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Bank unions strike Friday over a five-day banking week. AIBOC's Kushal Gupta explains the demand, workload concerns and digital banking cover.
PFRDA Chairman Sivasubramanian Ramann says final NPS Swasthya guidelines are due in days, with the health-focused pension product set for launch in about 30 days.
NABARD Chairman Shaji Krishnan V says AI models are being developed for on-demand Kisan Credit loans as rural lending goes digital.
Bank of Baroda report shows bank credit growing 3.7 times faster than NBFC credit, with banks dominating services and industry lending while NBFCs lead in retail.
Union Bank of India's maiden dollar bond issue was oversubscribed 7.8 times and listed on NSE-IFSC at GIFT City, marking its return to global debt markets.
Union Bank of India research says RBI may avoid an immediate CRR hike as surplus liquidity is likely to moderate through FY27, with VRRR and forex swaps as preferred tools.
EPFO releases August pension to 4,40,901 Kerala pensioners ahead of Onam via the new Centralized Pension Payment System, ensuring timely festival support.
UFBU announces nationwide bank strike on Sept 11, plus a 3-day strike from Sept 28 and indefinite strike from Oct 26, over five-day banking, PLI scheme and pension demands.
HDFC Securities customers saw incorrect mutual fund NAVs on InvestRight, showing losses up to 70%. The firm says it was a display issue.
SBI revises Basic Savings Bank Deposit cash withdrawal charges to Rs 15 plus GST per transaction beyond four free withdrawals, effective Oct 1.
Shabnam Sinha becomes Airtel Payments Bank Chairperson from Oct 2026, succeeding Sunil Bharti Mittal. RBI approves three-year term.
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.
