Get latest Bank news updates covering banking sector, policies, interest rates, and financial services. Stay informed about banking developments, digital payments, and industry trends. Comprehensive coverage of banking sector. Your trusted source for Bank News.
Former CVC Suresh N. Patel will chair the Centre's high-level Banking for Viksit Bharat committee, which includes RBI Deputy Governor Shirish Chandra Murmu as a member.
The RBI said the weighted average lending rate on fresh rupee loans of scheduled commercial banks fell to 8.51 per cent in September 2026 from 8.61 per cent in August.
The government has set up a six-month high-level committee chaired by former CVC Suresh N Patel to recommend banking reforms, with RBI Deputy Governor Shirish Chandra Murmu as a member.
Indian travellers can now pay with UPI apps for online tickets to At the Top, Burj Khalifa in the UAE and Resorts World Sentosa in Singapore, the Finance Ministry said.
India's foreign exchange reserves declined by USD 1.269 billion to USD 719.748 billion in the week ended October 23, as gold holdings fell USD 2.650 billion, RBI data showed.
RBI data show non-food bank credit grew 19.1% year-on-year as of September 30, 2026, with services credit up 28.3% and industry and agriculture each up 19.5%.
The RBI Central Board, chaired by Governor Sanjay Malhotra, reviewed economic conditions and potential risks to India's outlook at its 625th meeting in Mumbai.
AU Small Finance Bank said it is investigating a potential data leak on a Salesforce-hosted platform holding limited vehicle loan customer data, adding its own systems are unaffected.
AU Small Finance Bank said it is investigating a potential data leak on a Salesforce-hosted platform holding limited vehicle loan customer data, after ScarlettGroup claimed a breach.
The Finance Ministry said the government and LIC retain residual shareholdings in IDBI Bank to benefit from value enhancement after the strategic restructuring.
India Post and UTI Mutual Fund have extended their MoU to expand doorstep KYC verification for mutual fund investors, especially in remote and underserved areas of India.
The Reserve Bank of India set the premature redemption price of SGB 2019-20 Series VI at Rs 14,213 per unit for the October 30 due date, based on a three-day gold price average.
Nearly nine in ten private banks expect mid-teens or higher credit growth over the next six months, the FICCI-IBA survey found, with slower deposits the top constraint.
India's credit cards-in-force rose to 123.8 million in September 2026, up 9.5% YoY, while total spending fell 6.2% on a high base, Jefferies said. SBI Cards held 19% share.
RBI Governor Sanjay Malhotra addressed the 36th Conference of State Finance Secretaries in Mumbai, urging prudent borrowing, better cash management and use of ULI and P-CBDC for DBT.
ICRA's Ashish Modani says bank profitability will stay steady in 2026-27, with credit costs benign and a high base behind slower FY2027 credit growth figures.
Boston Consulting Group expects Indian banks to keep resilient profitability in FY27 on strong credit demand and margin recovery, though West Asia oil risks could widen the CAD.
Deutsche Bank expects the RBI to lift the repo rate to 6.25 per cent by the first half of 2027, with a 25-basis-point hike in December 2026 and 50 more in H1 2027.
Anup Bagchi assumed charge as HDFC Bank's MD and CEO on October 27, 2026, after Sashidhar Jagdishan's tenure ended, with Q2 FY27 profit at Rs 19,610 crore.
ICICI Bank reports system liquidity surplus dropped to Rs 50,000 crore as of October 23, pushing the call rate to 5.70 per cent and prompting RBI variable-rate repo auctions.
