#banking
Union Bank Apprentice Recruitment 2026 : Exam Scheduled for June 7 ; Check Official Notification PDF here
Eid ul Adha 2026 : Are SBI , ICICI Bank , HDFC Bank , others open or closed today in India on May 28 ? Details here
Credit card spending slows in April ; SBI Cards emerges as top outperformer while ICICI Bank lags
Union Bank to raise ₹8,000 crore through debt, equity mix
In a BSE filing, Union Bank said the board has approved raising of debt capital through Basel III-compliant additional Tier 1 bonds and/or Tier 2 not exceeding ₹5,000 crore
ATM cash not dispensed but amount was debited? 6 steps you should take immediately
ATM cash not dispensed but amount debited can cause stress, but RBI rules ensure refunds. Immediate proof saving, complaint filing and escalation help secure quick reversal of funds.
Slice swings to profit in first full year after North East SFB merger
Slice Small Finance Bank achieved a net profit of Rs 48.4 crore in FY26. This marks a significant turnaround after a substantial loss in the prior year. Total income more than doubled, reflecting strong growth. The bank is now focused on expanding credit acce…
CD rates on the rise could soon bring more on retail deposits
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equity benchmarks extended gains for a third consecutive session as strong buying in banking, financial, energy and auto stocks lifted market sentiment. Analysts signalled bullish technical momentum for Nifty, while broader market breadth, lower volati…
RBI tightens norms for re-appointment of directors on UCB boards
The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent dire…
FM asks lenders to go beyond standard loans, design credit repayments around biz cycles
Finance Minister Nirmala Sitharaman has called on banks to move beyond standard loan products. She emphasized the need for repayment structures that align with the specific income cycles of different businesses. This initiative aims to provide tailored credi…
Elias George, new part-time Chairman of Federal Bank
Elias George appointed part-time Chairman of Federal Bank, bringing extensive experience in administration and infrastructure development.
Private banks likely to outperform govt banks in earnings growth over next 2 years: Report
Private banks are set for stronger earnings growth in the coming two years. Loan growth is expected to be similar for both private and public sector banks. However, private lenders will likely see better profits due to stable margins and fewer risks. Public s…
SBI strike on May 25 and 26? Will State Bank of India branches be open or closed for two days?
State Bank of India branches will operate as usual on May 25 and 26, 2026. The planned two-day strike by the All India State Bank of India Staff Federation has been postponed. Customers can access all regular banking services without disruption. This decision…
Free airport lounge access via credit cards is getting tougher as banks tighten entry rules, set minimum spending criteria
The logic is simple: lounge access has become a heavily used perk. Banks earlier assumed that only premium customers or frequent flyers would visit lounges regularly. Instead, many customers signed up purely for lounge access, often with a fee waiver and othe…
‘Mice might have crawled over it’: Rs 20 bhel puri served on bank statement? Viral post leaves internet disgusted over privacy and hygiene nightmare
A bhel puri served on a printed bank statement has gone viral. The paper contained personal banking details. This incident raises serious concerns about data privacy in India. It also highlights hygiene risks associated with using discarded paper for food. Us…
RBI approves ICICI Bank CEO Sandeep Bakhshi’s reappointment till 2028
Sandeep Bakhshi will continue as ICICI Bank's chief executive for another two years. The Reserve Bank of India has approved his reappointment. Bakhshi's term will now extend until October 3, 2028. He has been leading India's second-largest private lender sinc…
IT sector a contrarian opportunity at current valuations: Aditya Shah
Aditya Shah of Hercules Advisors identifies power, banking, chemicals, and real estate as promising sectors for long-term growth amidst global uncertainty. While cautious on EMS due to valuations, he sees potential in quick commerce players demonstrating disc…
SBI staff threatens to go on two-day nationwide strike from May 25
SBI staff, under the All India State Bank of India Staff Federation, are threatening a two-day nationwide strike from May 25 over demands including adequate employee recruitment and stopping outsourcing of permanent jobs. The strike, potentially impacting ope…
55% of bank customers want better digital support on web and apps, branches important for KYC, documents: EY report
55% of Indian banking customers want improved digital support across the app, web and chatbot, according to an EY report. It further found that branch locations remain important for KYC updates and documentation tasks.
Banks Must Handle Agricultural Loan Disbursement Seriously – Chief Minister Devendra Fadnavis
RBI revives aggressive pre-market intervention to arrest rupee's slide, bankers say
The Reserve Bank of India aggressively sold dollars via state-run banks to halt the rupee's slide after it hit all-time lows. The intervention caused the rupee to surge significantly on the interbank market. This pre-open strategy, last used in March, aims to…
Ahead of Market: 10 things that will decide stock market action on Thursday
Benchmark indices closed marginally higher on Wednesday, led by gains in banking and auto shares, while IT and FMCG stocks capped advances. Analysts said Nifty remains range-bound with weak sentiment persisting below key resistance levels, despite easing vola…
BHIM Payments App sees 300% growth in FY26 driven by cashbacks and user trust
BHIM Payments App saw a significant 300% growth in FY26. Monthly transactions surged to 21.6 crore in March 2026. Cashback offers are a key growth driver. The app aims to expand to feature phones. NBSL is partnering with banks to embed BHIM technology into th…
Why credit guarantees don’t help a range of MSMEs
Bankers are hard-wired into overlooking enterprises that are too large for MUDRA, and yet unfamiliar with banking systems
RBI proposes tighter norms for recovery agents, bank employees; bars abusive language, blocking mobile phones: Details
The RBI has proposed stricter loan recovery rules, including mandatory certification for recovery agents, safeguards against harassment, grievance redressal mechanisms, and compensation for wrongful recovery actions. Lenders also cannot block mobile phones ov…
RBI reworks draft loan recovery directions following industry feedback
The draft norms also bar lenders from disabling essential features such as internet access, incoming calls, emergency SOS services and public safety notifications
Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
LONDON: HSBC appealed to staff members not to fight AI on Wednesday (May 20), saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human c…
Inside India’s biggest banking and financial services tech hubs
Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both s…
Customers trust banks with data, but only fully satisfied with fraud resolution: EY Report
The report highlighted that trust has emerged as one of the biggest differentiators for banks as customer expectations continue to evolve beyond products and pricing
Gold loans jump over 50% y-o-y, drive India's retail credit growth: Report
Report says total retail loans outstanding reached ₹170.2 lakh crore as of March 2026, registering a 16.6% year-on-year growth and a 4.6% quarter-on-quarter increase