Page 2 - Banking

Emirates NBD gets approvals for majority stake acquisition in RBL Bank

Emirates NBD has secured all approvals for its proposed majority stake acquisition in RBL Bank, marking one of India's largest cross-border banking deals

PSBs' net profit rises 11% to all-time high ₹1.98 lakh cr in FY26: FinMin

Public Sector Banks (PSBs) have recorded an all-time high net profit of Rs 1.98 lakh crore in 2025-26 fiscal year, marking the fourth straight year of profitability, the finance ministry said on Tuesday. Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said. Aggregate operating profit reached Rs 3.21 lakh crore, while aggregate net profit increased by 11.1 per cent y-o-y to a historic high of Rs 1.98 lakh crore, marking the fourth consecutive year of aggregate profitability for PSBs. The aggregate business of PSBs increased to Rs 283.3 lakh crore as on March 31, 2026, registering growth of 12.8 per cent over the previous year. Aggregate deposits rose 10.6 per cent year-on-year to Rs 156.3 lakh crore, reflecting continued depositor confidence and strong resource mobilisation by PSBs. Gross advances registered growth of 15.7 per cent year-on-year at Rs 127 lakh crore, indicating sustained cr

Canara Bank's Q4FY26 results: PAT declines 9.9% due to bond losses

State-owned lender sees sharp fall in treasury gains amid hardening bond yields; asset quality and retail loan growth remain strong

Indian banks well placed to transition to ECL provisioning: Fitch

The ratings agency expects the banking ‌system's average common equity tier 1 (CET1) to decrease by 30 basis points in the financial year 2027-28

Light-touch supervision may mask risks, warns RBI's Swaminathan J

RBI Deputy Governor Swaminathan J cautions that weak supervision may fuel short-term growth but conceal risks, with long-term costs borne by depositors, taxpayers, and the broader economy

Public sector banks to scale up IT spend amid Anthropic Mythos cyber threat

Public sector banks are bracing up to increase IT spending in order to secure their systems, safeguard customer data, and protect monetary resources amid global concerns over Anthropic's Claude Mythos AI tool and its potential implications for financial data security. Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems. In view of this new challenge, banks have to definitely increase their investments in IT to make their system more robust and reduce vulnerabilities with regard to cyber attacks, Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. He said the bank is going to increase its IT spending this financial year to meet the challenges posed by new technology. Besides, UCO Bank MD and CEO Ashwani Kumar said the bank's IT spending is going to be higher than last financial year, and a major part would go towards ...

RBI eases risk-weight trigger for unrated big-ticket loans, tweaks norms

Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back

Credit growth outpaces deposit mobilisation in FY26 despite easing

Bank credit growth continued to exceed deposit mobilisation in FY26, highlighting persistent funding pressures for lenders despite a year-on-year improvement in both metrics

RBI proposes scrapping IFR, allows quarterly profit inclusion in CRAR

Banks could see Rs 35,000 - Rs 40,000 crore freed up of IFR corpus through reversal

Insolvency law crucial in improving health of banking sector: FM Sitharaman in Lok Sabha

Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health

Bank Nifty drops 4% after RBI's move to cap NOP in onshore market

RBI's cap on banks' net open forex positions sparks sharp sell-off in banking stocks amid concerns over MTM losses and forced unwinding of dollar-long trades

Banking system liquidity surplus shrinks to ₹16,875 cr, lowest since Jan 22

Liquidity surplus narrows amid advance tax outflows and GST payments, while muted demand seen in RBI's VRR auctions and short-term borrowing shifts to TREPS market

Kaizad Bharucha to take on more responsibilities at HDFC Bank, says CEO

HDFC Bank Deputy MD Kaizad Bharucha is set for a larger role as the lender reviews its organisational structure, with RBI approving his reappointment for three years

Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval

Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC

Secure, sovereign & smart: How BusinessNext is transforming banking with AI

In this exclusive conversation at AI Impact Summit 2026, Rahul Sheth, Head of Marketing at BusinessNext, shares how Generative and Agentic AI are transforming banking. From sovereign AI and secure dat

Fixed tenures may be next for upper-layer NBFC chiefs under new norms

Proposal could mirror RBI's 15-year limit for private bank leaders

Best of BS Opinion: Broader ecosystem response needed to check cyber fraud

Today's Opinion highlights RBI's draft digital fraud framework, Nepal's political churn under Balen Shah, questions around India's growth optimism, LBS reforms, and a book on plastic's global spread.

Canara Robeco MF launches Banking & Fin Services Fund: Who should invest?

Canara Robeco Banking and Financial Services Fund will aim to take advantage of the ongoing shift in borrowing behaviour, which is no longer event-driven but is lifestyle-driven

Trump sues JPMorgan: Allegations, JPMorgan’s response & more

US President Donald Trump has filed a $5 billion lawsuit against banking giant JPMorgan Chase and its CEO Jamie Dimon, alleging unlawful closure of his personal and business bank accounts in 2021.

Budget 2026: PSU bank's officers union seeks tax relief on leased housing

Bank of Maharashtra officers' union has urged Centre to amend Section 17 and Rule 3 to exclude leased accommodation and concessional staff loans from perquisite taxation or align valuation with norms