Page 2 - Banking Industry

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

BS BFSI Summit: SBI one of the largest spenders on tech, says C S Setty

At BS BFSI Summit 2025, Setty discussed the slowdown in credit growth, the RBI's reforms, and the potential impact of allowing private sector professionals into public-sector banks

BFSI Summit: SFBs urge RBI to relax capital norms, shed 'small finance' tag

Chief executives of Small Finance Banks welcome move to allow them to transition to universal banks, but ask for glide path to lower capital adequacy norms vis-a-vis large banks

BS BFSI Summit: Top experts from the finance world to share their insights

The summit's broad focus is charting the future of the financial services industry at a critical economic juncture

Top minds to brainstorm at the three-day BS BFSI Insight Summit 2025

After strong push by govt and RBI, discussions to further enhance India's growth amid global woes

TMB eyes 14-15% growth in advances, 12-13% in deposits this fiscal, says MD

Tamilnad Mercantile Bank posts record Rs 318 crore Q2 profit and targets 14-15% loan growth in FY26, buoyed by strong asset quality and branch expansion plans

SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings

Crisil Ratings expects non-microfinance segments like housing, MSME and vehicle loans to drive 16-17% growth in small finance banks' advances this fiscal

Cut in earnings expectations, valuations to cap upside in SBI Card

Festive expenses and weaker margins weighed on earnings, even as GNPA ratios eased and spending momentum stayed strong

Jio Payments Bank updates its website domain as per RBI guidelines

The payments bank's new official domain, jiopayments.bank.in, replaces jiobank.in as part of RBI compliance and enhanced digital security framework

Zarin Daruwala appointed group CEO of PL Capital, effective October 13

Daruwala, who brings more than 35 years of experience in banking and financial services, will steer the broking firm's next phase of expansion across institutional equities

J&K Bank sees margins gradually improve if rates hold steady: MD & CEO

MD & CEO Amitava Chatterjee says half of J&K Bank's loan book will come from branches outside the Union Territory within two years, as the lender diversifies after recent disruptions

SFBs boost secured lending as they move towards universal bank status

AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks