Page 2 - Banks

Banks see strong deposit growth in Q3 outpaced by rapid credit expansion

HDFC Bank's C/D ratio surges to 99.5%

Bank employees' unions threaten to go on nationwide strike on Jan 27

Bank employees' unions under the aegis of the United Forum of Bank Unions (UFBU) have threatened to go on a nationwide strike on January 27, demanding implementation of a 5-day week. If the strike materialises, it would have a significant impact primarily on the operations of public sector banks for three days in a row, as January 25 and 26 are holidays. At present, bank employees get off on the second and fourth Saturday of each month, apart from Sundays. Declaring the remaining two Saturdays as holidays was agreed between the Indian Banks' Association (IBA) and UFBU during the wage revision settlement in March, 2024. "It is unfortunate that the government is not responding to our genuine demand. There would be no loss of man-hours because we have agreed to an extra 40 minutes working per day from Monday to Friday," UFBU said in a statement. Already, RBI, LIC, GIC, etc., are working for 5 days a week, it said, adding that the foreign exchange market, money market, stock exchanges

Customer is the purpose

Banks exist to serve the customers, let us serve them well

Treasury income under pressure for banks in Q3 as yields stay elevated

RBI repo rate cuts fail to ease yields across tenors

Thieves drill into German bank vault, steal property worth millions

Thieves stole tens of millions of euros worth of property from safety deposit boxes inside a German bank vault that they drilled into Monday during the holiday lull, police said. Some 2,700 bank customers were affected by the theft in Gelsenkirchen, police and the Sparkasse bank said. Thomas Nowaczyk, a police spokesperson, said investigators believe the theft was worth between 10 and 90 million euros (USD 11.7 to 105.7 million). German news agency dpa reported that the theft could be one of Germany's largest heists. The bank remained closed Tuesday, when some 200 people showed up demanding to get inside, dpa reported. A fire alarm summoned police officers and firefighters to the bank branch shortly before 4 am Monday. They found a hole in the wall and the vault ransacked. Police believe a large drill was used to break through the vault's basement wall. Witnesses told investigators they saw several men carrying large bags in a nearby parking garage over the weekend. Video footage

Number of UCBs declines to 1,457 in FY25 as RBI consolidation continues

India's urban co-operative banks fell to 1,457 at end-March 2025 from 1,926 in 2004, as RBI consolidation continued via mergers, closures and licence cancellations

Phase-II of cheque-clearing system postponed until further notice: RBI

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm and confirmation hours to 9 am-7 pm

Banks advised by RBI to link MSME loans to external benchmark: Govt

With a view to improve monetary policy transmission, banks have been advised by the Reserve Bank of India (RBI) to link loans to MSMEs to an external benchmark, the government has informed Parliament. The reset clause for loans has been reduced to three months under the external benchmark system. Further, to make the benefit of external benchmark-based interest regime available to existing borrowers, banks have been advised to provide a switchover option as per mutually agreed terms. Moreover, the government implements Quality Control Orders (QCOs) with exemptions and relaxations for MSMEs to ensure no disruption of domestic production, Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje in a written reply in the Lok Sabha. The Government of India, through Bureau of Indian Standards (BIS), Department of Consumer Affairs, implements, phase-wise, QCOs issued by line ministries with exemptions/relaxations for MSMEs, to ensure that such orders do not disrupt ...

RBI examines Sebi plan on banks in non-agri commodity derivatives: Governor

RBI Governor Sanjay Malhotra says Sebi's move to let banks enter non-agri commodity derivatives requires amending the Banking Regulation Act and is under review after a prior rejection

Board approval must for bank entities to do same business, says RBI

RBI says bank's NBFC group entities that have not been independently identified as NBFC-Upper Layer are now exempted from listing

Yields on outstanding loans fall 4 bps in Oct; fresh loan yields up 14 bps

In the last three months, the WALR on fresh loans declined by 17 bps for the banking sector

Swiggy plans $10,000 cr share sale next week, three banks shortlisted

Swiggy's board approved plans on Nov. 7 to raise up to ₹10,000 crore through a qualified institutional placement, subject to shareholder and regulatory approval

Banks raised ₹55K crore through CDs in fortnight ended November 14

Outstanding certificate of deposits touch an all-time high of Rs 5.34 trillion

Microfinance sector sees 16.5% annual decline in Sep gross loan portfolio

Sustained moderation in GLP and originations volume signals ongoing risk mitigation, while improvements in short-term delinquencies highlights progress in portfolio management

Banks at 'inflection point': IIFL sees earnings rebound, bets on Axis, HDFC

IIFL Capital forecasts flattish earnings for banks in FY26, but expects a strong rebound in FY27-28, with earnings CAGR of 21 per cent for private banks and 14 per cent for PSUs

OpenAI's rise pushes banks to expand equity research into private markets

The banks are aiming to capture the potential impact of unlisted competitors of the stocks they follow, as well as to sate a relentless investor appetite for insights into their performance

Wrong bank charge or failed payment? RBI's portal helps you fight back

The central bank's online redressal system ensures your grievance doesn't go unheard.

Govt to retain cap on voting rights for major bank shareholders: Report

The government is also planning to more than double the foreign-investment cap in state-owned lenders to 49%, Reuters reported last week

Take digital arrest seriously or risk losing public trust: CEA Nageswaran's warning to banks

Take digital arrest seriously or risk losing public trust: CEA Nageswaran's warning to banks

ED, IBBI set new rules to ensure cheated homebuyers, banks get assets back

Assets of bankrupt companies and their promoters attached by the ED, under the anti-money laundering law, will now be restored to the affected parties, such as banks or home buyers, following the finalisation of a new standard operating procedure, the federal probe agency said on Wednesday. The Insolvency and Bankruptcy Board of India (IBBI) issued a circular in this context on November 4, following "multiple rounds" of coordination meetings between its officials and the investigators of the Enforcement Directorate (ED). As a result of this coordinated approach, the agency said in a statement, a "standard undertaking" will be filed by Insolvency Professionals (IPs) before the special PMLA court to release the assets from ED's attachment and offer them for restitution or restoration to the creditors. Currently, in several insolvency cases, the assets of the corporate debtor were under PMLA attachment, which "restricted" their use in the resolution process. To address this issue, th