Page 9 - Banking Sector

FinMin directs public sector banks to evaluate board performance

"Independent third-party board evaluations are a widely accepted global practice, and India has only recently begun adopting them," remarked S. Krishnan

Muted loan growth, margin woes may weigh on listed banks' Q1 profits

On a sequential basis, profit after tax may decline by 2.2 per cent, due to pressure on interest margins and muted credit growth

Public sector banks to hire about 50,000 manpower in current financial year

Public sector banks will recruit about 50,000 manpower during the ongoing financial year to meet their growing business requirement and expansion. Of the total fresh recruitment, about 21,000 would be officers and remaining would be staff including clerks, as per data collated from various banks. Of the 12 public sector banks, the biggest player State Bank of India (SBI) is going to employ close to 20,000 including specialised officers in the financial year. Initiating the process, SBI has already hired 505 Probationary Officers (POs) and 13,455 junior associates to enhance customer experience at its branches across the country. The recruitment of 13,455 junior associates is aimed to fill vacancies across 35 states and Union Territories. The total staff strength of SBI stood at 2,36,226 as of March 2025. Of this, 1,15,066 officers were on the rolls of the bank at the end of last fiscal. Average hiring cost per full-time employee for 2024-25 was Rs 40,440.59. SBI has a consistent

India Ratings removes IndusInd Bank from Rating Watch negative status

Concerns over stability of bank's franchise to persist says agency

HDFC Bank mops up ₹49K crore in Q1 FY26 deposits, outpaces peers

Loan growth of country's largest private sector lender lagged that of industry

From BoB to Indian Bank, PSBs report double-digit credit growth in Q1

Bank of Baroda, Indian Bank lead state-owned lenders' strong credit expansion in April-June, while deposits grow at a slower pace

Central Bank partnership to boost bancassurance: FGILI MD & CEO Alok Rungta

Alok Rungta, managing director and chief executive officer, FGILI, talks about the impact of the bancassurance channel and the company's growth strategies

RBI bars prepayment penalty on floating rate micro, small business loans

From January 2026, banks and NBFCs cannot charge micro and small businesses for early repayment of floating rate loans as RBI moves to enhance financing access

AI in currency: How it is quietly rewriting the rules of modern banking

Artificial intelligence is quietly transforming consumer-facing industries

State Bank of India at 70: Tracing the journey of India's biggest lender

From its 1800s roots to today's banking giant, SBI marks 70 years since its birth

New project finance norms: Banks seek exemption for smaller loans

On June 19, the RBI announced the final norms for project finance, prescribing a one per cent general provision for all projects, as compared to 0.4 per cent now

Indian scheduled commercial banks' gross NPA ratio at 15-year low

Private sector banks' gross NPA ratio was stable at 2.8 per cent while foreign banks saw a decline to 0.9 per cent from 1.2 per cent

Karnataka Bank shares recover after CEO, ED resign; bank reassures clients

Following the surprise resignations of its MD & CEO and Executive Director, Karnataka Bank says it remains strong and well-capitalised, and begins search for replacements

Household debt up, but India still lags emerging-market economies: RBI

India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report

SBI plans to solarise 4 million homes by FY27, marks 70 years of service

As it celebrates 70 years, SBI commits to solarising 4 million homes by FY27, scaling rooftop projects, modernising ATMs, and advancing AI-driven customer solutions

Bank GNPAs fall to multi-decade low of 2.3% in March, may rise by FY27: RBI

It can be noted that dud assets have been one of the most challenging part for the banking system for a large part of the latter part of the previous decade

Global lenders may push back on RBI's offshore swap reporting plan

Complying with the Reserve Bank of India's directive could raise concerns about client confidentiality and lead to jurisdictional complications with other monetary authorities

RBI relaxes PSL norms to help SFBs de-risk, diversify loan portfolio

RBI lowers PSL target to 60% for SFBs, unlocking Rs 40,000 crore for lending to secured segments such as LAP and personal loans and aiding transition to universal banks

Looking at double-digit growth for SME banking in India, says Xie Wen

I see that in India, manufacturing is certainly growing, and services continue to be a very important and big driver of the economy, says Wen

Good show by banks as most register a rise in profit, but challenges ahead

Overall, public sector banks have put up a better show than private banks on most parameters