Page 2 - Banks

US, global central banks hold rates, warn of war-led inflation risks

Earlier this week the Reserve Bank of Australia hiked rates to a 10-month high and warned of a "material" risk to inflation from the oil price spike

PSBs gain traction in MSME segment; SBI leads the pack: Motilal Oswal

Based on interactions with direct selling agents (DSAs) across western India, Motilal Oswal said MSME credit demand remains healthy in Q4FY26

Atanu Chakraborty quits as HDFC Bank chairman; Mistry named interim chief

"Certain happenings and practices within the bank, that I have observed over last two years, are not in congruence with my personal values and ethics", says Chakraborty

India needs bigger banks, consolidation for $30 trn goal: Former RBI DG

Former RBI deputy governor flags need for larger financial institutions, stronger capital base and consolidation across banking and NBFC sectors to support economic expansion

Reliance Jio hires 17 banks for IPO, plans no fresh fundraise: Report

The IPO will be executed as a so-called "offer for sale" in India, three of the sources said, where only existing shareholders sell their shareholding to public

The great Indian bank CEO shortage: A problem unique to private lenders

Strict compensation norms and lack of succession planning are cited as key reasons

From Fed to BOJ, global central banks brace for fallout from Iran war

Interest-rate bets that fully anticipated easing in the US have eroded, while possible hikes in the UK and euro zone later in the year are now being priced in

Sebi issues guidelines for mutual funds on intraday borrowing from banks

Markets regulator Sebi on Friday issued guidelines for mutual funds to undertake intraday borrowing arrangements with financial institutions such as banks. Under the new framework, the board of an asset management company (AMC) as well as the board of trustees will be required to approve a policy governing the use of intraday borrowing facilities. Further, the AMC will also disclose the approved policy on its website, Sebi said in its circular. Sebi said intraday borrowings can be used only for specific purposes -- repurchase or redemption of units, payment of interest or Income Distribution-cum-Capital Withdrawal (IDCW) payouts to unitholders. The regulator also stipulated that the borrowing amount cannot exceed the "guaranteed receivables" expected on the same day. Receivables eligible for such intraday borrowings include maturity proceeds from TREPS (Triparty Repo in Government Securities), proceeds from reverse repo transactions, maturity proceeds from government securities s

What are the various fixed deposit rates banks are offering?

Here is a detailed list of the fixed deposit interest rates being offered by various banks across different tenures

RBI caps bank dividend payout at 75% of profit after tax under new norms

RBI says banks can declare dividends based on capital adequacy levels, with payouts capped at 75 per cent of profit after tax and subject to CET1 buffers and supervisory conditions

Banking sector to maintain strong growth over the next two years: ICRA

Profitability in the banking sector is expected to remain healthy, supported by stronger core earnings

Fino PB MD & CEO arrest puts spotlight on merchant-sourcing networks

Industry examines oversight and risks tied to programme managers

Lead Bank Scheme needs to contextualise recent changes instead of tinkering

The draft circular makes changes in the coordination structure, with subcommittees for inclusion and literacy; agriculture; micro, small, and medium enterprises (MSMEs); and payment systems

The road to 2047: Some thoughts for banking panel for Viksit Bharat

Issues the high-level committee can look into to prepare the Indian banking system for 2047

Financial inclusion: From presence to participation

Inclusion succeeds when financial services are used regularly with confidence

Morgan Stanley cuts 2,500 jobs: What’s behind the layoffs?

Morgan Stanley has laid off about 2,500 employees globally, even after reporting one of its strongest financial years.

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

Sebi presses banks, regulators for stricter insider trading enforcement

Regulatory data shows that Sebi investigated 287 cases of alleged insider trading in the financial year 2024-25, compared to 175 cases in the prior year

More fintech firms, banks may come under scanner after Fino chief's arrest

Crackdown on payout API misuse in banned real money gaming may widen probe to payment aggregators and smaller banks amid heightened regulatory scrutiny

Yes Bank's 5K forex card customers hit with $280K fraudulent transactions

Around 5,000 Yes Bank forex card customers were hit by fraudulent transactions totalling $280,000, with the bank blocking several attempts and initiating chargebacks to prevent financial loss