Page 3 - Banking Industry
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
 "Banking system credit grows 11.3% in October 31 fortnight: RBI data")
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
 "SBI aiming to modernise its core banking infrastructure in next 2 years")
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
 "Draft ECL framework: Banks plan to move RBI for lower Stage-II floor")
State-run banks target ₹9,000 crore from Tier-II bonds by December
Fundraising rush follows SBI's record Oct issue as yields soften
 "State-run banks target ₹9,000 crore from Tier-II bonds by December")
Margin squeeze takes a toll on banks' profit in Q2FY26, shows data
Hardening yields limit contribution from Treasury gains
 "Margin squeeze takes a toll on banks' profit in Q2FY26, shows data")
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
 "State Bank of India looks to maintain at least 15% CAR: Chairman C S Setty")
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
 "Despite digitisation, India will need more banks: DFS secy M Nagaraju")
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
 "Well placed to manage shift to ECL: Bank of Baroda chief Debadatta Chand")
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
 "Business correspondents driving financial inclusion may get their due")
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
 "BoB Q2 profit dips 8% to ₹4,809 cr as non-interest income declines")
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.
 "Sebi increases Bank Nifty stocks to 14 from 12, caps top stock's weight")
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
 "BS BFSI Summit: 'AI-powered devices, voice redefining digital banking'")
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
 "At least 2 Indian banks should be in global top 20, say PSB chiefs")
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
 "Reinvention, not overhaul, is key to evolution: Private bank chiefs")
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
 "BS BFSI Summit: SBI one of the largest spenders on tech, says C S Setty")
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
 "BFSI Summit: SFBs urge RBI to relax capital norms, shed 'small finance' tag")
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
 "BS BFSI Summit: Top experts from the finance world to share their insights")
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
 "Top minds to brainstorm at the three-day BS BFSI Insight Summit 2025")
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
 "TMB eyes 14-15% growth in advances, 12-13% in deposits this fiscal, says MD")
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
 "SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings")