Page 2 - Banking Industry

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

State Bank of India looks to maintain at least 15% CAR: Chairman C S Setty

Expects three Indian banks among top 10 global banks in terms m-cap by 2030

Despite digitisation, India will need more banks: DFS secy M Nagaraju

However, Nagaraju cautioned that the digital transition must be carefully managed to ensure that service quality and customer trust are not compromised

Well placed to manage shift to ECL: Bank of Baroda chief Debadatta Chand

Debadatta Chand says NIMs likely to rise by Q4; ECL norms to trim CAR by 75 bps over five years; lender eyes 25-30% growth in gold loans

Business correspondents driving financial inclusion may get their due

The National Institute of Bank Management (NIBM) has submitted its report; and stakeholders - banks, BCs and Mint Road - are expected to roll out revisions next year

BoB Q2 profit dips 8% to ₹4,809 cr as non-interest income declines

Bank of Baroda's net profit fell 8.2 per cent in Q2 FY26 to Rs 4,809 crore on lower recoveries; the lender made a Rs 400 crore floating provision ahead of the ECL transition

Sebi increases Bank Nifty stocks to 14 from 12, caps top stock's weight

As per the new rules, the index must include a minimum of 14 constituents, compared with the current 12, while the weight of the top constituent will be capped at 20% - down from 33% presently.

BS BFSI Summit: 'AI-powered devices, voice redefining digital banking'

AI is turning everyday payment devices into intelligent fintech tools, redefining banking, fraud detection, and customer interaction, experts said at the Business Standard BFSI Insight Summit

At least 2 Indian banks should be in global top 20, say PSB chiefs

Banks are more confident to manage the process of mergers and amalgamation in the banking sector on the back of very effective consolidation in PSB space amid COVID pandemic in 2020, said bankers

Reinvention, not overhaul, is key to evolution: Private bank chiefs

At Business Standard BFSI Insight Summit 2025, a session titled 'Is it time to revisit the banking model?' brought together top bankers to discuss how industry must adapt to this evolving landscape