Page 3 - Banks

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

Foreign investors to invest ₹50k cr in finance, banking sectors: Goyal

Commerce and Industry Minister Piyush Goyal has said that in the last few months, foreign investors have announced plans to invest over Rs 50,000 crore in India's finance and banking sectors. Amidst global headwinds, he said India is an oasis for investments. He added that today, India is emerging as a preferred investment destination. Even in turbulent times, Foreign Direct Investment (FDI) continues to flow robustly, the minister said. "In the last few months itself, investors from all over the world have announced plans to invest over Rs 50,000 crore in India's finance and banking sector," he said in a post on X. This surge in FDI highlights the growing attractiveness of the Indian economy to global investors, he said. FDI in India rose 15 per cent to USD 18.62 billion during April-June this fiscal year, while the inflow from the US nearly tripled to USD 5.61 billion during the quarter, according to government data.

PNB expects $1 billion hit in transition to new credit rules, says CEO

The country's third-largest state-owned lender by market capitalisation is one of the first to disclose an estimate on the likely effect of the rules

Punjab & Sind Bank Q2 results: Net profit rises 23% to ₹295 crore

The board in its meeting on Thursday also approved raising funds of ₹3,000 crore in the form of long-term infrastructure bonds in one or more tranches by March 2027

Nifty Bank outlook: Goldman Sachs expects index to outrun Nifty near-term

Goldman Sachs expects Nifty Bank to outperform Nifty50 in the near-term, aided by easing regulatory norms and better liquidity

PL Capital sees Nifty at 28,781 in 1 yr; banks, auto, defence to lead rally

Analysts at PL Capital expect domestic-oriented sectors to outperform, naming banks, NBFCs, autos, retail, consumer staples, defence, metals, and select consumer durables as top picks.

JPMorgan unveils $1.5 trn plan to boost investments in US industries

As part of the 10-year initiative, the largest U.S. lender also plans to hire more bankers and invest up to $10 billion into U.S. companies through direct equity and venture capital investments

Govt opens up State Bank of India managing director position to pvt sector

FSIB may hire HR agency to carry out behaviour and competency assessment of candidates

HSBC to acquire Hang Seng unit for nearly $14 billion in Hong Kong bet

To keep its capital ratio within range, HSBC said it will refrain from buybacks for the next three quarters

GenAI led to 20% fall in white-collar job listings in S Asia: World Bank

The World Bank drew on monthly data from labour market research and consulting firm Lightcast, covering 28 million job postings between 2020 and 2025

Central, state co-op banks brought under ambit of RBI's Ombudsman scheme

State co-operative banks and central co-operative banks will come under the ambit of the Reserve Bank Integrated Ombudsman Scheme, 2021, from November 1, the central bank said on Tuesday. The RBI has issued a notification in this regard. With this enhancement, the Integrated Ombudsman Scheme would cover all commercial banks, regional rural banks, state co-operative banks, central co-operative banks, scheduled primary (urban) co-operative banks, and non-scheduled primary (urban) co-operative banks with a deposit size of Rs 50 crore. All non-banking financial companies -- excluding housing finance companies, which are authorised to accept deposits or have a customer interface, with an asset size of Rs 100 crore and above -- are covered under the scheme. Credit information companies are also covered under the scheme. The Reserve Bank Integrated Ombudsman Scheme (RB-IOS) - launched in November 2021, provides customers of regulated entities (REs) a speedy, cost-effective and expediti

Hinduja Group firm IIHL Mauritius acquires 100% stake in Sterling Bank

IndusInd International Holdings Ltd (IIHL), Mauritius, has completed the full acquisition of Bahamas-based Sterling Bank by acquiring the remaining 49 per cent equity, a statement said on Monday. With the acquisition, Sterling Bank has become a wholly-owned entity of Hinduja Group firm IIHL Mauritius, which is also the promoter of IndusInd Bank. IIHL Mauritius had acquired a controlling 51 per cent stake in Sterling Bank in September 2022. The acquisition was made through IIHL's wholly owned subsidiary, IIHL (Capital), Mauritius, the company said in a statement. IIHL, a Mauritius-based entity with a net worth of USD 1.26 billion as of August 31, 2025, has a diversified investment portfolio across the Banking, Financial Services, Securities, and Insurance (BFSI) sectors. It is also the promoter of IndusInd Bank, India's fifth-largest private sector bank, serving over 42 million customers through a nationwide network of over 6,100 touchpoints, with a business size exceeding USD 86 ..

Fifth Third, Comerica enter $10.9 bn deal to create ninth-largest US bank

Comerica shareholders will receive 1.8663 Fifth Third shares for each Comerica share, valuing the deal at $82.88 per share based on Fifth Third's closing price on October 3