Page 9 - Banking

Bank unions to go ahead with 3-day strike despite govt, management appeals

Unions will strike from September 28 to 30 after talks failed to resolve their demand for a five-day banking week; an indefinite strike is planned from October 26

FCNR(B) deluge leaves banks flush, corporate loan rates set to soften

Deposit growth hits 15-year high as FCNR(B) mobilisation; incremental credit-deposit ratio softens to 62.6%

Govt urges bank unions to call off strike, flags half-year closing impact

The finance ministry warned that the September 28-30 strike, combined with the preceding weekend, could effectively disrupt banking services for five consecutive days

PSBs see rate repricing as margin reprieve amid RBI rate hike expectations

High exposure to repo-linked RAM loans could help public sector banks reprice assets faster than deposits if the RBI raises rates

FinMin to meet bankers ahead of three-day staff strike next week

The finance ministry will meet chiefs of PSBs, RRBs, IBA and Nabard to review contingency plans ahead of the three-day nationwide bank strike from September 28

RBI governance reset puts spotlight on bank chairs, independent directors

Starting October 1, 2026, onboarding of independent directors, their accountability and remuneration may need a relook as RBI seeks more focused board engagement on strategy, risk and governance

FinMin calls PSB, RRB chiefs' meet on Monday to ensure services amid strike

Bank unions under UFBU had gone on nationwide strike on September 11 over their demand

Indian Bank to explore partners for insurance, mutual fund businesses

Indian Bank aims to enter the insurance and asset management spaces through joint ventures within 1.5 to 2 years, while launching wealth management services in H2

FCNR(B) may generate ₹5 trn notional profit for banks over 5 years: SBI

SBI Research estimates $127 billion in FCNR(B) deposits could support ₹25 trillion of additional bank credit and generate ₹5 trillion in notional profit over five years

MDR unlikely to trigger shift back to cash: RBI Deputy Governor S C Murmu

RBI Deputy Governor S C Murmu says MDR will help the payments ecosystem recover costs, while cash continues to retain a significant role as a store of value

Small retailers may pass on 0.4% UPI MDR, shift to bank transfers

Industry bodies say small retailers could seek to avoid the 0.4 per cent UPI MDR by shifting to bank transfers, splitting transactions or passing on the cost

UPI MDR wins payments industry support, but merchants fear higher costs

The 0.4 per cent charge on merchant UPI payments above Rs 2,000 could generate up to Rs 20,600 crore annually, but retailers and fuel dealers fear margin pressure and a possible shift towards cash

India housing prices rise 3.6% in Q1FY27, match year-ago pace

RBI's Housing Price Index rose 3.6 per cent in Q1FY27, with Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram recording the strongest gains

Cash-flow-based lending key to financing new-age industries: SBI MD

Banks need to develop new lending models, as emerging businesses may not have the traditional collateral required for bank finance, he said

Apple Pay eyes India rollout, starting with Axis Bank credit cards

The launch, starting ‌with a single major banking partner, would help the US company offer its payment service in the world's most populous country

In the age of UPI, cash still going strong as circulation growth picks up

Cash in circulation rises 12.5% as UPI grows, raising concerns that MDR could slow the shift to digital payments

Banks may soon hit infra exposure limits, need to recycle capital: NaBFID

Banks face imminent credit exposure limits for infra developers amid the growing need for infra investment, making it necessary to explore alternative structures and recycle bank capital, NaBFID Dy MD

Delhi merchants up in arms, say MDR on UPI could mark return to cash

New UPI charges on high-value merchant payments are raising concerns among Delhi retailers, with some considering a shift towards cash to protect margins

New MDR norms put netbanking back in play for Indian stockbrokers

UPI carries 0.02% MDR, capped at ₹300, while netbanking costs ₹8-12, negotiated between banks and payment service providers

MDR on UPI payments likely to unlock ₹15K-21K crore revenue pool

Brokerages expect banks to receive the largest share of the levy, while Paytm, Pine Labs and other fintechs could gain from higher transaction-linked revenue annually