Page 7 - Banking

Have enough currency stocks to replenish ATMs: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says the central bank has adequate currency stocks and will ensure prompt replenishment wherever ATMs face cash shortages

Proposal for polymer banknotes under consideration: RBI Governor Malhotra

RBI Governor says the central bank is assessing the merits and challenges of polymer banknotes even as cash usage and currency circulation continue to grow

RBI proposes revised deposit rate framework, tighter disclosure norms

RBI proposes new rules linking bulk deposit rates to liquidity norms and tighter disclosures, aiming to improve transparency in bank deposit pricing

MSME loan portfolio grows 12.8% Y-o-Y to Rs 46 trillion in April 2026

Outstanding MSME loans reached about Rs 46 trillion in April 2026, but portfolio growth and active loan additions slowed sharply as global uncertainty weighed on credit supply

ATM industry calls for cash-recycler interoperability as costs rise

ATM operators and manufacturers are urging banks to activate cash-recycler interoperability, saying it can improve efficiency and help reduce mounting cash logistics and operating costs

Differential deposit rates beyond RBI norms not acceptable: Sanjay Malhotra

RBI Governor Sanjay Malhotra says banks must remain transparent on deposit rates and cannot offer differential rates beyond categories permitted by the regulator

ATMs running out of cash, IBA alerted over service disruption risks

ATM loading may be hit, affecting DBT beneficiaries

BofA is hiring Avendus deal-maker Gupta for India role in post-Mizuho exit

Gupta, a managing director at Avendus, is set to join Bank of America after completing regulatory and contractual obligations

India's money-market turnover hits record as banks ramp up borrowing

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month

Banking resilience now hinges on adapting to new risks: DG Swaminathan

The RBI deputy governor said banks must prepare for emerging risks ranging from cyber threats and AI to geopolitical shocks and climate-related disruptions

SBI chief backs rate pause, says India's growth story goes beyond Sensex

C S Setty urges investors to focus on India's long-term structural transformation rather than short-term market movements

RBI denies reports of gold sale, says holdings remain unchanged

The physical stock of gold remained the same since April 03, 2026

Bank lending in India hits two-year high as firms favour loans over bonds

Credit growth expanded at 16.2 per cent in the year through May 15, the fastest clip since June 2024, according to the Reserve Bank of India data

Indian banks among Asia-Pacific's best-capitalised lenders: S&P data

For banks, a higher leverage ratio is generally a sign of stronger capitalisation, not higher risk

Soiled note disposal by RBI falls sharply in FY26 due to machine upgrades

The central bank disposed of 17 billion soiled and mutilated banknotes in FY26, down from 22.9 billion a year earlier, as replacement of shredding systems disrupted processing operations

Legacy cases lifted bank fraud to ₹48,021 cr in FY26: RBI annual report

Advances account for 85% of all frauds in banking industry in FY26, says regulator in annual report

Bank credit growth remains strong at 16.2% despite global uncertainties

Bank lending continued to outpace deposit growth in the fortnight ended May 15, with strong traction in NBFC, retail and industrial credit segments

Bakrid 2026: Check bank holiday dates state-wise for May 27, 28 in India

Bakri ID (Id-Uz-Zuha) bank holidays will be marked on May 27 and 28, depending on the state. Before planning transactions, customers should confirm the holiday schedules of their local banks

Physical banking to remain core to SBI strategy amid digital expansion

The comments come as SBI sharpens its 'Digital First, Customer First' strategy, with continued investments planned in technology, data analytics, AI, cybersecurity, and digital infrastructure

Union Bank approves ₹8,000 crore capital raise through debt, equity mix

In a BSE filing, Union Bank said the board has approved raising of debt capital through Basel III-compliant additional Tier 1 bonds and/or Tier 2 not exceeding ₹5,000 crore