Page 5 - Banking

RBI's 10% Tier-I cap on acquisition financing restrictive, say bankers

Experts suggest 30% equity contribution should include preference shares and convertible instruments

State Bank of India centralises trade finance operations at Kolkata hub

"The bank is reimagining its trade finance capabilities to meet the evolving needs of businesses across India and beyond," Setty said in a statement

BC network faces heat from qcom platforms as agents take up gig work

The business correspondent banking channel is facing attrition as agents are leaving over declining commissions, despite bringing in more new deposits than branches

Foreign investment in India's life insurance sector stands at 29%

The Irdai chairman has noted that the industry requires significantly more capital and that foreign investment alone cannot meet these needs

ICRA raises FY26 bank credit growth forecast on GST-led demand uptick

ICRA expects bank credit growth at 10.7-11.5% in FY26, aided by higher retail and MSME demand following GST rationalisation. Corporate lending remains muted, with ECL impact pegged below 1.5%

IndusInd Bank looks to claw back salary, bonuses of former top officials

This year, IndusInd Bank disclosed incorrect accounting on derivative trades that prompted a $230 million hit to its accounts and led to exit of former CEO Sumant Kathpalia and deputy CEO Arun Khurana

FinMin to meet PSB chiefs to review Q2 results, govt schemes' progress

This is the first meeting after Finance Minister Nirmala Sitharaman last week said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard

Margin squeeze takes a toll on banks' profit in Q2FY26, shows data

Hardening yields limit contribution from Treasury gains

No regulator should substitute boardroom judgement: RBI Governor Malhotra

Financial stability remains the 'North Star' for the central bank

Are banks still seeing a seasonality factor in deposits and credit?

The popular view is that the second half of the year sees a bump in credit on account of the festive and wedding seasons. We examine if the data backs up this perception

Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'

The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks

Govt to retain cap on voting rights for major bank shareholders: Report

The government is also planning to more than double the foreign-investment cap in state-owned lenders to 49%, Reuters reported last week

RBL Bank Q2 results: Profit up 16% to ₹160 cr, NII jumps 15% to Rs 424 cr

The private sector lender had recorded a net profit of ₹138 crore in the same quarter a year ago

PSU banks record 9% growth in profit to record ₹49,456 cr profit in Q2

Market leader SBI alone contributed 40 per cent to the total earnings of ₹49,456 crore, as per the published numbers on stock exchanges

Yono 2.0 likely to launch by end of December: SBI Chairman C S Setty

Aim to have 20 crore mobile banking customers

Bank privatisation won't hurt financial inclusion or national interest: FM

Finance Minister Nirmala Sitharaman said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned

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