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Bank of Baroda raises $700M via dual-tranche overseas bonds, with investor demand at $2.67B. Tightest-ever US Treasury spreads achieved.
RBI limits FCNR(B) swap facility to deposits till Aug 31, 2026, after $40.8B inflows. Forex reserves cross $707B.
RBI sets SGB 2019-20 Series III premature redemption at Rs 15,310/unit, 343.9% gain. Investors see 23.7% annualized return plus 2.5% interest.
India's bank deposits hit record Rs 269.4 lakh crore, boosted by RBI's FCNR swap scheme attracting $41 billion inflows, narrowing credit-deposit gap.
Finance Ministry examines restoring MDR on high-value UPI or tiered incentives to cut govt support; panel flags Rs 2,000 cr allocation vs Rs 20,700 cr industry cost.
FIBAC 2026 report: Indian banks shift GenAI from pilots to core ops, cutting credit turnaround 50-90%, boosting productivity and risk controls.
BCG's Hardik Shah says AI will reshape Indian banking, but cyber risks, governance overhaul, and shared infrastructure are critical for responsible adoption.
Govt clarifies no charges on UPI P2P transactions; MDR only for select merchant payments above threshold, says Finance Ministry.
RBI proposes new capital rules for banks covering derivative risks, replacing 2011 CVA framework. Effective April 2027, comments due by August 2026.
Unclaimed mutual fund dividends rose 15.7% to Rs 2,689 crore in FY26, while redemption proceeds fell. SEBI boosts DigiLocker, nominee reforms, and Niveshak Shivir.
SBI Chairman CS Setty expects deposit growth uptake in Q2 via FCNR(B), maintaining 10-11% FY target, with credit growth at 14-15%.
SBI reports 10.2% rise in Q1 net profit to Rs 21,121 crore, driven by higher interest income and lower bad loan provisions. Gross NPA improves to 1.47%.
India's bank credit growth to remain robust at 14% in FY27, with H2 moderation expected due to base effects, says HSBC report.
RBI's forex swap facility attracts $40.816B by July 31, with FCNR (B) deposits leading at $36.725B. Scheme open till Sept 30, 2026.
RBI directs banks in border districts to install note authentication and sorting machines, train staff, and impound counterfeit notes to curb FICN circulation.
India's regional rural banks achieve all-time high consolidated net profit of Rs 10,177 crore in FY26, with improved asset quality and credit-deposit ratio.
AU Small Finance Bank reports 4.3% sequential drop in Q1 net profit to Rs 796 crore, but 37% YoY rise. NII up 31.9% YoY, provisions down 30.4%.
Equirus expects stronger credit growth for Indian banks in FY27. NIM recovery, deposit costs, and retail loan growth are key monitorables for earnings outlook.
SBI Research says bank credit growth remains robust despite deposit gap widening to 5.3%, with Indian banks in a "goldilocks period" of strong capital and low NPAs.
Punjab National Bank reports 191% YoY increase in Q1 net profit to Rs 5,339 crore, with improved asset quality and strong growth in vehicle loans and digital transactions.
