Page 4 - Banking

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

Reinvention continuous process that banks are adopting well: Top bankers

The bankers highlighted that lenders must stay agile and continuously reinvent themselves to stay relevant in a rapidly changing environment

Banks, capital markets to drive India's next growth phase, says KV Kamath

At the Business Standard BFSI Insight Summit 2025, Non-Executive Chairman of Jio Financial Services KV Kamath said country's financial ecosystem has evolved to give consumers greater choice

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

RBI denies approval for Dia Vikas Capital's 5% stake purchase in ESAF SFB

The central bank has refused approval for Dia Vikas Capital's proposed 5% stake purchase, prompting ESAF SFB's board to review its promoter scheme and next steps

SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings

Crisil Ratings expects non-microfinance segments like housing, MSME and vehicle loans to drive 16-17% growth in small finance banks' advances this fiscal

HDFC Bank puts 2 senior bankers on leave amid Credit Suisse bond probe

Some HDFC customers have claimed they were not properly informed about the high-risk nature of the bonds, though the lender has maintained it complied with all applicable laws

RBI returns Jana SFB's application seeking universal banking licence

Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.

VFS Capital withdraws small finance bank licence application: RBI

The NBFC-MFI, which reported a 117% rise in profit in FY25, has withdrawn its SFB licence application filed under RBI's on-tap licensing framework

Govt plans to hike foreign investment cap in PSBs to 49%, says report

India has 12 government-owned banks, with combined assets of 171 trillion rupees ($1.95 trillion) as of March that account for 55% of the banking sector

CBDC adoption may take 2-3 years as banks struggle with tech, incentives

CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee

FSIB invites application for Canara MD & CEO a week after notification

FSIB reopens applications for Canara Bank's top post a week after the Centre allowed private sector professionals to compete for PSU bank MD & CEO positions

Size Matters: What will it take for India PSBs to break into Global Top 20?

With a rank of 43, the State Bank of India (SBI) is currently the only Indian public sector lender in the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets

Private banks reduce lending rates more than PSBs in current cycle

Following the RBI's 100-bps policy rate cut, private banks showed faster transmission to lending rates, while PSBs led in passing on deposit rate reductions

UCO Bank to add another 150 branches by March to expand business

Currently, the Kolkata-based lender has 3,322 branches across the country and with the addition of 150 branches, the network would rise to 3,472 by the end of the current financial year

Large pvt banks see green shoots, expect credit demand revival in H2FY26

Attribute this to fiscal, monetary measures

Are banks closed on October 20 and 21 for Diwali? Check state-wise dates

Diwali 2025 bank holidays vary across states. Some will observe closures on October 20, others on October 21. Sikkim gets four holidays, Chhattisgarh three, Maharashtra, Gujarat, and UP two days each

ECL framework to improve banks' overall credit culture: Indian Bank CEO

We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar

Global banks bet billions on deals in India amid US credit jitters

Foreign investors are pouring billions into Indian banks, betting on the country's growth and stability even as global peers grapple with credit losses, trade tensions, and rising financial risks