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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.
Kotak Mahindra Bank reports 26% YoY rise in Q1FY27 net profit to Rs 4,123 crore, driven by lower provisions, robust loan growth, and higher fee income despite NIM pressure.
Axis Bank Q1FY27 net profit jumps 22.5% to Rs 7,113.92 crore, driven by a 43.7% fall in provisions. NII up 8%, but other income declines.
Central Bank of India reports 13.3% rise in Q1 net profit to Rs 1,324 crore, driven by higher NII and lower provisions. GNPA ratio improves to 2.60%.
Himachal Pradesh State Cooperative Bank halts digital banking from July 17-22 for CBS upgrade to Finacle under NABARD project.
South Indian Bank shares fell nearly 10% after RBI approved Mahesh Muralidhar Pai as MD & CEO. The stock traded at Rs 44.23, down over 7%.
Indian banks' credit growth to remain steady at 14% in FY27, with PSBs leading CD ratio improvement, says MOSFL report.
New FCNR deposit rules expected to boost bank deposit growth by 150-200 bps, driving credit growth of 14-15% in FY27, says Anand Rathi report.
RBI reports scheduled commercial banks reduced one-year median MCLR to 8.50% in June 2026, with mixed lending rate movements and rising deposit rates.
CBI held a coordination meeting with top Finance Ministry officials and public sector banks to expedite investigations into bank fraud cases and resolve procedural bottlenecks.
