Page 8 - Banking

Visa's Pismo platform expands footprint in 'priority market' India

The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27

Bank strike deferred: Are banks open today? Here's what you need to know

Banks will remain open from September 28 to 30 after the UFBU deferred its three-day strike following talks with the IBA on five-day banking, the PLI scheme and other pending issues

Bank holidays in October 2026: Check state-wise RBI holiday list of 11 days

Banks in India will be closed for many days in Oct 2026, including national and regional holidays. The RBI's holiday calendar marks numerous non-working days affecting banks state-wise

Bank unions defer 3-day nationwide strike following assurance from IBA

IBA and UFBU will form a high-level committee to deliberate on declaring the remaining Saturdays as bank holidays and explore alternatives acceptable to stakeholders

Building investor trust: Key task at hand for new HDFC MD and CEO

The new chief will need to revive retail and deposit growth, rebuild CASA, improve margins and strengthen investor communication after years of stock underperformance

Digital first, customer first, nation always SBI's growth mantra: Chairman

Setty said the bank's focus over the past two years has been on strengthening its capital base, deepening its role in the financial sector and building a more digital, customer-centric banking model

Banks may rejig insurance sales as Irdai proposes sharp commission cuts

Banks could favour long-term products that offer better commissions, while seeking to offset lower payouts elsewhere through higher volumes

IBBI extends deadline to flag personal guarantor cases until year-end

Deadline for filing personal guarantor insolvency forms extended to December 31; penalties for delays to apply thereafter

PSU banks waive ATM charges for customers during three-day bank strike

Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday

MFIs to seek higher household income threshold for microfinance borrowers

To widen borrower eligibility, the microfinance industry wants the household income threshold increased to Rs 300,000 per annum to adjust for inflation in the past five years since it was last hiked.

Credit card spends growth slows to 5.5% in August; SBI Cards share dips

Industry credit card spending growth eased to 5.5 per cent in August from 7.1 per cent in July, while SBI Cards' share of spends fell to 17.5 per cent.

Govt evaluating financial bids for strategic stake sale in IDBI Bank

In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank

FCNR(B) funds find a runway ahead of festival season-led credit demand

RBI Deputy Governor Rohit Jain said banks have an opportunity to deploy FCNR(B) liquidity in the coming months, while maintaining healthy credit standards

Trade bodies call for 'No UPI Day' on October 2 to protest MDR levy

Business associations plan a No UPI Day on October 2 to protest the 0.4 per cent merchant discount rate set to apply to UPI merchant payments above Rs 2,000 from October 15

Three-day PSU bank strike may dent life insurers' September sales by 10-15%

A three-day public sector bank strike at the end of September could reduce life insurers' business through the bancassurance channel by 10-15 per cent, industry officials say

PSBs to remain open on Sunday ahead of three-day nationwide bank strike

RBI has approved opening of all bank branches, offices, ATM-linked branches and currency chests on September 27 to prevent a potential five-day disruption

Financial sector has reinforced growth momentum: SBI Chairman C S Setty

SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of growth

Yes Bank mobilises $2 billion via FCNR(B) deposits under RBI swap window

Private sector lender is likely to use the funds to replace high-cost deposits and support incremental lending, with most raised in three- and five-year buckets

Merchant bankers must maintain 'Lakshman Rekha' with clients: SAT chief

Justice PS Dinesh Kumar says merchant bankers must maintain professional distance, conduct proper due diligence and advise clients within the framework of law

Banks to remain open on Sunday ahead of proposed 3-day strike from Sep 28

The UFBU, which claims to represent 90 per cent of the banking workforce, is set to go on a three-day strike beginning September 28, primarily seeking a 5-day banking week, among other demands