Bank News
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RBI Cancels Sarvodaya Co-op Bank Licence Over Capital Issues
RBI cancels Sarvodaya Co-operative Bank licence immediately due to inadequate capital. 98% of depositors to get full insurance up to Rs 5 lakh.
Govt Approves RRB Viability Plan 2.0 to Boost Rural Banking Sector
Govt approves RRB Viability Plan 2.0 for 2025-28, focusing on 30 performance metrics to enhance financial sustainability, governance, and rural credit expansion.
Govt Mandates E-Filing and Hybrid Hearings to Speed Up Debt Recovery Cases
DFS pushes mandatory e-filing, hybrid hearings, and e-DRT 2.0 to reduce pendency and speed up debt recovery cases in DRTs and DRATs.
IDBI Bank Disinvestment to Continue: FM Nirmala Sitharaman Confirms
FM Nirmala Sitharaman confirms IDBI Bank disinvestment will continue despite earlier bids falling below reserve price. No plans for PSB consolidation yet.
RBI Sets Rs 32,000 Crore G-Sec Auction for April 24 with Underwriting Rules
RBI schedules underwriting auction for Rs 32,000 crore in government bonds across four tenures. Details on MUC, ACU commitments for Primary Dealers.
Govt Panel to Review 26% Voting Cap for Private Bank Investors
A government committee will review the 26% voting rights cap for private shareholders in banks, a key hurdle in IDBI Bank privatisation.
RBI's New Auto-Debit Rules: 24-Hour Alert Now Mandatory for Payments
RBI's new e-mandate framework requires 24-hour prior alerts for recurring payments, with enhanced customer control and security.
RBI Tightens E-Mandate Rules, Adds Extra Authentication for Payments Over ₹15,000
RBI issues new e-mandate rules requiring additional authentication for recurring payments over ₹15,000 and high-value transactions to enhance security.
Indian Bank Credit Soars 16.1%, CD Ratio High at 81.4%
Indian bank credit grew 16.1% YoY to Rs 213.6 lakh crore, outpacing deposits. The Credit-Deposit ratio remains elevated at 81.4%.
RBI Eases Rupee Derivative Curbs to Revive Market Activity After Volatility
RBI relaxes April curbs on rupee derivative trades, withdrawing NDF bans and easing related-party FX rules to restore normal market hedging activity.
RBI Opens Early Exit For Gold Bonds: Investors Get 200%+ Returns
RBI opens premature redemption for SGB 2020-21 Series VII. Investors can exit with over 200% capital gains. Learn price, tax rules & procedure.
Banks Bullish on Credit Growth, Eye AI & Green Finance as Top Strategic Shifts
FICCI-IBA survey reveals banks' constructive outlook on credit growth, driven by retail, SME lending, and a focus on AI, cybersecurity, and green finance.
India's Banking Sector Shows Resilience with Strong Credit Growth Outlook
Survey shows India's banking sector resilient with strong asset quality, robust retail & SME credit growth, and early signs of capex revival.
HDFC Bank NRC to Decide on CEO Reappointment, Board Backs Keki Mistry
HDFC Bank's NRC to decide on CEO Sashidhar Jagdishan's reappointment. Board supports Keki Mistry as chairman. Q4 profit rises 8% to Rs 20,350 crore.
ICICI Bank Q4 Profit Jumps 9% to Rs 14,755 Crore; Declares Dividend
ICICI Bank reports a 9% rise in Q4 net profit to Rs 14,755 crore. NII grows 8% to Rs 22,979 crore. Bank announces Rs 12/share dividend.
HDFC Bank Q4 Profit Rises 8%, NII Grows Modestly Amid Leadership Exit
HDFC Bank reports 8% rise in Q4 net profit to Rs 20,351 crore. NII grows 3.2%, while advances expand to Rs 29.6 lakh crore.
India Updates Gold, Silver Import Authorisation List for 15 Major Banks
India's DGFT updates the list of 15 banks authorised to import gold and silver under FTP 2023, effective from April 2026.
Indian Banks' NPAs to Stay Low at 2-2.2% by 2027 Despite Risks: Crisil
Crisil Ratings projects stable asset quality for Indian banks with gross NPAs at 2.0-2.2% by March 2027, supported by strong corporate balance sheets.
HSBC Report: Women Financially Active But Need Tailored Life-Stage Advice
HSBC report finds women are intentional with finances but lack support from advisors. It calls for life-stage-based planning to close the "Fluency Gap."
RBI to Absorb Rs 2 Lakh Crore via VRRR Auction to Manage Liquidity Surplus
RBI to conduct a Rs 2 lakh crore variable rate reverse repo auction on April 17 to absorb surplus liquidity and stabilize money market rates.
RBI May Hike Rates If Crude Oil Stays Above $90, Warns Union Bank Report
Union Bank of India report warns of potential RBI rate hikes if crude oil stabilizes above $90/barrel, as inflation pressures mount. Details inside.
RBI Tightens NBFC Branch Rules: New Guidelines for Prudent Expansion
RBI releases 2025 guidelines for NBFC branch expansion, setting fund and rating criteria for state-wide vs. national operations to strengthen regulation.
PNB CEO: No Rate Hikes, Full 125 Bps Repo Cut Benefit Passed to Customers
PNB CEO Ashok Chandra states no increase in interest rates, full repo cut benefit passed on, and expresses confidence in India's resilient economy.
RBI Absorbs Rs 2 Lakh Crore Excess Liquidity in Major Banking Move
RBI announces Rs 2 lakh crore reverse repo auction to absorb surplus banking system liquidity, part of a revised management framework.
Indian Banks Resilient Amid Asia's Rising Credit Pressure: Fitch
Fitch Ratings says Indian banks remain resilient to regional credit stress but face margin compression and liquidity constraints. Learn the key risks.