Page 5 - Banking Industry

Rebuilding trust: Banks no longer 'deaf' to unclaimed depositors' voice

Initiative should not only be seen as a financial project but a way to build citizens' trust in the banking system

Bank of Baroda slashes car loan, LAP rates ahead of festive season

Bank of Baroda reduces car loan rates to 8.15% and loan against property rates to 9.15%, effective immediately, as part of festive season offers linked to borrower profiles

India Inc meeting capex need with own cash, says SBI chief C S Setty

SBI Chairman CS Setty said India Inc is funding capex through cash reserves of Rs 13.5 trillion, leading to weak loan demand; IBA to seek RBI nod for bank financing of M&A deals

SBI asks regulator to allow banking industry to finance acquisitions

SBI Chairman also urged the private sector to commence investment for capacity expansion, as the government has already taken several steps to boost consumption

Veteran banker Rajiv Anand takes charge as CEO of crisis-hit IndusInd Bank

Anand, whose appointment was announced earlier this month, was previously deputy managing director at Axis Bank and held key management positions at leading global financial institutions

Banks draw up plans to help exporters navigate 50% Trump tariff threat

The 50 per cent tariffs, which come into effect from August 27, have prompted officials to take proactive measures to mitigate the impact, said senior bankers

SMBC gets approval from RBI to acquire up to 25% stakes in Yes Bank

Will not be categorised as promoter, RBI clarified

The Karnataka Bank saga: A clash of egos and cultures in old private banks

Karnataka Bank was founded by a group of agriculturists, lawyers and businessmen, led by BR Vysaray Achar, to promote economic development in the South Canara region. It has no identified promoter

RBI's revised co-lending norms likely to boost NBFC growth: Crisil

The revised norms allow Direct Lending Guarantees across loan types and reduce the minimum loan retention threshold for NBFCs to 10%, says Crisil

Banks to clear cheques within few hours from October 4, says RBI

The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours. The clearing cycle will be reduced from the present T+1 days to a few hours. Cheque Truncation System (CTS) currently processes cheques with a clearing cycle of up to two working days. To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with 'on-realisation-settlement'. The Reserve Bank of India (RBI) has issued a circular for introduction of Continuous Clearing and Settlement on Realisation in CTS. "It has been decided to transition CTS to continuous clearing and settlement on realisation in two phases. Phase 1 shal

Focused on maintaining low-cost funding profile, says ICICI chairman

ICICI Bank will continue to prioritise a stable, granular, and low-cost funding profile alongside governance, digital growth, and customer-centric strategies for sustainable progress

Bond windfall cushions NII strain for PSBs as margins shrink on rate cuts

Public sector banks saw Q1 FY26 profit rise 10.6% YoY on treasury gains and lower provisions, while NII was flat as lenders passed on policy rate cuts to customers

VinFast Auto India, HDFC Bank partner for auto, inventory financing

VinFast Auto India on Monday said it has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. The two partners have signed a Memorandum of Understanding (MoU) for the same, the company, a subsidiary of Vietnam's EV maker VinFast, said in a statement. "The partnership, VinFast's first with a banking institution in India, aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch," it added. VinFast Asia CEO Pham Sanh Chau said, "This MoU marks a significant milestone in our efforts to make electric mobility more inclusive, convenient, and future-ready for Indian consumers." HDFC Bank Group Head - Retail Assets Arvind Vohra said EV adoption is increasing and financing will play a large role in driving this. "The MoU with VinFast is a step in this direction and will enable customers to access VinFast's well known product line through financing options. This is part of the bank's larger effort to ..

HDFC forms oversight department for sharper board-level updates: Chairman

Chairman Atanu Chakraborty says the new Group Oversight Department will ensure periodic updates to the board on key risks, compliance, audit, and conduct across the group

RBI mandates 10% loan retention for banks, NBFCs under co-lending deals

Effective January 1, RBI requires regulated entities in co-lending to retain 10% of each loan on books, cap default loss guarantee at 5%, and align asset classification between partners

Pain in microfinance will linger for at least 3-4 quarters: DCB Bank MD

DCB Bank MD & CEO Praveen Kutty outlines plans to double loan book, manage costs, and raise capital by Q2FY27, while navigating MFI stress and shifting lending strategy

Bank credit raised by India Inc drops to 22% in Q1FY26, shows data

Corporates increasingly turn to debt capital markets as bank credit share in fundraising hits multi-year low, signalling shift in funding dynamics

IndusInd Bank appoints Rajiv Anand as MD & CEO for 3 years, effective Aug

Rajiv Anand has been appointed as the MD&CEO of IndusInd Bank for a 3-year term, effective from August 25, 2025, following the resignation of Sumant Kathpalia

Federal Bank's Q1 net down 15% on high slippages in agri, MFI segments

In Q1FY25, the bank had posted a net profit of ₹1,010 crore. Sequentially, profit declined 16 per cent from ₹1,030 crore

Ujjivan SFB expects RBI to decide on universal bank application by Dec: CEO

MD & CEO Sanjeev Nautiyal discusses microfinance recovery, secured lending push, PSL flexibility, and roadmap for universal banking licence