Banking
Credit card spending falls 5.9% in September, first decline since 2021
Spending drops 5.9% in Sep to Rs 2.04 trillion against a high year-ago base
 "Credit card spending falls 5.9% in September, first decline since 2021")
Fino Payments Bank posts ₹20.9 crore Q2 loss on margin compression
Fino Payments Bank reports a ₹34.6 crore loss in H1FY27 as revenue falls 25 per cent, while Q2 loan referral disbursals surge 286 per cent amid preparations for its SFB transition
 "Fino Payments Bank posts ₹20.9 crore Q2 loss on margin compression")
BFSI Insight Summit 2026: FCNR(B) not a short-term fix, say PSB chiefs
At the BFSI Insight Summit 2026, PSB chiefs said attractive yields, leverage and RBI support helped banks mobilise a record $127 billion in FCNR(B) deposits, easing funding pressure
 "BFSI Insight Summit 2026: FCNR(B) not a short-term fix, say PSB chiefs")
BFSI Insight Summit 2026: Universal banking is the goal, say SFB CEOs
SFB chiefs say financial inclusion remains incomplete amid ₹85 trillion in unmet credit demand, while a shift to universal banking could help expand services and ease deposit costs
 "BFSI Insight Summit 2026: Universal banking is the goal, say SFB CEOs")
Tokenisation can unlock hidden wealth, cut borrowing costs: Edul Patel, founder & CEO, Mudrex
Tokenisation could help Indians unlock the wealth tied up in assets such as gold and property by making ownership easier to verify, investments more accessible and borrowing against these assets
 "Tokenisation can unlock hidden wealth, cut borrowing costs: Edul Patel, founder & CEO, Mudrex")
Top bank chiefs urge shift from AI pilots to real-world use in banking
Indian banks need to move beyond experimenting with artificial intelligence (AI) and focus on implementing solutions that deliver measurable outcomes,
 "Top bank chiefs urge shift from AI pilots to real-world use in banking")
Top bank chiefs urge shift from AI pilots to real-world use in banking
At the Business Standard BFSI Insight Summit 2026, bank chiefs from IndusInd Bank, RBL Bank and IDFC First Bank discussed how AI can transform lending, improve productivity and customer experience
 "Top bank chiefs urge shift from AI pilots to real-world use in banking")
BFSI Summit 2026: Mapping India's financial future, next phase of growth
The three-day Business Standard BFSI Insight Summit begins in Mumbai on October 26, bringing together regulators and industry leaders to discuss banking, markets, AI and economic growth.
 "BFSI Summit 2026: Mapping India's financial future, next phase of growth")
Stage set for BFSI Insight Summit 2026: Banking, AI and growth in focus
India's financial leaders to discuss AI-driven banking, fintech innovation, financial inclusion and investment trends at Business Standard's BFSI Insight Summit 2026 in Mumbai
 "Stage set for BFSI Insight Summit 2026: Banking, AI and growth in focus")
AI helps Infosys' Finacle suite reduce friction in its sales process
Infosys Finacle is using AI to reduce sales process time by 60-70 per cent, while deploying multiple language models to improve banking efficiency and control costs
 "AI helps Infosys' Finacle suite reduce friction in its sales process")
RBI study fills four-month gap in state inflation data using survey inputs
Researchers used household perceptions, expectations and past data to estimate missing state-wise urban inflation, with refined figures closely tracking the all-India series
 "RBI study fills four-month gap in state inflation data using survey inputs")
RBI should widen LAF corridor to stabilise financial markets: SBI report
The SBI report favours an asymmetric widening of the LAF corridor, faster rate action and a shorter deadline for export proceeds as global uncertainty pressures markets
 "RBI should widen LAF corridor to stabilise financial markets: SBI report")
State-owned banks raise repo-linked lending rates by 25 bps after RBI move
Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers
 "State-owned banks raise repo-linked lending rates by 25 bps after RBI move")
Citi helps Indian companies raise nearly $16 billion so far in 2026
Citi has helped Indian companies raise nearly $16 billion through debt and equity markets in 2026 and advised on M&A transactions worth over $36 billion amid strong deal activity
 "Citi helps Indian companies raise nearly $16 billion so far in 2026")
Rate hike to widen banks' margins as EBLR-linked loans reprice faster
Deposit rates may rise with a lag, credit demand seen holding up
 "Rate hike to widen banks' margins as EBLR-linked loans reprice faster")
Surplus liquidity may not persist beyond FY27: RBI Governor Malhotra
Sanjay Malhotra says currency leakage and OMOs will absorb funds; calls CRR hike among least preferred tools for RBI
 "Surplus liquidity may not persist beyond FY27: RBI Governor Malhotra")
Banks likely to report treasury losses in Q2 as bond yields harden
The benchmark 10-year government bond yield hardened by 42 basis points during the quarter, while the five-year bond yield rose by 43 basis points to 6.85 per cent
 "Banks likely to report treasury losses in Q2 as bond yields harden")
HDFC Bank's succession settled, but Anup Bagchi faces execution test
Deposit mobilisation, loan growth, margin recovery and senior management continuity could emerge as key priorities for Anup Bagchi
 "HDFC Bank's succession settled, but Anup Bagchi faces execution test")
Irdai commission cap plan sparks concern among insurance brokers
Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution
 "Irdai commission cap plan sparks concern among insurance brokers")
Personal loan sanctions hit Rs 2.99 trillion in Q1FY27: FACE
Digital NBFCs sanctioned 3.4 crore loans worth Rs 64,656 crore during April-June 2026, with small-value borrowing keeping the average ticket size at around Rs 19,000
 "Personal loan sanctions hit Rs 2.99 trillion in Q1FY27: FACE")