Banking News

Bharat Bandh Feb 12: Bank services may be affected, warn SBI, PNB & others

Bank strike on February 12: Trade unions have called a nationwide strike on February 12, 2026. Here's what banks have said about possible service disruptions

Banks issue over ₹1 trillion worth of CDs in February as rates soften

Banks raise over Rs 1 trillion via certificates of deposit in early February as short-term rates ease amid surplus liquidity and rising credit demand

Sidbi, Nabfid and Hudco to tap debt capital market for ₹13,500 crore

Sidbi, Nabfid and Hudco will raise Rs 13,500 crore through bond issuances this week, even as higher yields and geopolitical risks continue to weigh on corporate debt fundraising

ESAF SFB to apply for universal banking licence after 2 years, says MD

Thrissur-based ESAF Small Finance Bank will wait at least two years to seek a universal banking licence as it pivots to secured lending to improve asset quality and profitability

SBI Q3FY26 results: Net profit up 24.5% to ₹21,028 crore on strong NII

SBI's Q3FY26 net profit rose 24.5 per cent to ₹21,028 crore on higher NII and non-interest income. The bank raised FY26 credit growth guidance to 13-15 per cent

RBI asks banks to stay open on March 31 to close FY26 govt accounts

RBI says banks handling government receipts and payments will remain open on March 31, 2026, to ensure all transactions are accounted for in FY26

High-level banking panel for Viksit Bharat a key step: Bandhan Bank founder

Bandhan Bank founder and Group Chairman Chandra Shekhar Ghosh on Monday said the Union Budget's proposal to set up a High Level Committee on Banking for Viksit Bharat is a significant step towards aligning the banking sector with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. In the budget, Finance Minister Nirmala Sitharaman proposed formation of the panel to comprehensively review the banking sector, and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection. She also outlined a proposal for NBFCs with clear targets for credit disbursement and technology adoption, and suggested the restructuring of public sector NBFCs such as Power Finance Corporation and Rural Electrification Corporation to improve scale and efficiency. Ghosh said the proposed committee may play a key role in shaping the future regulatory and policy framework for banks, particularly those engag

Business correspondents seek grant, equity funds for capacity building

The Business Correspondent Resource Council has sought the setting up of infrastructure and equity funds to strengthen last-mile banking, citing NSFI goals and RBI findings

DFS seeks states' support to ensure banking ops during Jan 27 bank strike

The DFS said banks have conveyed that ATMs are being adequately loaded with sufficient cash, and arrangements have been made to ensure timely replenishment

Banking ops to be hit on Tuesday as unions strike for 5-day work week

Banking operations of public sector banks across the country are likely to be impacted on Tuesday with the United Forum of Bank Unions (UFBU) deciding to go ahead with a nationwide strike on January 27 to press for the immediate implementation of a five-day work week. The strike call by the UFBU, an umbrella body of nine unions representing officers and employees, comes after a conciliation meeting on January 23 with the chief labour commissioner failed to yield a positive outcome. With banks remaining closed on January 25 (Sun) and January 26 (Republic Day), the strike on Tuesday will result in a disruption of branch-level services for three consecutive days. "Despite detailed discussions during the conciliation proceedings, there was no assurance on our demand. Hence, we have been compelled to proceed with the strike action," All India Bank Employees Association (AIBEA), a constituent of UFBU, General Secretary C H Venkatachalam told PTI. All India Bank Officers' Confederation ..

Axis Bank puts Axis Finance stake sale on hold after RBI eases rules

Axis Bank has paused plans to sell a stake in its consumer lending arm, Axis Finance, after the RBI eased proposed curbs on overlapping bank and subsidiary businesses

NIM to face downward pressure in Q4, says South Indian Bank MD & CEO

South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts

PSBs urge RBI to include state development loans in OMO auctions

Public sector banks have asked the RBI to include state development loans in OMO purchases as SDL spreads widen sharply due to heavy state bond supply

CD ratio won't constrain HDFC Bank's loan growth aspirations: MD Jagdishan

HDFC Bank said its elevated credit-deposit ratio will not constrain loan growth, while reiterating a glide path to bring it down to 85-90 per cent by FY27

Bank credit to grow 13% in FY27 despite high LDR constraints: Ind-Ra

India Ratings expects bank credit to grow 13 per cent in FY27, supported by GST rationalisation, lower inflation and improved consumption, though high loan-deposit ratios remain a challenge

RBI looks to resume UCB licences after 22 yrs; moots ₹300 cr min capital

CAR not less than 12%; net NPA not above 3%

Considering tweaks in insurance commission structure: DFS secretary

The government is considering changes to insurance commission structures to lower acquisition costs and improve affordability, DFS Secretary M Nagaraju said

GST cuts, festival season drive mcap gains at 17 of top 20 listed banks

IDFC First Bank recorded the sharpest increase, with its market cap jumping 43.8 per cent in the quarter, pushing the Mumbai-based lender to 13th place from 17th in the rankings

Treasury income under pressure for banks in Q3 as yields stay elevated

RBI repo rate cuts fail to ease yields across tenors

SBI onboards 541 probationary officers as hiring drive continues

State Bank of India onboarded 541 probationary officers, taking a step towards its plan to hire 18,000 employees this financial year