Page 2 - Banking

Mint Road in 2025: A year filled with opening doors and tightening screws

The year saw Mint Road push banks towards capital markets, revisit deposit insurance and revive UCB licensing, signalling reform that expands opportunity without diluting caution

RBI's Board approves risk-based deposit insurance framework for banks

RBI Governor Sanjay Malhotra chaired the meeting

Indian banks face deposit dilemma as RBI rate cuts squeeze margins

Indian banks are struggling to balance deposit mobilisation and margin protection after the RBI's latest rate cut, as savers shift away from banks even as credit growth remains strong

Best of BS Opinion: New rural jobs law will bring significant changes

Today's wrap looks at the new rural jobs law, the push to open civil nuclear power to private investors, a US strategic reset, RBI's views on bank ownership, and a book on American power

IndusInd Bank chairman to step down in January amid organisational overhaul

The bank reported its largest-ever quarterly loss in the three months ended March 31, following a $230 million hit to its accounts, amid governance and accounting failures

Govt may seek bids for $7 bn IDBI Bank stake, advancing privatisation push

A government agency is expected to formally open the bidding process as soon as this month, in what could be the biggest state-backed disposal of a bank stake in decades

RBI's revised norms empower cooperative banks with greater autonomy

RBI's final business authorisation norms expand operational autonomy for co-op banks while strengthening oversight, introducing a four-tier framework for the diverse UCB sector

SMFG accelerates India expansion by boosting lending, $5 bn buying blitz

Japan's second-largest lender has made investments to expand in financial services from retail to wholesale banking in India, such as a landmark deal that made it the biggest shareholder of Yes Bank

Netbanking switch to provide better visibility into transactions: NBBL CEO

NBBL's Banking Connect aims to streamline netbanking by standardising bank-aggregator ties, giving regulators better visibility and improving settlement, success rates and grievance management

Bank credit to improve to 11.5-12.5% in FY26, says CareEdge Ratings

Careedge expects stronger bank performance in FY26, with credit growth rising to 11.5-12.5% on consumption and corporate demand, even as weak deposit growth keeps the credit-deposit ratio high

BC network faces heat from qcom platforms as agents take up gig work

The business correspondent banking channel is facing attrition as agents are leaving over declining commissions, despite bringing in more new deposits than branches

ICRA raises FY26 bank credit growth forecast on GST-led demand uptick

ICRA expects bank credit growth at 10.7-11.5% in FY26, aided by higher retail and MSME demand following GST rationalisation. Corporate lending remains muted, with ECL impact pegged below 1.5%

IndusInd Bank looks to claw back salary, bonuses of former top officials

This year, IndusInd Bank disclosed incorrect accounting on derivative trades that prompted a $230 million hit to its accounts and led to exit of former CEO Sumant Kathpalia and deputy CEO Arun Khurana

GHCL partners with AuthBridge to strengthen supplier ESG compliance

GHCL Ltd has partnered with authentication solutions provider AuthBridge to enhance environmental, social and governance (ESG) compliance across its supplier network, the chemical manufacturer said on Monday. The collaboration will automate ESG data collection and verification, introduce ESG scoring into supplier evaluations, and align practices with global standards, including India's Business Responsibility and Sustainability Reporting (BRSR) framework mandated by the Securities and Exchange Board of India (SEBI). AuthBridge has engaged with GHCL's suppliers to facilitate ESG adoption, guiding security service providers on workplace harassment prevention and labour laws, while helping manufacturing partners track greenhouse gas emissions across direct and indirect sources. "Listed companies increasingly need scalable, tech-enabled solutions to manage supplier compliance," AuthBridge Founder and CEO Ajay Trehan said in a statement. GHCL's supplier base includes raw material vendor

Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'

The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks

Unused funds sign of sector maturing, lot of room for growth: PE chiefs | BFSI Summit 2025

India’s private equity (PE) story is still gathering steam, say top fund managers, who argue that unutilised capital is less a sign of caution and more a natural transition as the market matures.

Banking sector faces challenge of customer service: Arundhati Bhattacharya

Arundhati Bhattacharya, Chairperson and CEO of Salesforce India, said that the current banking sector faces the challenge of customer service.

Best & brightest at BFSI Summit: India's biggest finance event returns

From October 29 to October 31, the summit will feature keynotes, fireside chats, and panels on policy, digital banking, insurance, and AI in finance

Are banks closed on October 20 and 21 for Diwali? Check state-wise dates

Diwali 2025 bank holidays vary across states. Some will observe closures on October 20, others on October 21. Sikkim gets four holidays, Chhattisgarh three, Maharashtra, Gujarat, and UP two days each

IOB bets big on M&A financing, moves to address CASA concerns: MD & CEO

We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, says IOB MD & CEO