Page 4 - Indian Banks

Limited room to buy bonds issued by states: India's biggest banks to RBI

Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year

Banks see thinning spreads, driven by credit dip, lower deposits, rate cuts

Growing competition in corporate and institutional credit as well as in home loans, and lower interest rates have also put pressure on lending margins

RBI mulls restricting shadow banks from duplicating parent businesses

The central bank has been watchful of potential blowups in the sector, and has warned shadow lenders it would not hesitate to take action against firms that pursue reckless growth

Credit card business to get fresh push from November onwards: PNB MD

In a bid to enhance other income, Punjab National Bank (PNB) plans to give a fresh push to its credit card operations from November onwards as it expects its revamped IT infrastructure to be in place by that time. "PNB credit card is not visible in the market, although the features are at par with any other card in the market. Therefore, we have strengthened the credit card division and put a general manager in-charge for the business. "We are also enhancing digital infrastructure to support the business. So, total revamping is happening in the credit card business," the bank's MD Ashok Chandra told PTI. The bank is planning to reshape this entire activity and come up with new direction for growing the credit card business, he said, adding that "in next 3 months, the revamped IT infra will be in place and I am very hopeful that by November or December onwards, PNB will be in full swing as far as credit card business is concerned". Chandra also said the bank is in the process of ...

Indian Bank sanctions ₹1,400 cr loans to MSME units at outreach camp

State-owned Indian Bank on Wednesday said that it has sanctioned loans of Rs 1,400 crore to small businesses at a 'retail outreach camp' in the country's financial capital. Sanction letters were given to 200 MSME and retail customers during the camp held recently, as per a statement. **** *Livlong 365 aims to invest Rs 100 crore Helathtech platform Livlong 365 on Wednesday announced that it is aiming to invest Rs 100 crore over the next 18 months. The company is planning to open 100 branches by 2027, which will require an investment of Rs 70-100 crore, according to a statement. **** *Niyo acquires Kanji Forex Travel fintech Niyo on Wednesday announced the acquisition of Kanji Forex for an undisclosed sum. The company also appointed banker Amit Talwar as the chief executive of its forex business, a statement said. **** Seeds Fincap raises Rs 50 crore in pre-series B round funding Non-bank lender Seeds Fincap has raised Rs 50 crore in a pre-series B round of funding from its

Tariff uncertainty may harm investment decisions: SBI chief CS Setty

But, the narrative around the uncertainty is more damaging and may cause delay in investment decisions and postponement of spending, he added

Banks must release funds without legal docs for survivor accounts: RBI

RBI says banks must release funds without legal documents in cases with survivorship clause or nominees; sets Rs 15 lakh threshold for claims without legal heir proof

RBI panel proposes shift to 7-day flexible funding window for banks

The panel has invited comments on the proposals by Aug. 29

RBI removes prior approval requirement for opening vostro accounts

RBI allows authorised dealer banks to open Special Rupee Vostro Accounts for foreign banks without prior approval, easing rules to boost rupee-based trade

TMB eyes home advantage in Thoothukudi's investment wave; to tap MSMEs

Tamilnad Mercantile Bank (TMB) aims to capitalise on the investment surge in Thoothukudi, focusing on salary accounts and MSME lending to boost business growth amid a ₹1 trillion investment boom

Sending money abroad: Choose platform that discloses exchange rates, fees

For the same amount remitted, compare how much the recipient will get across different service providers

Signs of slippage: Certain segments of borrowers require attention

Unsecured lending by scheduled commercial banks (SCBs) steadily grew over the past several years and touched 25.5 per cent of the credit extended in March 2023

PL Capital bets on domestic sectors, sees 6.5% Nifty growth in 12 months

PL Capital expects pharma, banks, defence, and staples to outperform in the near term as domestic demand revives

Bank NIMs may shrink by 30 bps in FY26 on loan repricing: Fitch Ratings

Fitch Ratings forecasts margin contraction in FY26 as 45% of bank loans reprice downward quickly; repo rate cuts and unchanged low-cost deposit share are key factors

RBI's liquidity steps to aid 100 bps rate cut transmission in 2025: Fitch

Credit rating agency Fitch Ratings says ₹5.6 trillion liquidity infusions and cash reserve ratio cut will support loan growth, though banks may see short-term pressure on margins

MSME lending a new driver of credit growth? Asset quality a key test

Credit growth to small and medium enterprises is outpacing all other sectors, but the test of asset quality lies ahead

Parliamentary panel on finance to meet today, review IBC, emerging issues

The central government is likely to bring an amendment in the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament

FinMin directs public sector banks to evaluate board performance

"Independent third-party board evaluations are a widely accepted global practice, and India has only recently begun adopting them," remarked S. Krishnan

Indian financial system resilient amid global uncertainty: RBI report

RBI Governor says financial stability is essential for growth, urges vigilance as global structural shifts make policymaking harder amid trade fragmentation, climate risks, and geopolitical tensions

Indian banks ready to lend, but tycoons show little appetite to borrow

Private sector expansion plans are at a three-year low, with bank exposure to key industries like roads, power and telecom down to 11% of their loan book, half the level seen a decade ago