#banks
Banks disburse over Rs 524 crore loans to nearly 15 , 000 beneficiaries in Tripura
Banks need to act fast as customers turn to AI for stock picks and savings yields: McKinsey & Company
Customers are adopting generative artificial intelligence (gen AI) much faster than previous technologies, leaving banks with little time to adjust and forcing them to act quickly, according to a report by McKinsey & Company.
Markets steady at midday; Adani, Coal India surge while banks, healthcare drag
Markets hold steady at midday, with Adani and Coal India rising while banks and healthcare face selling pressure.
Can recovery agents threaten or harass you? Here's what the new RBI rules say – ‘no excessive calls’
RBI’s 2026 recovery rules aim to curb harassment and strengthen borrower protection, with strict action against intimidation by banks and NBFC agents. Recovery agents cannot harass borrowers, while borrowers must also understand and fulfil their financial res…
Indian banks seek hedging cost subsidy from RBI to raise dollar funding, sources say
The central bank met with treasury heads of large banks through last week, ahead of a monetary policy review on June 5, where the suggestions were discussed
Can NRIs get Indian credit cards? Here’s what banks don’t tell you
Premium Indian credit cards can offer NRIs strong rewards, travel perks and family support—but forex fees, KYC norms and eligibility rules can complicate the math.
LIC emerges as highest profit-making financial company in March quarter
Life Insurance Corporation of India has achieved the highest profit in the Indian financial sector for the March quarter. The company reported a significant jump in net profit. State Bank of India and HDFC Bank followed with substantial profits. LIC's assets …
Saturday bank holiday: Are banks open or closed today on May 23, 2026?
Bank holiday today: Planning a bank visit today, May 23, 2026? First check whether banks are open in their city, as closures may vary depending on the weekly holiday schedule and state-specific holidays.
Banks Must Handle Agricultural Loan Disbursement Seriously – Chief Minister Devendra Fadnavis
Banks cannot disable mobile phones of defaulting borrowers: RBI proposal
The Reserve Bank of India on Wednesday proposed that banks cannot disable or restrict the mobile phones of defaulting borrowers to recover personal, car, or home loans, as part of efforts to curb aggressive recovery practices.
Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this case
If the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of a borrower, it shall ensure adopting a graduated approach rather than disabling the device, ab initio; it can’t disable …
Banks step up hiring of apprentices to cut costs, expand operations
Data on recent recruitment trends show that banks are increasingly using apprentices to meet manpower requirements arising from the expansion of marketing, customer outreach, etc.
New financial services features on app to help work in collaboration with banks, says NPCI BHIM Services MD
NPCI BHIM Services plans new app features to enhance collaboration with banks and improve profitability, says MD Lalitha Nataraj.
Banks need to push Atal Pension Yojana subscribers toward higher pension slab: DFS Secy
Financial institutions are urged to guide Atal Pension Yojana subscribers towards higher pension slabs. Many subscribers remain in the minimum Rs 1,000 monthly pension category. This amount may not be sufficient in the future. Banks must counsel individuals t…
Banks eye loans against mutual funds to tap young customers
Indian banks are increasingly offering loans against mutual funds. This move targets younger, tech-savvy customers who prefer market-linked investments. Banks are leveraging digital platforms for a seamless process. This product is expected to gain popularity…
RBI seeks more granular risk, capital disclosures from banks
Banks will also have to provide narrative explanations for major changes in these parameters from one reporting period to another, including the factors driving such movements and the management response to evolving risks
Rupee finds some footing on dollar offers from state-run, foreign banks
The Indian rupee edged higher on Tuesday, recovering from an early dip near an all-time low. Dollar offers from state-run lenders and foreign banks provided support, with traders suspecting central bank intervention. The rupee faces ongoing pressure from a wi…
RBI discontinues investment fluctuation reserve requirement for banks
The Reserve Bank of India has discontinued the Investment Fluctuation Reserve for commercial banks. This change takes effect from May 18, 2026. Balances in the IFR will be transferred to other reserves. The Reserve Bank has issued separate circulars for coope…
RBI dispenses with commercial banks’ requirement for investment fluctuation reserve
RBI removes Investment Fluctuation Reserve requirement for banks, enhancing operational flexibility while maintaining prudential safeguards.
GoAir dues: Banks slash reserve price of Thane plot
Mumbai: Central Bank of India has cut the reserve price for a 94.7-acre land in Thane owned by Wadia Realty Private Limited, part of the Wadia Group t.
Pennant Launches Agentic AI Studio to Help Banks and Financial Institutions Move AI in Lending from Pilots to Production
Accelerating deployment of domain-aligned AI agents across the lending lifecycle with built-in governance and auditability
ECLGS 5.0 set to boost mid-sized banks with strong MSME focus
The new Emergency Credit Line Guarantee Scheme 5.0 is set to boost mid-sized banks. These banks have a larger share of loans to micro, small, and medium enterprises. The scheme aims to facilitate significant credit flow. Government guarantees will encourage l…
Decoding banks’ return to health
Model of debt induced consumption led growth is not sustainable for long. It is subject to income shocks
New Malware Builder Targets 700+ Banks Across the Globe, Allows Thieves To Steal Credentials and Take Over Accounts: Report
A new malware-as-a-service threat is targeting hundreds of banks around the world by giving cybercriminals tools to steal credentials and take over accounts. According to a new advisory from the cybersecurity firm iZOO Logic, the threat was identified as a Te…
Anthropic's Mythos set off a cybersecurity 'hysteria.' Experts say the threat was already here
The arrival of Anthropic's Mythos jolted banks, software giants and governments into reckoning with a new era of cyber attacks. But the threat is already here.
Centre working to restore gold import tax exemption for banks; shipments resume after IGST glitch: IBJA
The Centre is expected to issue a rectification order within 48-72 hours to restore the tax exemption for gold-importing banks after a notification accidentally withdrew the benefit, IBJA National Secretary Surendra Mehta said.
Banks well-placed to transition to expected credit loss provisioning: Fitch
Banks are sufficiently capitalised to transition to the expected credit loss (ECL) framework, which has now been finalised by the Reserve Bank of India, Fitch Ratings said on Thursday.
UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SC
The submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journalist Sucheta Dalal seeking a direction to set up a mechanism to inform the legal heirs of deceased depositors about the u…
India is said to plan new platform for bond derivative trades
Bond forwards are widely used by Indian insurers to hedge interest-rate risk. Banks typically sell the contracts, agreeing to deliver securities at a fixed price on a future date
RBI cautions against misleading campaigns promising loan waivers
Attention all borrowers! The Reserve Bank of India has flagged a concerning trend involving fraudulent loan waiver initiatives. These duplicitous campaigns claim to erase debts owed to banks and non-banking financial companies (NBFCs) but are merely traps set…