INDIAN BANKING

Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks l...

The meeting addressed various banking challenges including credit-deposit ratio, cybersecurity, and digital frauds. Governor Das emphasized the need for robust cybersecurity controls and customer awareness initiatives to curb digital frauds.

Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 8...

Public sector banks in India are navigating the credit card market, facing challenges with high NPAs. The focus on tier-II and tier-III cities is driving credit card sales, with State Bank of India and Bank of Baroda leading in card spending through...

Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant measures include verification visits, latitude data, and washout logic analysis to deter money laundering...

Apart from continuously checking network activities and server logs to detect malicious intrusions, banks will have to monitor critical payment systems such as SWIFT (the messaging system to confirm cross-border fund transfers), card network (which ...

The Reserve Bank of India reported that Indian banks' gross NPA ratio reached a multi-year low of 2.8%, with net NPA at 0.6% by March 2024. The global economy faces risks from geopolitical tensions and high public debt, but India's financial system ...

"PSB Gaurav Bachat SB Salary account is exclusively designed to cater to the distinct banking requirement of serving and retired personnels. The product is also strategically aimed to tap Agniveers enrolled in the Agnipath scheme, ensuring a compreh...

The Finance Industry Development Council (FIDC) has urged for a dedicated refinance window through Small Industries Development Bank of India (Sidbi) to reduce NBFCs' reliance on banks and address liquidity challenges. FIDC also seeks harmonisation ...

​​The study evaluates efficiency by examining how effectively banks utilise their resources to produce output at an optimal scale.

Indian banks have significantly strengthened their position after enduring government scrutiny and bad loan challenges, according to CLSA. Balance sheets are robust, with profits quadrupling in a decade, and return on equity is at its highest since ...

Bankers have said the norms be subsumed within new provisioning rules that will require lenders to pre-empt assessment on potential losses. “RBI is also in the process of finalising the expected credit loss (ECL) based provisioning guidelines,” said...

Deposit growth had fallen from a peak of 18% in fiscal ended March 2020 to 10% in March 2022 as savers looked for better returns after a sharp fall in deposit rates due to the extraordinary interest rate cuts by RBI post-Covid. Though subsequent rat...

State-run banks are optimistic about a more lucrative performance-linked incentive (PLI) for employees and are advocating for a five-day banking week as a new coalition government takes charge. Bank unions and employee associations seek a review of ...

Moody's affirmed Baa3 ratings on Indian public sector banks BOB, Canara Bank, and PNB with stable outlooks, citing improved credit metrics, strong profitability, and adequate liquidity buffers. The banks are headquartered in Mumbai, Bangalore, and N...

As per the RBI's recent annual report, fraud cases surged to 36,075 in FY24, marking a significant rise from 13,564 reported in the previous fiscal year. The report highlighted that a majority of these frauds, in terms of volume, were related to dig...

Indian lenders are seeking a one-month extension from the government to comply with the Liberalised Remittance Scheme (LRS) for international credit card spends. The scheme allows Indian residents to remit up to $250,000 abroad in a financial year f...

India's top banks are set for asset quality improvement in the fiscal year, driven by record profits, which will enhance their balance sheets and underwriting standards. Despite a rise in HDFC Bank's nonperforming loans post-merger, all major banks ...

Indian Overseas Bank is set to establish 88 new branches across India in FY24. The bank recently opned a new branch in Nagapattinam and its 126th ATM in Puducherry. Managing Director and CEO Ajay Kumar Srivastava said that the bank's expansion strat...