Banking

Axis Bank scales AI deployment across operations: MD & CEO Amitabh Chaudhry

Axis Bank scales up AI deployment across operations, customer service and risk functions, targeting wider automation and productivity gains by FY27

Pvt life insurers rekindle agency networks amid scrutiny over bancassurance

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny

A quiet exodus: Why young bankers are walking out of public sector banks

Young officers are quietly leaving public sector banks as career bottlenecks, transfers and shrinking growth opportunities erode the appeal of banking careers

Low-cost AI models are fuelling India's growing deepfake fraud threat

Customised applications built on open-source AI models are enabling sophisticated deepfake frauds at lower costs, raising concerns across banking, fintech and digital platforms

AI is changing banking: Here's why RBI wants banks to be careful | Mythos AI | Cybersecurity

Why has the RBI asked banks to prepare for AI-powered cyber threats? The regulator has warned banks to assess risks linked to advanced frontier AI models and strengthen their cybersecurity systems.

Centre reappoints RBI Deputy Governor Swaminathan J. for 2 years

The Centre has extended the tenure of RBI Deputy Governor Swaminathan J. by two years from June 26, 2026, following his first term at the central bank

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

The new cybersecurity imperative

Safety must match digital scale in banking to maintain trust

Fault lines are deepening in ATM business as operational issues mount

Rising wage and logistics costs are exposing long-standing stress points in India's ATM ecosystem, prompting calls for a rethink of interchange fees

BC body pitches for IBA-led reforms for fast-growing banking channel

BCRC has sought an IBA standing committee to address BC remuneration, penalties, grievance redressal, and customer service standards under the RBI's draft framework

DFS secy holds workshop on overhauled IBC rules for banking sector

Workshop focused on amended IBC provisions, including group insolvency and cross-border resolution frameworks for stressed assets

Gunveer Singh elevated as RBI Executive Director with effect from May 18

The Reserve Bank of India has elevated Gunveer Singh as Executive Director to oversee the Department of Payment and Settlement Systems

Emirates NBD gets approvals for majority stake acquisition in RBL Bank

Emirates NBD has secured all approvals for its proposed majority stake acquisition in RBL Bank, marking one of India's largest cross-border banking deals

PSBs' net profit rises 11% to all-time high ₹1.98 lakh cr in FY26: FinMin

Public Sector Banks (PSBs) have recorded an all-time high net profit of Rs 1.98 lakh crore in 2025-26 fiscal year, marking the fourth straight year of profitability, the finance ministry said on Tuesday. Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said. Aggregate operating profit reached Rs 3.21 lakh crore, while aggregate net profit increased by 11.1 per cent y-o-y to a historic high of Rs 1.98 lakh crore, marking the fourth consecutive year of aggregate profitability for PSBs. The aggregate business of PSBs increased to Rs 283.3 lakh crore as on March 31, 2026, registering growth of 12.8 per cent over the previous year. Aggregate deposits rose 10.6 per cent year-on-year to Rs 156.3 lakh crore, reflecting continued depositor confidence and strong resource mobilisation by PSBs. Gross advances registered growth of 15.7 per cent year-on-year at Rs 127 lakh crore, indicating sustained cr

Canara Bank's Q4FY26 results: PAT declines 9.9% due to bond losses

State-owned lender sees sharp fall in treasury gains amid hardening bond yields; asset quality and retail loan growth remain strong

Indian banks well placed to transition to ECL provisioning: Fitch

The ratings agency expects the banking ‌system's average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28

Light-touch supervision may mask risks, warns RBI's Swaminathan J

RBI Deputy Governor Swaminathan J cautions that weak supervision may fuel short-term growth but conceal risks, with long-term costs borne by depositors, taxpayers, and the broader economy

Public sector banks to scale up IT spend amid Anthropic Mythos cyber threat

Public sector banks are bracing up to increase IT spending in order to secure their systems, safeguard customer data, and protect monetary resources amid global concerns over Anthropic's Claude Mythos AI tool and its potential implications for financial data security. Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. In view of this new challenge, banks have to definitely increase their investments in IT to make their system more robust and reduce vulnerabilities with regard to cyber attacks, Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. He said the bank is going to increase its IT spending this financial year to meet the challenges posed by new technology. Besides, UCO Bank MD and CEO Ashwani Kumar said the bank's IT spending is going to be higher than last financial year, and a major part would go towards ...

RBI eases risk-weight trigger for unrated big-ticket loans, tweaks norms

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

Credit growth outpaces deposit mobilisation in FY26 despite easing

Bank credit growth continued to exceed deposit mobilisation in FY26, highlighting persistent funding pressures for lenders despite a year-on-year improvement in both metrics