The Hindu Businessline

Urges RBI to adopt targeted regulation instead of a blanket ban

However, reacting to dissenting creditors claims of 22,000 crore against him, Chandra on Thursday clarified that he has not borrowed any money from any lender.

The journey of PMJDY over the past 12 years has shown that financial inclusion can become a powerful instrument of economic transformation when policy, banking and technology move together.

Insurer says agentic AI push will be cross-subsidised and will not raise overall cost ratios

United Forum of IDBI Officers and Employees appeals Standing Committee on Finance in Parliament to revisit 2003 assurance in House as well as Lok Sabha, Rajya Sabha debates

The move comes as banks prepare to manage increased dollar liquidity and rising hedging costs ahead of the special deposit scheme deadline.

There is no more appropriate institution to munch on aspects of projected stake sale to foreign investors before it becomes irreversible, says United Forum of IDBI Officers and Employees

BoB will offer a yield of 5.3890% on the reissue, the bank said in a notice to stock exchanges

The personal CFO is based on a proprietary financial fitness scoreandwill empower every Indian to live a better financial life, Hitesh Sethia,MD & CEO said

The initiative extends international QR payment acceptance across the Banks merchant network

Company also weighing covers for cyber-related risks faced by bank depositors and identity theft

The proposed sale would reduce the shareholding of ICICI Prudential AMCs promoters to 85.6%

The lender has more than 460 home loan processing centres across India with nearly 28% market share

The model could help RRBs diversify their loan portfolios by increasing their focus on MSME lending, while rule engine-based underwriting is expected to support asset quality

In the State of the Economy report, published in the RBIs monthly bulletin, RBI officials noted that credit growth continued to remain healthy in July

Bank reacts to reports that a deal between it and Jana Small Finance Bank is likely in advanced stages

The weighted average domestic term deposit rate(WADTDR) on fresh deposits rose by 16 bps in June 2026

The paper found that PSBs efficiency improved to 93.12% in FY26 from 72.46% in FY20, citing subsequent capital infusion and technological upgradation in select PSBs as key reasons for improvement

Aditya Birla Health has designed four products for different customer profiles in the ICAI ecosystem

Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 as against the earlier cut-off date of September 30

Stronger lending, easing margin concerns and stable asset quality are supporting the sector, while private banks continue narrowing their growth gap

Integrated into WazirX's app and website, the tool allows users to ask questions about live crypto prices, market news and macroeconomic developments, among other functions

In an X post, the Prime Minister urged UPI users to share their experience with the interface

The original cryptocurrency rose as much as 2.9% to $81,257 Tuesday in Asia, a level last seen on May 15

The bank raised $300 million each through three-year and five-year papers at a coupon of 5.23% and 5.4170%, respectively

ICICI Banksaid its Notes issuance is part of its $7.5 billion Global Medium Term Note Programmeand the same has been raised through its IFSC Banking Unit

I believe international operations will remain at around 15% of our overall credit book, which is a ratio we are comfortable with, says the SBI Chairman

The extension of tenure is subject to approval of Reserve Bank of India

The appointments come on the heels of theappointment of former ISRO Chairman Somanath Sreedhara Panicker and re-appointment of industrialist Anand Gopal Mahindra as part-time, non-official Directors on the Central Board of RBI

Net profit jumps 82% to 19 crore; Q1 revenue rises 6.8% y-o-y to 830.5 crore

Annual UPI transaction volume rose from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26, an almost 13,000-fold increase

The subsidiary called Copthall Mauritius Investment Ltd plans to seek clarifications but is unlikely to appeal the order for now, sources said

The focus areas include green manufacturing, waste recycling and upcycling, cleantech, renewable energy, water management, environmental technologies and the sustainable use of indigenous resources

The All-India Bank Officers Association has demanded regulatory intervention to protect policyholders and retain IDBI Bank in the public sector

Banks saw stronger loan demand across key sectors, but slower deposit growth kept funding pressures elevated and the system-wide LDR high

The financial services firm noted improved banking sector health, citing cleaner balance sheets and stronger fundamentals as key factors for the positive outlook on Indian banks

An El Nio event of this magnitude and speed has the potential to create a macroeconomic shock well before the market has fully priced it, says Michael Ferrari, VP and Head of Research, Moby

Doubling down:Focus is on profitable, meaningful, qualitative growth: Chairman Setty

SBI Research noted that discrepancies among the MPC minutes, monetary policy statement, and Governors comments have caused uncertainty in the markets regarding future interest rates

The bank's board approved the issuance of foreign-currency-denominated bonds through its International Financial Services Centre (IFSC) Banking Unit (IBU) in GIFT City on Friday

Axis Bank will provide standby letters of credit to support financing extended by Citigroup through its offshore operations

As part of the programme, IIFCL is envisaging raising about $1 billion through long-term ECBs, with tenors of up to 15 years, under the MIGA Guarantee Facility, in multiple tranches

The campaign received an overwhelming response, with credit proposals mobilised amounting to 2,080 crore, of which 1,125 crore was sanctioned and 575 crore disbursed, the bank said in a statement

Setty said the scale of SBI's operations is closely linked to the performance of the Indian economy

India's private credit market remains relatively small at an estimated $25-30 billion as of March 2025, compared with around $1.4 trillion in the US

And the inflows are gathering pace as the RBI has cut short the deadline to offer concessional swap facility for fresh FCNR-B deposits mobilised by banks by a month to August 31, 2026

The RBI reported that authoriSed dealer banks recorded $65.397 billion in inflows from FCNR(B) deposits as of August 21

Non-commercial vehicle segments continued to gain ground across balance sheet

The report said blockchain technology has enabled the development of digital assets, including unregulated cryptocurrencies such as bitcoin and regulated digital assets such as stablecoins