Page 6 - Banking

Recovery for lenders from personal guarantors picks up: IBBI data

However, the dues recouped still remain minimal

NBFC body urges RBI to ease proposed curbs on revolving credit products

The industry body said forcing borrowers to take a full-term loan in advance could result in higher interest costs

July per-credit card spending slips 2.4% Y-o-Y, issuances outpace transaction

Average spending per card continues to face downward pressure as the pace of card issuance outpaces aggregate transaction volume growth

Ind-Ra raises FY27 credit growth forecast to 15%, flags margin pressure

Deposit growth is projected at 13.6 per cent, aided by FCNR(B) inflows, while higher credit costs and compressed spreads are expected to weigh on bank profitability

Bank of Baroda's debt raise tops $1 bn under RBI's concessional swap window

Earlier in the month, BoB ​had raised $400 million through three-year bonds at a 5.1140% ‌coupon and $300 million through five-year notes at a 5.3180% ​coupon

Smaller PSBs may partner larger peers to expand their credit card business

Proposals discussed at the PSB Confluence include co-branded cards, data-led customer acquisition, business cards for MSMEs and financial literacy before activation

Home loan portfolio to cross ₹10 trn milestone this quarter: SBI chairman

The country's largest lender had surpassed ₹9 trillion home loan portfolio during the last financial year

EAC-PM calls for bank consolidation without compromising market competition

India should make efforts to consolidate banks in such a manner that a few big banks of equal size would be created, without compromising market competition in the industry, the EAC-PM said

Banks vie for deposits to keep up with credit growth: EAC-PM paper

The credit-deposit growth gap widened to 5 per cent in July, prompting banks to rely more on certificates of deposit, money markets and domestic and overseas bonds

DFS urges RRBs to sustain performance, strengthen credit flow to last-mile

Department of Financial Services DFS Secretary Sanjay Lohiya on Tuesday urged Regional Rural Banks (RRBs) to sustain good financial performance and further strengthen credit flow to the last mile.

PSBs turn 'Banking for Youth' into an entry-level hiring pipeline

State-owned banks plan to use the MY Bharat portal to offer internships and training to young people and build a pipeline for recruitment into entry-level banking jobs

SBI flags 'chalk and cheese' divide in RBI's monetary policy signals

SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates

Gold loan portfolio to surpass ₹1.5 trillion by FY27 end: Indian Bank MD

Currently, the gold loan portfolio is around ₹1.25 trillion, and the book should exceed ₹1.5 trillion during this financial year at the anticipated growth rate, he said

RBI swap window boosts deposits, but may trim bank NIMs by 3-15 bps

Banks have already mobilised $52.3 billion under RBI's concessional swap window, helping deposit growth and LDRs, but analysts expect NIM dilution of 3-15 basis points

India's credit footprint expands as new states emerge as growth centres

Credit growth is shifting from traditional strongholds such as Tamil Nadu and Maharashtra towards Uttar Pradesh, Bihar and Madhya Pradesh, but penetration still trails developed markets

Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and ‌state insurer Life Insurance Corp of India, is in its final stages

Citi, HSBC, StanChart adopt Ant International's AI tool for liquidity risks

Ant International, an ‌overseas affiliate of the Jack Ma-founded Chinese ‌fintech firm Ant Group, raised $1.2 billion last month in its latest equity fundraising as it seeks to expand.

RBI's VRRR auctions draw ₹1.91 trn bids; ₹1.5 trn auction on Friday

Strong bank demand at RBI's VRRR auctions highlights surplus liquidity in the system, as the central bank seeks to keep overnight rates aligned with its 5.25% repo rate

HDFC Bank taps dollar bond market again, eyes $1 bn overseas debt raise

India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising

RBI's swap window: Indian lenders' bond rush nets over $3 bn in 10 days

So far in 2026, Indian lenders have raised a record of over $10 billion through US dollar bonds, with more issuances expected as the RBI's concessional swap window remains open