Indian Banking Sector

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

Expect to match sector's credit growth: South Indian Bank CEO Seshadri

South Indian Bank MD & CEO PR Seshadri says low Stage-2 assets will help contain additional provisioning under ECL norms while the bank targets stronger margins and steady credit growth

Public-sector banks prepare to shore up capital before ECL shift

Move will also help lower govt shareholding

IDBI Bank's Q4 FY26 results: Net profit declines 5% to ₹1,943 crore

Bank reports decline in profit due to weak non-interest income, even as net interest income rises and asset quality and capital adequacy improve

Federal Bank to acquire 450,000 retail credit cards from StanChart

Bank to strengthen retail franchise and Tier-1 presence by acquiring seasoned credit card portfolio from Standard Chartered amid broader retail strategy shift

Automation nudges Axis, HDFC Bank, and RBL Bank towards a leaner workforce

Headcount cuts in FY26 reflect tech-led shifts in frontline roles

Why Indian govt is warning banks against Anthropic's Claude Mythos AI

Government asks banks to strengthen cybersecurity amid concerns over Anthropic's Claude Mythos AI and its potential to accelerate cyber threats at scale

Union Bank of India Q4 results: Profit rises 6.6% to ₹5,316 crore

State-owned Union Bank of India On Thursday reported 6.64 per cent rise in standalone profit after tax (PAT) to Rs 5,316 crore for three months ended March 2026. The bank had posted a PAT of Rs4,985crore in the same quarter of the preceding fiscal year. Net Interest Income (NII) or core income declined by 1.14 per cent year-on-year to Rs 9,406 crore during the quarter under review. Total income dropped to Rs 31,851.15 crore in the quarter under review from Rs 32,752.67 crore in January-March 2025, the lender said in a stock exchange filing. However, asset quality improved with Gross Non-Performing Assets (GNPAs) declining to 2.82 per cent in the March quarter from 3.6 per cent in the year-ago period. Net NPAs also eased to 0.48 per cent from 0.63 per cent. Also, the board recommended a dividend of Rs 5 per equity share of Rs 10 each for financial year 2025-26. The payment is subject to shareholders' approval. Shares of Union Bank of India declined 6.42 per cent to Rs 182.2 apiec