If a sale goes through, Deutsche Bank will be the second large foreign bank to exit the India retail banking market, since Citi sold its business to Axis Bank in 2021.

ONGC has another $600 million stuck in Venezuela due to sanctions.

AI adoption can help banks overcome the challenge posed by limited productivity gains, the report said, adding that many banks are already adopting such tools.

Earlier today, ICICI Bank has sharply raised its minimum average monthly balance requirement for metro and urban savings account holders to Rs 50,000 for new accounts effective Aug. 1.

According to the draft circular, banks will now require prior approval from the RBI before launching full-scale transactional digital banking services.

While there could be nearterm pain, Systematix' long-term growth outlook for the banking sector remains positive

Mid-sized and small finance banks, especially those with higher exposure to unsecured lending, are expected to report elevated credit costs.

The Reserve Bank of India said in a statement it will drain 1 trillion rupees ($11.7 billion) on July 4 via a seven-day variable reverse repurchase auction

The brokerage prefers large private banks, citing selective risk-reward opportunities.

The State Bank of India confirmed that digital banking services including YONO, UPI and IMPS were restored by 14:00 IST on Tuesday following a disruption caused by a technical issue.

Nifty Bank and Nifty IT have shown divergent trends in 2025, with Indian banks benefiting from RBI policy support and IT services companies facing global inflation and weak deal momentum.

HSBC is combining macro strategy across asset classes including foreign exchange and fixed income, source says.

As of Dec. 31, 2024, SMFG India Credit reported assets under management worth Rs 53,100 crore.