Indian Banks

SBI to hire 12,000 personnel, add 250 new branches during FY27: Chairman

State Bank of India (SBI) intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender. "In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This number may vary depending on retirements and emerging requirements, but I expect we should close the year with around 12,000 recruitments," he told PTI in an interaction. "Last year, we have done fairly large recruitment because we took 1,500 specialist IT officers. This year, we do not need such a large number on the IT (information technology) side," he said. With a workforce of over 2.45 lakh employees as of March 2026, SBI is among India's largest employers. SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26. On

RBI's swap window: Indian lenders' bond rush nets over $3 bn in 10 days

So far in 2026, Indian lenders have raised a record of over $10 billion through US dollar bonds, with more issuances expected as the RBI's concessional swap window remains open

Domestic lenders set record with $8 billion in dollar bond sales

The offerings reached $8 billion Thursday, breaching the previous record of $7.92 billion hit in 2019, according to data

Datanomics: Public sector banks lag in RBI penalty count, but lead in cost

RBI data shows a sharp divide among the categories of lenders in terms of penalties imposed

Zero PSB locker thefts in FY26: How bank lockers are secured in India

Public sector banks reported no locker thefts in FY26 after 40 cases over the previous four years. RBI guidelines prescribe security standards, customer alerts and bank liability for losses

Banks collected ₹7,086 crore as minimum balance penalties in FY26: Govt

According to the Finance Ministry, private sector banks accounted for nearly 70 per cent of the total minimum balance charges collected in FY26

India's silver imports slump as licensing curbs disrupt shipments

India imposed licensing requirements for silver imports in May to preserve foreign-exchange reserves, sending shipments plunging to an estimated 29 tonnes in June from 747 tonnes in January

IndusInd Bank posts 72% rise in Q1 profit on lower provisions, slippages

The lender reported a 72% rise in June-quarter profit as lower provisions and easing slippages improved earnings despite modest NII growth and continued pressure on margins

Punjab & Sind Bank Q1FY27 result: Net profit jumps 23% to ₹331 crore

Public sector lender Punjab & Sind Bank on Saturday reported a 23 per cent rise in net profit to Rs 331 crore during the June quarter, aided by improvement in core income and decline in bad debts. The lender had earned a net profit of Rs 269 crore in the same quarter of the previous fiscal year. The total income increased to Rs 3,546 crore during the June quarter from Rs 3,379 crore in the same quarter of the previous fiscal year, Punjab & Sind Bank said in a regulatory filing. Interest earned by the bank improved to Rs 3,213 crore compared to Rs 2,911 crore in the June quarter of FY26. The bank's net interest income also increased 15 per cent to Rs 1,038 crore from Rs 900 crore in the same quarter in the previous financial year. Net interest margin was at 2.53 per cent at the end of the quarter under review. During the period, the operating profit of the bank increased marginally to Rs 545 crore compared to Rs 540 crore a year ago. The bank's asset quality showed improvement .

RBI's forex deposit measures raise hopes of margin recovery for banks

RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings

South Indian Bank Q1 result: Profit rises 17% to ₹378 cr as provisions fall

Net interest income increased 23.1% to ₹1,024.72 crore, while provisions fell 64.7% and the gross NPA ratio improved to 1.38% year-on-year

India, UAE central banks meet to discuss foreign-currency deposit issues

The RBI and UAE central bank are discussing regulatory hurdles as India seeks to attract more foreign-currency deposits from NRIs to strengthen forex reserves

FDI will gather pace in H2CY26, says Citi India CEO K Balasubramanian

Balasubramanian said the Reserve Bank of India's recent measures to attract foreign capital could bring as much as $75 billion in inflows

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

Q1 results preview: Banks' earnings may reflect healthy loan growth

Healthy credit growth and treasury gains are expected to lift banks' Q1FY27 profits, while asset quality remains stable despite concerns over the West Asia conflict

1st in nearly a decade: ICICI Bank plans to raise $500 mn via dollar bonds

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing

Banks set to book healthy treasury gains in Q1 FY27 as yields slump

Rupee sees strongest monthly rise since West Asia war started

Musical chairs? Axis Bank, Bandhan Bank CFOs quit within an hour

Back-to-back CFO resignations at Axis and Bandhan Bank fuel speculation of a leadership reshuffle, with Puneet Sharma tipped for HDFC Bank's top finance role

Banks wait & watch as dollar-bond investors seek richer returns

Premium rose steadily after HDFC secured tightest-ever spread for an Indian lender

Markets hope for weekly update of FCNR (B) inflows under swap scheme

Market participants expect the RBI to disclose FCNR(B) inflow data regularly after asking banks to submit daily figures under the special concessional scheme