The Hindu Businessline

Asbe stressed Indias need to ramp up its UPI growth as it currently lags behind countries like Brazil and China that took up such payment systems much later than India

RBI officials emphasised that loan pricing should be risk-based

He noted that technology is now embedded in almost every critical banking function, from core banking and payments to customer onboarding, credit assessment, fraud monitoring and regulatory reporting

The next generation of opportunities will come from advanced manufacturing, logistics, data centres, green energy, and global capabilities centres, said Ashish Jaiswal, Minister of State for Finance, Maharashtra

80% of the MDR collected would come from businesses with annual turnover of more than 1,000 crore, NPCI chief Dilip Asbe, said

Adoption among banks, however, remains at an early stage. Only 21 % of banks surveyed are currently actively scaling at least one accelerated intelligent money instrument, Capgemini said.

The proposed norms could change distributor incomes and insurance sales models, while potentially lowering costs embedded in policy premiums

HSBC aims to launch business in next few months; will target countrys high-net-worth individuals, sources say

NaBFID sold the bonds at a spread of 105 basis points above U.S. Treasury, and the coupon works out to be 6.1220%, sufficiently lower than the initial guidance of 130 bps.

RBIs recent swaps reflect the scale of cash surplus the central bank is currently tackling

The proposals also include cost audits and safeguards against indirect payments with the objective of ensuring greater accountability for the actual cost of distribution

Says Indias dependence on imported oil is set to decline, through alternative sources of energy and the quest to find its own oil reserves

The IPO will comprise a secondary offer of existing shares to be sold by the companys existing shareholders

India will have to mobilise very large volumes of capital over the next two decades for infrastructure, manufacturing, urbanisation, energy transition, enterprise and innovation, he said at the SBI Banking and Economics Conclave

The report, based on discussions with nine NBFCs at the Jefferies India Forum 2026, says demand remains strong across key lending segments and early festive-season trends were encouraging

The proposed strike by UFBU to demandimplementation of 5-day banking coincides with the preceding weekend holidays of September 26 and 27

The United Forum of Bank Unions, which claims to represent 90% of the banking workforce, is set to go on a three-day strike beginning September 28, primarily seeking a 5-day banking week, among other demands.

The company is looking to expand its nationwide presence to 500 branches across 15 states over the next three years

In identical letters to Rahul Gandhi and Mallikarjun Kharge, All-India Bank Officers Association seeks their immediate intervention by raising the matter on the floor of Parliament

The mechanism allows financiers to seek guarantee cover for eligible receivables, potentially encouraging wider participation in invoice-based MSME financing

The stake changed hands through 13 separate transactions, with mutual funds, an insurer and foreign investors among the buyers

Small finance banks lead at 93.8; PSBs and foreign banks at 93.7 as all categories stay in good band

Over 75% of policies now from tier II and III cities; August growth 70% as protection and retirement products gain traction

IBA informed that as demanded by the UFBU, the productivity linked incentive scheme for scale IV officers and above has been kept in abeyance as per Governments instructions

Companies may prefer mobilising funds at lower rates before borrowings costs go up

CD ratio around 80%; surplus liquidity at 5 lakh crore as loan-deposit gap narrows

The central bank received bids worth 71,971 crore, which it accepted fully, for a notified amount of 75,000 crore, according to an official release.

ICICI Prudential Life has 31 branches and 20,008 advisors in Keralam

The state-owned insurer placed bids worth about 4,500 crore ($470 million), sources aware of the developments said

The approvals are for Retail Payment Services and Card Schemes and Stored Value Facilities. PhonePe must obtain final regulatory approvals to begin operations in the UAE

As per the Directions, abank hasthe option to exclude certain structural foreign currency investments from the calculation of Net Open Position(NOP), on both standalone and consolidated basis

Bank unions have given call for 3-day strike between September 28 and 30

With the special 85-day FCNR (B) deposit scheme ending on August 31, mobilisation by banks under OFCB route too has slowed

The brokers UPI transaction share is below 2%, much lower than wider broking industrys reliance on UPI

S&P said the amount is equivalent to about 4.5% of the banking system's deposit base as of March 31, 2026

The issue has 10 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options

The introduction of E20 petrol has also created fresh operational challenges for dealers; dealers report concerns relating to storage, handling, equipment compatibility and material durability

The change in sentiment came at the end of a bruising week for digital assets that saw the failure of a landmark US crypto bill and the US Federal Reserves first interest-rate increase in more than three years.

With profit margins remaining limited amid intense competition, the additional fee on every transaction would increase operating costs and worsen the crisis faced by the sector

SBI Research report estimates that the enhanced FCNR(B) liquidity could support nearly 25 lakh crore of additional credit in the banking system

These bills were subscribed by SBI since 2019 and were extended six times, each for a year, till now.

The Latest Fixed Deposit Interest Rates: Sep 18, 2026

The Latest Home Loan Interest Rates: Sep 18, 2026

The debt instrument received an overwhelming response from international investors, with the order book reaching nearly three times the issue size, said BoM in a statement

Customers current IDFC FIRST Bank credit card now comes with zero forex markup, with no conditions attached, bank says

Issuance comprises five-year US dollar-denominated Senior Unsecured Notes, issued through Bank of Maharashtras IFSC banking unit under its $500 million medium-term note programme

AICPDF says B2B supply chain settlements should be exempt from MDR, govt should address tax implications

The auction will be conducted on September 18, 2026, with funds set to reverse on September 21, 2026

Turtlemints operating leverage at inflection point