Page 2 - Banking Industry

Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

Three top executives resign from Axis Bank as lender rejigs leadership

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned

StanChart shuts 20 India branches, sharpens focus on wealth management

The development comes as the British lender is turning its focus toward advisory-led services like wealth management

IndusInd Bank loan book grew in Q1, a first since accounting lapse

Public sector lenders Union Bank of India, Central Bank of India and Canara Bank posted double-digit growth in advances in April-June of FY27

ToneTag unveils AI banking assistant for millions of small merchants

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

Kotak Bank to buy Deutsche Bank's India retail, wealth biz for ₹282 cr

Approximately 1,000 Deutsche Bank employees in India are expected to join Kotak Mahindra Bank as part of this transaction

From banks, risks to shocks: What RBI's financial stability report says

Banks remain safe and sound, supported by strong capital, continued improvement in asset quality, and stable profitability, says the RBI's Financial Stability Report

HDFC Bank may pick new chairman before deciding on CEO extension

MD & CEO Sashidhar Jagdishan's tenure ends this October

Banks raise ₹1 trillion through CDs in June as deposit growth lags

Certificate of deposit issuances crossed Rs 1 trillion in the fortnight ended June 15 as banks sought funding amid a widening gap between credit and deposit growth

'Indian financial firms to tap $1.5 billion overseas bonds this week'

India's top private lender, HDFC Bank, sold $750 million of five-year dollar bonds last week at a spread of about 90 basis points over US Treasuries

Banking system liquidity surplus at lowest in FY27 on advanced tax outflows

Liquidity surplus fell to Rs 23,881 crore from Rs 1.5 trillion a day earlier as advance tax payments drained funds from the banking system

RBI injects ₹81,590 cr liquidity into banking system via VRR auction

The Reserve Bank of India (RBI) on Friday injected Rs 81,590 crore transient liquidity into the banking system through a three-day variable rate repo (VRR) auction. Transient liquidity is temporary cash flow fluctuations in a financial or banking system, while a Variable Rate Repo (VRR) auction is a monetary tool used by the RBI to inject short-term liquidity into the banking system. In a release the RBI said the funds were infused at a 5.26 per cent cut-off rate. The demand for funds still remained lower than the notified amount of Rs 1 lakh crore despite the sharp drop in liquidity surplus in the banking system. However, in comparison with the previous auction conducted on May 21, the demand is higher from banks in Friday's auction. Currently, the liquidity in the banking system is estimated to be in surplus of around Rs 58,876.29 crore as on May 21, as compared to Rs 1.51 lakh crore as on May 20. The tightness in the liquidity surplus has led to a sharp uptick in the overnight

RBI proposes revised capital adequacy disclosure norms for banks

Draft norms aim to align Indian banks with Basel Pillar 3 requirements and improve transparency, comparability, and market discipline

Axis Bank plans 500 new branches, targets presence in 700 districts in FY27

Axis Bank plans to strengthen its national footprint through 500 new branches, focusing on rural expansion, digital banking, and key customer segments

Bank valuations slump despite stronger corporate earnings growth

The valuation discount of banking stocks relative to the broader market has widened despite the sector remaining one of the key drivers of corporate earnings in the country in recent years

Will no longer be dependent on growth only via gold loans: CSB Bank MD, CEO

CSB Bank expects balanced growth across retail, SME, wholesale and gold loans as it enters the scale phase of its SBS 2030 transformation plan

Missing the woods for the trees? Why bank boards need a governance reset

For years, many bank boards drifted into operational minutiae-approving individual loans, vetting vendors, weighing in on promotions of executives - instead of setting up policies

Criminal breach of trust case against ex-Yes Bank CEO Rana Kapoor, others

Mumbai Police have registered an FIR against former Yes Bank MD and CEO Rana Kapoor and others for alleged illegal transfer of mortgaged property worth Rs 1,000 crore, an official said on Friday. The bank transferred a loan of Rs 150 crore to an asset reconstruction company without classifying it as a Non-Performing Asset, the complainant alleged. The First Information Report was registered at Worli police station against Kapoor, Sudhir Walia, and other bank officials on a complaint filed by Lakhminder Dayal Singh, associated with Saffair Land Development, a sister concern of HDIL. As per the FIR, another HDIL group company, Privilege Power and Infrastructure, had taken a loan of Rs 300 crore from the Worli branch of Yes Bank in 2015. Due to a financial crisis, Saffair Land Development sought a loan of Rs 150 crore, which was sanctioned by the bank in 2016. Properties valued at Rs 1,000 crore of HDIL and its group companies were mortgaged with the bank for securing the loan, which

'Total ECL-related provisioning requirement around ₹10,000 crore'

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

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