Page 7 - Banks

RBI Governor hints at allowing foreign banks to own 26% in Indian banks

RBI Governor Sanjay Malhotra says interest rate transmission is effective and hints at a policy to allow foreign banks to hold up to 26 per cent in Indian lenders

Citigroup profit beats analyst estimates, shares rise on buyback plans

Shares jumped 3.3 per cent after the bank announced it would buy back at least $4 billion in stock in the third quarter

Central bank expects FY26 inflation to be below 3.7%: Guv Malhotra

Annual retail inflation in India slowed to a more than six-year low of 2.10% in June, on the back of easing food prices, data showed on Monday

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

Bombay High Court adjourns hearing of HDFC Bank CEO Sashidhar Jagdishan's plea to quash an FIR lodged by the Lilavati Trust, with the investigation continuing under the Economic Offences Wing

Karnataka Bank appoints Raghavendra Bhat MD & CEO for three months

Bhat takes charge from 16 July following the resignations of Srikrishnan Sarma and Sekhar Rao, pending shareholder approval at the bank's upcoming annual general meeting

RBI to hold 3-day VRRR auction Tuesday to absorb ₹1 trillion liquidity

RBI to absorb ₹1 trillion via a three-day VRRR auction on Tuesday, aiming to manage surplus liquidity and align maturities with GST-related outflows

Banks' loan offtake gains pace at end of first quarter, shows data

Bank credit growth slowed further to 9.5% YoY in the fortnight ending June 27, with deposits growing at 10.1%, outpacing credit growth, data showed.

RBI to intensify scrutiny of bank auditors after governance lapses

With governance concerns at IndusInd and Karnataka Bank, RBI is expected to tighten its engagement with statutory auditors and examine the role of board sub-committees more closely

Financial bidding for IDBI Bank expected to conclude by October 2025

"All things have at the high pace and IDBI bank will be completed by October 2025," said the official.

Kotak Mahindra Bank shares rally on robust loan, deposit growth in Q1

In its quarterly business update, the bank reported 14 per cent year-on-year (YoY) and 4.2 per cent sequential growth in net advances to Rs 4.44 trillion in Q1FY26

Corporate 'fraud accounts' pose tough challenges for banking system

SBI also reported former chairman of the group Anil Ambani to the Reserve Bank of India (RBI)

RRBs' IT integration likely to be completed by Sep 15: Nabard chairman

NABARD Chairman Shaji KV said on Monday IT integration of recently amalgamated Regional Rural Banks (RRBs) on the principles of 'One State One RRB' is expected to be completed by September 30. The amalgamation of RRBs on the principles of 'One State One RRB' became effective from May 1. This was aimed at improving scale efficiency and cost rationalisation. With this, now, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts. Speaking at a CII event, Shaji said that as of May 1, integration of all the RRBs at the state level has been done, and by September, the IT integration of RRBs is expected to be completed. The chairman said that NABARD (National Bank for Agriculture and Rural Development) is working on building a common digital infrastructure with RRBs. They are rolling out credit infrastructure and government data systems to reach rural populations. However, challenges like low internet bandwidth and awareness exist, but efforts ar

Dhanlaxmi bank shares climb 5% as Q1 deposits grow 14% YoY

At 01:40 PM, Dhanlaxmi Bank shares were trading at ₹30.72, up by 2.57 per cent on the National Stock Exchange

Number of bank frauds increased threefold in FY25, but amount dipped

The number of frauds related to credit/debit cards and internet banking rose over five times in FY25

UCO Bank's total business jumps 13% to Rs 5.24 trillion in Q1FY26

UCO Bank on Thursday reported a 13.67 per cent year-on-year growth in its total business, which rose to Rs 5.24 lakh crore for the quarter ended June 30, 2025, compared to Rs 4.61 lakh crore in the corresponding quarter last year. According to provisional figures disclosed to bourses, total advances stood at Rs 2.25 lakh crore, registering a 16.58 per cent year-on-year increase, while total deposits rose 11.57 per cent to Rs 2.99 lakh crore during the same period. Domestic advances showed even stronger performance with a nearly 20 per cent year-on-year growth, reaching Rs 2 lakh crore in Q1FY26 from Rs 1.67 lakh crore a year ago. Domestic deposits also grew 9.80 per cent to Rs 2.80 lakh crore. On a sequential basis, total business increased 1.95 per cent from Rs 5.14 lakh crore in Q4FY25, while advances and deposits grew by 2.27 per cent and 1.70 per cent, respectively. The bank's domestic CASA ratio declined slightly to 36.90 per cent from 38.62 per cent in Q1FY25. The credit-depo

Banks to book treasury gains in Q1FY26 on yield fall, OMO support

Bond yield drop and ₹2.5 trillion RBI OMOs to lift treasury income in Q1FY26 but weak credit growth may weigh on net profits, especially for PSU banks

Banking system may face near-term margin pressures, says RBI report

RBI's Financial Stability Report warns banks may see tighter margins and lower credit growth due to rate resets, liability shifts and weaker retail loan asset quality

External spillovers likely to hit India's financial system: RBI report

Stress tests showed banks' gross NPA to rise under baseline scenario

Bank GNPAs fall to multi-decade low of 2.3% in March, may rise by FY27: RBI

It can be noted that dud assets have been one of the most challenging part for the banking system for a large part of the latter part of the previous decade

Govt urges state-run banks to boost lending amid economic growth push

Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman