Indian Banking System

Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27: MD

Public sector lender Indian Bank is targeting up to Rs 5,500 crore from the recovery of bad loans during the current financial year. "The recovery made during the first quarter was Rs 1,885 crore, and the aim is to garner Rs 4,500 crore to Rs 5,500 crore under this head in FY27," Indian Bank MD and CEO Binod Kumar told PTI in an interaction. Of this, the Chennai-based bank hopes to realise Rs 500 crore during the ongoing financial year from cases listed before NCLT. Asked about the foreign currency deposit mobilisation drive started last month, he said the bank has collected USD 140 million till July 9. "My plan is to raise around USD 2 billion in FCNR (B) deposits till September. It may seem high, but I already have a pipeline of USD 1 billion," he said. Indian Bank currently offers interest rates varying from 5.5-6.5 per cent on FCNR (B) deposits depending on tenure and amount. In a bid to attract foreign currency deposits by Non-Resident Indians (NRIs), Overseas Citizens of In

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

Indian banks curb short-term debt sales as RBI aids cheaper forex funding

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI

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

ToneTag unveils AI banking assistant for millions of small merchants

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

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

RBI injects ₹1.41 trn liquidity in banking system via 7-day VRR auction

The Reserve Bank of India (RBI) on Tuesday injected Rs 1,41,171 crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction. The funds were infused at a cut-off and weighted average rate of 5.26 per cent, according to the RBI's release. This was done after the liquidity in the banking system turned in to deficit of Rs 19,971.89 crore as on June 22, from a surplus of Rs 30,685.11 crore as on June 21. Experts attributed the tightening of liquidity to the outflows on account of goods and services tax (GST) payments from the banking system. The liquidity entering the deficit territory has put pressure on the overnight money market rates, with weighted average call money rate trading at 5.43 per cent, which is 0.18 per cent above the RBI's repo rate. Similarly, the tri-party repo (treps) were trading 0.05-0.07 per cent over the repo rate. In the last few days, the central bank has been infusing transient liquidity into the banking system as i

RBI announces seven-day VRR auction worth ₹1 trillion next week

The Reserve Bank of India will conduct a seven-day variable rate repo auction worth Rs 1 trillion to manage evolving liquidity conditions in the banking system

Punjab & Sind Bank aims to cross total business milestone of ₹3 trn in FY27

State-owned lender Punjab & Sind Bank intends to achieve a milestone total business of Rs 3 lakh crore by end of the ongoing financial year helped by loan growth. "We have achieved total business of Rs 2.63 lakh crore in FY26, registering a growth of 15 per cent and hope to cross Rs 3 lakh crore during the current financial year," Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. The bank is expecting a credit growth of 16-18 per cent and deposit expansion of 13-14 per cent in the ongoing financial year, he said. With this kind of credit and deposit growth, he said, the bank can surpass Rs 3 lakh crore business mix, which is total of advances and deposits. To meet the credit expansion, the bank is also planning to raise resources from both equity and debt. Punjab & Sind Bank is eying to mobilise up to Rs 3,000 crore via share sale on a private placement basis in a bid to meet the minimum public shareholding (MPS) norms of market regulator Sebi. As per Sebi norms, ..

HSBC names Gautam Anand to lead Global India private banking unit

Anand, a veteran banker with 25 years of experience, will oversee HSBC's global India private banking franchise across India and key international hubs

RBI pulls out ₹2 trillion transient liquidity via 7-day VRRR auction

The Reserve Bank of India (RBI) on Friday pulled out Rs 2,00,031 crore transient liquidity from the banking system through a seven-day variable rate reverse repo (VRRR) auction. The central bank had received higher bids worth Rs 2,28,098 crore than the notified amount of Rs 2 lakh crore in the auction. The RBI accepted the bid at a 5.24 per cent cut-off rate and 5.23 per cent weighted average rate. Currently, the liquidity in the banking system is estimated to be in surplus of around Rs 4.09 lakh crore. Before this, the central bank had conducted a seven-day VRRR auction on April 10 and pulled out Rs 2,00,041 crore of transient liquidity from the banking system. These funds were reversed today into the banking system. "Going ahead, we will continue to be proactive and pre-emptive in liquidity management and ensure sufficient liquidity in the banking system to meet the productive requirements of the economy," RBI Governor Sanjay Malhotra said during the April monetary policy.

Banking system liquidity improves to 4-yr high on back of Gsec maturities

Banking liquidity hits four-year high on G-sec maturities, with surplus nearing ₹5 trillion and call rates softening as RBI signals continued proactive support

RBI injects ₹79,256 crore into banking system via overnight VRR auction

The Reserve Bank of India (RBI) on Monday infused Rs 79,256 crore transient liquidity into the banking system through overnight variable rate (VRR) auction. The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a release. The liquidity injected was much lower than the notified amount of Rs 1 lakh crore, despite the sharp drop in surplus liquidity in the banking system due to advance tax payments. Currently, liquidity in the banking system is estimated to be in deficit of about Rs 65,395.64 crore as on March 23. On March 20, the central bank had infused Rs 25,101 crore transient liquidity in the banking system through a three-day VRR auction. On March 17, the RBI injected Rs 48,014 crore liquidity in to the banking system via seven-day VRR. Prior to this, the RBI infused Rs 3.50 lakh crore of durable liquidity into the banking system through open market purchase (OMO) of government securities since January 2026.

The road to 2047: Some thoughts for banking panel for Viksit Bharat

Issues the high-level committee can look into to prepare the Indian banking system for 2047

Foreign banks find India growth story comes with strict entry conditions

While India offers one of the most compelling growth opportunities in coming decades, overseas bidders in the financial sector face tight voting caps, onerous processes and long payback timelines

RBI's additional liquidity support to wind down after March: Bankers

India's banking system liquidity surplus has averaged around 1.1 per cent of deposits this month, inching past the 1 per cent threshold that the Reserve Bank of India indicated in December

Will wipe out ₹2,162 crore losses by March 2028: Bihar Gramin Bank Chairman

Bihar Gramin Bank's JEEViKA exposure at ₹11,500 crore; NPAs below 2%

When banking and policy converge: Navigating a changing landscape

Private bank CEOs say faster change, sector specialisation and new products like M&A financing are key as banks adapt to shifting corporate funding and growth needs

Why India needs bigger, global scale banks for the next growth phase

Top PSU bankers argue India needs a few global-scale banks to fund big projects, invest in tech, and support a $35-40 trillion economy by 2047