Page 9 - Banking

Travel, insurance emerge as biggest spends of Indian households in CY25

On the other hand, Education, media and entertainment, and e-commerce together account for only a modest slice of household budgets

Business correspondents seek grant, equity funds for capacity building

The Business Correspondent Resource Council has sought the setting up of infrastructure and equity funds to strengthen last-mile banking, citing NSFI goals and RBI findings

Cautious confidence: Amid uncertainty, banks seek to steer with stability

Even as banks boast healthy books, concerns remain across the financial landscape. Raghu Mohan and Abhijit Lele explain why work is not yet complete

Monthly average ticket size of ATM withdrawals increased 4.5% in CY25

ATM cash withdrawals rise in 2025 as average ticket size grows 4.5% to ₹5,835, with semi-urban and rural areas leading consumption demand

RBI proposes disaster relief framework for banks, seeks feedback

The ‍proposed rules will kick in from April 1. The central bank ‍has ‍sought feedback from ‌stakeholders and public until February 17

Banking operations hit as unions go on nationwide strike for 5-day week

Most branches of public sector banks across the country were either completely closed or partially closed as both employees and officers were observing Tuesday's strike

Bank holiday today: Are SBI, BOB, Canara Bank and others closed?

Is bank holiday today: The United Forum of Bank Unions (UFBU) has called an all-India bank strike today, January 27, which may disrupt services at public sector banks such as SBI and PNB

DFS seeks states' support to ensure banking ops during Jan 27 bank strike

The DFS said banks have conveyed that ATMs are being adequately loaded with sufficient cash, and arrangements have been made to ensure timely replenishment

Banking ops to be hit on Tuesday as unions strike for 5-day work week

With banks remaining closed on January 25 (Sun) and January 26 (Republic Day), the strike on Tuesday will result in a disruption of branch-level services for three consecutive days

Value of CDs climbs to ₹5.75 trillion, rates cross 7% for marquee banks

Deposit tightness has pushed certificate of deposit outstanding to a record ₹5.75 trillion, with marquee banks raising one-year funds at over 7%

Directors' cut: Bank board reform hangs in balance amid governance rethink

As the banking landscape grows more complex, board oversight requires urgent finetuning. Expect Mint Road to tighten governance frameworks

Kotak Mahindra Bank consol Q3 net profit up 5% YoY to ₹4,924 crore

The bank reported marginally higher provisions in Q3 at ₹810 crore, up 2 per cent YoY. However, sequentially, provisions of the lender was down 15 per cent

A fresh transaction: Visa readies India swipe of debit-cum-credit card

Visa plans to bring its dual debit-credit card to India, letting users switch funding sources via a single 16-digit credential, after strong success in Japan

RBI to infuse ₹1.25 trillion; $10 billion dollar-rupee buy-sell swap

OMOs will involve the purchase of Government of India securities worth ₹1 trillion in two tranches of ₹50,000 crore each on February 5 and February 12

Arijit Basu: The veteran SBI banker who will now chair IndusInd Bank

Arijit Basu quits HDB Financial Services and is appointed part-time chairman of IndusInd Bank, replacing Sunil Mehta, who demits office at end of his term

Axis Bank puts Axis Finance stake sale on hold after RBI eases rules

Axis Bank has paused plans to sell a stake in its consumer lending arm, Axis Finance, after the RBI eased proposed curbs on overlapping bank and subsidiary businesses

Banks raise Rs 89.5k crore via CDs in December fortnight, rates surge

Banks raised Rs 88,512 crore through certificates of deposit in the last fortnight of December as deposit growth lagged credit growth, pushing short-term borrowing rates above 7 per cent

Retail credit portfolio led by 31-40 age group, shows CRIF High Mark report

CRIF High Mark's Credit Insight Report 2026 shows borrowers aged 31-40 dominate portfolio value, while younger borrowers account for higher early-stage delinquencies in retail credit

UFBU unmoved on five-day week demand; January 27 bank strike to go ahead

The unions said that even during an earlier conciliation held on March 21, 2025, they were assured that the matter was under serious consideration, but no decision has been communicated till date

Bank unions to go on strike on Jan 27, say govt delaying five-day work week

800,000 employees to observe one-day protest, want all Saturdays to be made bank holidays