Banks

Commercial sector funding more than doubles to ₹10.65 trn in April-July

Non-food bank credit jumped to ₹6.69 trillion from ₹0.73 trillion a year earlier, while total outstanding credit from bank and non-bank sources rose 17.4 per cent by July-end

Banks, NBFCs to reset partnership terms with fintech firms

RBI's draft data governance norms and DPDP rules are pushing banks and NBFCs to reassess fintech partnerships, contracts and third-party data risks

Bank holiday today: Banks closed in these states on Eid-e-Milad-un-Nabi

According to the Reserve Bank of India's holiday calendar, August 26 is a bank holiday at several RBI centres under the Negotiable Instruments Act.

Govt to set up high-level banking committee soon: FM Nirmala Sitharaman

Deliberations at PSB Confluence to act as template for panel

Govt to soon constitute panel on 'Banking for Viksit Bharat': Sitharaman

Finance Minister Nirmala Sitharaman on Monday said the government would soon constitute a high-level panel on 'Banking for Viksit Bharat'. In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth. Addressing the two-day PSB Confluence here, Sitharaman said, "We expect the announcement of the high-powered committee to look into the banking sector... soon the committee will be announced." She said the committee would give its thoughts and recommendations to the government. "I propose setting up a 'High Level Committee on Banking for Viksit Bharat' to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection," she had said in the Budget speech on February 1, 2026.

Banks race for dollar deposits as RBI curtails FCNR (B) swap window

Despite early closure, experts expect total inflow of $60-70 bn by Aug-end

Banks seek more from ATMs as non-cash services remain largely unused

ATMs offer fund transfers, bill payments and several other services beyond cash, but low awareness and the rise of mobile banking have left much of this capacity underused

CBDC, ULI adoption gains pace as RBI expands use cases: Rohit Jain

RBI says CBDC and ULI adoption is accelerating as live transactions expand, with new use cases, more lenders and wider state participation driving growth

RBI keeps repo rate unchanged at 5.25%: What it means for your home loan | RBI MPC Outcome

The RBI has kept the repo rate unchanged at 5.25%, meaning there’s no immediate relief—or burden—for home loan borrowers. So, what does this mean for your EMI? Will banks reduce lending rates?

The knives are out for the world's oldest bank as takeover battle heats up

The world's oldest bank faces a high-stakes takeover battle as consolidation reshapes Italy's banking sector and tests Monte dei Paschi's independence

Govt approves RBI plan to issue ₹10, ₹20 polymer banknotes: Why is the RBI testing polymer notes?

The government has approved the Reserve Bank of India's plan to issue 1 billion each of ₹10 and ₹20 polymer banknotes for field trials. If successful, these notes could be issued regularly.

NPCI plans to mask phone numbers on UPI apps to boost user privacy

Following privacy concerns, NPCI has asked UPI apps to hide phone numbers and make username-based payment IDs the default for new users

HDFC Bank under US scrutiny: Why three law firms are investigating the lender

Three US law firms have launched preliminary investigations into HDFC Bank after reports of alleged payment irregularities. But does this mean the bank has been sued?

Tamilnad Mercantile Bank's Q1 net profit surges 35% to ₹412 crore

Tamilnad Mercantile Bank (TMB) on Monday reported a 35 per cent jump in net profit to Rs 412 crore for the first quarter ended June 30 on improvement in its core income. The bank had a net profit of Rs 305 crore in the June quarter of the previous fiscal. The total income rose to Rs 1,901 crore during the June quarter of the current fiscal year from Rs 1,617 crore in the same quarter of FY26, TMB said in a regulatory filing. Interest earned by the bank improved to Rs 1,662 crore, as compared to Rs 1,386 crore in the June quarter of FY26. Net Interest Income of the bank rose by 32 per cent to Rs 765 crore from Rs 580 crore in Q1 of the previous financial year. In a post-result interaction with media, Tamilnad Mercantile Bank MD and CEO Salee Sukumaran Nair said the bank is exploring an option of opening a representative office overseas to mobilise deposits from NRIs. With regard to IT spending, he said the bank would spend Rs 280 crore on improving infrastructure, mobile app etc.

Large Indian banks revive dollar bond plans after period of lull

Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options

Corporate India starts FY27 strong: What's driving the 11-quarter high? | IT | Metals | Banks

Corporate India's Q1FY27 earnings season has kicked off on a strong note. Early results show the fastest profit growth in 11 quarters, driven by banks, Reliance Industries, IT services and metal.

Margin squeeze triggers selloff in pvt bank stocks; benchmarks end lower

Benchmarks end lower; ICICI Bank bucks the trend, PNB shine

Retail loan growth improves in Q1, corporate demand stays firm: Equirus

Retail loan disbursements strengthened across banks in Q1 FY27, while corporate credit demand remained firm, driven by working capital needs, refinancing and a shift from bond markets

Lagging on FCNR (B) deposit collections, banks pin hopes on Sept-end rush

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

Banks post modest treasury gains in Q1 despite softer bond yields

Banks booked modest treasury gains in Q1FY27 despite softer bond yields as they pared excess SLR holdings and sold government securities to support credit growth