Indian Banking Sector

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

Industrial credit growth seen at 9-13% in Jan-June: Ficci-IBA survey

Industrial credit growth seen at 9-13% in H1 2026, led by capex revival and infrastructure demand, with banks signalling steady, not sharp, expansion

NBFCs' reliance on bank borrowings to rise in FY27 on lower rates: Crisil

Non-banking finance companies' (NBFCs) reliance on bank borrowings is likely to rise in FY27 due to lower interest rates, a rating agency said on Wednesday. The share of bank borrowings, which rose to 43 per cent on the back of higher activity in the second half of the recently concluded FY26, will inch up further to up to 45 per cent by the end of the ongoing fiscal, Crisil Ratings said. It attributed the shift in preference to lower interest rates in the bank lending market, which is likely to lead to a tapering in the debt capital market issuances. "While bank lending rates continued to decline throughout last fiscal, bond yields, after declining in the first half, inched up in the second half and remain elevated," the agency said. Additionally, the share of external commercial borrowing (ECB) issuances will also be muted in the near term, owing to geopolitical uncertainties and the resultant exchange rate volatility, it added. In such a scenario, securitisation is expected to

Banks' Q4FY26 performance may be stable amid global uncertainties

Stress may show up in MSME portfolio of banks going forward, brokerage say

Bank stocks' $95 billion rout may deepen as risks mount amid Iran war

Global investors withdrew a record ₹32,700 crore from the shares of financial services companies in the first two weeks of March, according to National Securities Depository data

Fino PB withdraws resolution seeking shareholders' nod to reappoint CEO

Bank says Rishi Gupta's candidature 'remains unaffected', proposal will be reconsidered after regulatory review

Willing and raring to go for a new term: HDFC Bank's Sashidhar Jagdishan

HDFC Bank CEO Sashidhar Jagdishan says Chakraborty's exit and UAE onboarding gaps are unrelated, stresses strong governance, compliance fixes, and growth-focused strategy ahead

The story behind promotions in PSBs and the growing need for reform

The challenge is to transform the promotion process from a source of distrust to a catalyst for developing genuine leaders

RBI's reassurance on HDFC Bank: What are systemically important banks?

RBI reassures on HDFC Bank after board exit, highlighting its D-SIB status and strong governance while explaining why systemically important banks are key to financial stability

3 senior bankers depart Raine Group India to launch new investment firm

Raine's marquee deals in India include the $8.5 billion joint venture between The Walt Disney Co and Reliance Industries Ltdn that combined their respective digital streaming and television assets

Multilateralism has role to play in tumultuous times: World Bank president

"The private sector and private capital mobilisation, combined with the money you can get from the public sector, combined with philanthropy, that's a good combination to work with," Banga said