Page 3 - Banks

Is the worst over for Microfinance Institutions in the current cycle? | Banking sector | BFSI Summit

While the microfinance sector appears to be recovering from its latest stress cycle, liquidity support will be crucial to sustain the return path

Impact of Tech & AI On Retail Banking – Pros and Cons | BFSI Summit 2025 | Business news

The role of artificial intelligence (AI) is expanding in retail banking, however, speaking at the Business Standard's BFSI Summit 2025 on Wednesday, banking heads urged to exercise caution.

Is it time to revisit the banking model? BFSI Summit 2025 | Banking news | Finance | Business news

The Indian banking sector finds itself in a curious position. Financial metrics — profits, balance sheet strength, and non-performing assets — are all at their best levels in years.

Are foreign banks becoming too niche? | BFSI Summit 2025

Global banks increasingly view India as one of their most promising markets, driven by regulatory predictability, new opportunities in acquisition financing, and a surge in domestic capital markets

Banks, capital markets to drive India's next growth phase, says K V Kamath | BFSI Summit 2025

As India’s economy gains momentum, the banking industry will be the first to expand, said KV Kamath, independent director and non-executive chairman, Jio Financial Services

Indian economy performing better than feared two months ago: CEA Nageswaran | BFSI Summit 2025

India’s economy is performing better than expected and is likely to post growth north of 6.7 per cent in the current financial year, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday

Reinvention continuous process that banks are adopting well: Top bankers

The bankers highlighted that lenders must stay agile and continuously reinvent themselves to stay relevant in a rapidly changing environment

India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta | BFSI Summit 2025

The Reserve Bank of India (RBI) Deputy Governor Poonam Gupta on Wednesday said that India is growing steadily at 6.5 per cent, with a forecast of 6.8 per cent for the year.

India needs bigger, more global-scale banks for 2047 goal: Banking leaders | BFSI Summit 2025

India needs more globally-competitive banks with strong financial foundations, skilled talent, and advanced technology to finance large-scale projects, create jobs

Public sector banks setting benchmarks for BFSI sector, says M Nagaraju | BFSI Summit 2025

Public sector banks (PSBs) in India are setting remarkable benchmarks for the country’s banking, financial services, and insurance (BFSI) sector, said M Nagaraju

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

Wall Street bank chiefs hold most power since the 2008 global crisis

With Citigroup CEO Fraser adding title of chair this week, it's first time during modern US financial landscape that CEOs of all biggest banks also sit atop their boards

Corporate advance growth for large banks robust in Q2 as demand picks up

The growth in corporate loan books of major banks comes at a time when, in Q1FY26

CBDC adoption may take 2-3 years as banks struggle with tech, incentives

CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee

Customers allowed to opt for up to four nominees in bank accounts

The finance ministry says depositors can now nominate up to four beneficiaries under the Banking Laws (Amendment) Act, 2025, bringing transparency and uniformity in claim settlements

Size Matters: What will it take for India PSBs to break into Global Top 20?

With a rank of 43, the State Bank of India (SBI) is currently the only Indian public sector lender in the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets

Bank customers can opt for up to four nominees in their accounts from Nov 1

Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system. The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday. The Banking Laws (Amendment) Act, 2025 was notified on April 15, 2025. It contains a total of 19 amendments across five legislations the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955 and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980. As per the amendments, it said, customers may nominate up to four persons, either simultaneously or successively, thereby simplifying claim settlement for depositors and their nominees. Depositors may opt for either simultaneous or successive nominations, as per their preference, it said. With regard to nominat

UCO Bank to add another 150 branches by March to expand business

State-owned UCO Bank plans to add another 150 branches in the next five months in a bid to expand its presence and business. Currently, the Kolkata-based lender has 3,322 branches across the country and with the addition of 150 branches, the network would rise to 3,472 by the end of the current financial year. The board has approved opening of 150 more branches by March, UCO Bank MD & CEO Ashwani Kumar said during a call after approval of second quarter numbers. The bank is working on improving ambience of the branches, he said, adding, more skilled workers are going to be hired on the IT, digital and cyber security side. As of September 2025, the bank has a total staff strength of 21,266 with 70 per cent of them are below average age of 70 years. For the second quarter ended September 30, 2025, UCO Bank has reported a 3 per cent rise in net profit at Rs 620 crore against Rs 603 crore in the year-ago period. The total income in the quarter under review rose to Rs 7,421 crore from

Large pvt banks see green shoots, expect credit demand revival in H2FY26

Attribute this to fiscal, monetary measures

Commercial banks may not need RBI approval for floating subsidiaries

Regulator to emphasise on non-duplication of businesses