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Indian banks' CASA ratio slipped to 34.4% in the July-September quarter of FY27 from 35.6%, as 360 ONE Capital flags rising funding costs and NIM risk in H2 FY27.
Yes Bank denied a report by The Banker claiming a $3.4 million cyber fraud loss involving government accounts, saying its systems are intact and no financial losses occurred.
India's foreign exchange reserves rose $2.49 billion to $719.547 billion in the week ended November 6, RBI data showed, as gold holdings surged $2.205 billion to $104.796 billion.
India's foreign exchange reserves rose USD 2.49 billion to USD 719.55 billion in the week ended November 6, 2026, RBI data showed, with gold reserves up USD 2.21 billion to USD 104.80 billion.
The Reserve Bank of India allows individuals to send up to Rs 50,000 in cash via NEFT at a bank branch without an account, with monthly caps and KYC checks.
NPCI introduced the UPI Vyapaar Saksham Scheme on November 11, offering Rs 300 per QR code and Rs 750 per soundbox to small merchants in Tier 3-6 towns and the North-East.
Kotak Institutional Equities said banks it covers posted 20 per cent year-on-year earnings growth in Q2 FY27, with provisions down 25 per cent and NII up around 15 per cent.
Scheduled commercial banks posted Rs 1.16 lakh crore net profit in Q2FY27, up 20 per cent YoY on higher net interest income and 19 per cent credit growth, CareEdge Ratings said.
The Reserve Bank of India issued consolidated directions on domestic money transfers, keeping the Rs 50,000 cash NEFT cap and adding velocity checks and customer alerts.
Merchants await NPCI's revised date for UPI MDR charges after Diwali. A 0.4% fee applies to P2M payments above Rs 2,000, capped at Rs 300.
Jefferies expects the RBI to raise the repo rate by 25-50 basis points at its December 4, 2026 MPC meeting, with bank credit growth seen easing to 14-16 per cent by March 2027.
India's credit growth accelerated to 21 per cent year-on-year in October, led by corporate and MSME borrowing, as HSBC raised its FY27 loan growth estimate to around 18 per cent.
ICICI Bank expects the 10-year benchmark bond yield to trade between 7.10% and 7.25% as lower crude oil prices and USD 2.5 billion in foreign inflows support the debt market.
Systematix Institutional Equities expects Indian bank profitability to stay healthy in FY27, with SBI's domestic NIM up 11 bps to 3.11 per cent and credit growth near mid-teens.
The Indian rupee appreciated 25 paise to 93.68 against the US dollar on Monday, helped by lower crude prices, foreign fund inflows and hopes of de-escalation in West Asia.
The Reserve Bank of India called social media messages about new CTS cheque books from January 1, 2027 factually incorrect, urging the public to rely only on official information.
HDFC Bank has raised fixed deposit rates by up to 50 basis points on select tenures below Rs 3 crore, effective November 4. General customers can earn up to 6.60 per cent.
The Reserve Bank of India has proposed stricter verification of agricultural loans and revised priority sector lending calculations, with comments invited until November 26.
State Bank of India opened an SBIC Bank branch in Frisco, North Dallas, Texas, inaugurated by Chairman Challa Sreenivasulu Setty, taking its US subsidiary count to eight.
India's foreign exchange reserves declined by USD 2.691 billion to USD 717.056 billion in the week ended October 30, RBI data showed, as foreign currency assets and gold reserves fell.
