Page 5 - Indian Banks

Good show by banks as most register a rise in profit, but challenges ahead

Overall, public sector banks have put up a better show than private banks on most parameters

Banks in need of better security as payment frauds triple in value

According to the central bank's latest annual report, more than half of frauds took place in digital or card-based transactions, even though they accounted for only 1.4% of the $4 billion in scams

The great disconnect: More bank branches, and same old ATM count

ATM growth remains flat despite rising branch expansion as digital payment preferences and high ATM maintenance costs reshape banking strategy

Stress in personal loans to alter asset quality trajectory: CareEdge

CareEdge expects a marginal rise in credit costs and gross NPAs in FY26 due to stress in unsecured personal loans and microfinance, though provisioning remains robust

RBI reviewing bank ownership structure, says Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra says the central bank is examining bank ownership structure and eligibility norms for licensing to meet the growing needs of an expanding economy

India may ease bank ownership rules as foreign interest, capital needs grow

Analysts say foreign banks are keen for deals in India, the world's fastest-growing major economy, especially as it angles for regional trade agreements

Banks set to miss fourth deadline to roll out cassette-swap system for ATMs

Banks, cash handling firms, and managed service providers are yet to work out the absorption of costs involved in the trade as well as the logistics of switching to the new system

Inflows in NRI deposits increases nearly 10% in FY25, shows RBI data

NRI deposits in Indian banks grew 9.9% in FY25 with FCNR(B), NRE and NRO deposits all rising; total outstanding touched $164.7 billion by March-end, RBI data showed

Banks seek overnight liquidity ops, easier reserve norms from RBI

RBI's main cash management tool has been the 14-day variable repo since a change in 2020 that was intended to lower banks' reliance on the RBI and push them to better predict their liquidity needs

RBI pushes lenders to revive funding market vital for monetary policy

While overall money-market turnover has risen to an average $70 billion a day, interbank trades account for just 2 per cent of that, down from 20 per cent a decade ago

FM asks banks to stay alert, says financial system remains robust

Finance Minister asks banks to ensure uninterrupted banking, cyber vigilance and ATM cash flow amid India-Pakistan tensions; insurers told to speed up claim settlements

J&K Bank aims to cross ₹5,000 cr profit mark by 2030: MD & CEO Chatterjee

Jammu and Kashmir Bank, which crossed the Rs 2,000-crore profit mark in fiscal year 2024-25, aims to cross the Rs 5,000 crore profit milestone by 2030, its Managing Director and CEO Amitava Chatterjee has said. Chatterjee emphasized on the need for the bank to focus more on supporting the agriculture sector, while expanding its footprints in the rest of the country as part of its diversification plan. "The vision or aspiration of the bank is to cross Rs 5,000 crore profit by 2030. So that will be our way forward. Yes, we have increased the net profit by Rs 300-400 crore in the last fiscal. Obviously we would like to increase it by Rs 500 crore next year, but the ultimate vision is to cross Rs 5,000 crore by 2030," Chatterjee told PTI. He said the bank has been raising the bar each passing year by posting record profits for the past three financial years. For the full 2024-25 fiscal, the bank reported nearly an 18 per cent rise in net profit to Rs 2,082.46 crore, compared to Rs ...

IndusInd Bank's risk management, leadership under scanner: Moody's

Yes Bank's profitability remains lower vis-a-vis private peers

Indian banks outperform global peers in digital transition, daily services

Indian banks have introduced features like real-time and future-dated payments, app-based banking through messengers, and virtual card issuance for online transactions, outpacing global peers

Banks reduce savings account interest rates to protect profitability

Recently, HDFC Bank, ICICI Bank, Axis Bank and Federal Bank announced nearly 25 basis points revision in their savings account interest rates

Warburg Pincus, ADIA units to invest $877 million in IDFC FIRST Bank

The entities will invest the funds for a combined 15 per cent stake in the mid-sized private lender which has 971 branches

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls

Financial Intelligence Unit imposes ₹37 lakh penalty on Union Bank of India

The Financial Intelligence Unit (FIU) has slapped a Rs 37 lakh penalty on Union Bank of India for discrepancies in reporting suspicious transactions for 2011-2014. In a regulatory filing on Wednesday, Union Bank said it "has taken necessary preventive measures to avoid recurrences of such non-compliances". Financial Intelligence Unit-India (FIU-IND) in its order dated April 15 imposed a penalty of Rs 37 lakh for "discrepancies observed in a matter for the year 2011 to 2014 in reporting of suspicious transaction". Shares of Union Bank were trading at Rs 124.70, up 1.88 per cent over previous close on BSE.

Aviation ministry seeks FinMin help to boost aircraft leasing at GIFT City

It has also raised concern over slow progress in developing aircraft leasing in India

IPL betting boom strains Indian banks as UPI handles trillions in flows

The frenzy of real-time IPL betting is testing the limits of India's UPI network, as banks struggle to manage surging digital transactions and prevent payment failures