Page 6 - Banking

FCNR (B) inflows to help replace costly bulk deposits, aid bank margins

Expected inflows could help narrow the credit-deposit gap

RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

The cooperative bank cannot grant or renew any loans and advances, make any investment, incur any liability, including borrowing of funds and acceptance of fresh deposits, the statement added

CBI files two chargesheets in Rs 657 cr IDFC First bank Haryana fraud cases

CBI files chargesheets in cases involving alleged siphoning of ₹657 crore from Haryana government and Chandigarh Smart City funds through fraudulent transactions

NBFC balance sheets may reach ₹93 trillion by FY28, says Brickwork Ratings

Brickwork Ratings expects NBFC balance sheets to expand to ₹92.9 trillion by FY28, while warning of rising stress in unsecured and rural credit segments

RBI's FCNR(B) scheme may help NRIs earn up to 27 per cent returns

Brokerages estimate leveraged FCNR(B) deposits could generate annual returns of up to 27 per cent for NRIs while helping banks attract $30-60 billion in fresh foreign currency inflows

High logistics costs, static interchange fees lead to ATM cash shortages

Stakeholders discuss how to break the logjam at ATMs

ICICI, Axis, BoB raise FCNR(B) deposit rates to 6% after RBI move

Lenders are raising FCNR(B) deposit rates following the RBI's special swap window, with some private banks offering rates above 6 per cent to attract NRI inflows

May bank credit grows over 17%, ninth straight month of double-digit growth

Bank credit growth accelerated to 17.44% in May, extending nine months of double-digit expansion amid strong demand from retail and corporate borrowers

Sebi pushes back merchant banker SBU and net worth norms deadlines

The deadline for merchant bankers to intimate Sebi regarding their categorisation as Category I or Category II merchant bankers has also been extended to March 31, 2027, from January 2, 2027

Indian banks look to foreign funding to tap RBI's new capital inflow push

The lenders sought clarity from the Reserve Bank of India if they can use a portion of deposits collected from non-resident Indians as collateral

Axis Bank matches peers with 6% FCNR(B) rate under RBI's spl deposit scheme

Axis Bank has increased FCNR(B) deposit rates by up to 305 basis points, joining several lenders seeking to attract foreign currency inflows under the RBI's special swap facility

Dollar draw: Domestic banks raise their FCNR (B) deposit rates sharply

Major lenders have increased FCNR(B) deposit rates after the RBI offered to absorb hedging costs, a move aimed at attracting foreign currency inflows from NRIs

Lower bad loans offer respite amid economic uncertainty, shows report

S&P Global Market Intelligence expects asset quality at major lenders to improve further, even as margins remain under pressure from changing interest-rate dynamics

RBI asks banks to assess AI risk gaps, draw action plan by June-end

RBI has directed banks to assess cyber risks from advanced AI models such as Claude Mythos and submit mitigation plans by June-end

HDFC Bank hikes lending rates by up to 10 bps across tenors from June 8

The maximum hike of 10 basis points was for loans having a maturity of two years to 8.55 per cent from the earlier 8.45 per cent

Bank of India launches Mumbai hub for partnership-led financing businesses

The Strategic Business Branch will house co-lending, pool buyouts, TReDS and supply chain finance operations under one roof to improve efficiency and risk oversight

RBI's bulk deposit proposal paves way for risk-based pricing by banks

Draft framework would allow lenders to align deposit rates with liquidity costs under LCR norms, improving pricing efficiency and balance-sheet management

Over 580 mn Jan Dhan accounts bring crores of Indian into banking system: FM

The Jan Dhan scheme has ensured that benefits under welfare schemes, low-cost insurance, and pensions reach without leakages, the Finance Minister's office said

Bandhan Bank opens 8 new branches across 4 states, expands network to 1,984

The bank said four of the new branches were opened in Karnataka, two in Delhi, and one each in Uttar Pradesh and Haryana, as part of its expansion strategy

DFS asks banks for details on ATM cash crunch as shortages raise alarms

The government has sought urgent feedback from banks on reported ATM cash replenishment issues amid concerns over cash availability and service disruptions