Banking Industry

Russia's Gazprombank, Alfa Bank seek RBI approval to set up India branches

US President Donald Trump has piled pressure on New Delhi over its ties with Moscow as India and Russia aim for bilateral trade of $100 billion by 2030, from $69 billion currently

RBI defers credit information reporting norms for CICs to July 1, 2026

RBI pushed the amended credit information reporting directions to July 1, 2026 and eased reporting requirements after feedback, while also clarifying rules for BSBD accounts

Bank of Maharashtra OFS oversubscribed, govt mops up ₹2,492 crore

With the oversubscription of the offer-for-sale (OFS) of state-owned Bank of Maharashtra, the government is expected to realise about Rs 2,492 crore by diluting its 6 per cent stake in the bank. With the allotment of shares, the Pune-based lender would become Minimum Public Shareholding compliant with the Sebi norms. The OFS of Bank of Maharashtra closed for subscription Wednesday at a floor price of Rs 54 per share. At this price, the government would mop up about Rs 2,492 crore by divesting its 6 per cent stake in the lender. Prior to the OFS, the government's holding in the bank was 79.60 per cent. With the stake dilution to 73.6 per cent, the bank would be able to meet the MPS norm of 25 per cent as the government stake would come below 75 per cent. "The second day of Bank of Maharashtra OFS closed with good interest from investors and 1.72 times subscription. With this, the Bank is now Minimum Public Shareholding compliant. We thank all investors for their participation," ...

Consensus seems to be pause by RBI's MPC, says SBI chairman C S Setty

C S Setty says effective liability management will help the bank to protect its margin above 3%

RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues

Complaints under the RBI's Integrated Ombudsman Scheme grew to 1.33 million in FY25, driven by grievances over loans, credit cards and mobile banking

Govt blocks 87 illegal loan lending applications after due process

The government on Monday said a total of 87 illegal loan lending applications have been blocked after following the due process. "Ministry of Electronics and Information Technology (MeitY) is empowered to issue blocking directions to block the Information for public access under section 69A of the Information Technology Act 2000. "So far, after following the due process, MeitY has blocked a total of 87 illegal loan lending applications under section 69A of the Information Technology Act 2000," Minister of State for Corporate Affairs Harsh Malhotra informed Lok Sabha on Monday. In a written reply, he also said that regulatory action for inquiry, inspection of books of accounts and investigation under the Companies Act, 2013 is taken from time to time against companies, including the ones indulged in online lending activities through loan apps. "Whenever any violation under the Companies Act, 2013 is found on the basis of the above, an appropriate legal action is taken," he said. Th

RBI imposes ₹91 lakh penalty on HDFC Bank for violation of norms

The bank had also outsourced the function of determining compliance with KYC norms of certain customers to its outsourcing agents

AU Small Finance Bank strengthens board with 2 new independent directors

The bank has appointed N S Venkatesh and Satyajit Dwivedi as non-executive independent directors for a three-year term, and reappointed Malini Thadani for a second three-year term

RBL Bank, Emirates NBD leaderships chart out post-investment road map

The transaction is to be executed through a primary infusion of roughly $3 billion, or ₹26,850 crore, and the proposed investment is to be made via a preferential issue of up to 60% in RBL Bank

PSU banks capture 50% of home loan originations, surpassing private rivals

Public sector banks have expanded their market share in the competitive home loan market to 50 per cent of total originations by value in September, a report said on Monday. The state-run banks have overtaken private sector banks in the market, the report by a credit information company said. Nearly 40 per cent of the overall home loans were in the higher bracket of over Rs 75 lakh, Crif High Mark said, adding that the number of active loans added by just 3.3 per cent to 2.29 crore, which indicates an increase in average exposure per loan. The overall home loan market, the largest in the retail segment, grew by 11.1 per cent year-on-year and 2.1 per cent quarter-on-quarter to Rs 42.1 lakh crore as of September-end, it said. There was a 15.3 per cent increase in the overall consumption loans side to Rs 109.6 lakh crore, the report said, adding that a fast-paced growth in the gold segment led the segment. "PSU banks have expanded their market leadership in both value and reach, and

Banks, state firms plan $3.5 bn in bond sales before GDP data, MPC meet

India's GDP data for the July-September quarter is scheduled for Friday and the monetary policy decision will follow on December 5

Banks raised ₹55K crore through CDs in fortnight ended November 14

Outstanding certificate of deposits touch an all-time high of Rs 5.34 trillion

Banks' good run on, but there are challenges despite profit growth

As a group, the PSBs showed better growth both in advances and deposits compared with their private peers. Will they be able to keep the momentum going and grow their market share?

Canara Bank to raise ₹3,500 crore via AT-1 bonds in FY's first issue

Canara Bank is set to raise up to Rs 3,500 crore through AT-1 bonds on November 25, likely the first such issue of the financial year, as falling yields revive activity in the domestic debt market

State Bank of India centralises trade finance operations at Kolkata hub

State Bank of India is reinforcing its trade finance operations through a centralised digital hub for the east and northeast, aiming to expedite processing, bolster compliance, and enhance customer experience, the state-owned lender said. During a visit to the Global Trade Finance Centre (GTFC) in Kolkata, Chairman C S Setty said on Saturday stated that it is a strategic move to handle trade finance and international banking transactions for the bank's branches across eastern and northeastern India. "The bank is reimagining its trade finance capabilities to meet the evolving needs of businesses across India and beyond," Setty said in a statement. "Combining cutting-edge technology with deep domain expertise, we aim to set new benchmarks in speed, security and customer experience," he said. The GTFC, which features over 300 skilled professionals, is driving SBI's transition from paper-based to digital processes, officials said. The bank is leveraging technologies like artificial ..

Banking system credit grows 11.3% in October 31 fortnight: RBI data

According to the data, banking system credit stood at Rs 193.9 trillion, while deposits stood at Rs 241.7 trillion during this period

SBI aiming to modernise its core banking infrastructure in next 2 years

India's largest lender is overhauling its IT backbone for agility, scale, and AI-led efficiency

Draft ECL framework: Banks plan to move RBI for lower Stage-II floor

Banks are planning to make a representation to the regulator shortly. The deadline for submitting feedback on the draft ECL framework is November 30

State-run banks target ₹9,000 crore from Tier-II bonds by December

Fundraising rush follows SBI's record Oct issue as yields soften

Margin squeeze takes a toll on banks' profit in Q2FY26, shows data

Hardening yields limit contribution from Treasury gains