Page 3 - Banking Sector

Banks step up focus on fee-based income; treasury gains come under pressure

Further, bankers said that there is still room to reduce rates on term deposits, and bulk deposit rates have already declined

Call for paring govt stake in public sector banks, greater board autonomy

The discussion also touched upon the objective of ensuring that at least two public sector banks feature among the world's top 20 banks

Next-gen public-sector banks on agenda as two-day Manthan begins

Focus on cybersecurity, customer experience, scaling strategies

NaBFID to submit infrastructure financing report to DFS within 15 days

NaBFID will consult stakeholders and submit a report to the Department of Financial Services in 15 days after a meeting chaired by DFS Secretary M Nagaraju with top banks and DFIs

BoB to PNB: Banks act to ensure uninterrupted services in flood-hit Punjab

Banks have issued advisories to branches in flood-hit Punjab to maintain customer services by stocking ATMs, keeping digital channels live and relocating operations if required

New co-lending norms may reduce bank and NBFC volumes in near term

RBI's new co-lending norms may shrink volumes in the short term as NBFCs face tech, cost and compliance hurdles - but lenders expect long-term growth once systems adapt

IndusInd Bank refutes ex-CFO Gobind Jain's allegations against chairman

IndusInd Bank has rejected allegations made by its former CFO, Gobind Jain, against Chairman Sunil Mehta, calling the claims meritless and part of an attempt to deflect accountability

Hinduja-backed IndusInd's new CEO Rajiv Anand seeks to cut risks in revamp

CEO Rajiv Anand has asked division heads to identify lapses in their businesses and submit improvement plans as part of a new three-year roadmap

Citibank names Kaustubh Kulkarni as co-head for investment banking in Apac

Citi has appointed Kaustubh Kulkarni, former JP Morgan India country officer, as co-head of investment banking for Asia Pacific, with his new role effective from December

JPMorgan to boost corporate banking presence in India on investment jump

JPMorgan, which counts India and Japan as its two fastest-growing Asian markets in terms of revenue from corporate banking, expects no let-up in growth despite US doubling tariffs on Indian imports

China's top banks under strain from rising loan losses, shrinking margins

The lenders, led by Industrial & Commercial Bank of China Ltd., reported falling or weak earnings for the first half of 2025 as they continued to pump out new loans to China's struggling consumers

Banks see thinning spreads, driven by credit dip, lower deposits, rate cuts

Growing competition in corporate and institutional credit as well as in home loans, and lower interest rates have also put pressure on lending margins

Indian banks' net interest margins likely to improve in H2 FY26: S&P

S&P Global expects Indian banks' margins to recover in H2 FY26 after RBI's 100 bps rate cut hit Q1 earnings, with SBI, ICICI posting profit growth and asset quality seen healthy

AIBOC opposes Centre's plan to privatise IDBI Bank, warns of social risks

Bank officers' union AIBOC has opposed the Centre's plan to privatise IDBI Bank, saying it endangers public trust, social justice and economic sovereignty while risking financial exclusion

Credit card business to get fresh push from November onwards: PNB MD

In a bid to enhance other income, Punjab National Bank (PNB) plans to give a fresh push to its credit card operations from November onwards as it expects its revamped IT infrastructure to be in place by that time. "PNB credit card is not visible in the market, although the features are at par with any other card in the market. Therefore, we have strengthened the credit card division and put a general manager in-charge for the business. "We are also enhancing digital infrastructure to support the business. So, total revamping is happening in the credit card business," the bank's MD Ashok Chandra told PTI. The bank is planning to reshape this entire activity and come up with new direction for growing the credit card business, he said, adding that "in next 3 months, the revamped IT infra will be in place and I am very hopeful that by November or December onwards, PNB will be in full swing as far as credit card business is concerned". Chandra also said the bank is in the process of ...

Black box to sandbox: Framework needed for safe AI adoption in finance

The Monetary Authority of Singapore (MAS) introduced "FEAT" (fairness, ethics, accountability, and transparency) principles in 2018

ICICI Bank raises CSR allocation to Rs 801 cr in FY25, up from Rs 519 cr

ICICI Bank has increased its CSR allocation to Rs 801 crore in FY25, with initiatives spanning healthcare, skill development, rural livelihoods and sustainability commitments

Bank asset quality: Slippages rise 26% in Q1 on stress in unsecured loans

The incidence of default was higher among private lenders compared to their public sector counterparts, according to CareEdge Rating data

Automobiles to pharma & healthcare: India Inc earnings stay in slow lane

Corporate profits remained weak in Q1FY26, amid single-digit growth in revenues for the ninth consecutive quarter

Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity

RBI accepts Rs 1.82 trillion at 8-day VRRR auction as banks roll over maturing funds from earlier operations amid surplus system liquidity