Page 5 - Banking Industry

RBI renews Statement of Commitment to FX Global Code for FX markets

The Reserve Bank of India has renewed its Statement of Commitment to the FX Global Code, reaffirming adherence to principles promoting integrity in foreign exchange markets

IndusInd Bank names Viral Damania CFO amid leadership transition

IndusInd Bank has appointed Viral Damania as CFO and KMP with effect from September 22, while Santosh Kumar will continue as Deputy CFO after ceasing additional duties

Banks' era of infrastructure funding is over: Nabfid chairman K V Kamath

NaBFID Chairman KV Kamath says banks can no longer be primary infra financiers due to structural limits, with markets and DFIs better placed to meet India's long-term needs

SMBC becomes Yes Bank's largest shareholder, nominates two directors

Sumitomo Mitsui Banking Corporation has acquired a 20 per cent stake in Yes Bank from SBI and others, becoming its largest shareholder and nominating two board directors

Financial inclusion drive opens 6.1 million Jan Dhan accounts in 2.5 months

The Finance Ministry said its three-month financial inclusion drive has opened 6.1 million Jan Dhan accounts, 26 million social security enrolments and updated crores of inactive accounts

Securitisation volumes to dip in Q2 as investors shun unsecured loans

Securitisation activity is likely to stay subdued in Q2FY26, with volumes at Rs 63,000 crore as investors turn cautious on unsecured and microfinance loan pools

PSBs must emerge as global champions in Viksit Bharat 2047 vision: DFS Secy

The two-day programme, organised by DFS, brought together top policymakers, regulators, technologists and banking practitioners

Banks park ₹1.5 trillion at RBI's three-day VRRR liquidity auction

Banks placed Rs 1.5 trillion in RBI's three-day VRRR auction as surplus liquidity hit Rs 2.85 trillion, with WACR firming to 5.43 per cent from 5.35 per cent

Indian banks' dividend payouts may fall by 4.2% in FY26, says S&P

S&P Market Intelligence expects Indian banks' dividend pay-outs to decline 4.2% in FY26 as margins and profits weaken, with HDFC Bank and Bank of Baroda set to cut dividends

Four banks may log in to NBBL's 'interoperable netbanking' in October

Reserve Bank of India (RBI) Governor Sanjay Malhotra is expected to launch the new netbanking switch at the Global Fintech Fest 2025, scheduled for October 7-9.

Changing dynamics: Non-bank distributors widen lead in MF commissions

An analysis of MF commission data by Kotak Institutional Equities shows that non-bank distributors accounted for 75 per cent of total commission payouts in FY25, up from 65 per cent in FY18

It's time to get started, put money in deals: M&A financing opens up

Bank financing of M&As will be like any other business and only needs guardrails

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