Indian Banking Sector

Punjab National Bank eyes entry into world's top 100 banks in next 2 years

Currently, only State Bank of India, the country's biggest lender, and private-sector leader HDFC Bank Ltd. rank in the top 100 global sector list by total assets

Talent crunch: Why are there so few takers for top jobs in banks?

There are two key issues behind this phenomenon. The RBI and the government can solve this in a jiffy

HDFC Bank's workforce drops by over 3,300 amid push to automate operations

The bank's total staff fell to 211,178 as of March 31 from a year earlier with new hiring dropping by 3,811, according to its annual report released on Saturday

HDFC Bank chairman, CEO reaffirm commitment to governance in annual report

In its FY26 annual report, HDFC Bank's leadership defended the lender's governance standards after former chairman Atanu Chakraborty's resignation triggered questions over board oversight

Indian Bank, Bank of Maharashtra begin Q1 earnings season on a high

Indian Bank looks to mobilise $2 bn in FCNR (B) deposits

Bank of Maharashtra reports 27% loan growth, 13% deposit growth

Domestic corporate loans expanded 21 per cent YoY to Rs 1.11 trillion

Rajiv Kumar's biggest task: Restoring investor confidence in HDFC Bank

HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation

HDFC Bank appoints former CEC Rajiv Kumar as part-time chairman for 3 years

The board also approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) for a four-year term starting June 30, 2026

Large commercial banks may opt to lend up to 9x against FCNR(B) deposits

Large banks may offer up to 9x leverage against FCNR(B) deposits, potentially helping NRIs earn double-digit returns under the RBI's swap scheme

Emirates NBD completes acquisition of 60% majority stake in RBL Bank

UAE-based lender completes ₹26,000 crore capital infusion into RBL Bank, marking the largest foreign direct investment in India's banking sector

RBI's swap facility for OFCB: Dollar route to cut banks' funding costs

The RBI's concessional swap facility for overseas foreign currency borrowings is expected to lower funding costs and help banks bridge the gap between credit and deposit growth

We expect ₹1,000-2,000 cr of inflows via FCNR(B) deposits: Canara Bank CEO

Canara Bank expects ₹1,000-2,000 crore in FCNR(B) inflows, aims to boost CASA deposits and reduce reliance on bulk deposits under its new CEO

Bandhan Bank opens 8 new branches across 4 states, expands network to 1,984

Bandhan Bank on Monday announced the opening of eight new branches across Karnataka, Uttar Pradesh, Delhi and Haryana, taking its nationwide branch network to 1,984. The bank said four of the new branches were opened in Karnataka, two in Delhi, and one each in Uttar Pradesh and Haryana, as part of its expansion strategy. The branches were inagurated in Mysuru, Bengaluru, Delhi, and Gurgaon. "As our network grows, we stay committed to sustainable expansion and delivering innovative, flexible banking solutions that meet evolving customer expectations," Bandhan Bank Executive Director and Chief Business Officer Rajinder Kumar Babbar said. With the latest expansion, Bandhan Bank's presence now spans 35 of the country's 36 states and union territories. The lender serves more than 3.2 crore customers through over 6,380 banking outlets across India, it said. Bandhan Bank said it had a deposit base of Rs 1.66 lakh crore and advances of Rs 1.54 lakh crore as of March 31.

Bank lending in India hits two-year high as firms favour loans over bonds

Credit growth expanded at 16.2 per cent in the year through May 15, the fastest clip since June 2024, according to the Reserve Bank of India data

Brajesh Kumar Singh takes charge as Canara Bank MD and CEO till 2029

The former Indian Bank executive director assumes leadership of the state-owned lender, filling a vacancy that arose after K Satyanarayana Raju's retirement

New bad loan provision measures will tell banks apart under ECL regime

RBI's ECL regime will shift the focus from recognising bad loans to predicting them, making risk management a key differentiator for banks

Legacy cases lifted bank fraud to ₹48,021 cr in FY26: RBI annual report

Advances account for 85% of all frauds in banking industry in FY26, says regulator in annual report

FY26 NRI deposits declined to $14.4 billion: RBI's monthly bulletin

Inflows into India's non-resident deposit schemes moderated in FY26, with FCNR(B) deposits witnessing a sharp slowdown, RBI data showed

HDFC Bank, IndusInd, Yes Bank warm up to hybrid mode after PM's WFH call

Some banks are yet to take a call but are expected to review policies and may consider hybrid working for some time

India's second largest PSB, Bank of Baroda, aims to double size in 5 yrs

Debadatta Chand, chief executive officer of the bank, which absorbed two state-run lenders in 2019, said larger balance sheets will be crucial as lenders look to compete globally