec 2024, up from 6 per cent in 2022, with Q4 FY25 issuance reaching an all-time high of Rs 3.7 trillion

Banks need to further improve their customer service: DFS secretary

The bank launched cash flow-based digital lending products designed specifically for MSME customers, strengthening its support for the country's small businesses

PSBs' loan growth to outpace private banks in FY26: Fitch Ratings

PSBs' loans grew by 12.4 per cent while private peers lagged with 7.5 per cent in FY25

RBI relaxes PSL norms to help SFBs de-risk, diversify loan portfolio

RBI lowers PSL target to 60% for SFBs, unlocking Rs 40,000 crore for lending to secured segments such as LAP and personal loans and aiding transition to universal banks

Looking at double-digit growth for SME banking in India, says Xie Wen

I see that in India, manufacturing is certainly growing, and services continue to be a very important and big driver of the economy, says Wen

Central banks in Asia scale back currency intervention as dollar weakens

The greenback has plummeted against major currencies this year, suffering drops of around 10% against the euro and the Swiss franc

RBI, banks to launch DPIP platform to combat rising digital payment frauds

According to sources, the institutional structure of the proposed entity would be created with the help of both public sector and private sector lenders as fraud is a common monster

RBI fines Fino Payments Bank ₹29.6 lakh for licencing rule breach

The Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank was conducted by the RBI with reference to its financial position as of March 31, 2024