Bank Strike Jan 27: SBI, PNB Services Hit, ATMs May Run Dry
Public sector bank strike on Jan 27 may disrupt cash, cheque services for SBI, PNB, BoB customers. ATMs could be affected. Digital banking to continue.
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Public sector bank strike on Jan 27 may disrupt cash, cheque services for SBI, PNB, BoB customers. ATMs could be affected. Digital banking to continue.
Major bank unions announce a nationwide strike on January 27, 2025, demanding government approval for a five-day work week in the banking sector.
RBI to inject liquidity via Rs 25,000 crore VRR, $10 billion forex swap, and Rs 1 lakh crore OMO purchases in early 2026 to manage conditions.
RBI announces liquidity measures including OMO purchases, forex swaps, and VRR operations totalling over ₹2 lakh crore to ease banking system pressure.
Central govt approves 12-20% wage hikes & pension revisions for employees & retirees of PSGICs, NABARD, and RBI, benefiting over 93,000 people.
Bank of India reports 7.47% YoY rise in Q3 FY26 net profit to ₹2,705 crore, driven by improved asset quality with gross NPA ratio falling to 2.26%.
SBI Chairman Challa Sreenivasulu Setty details the bank's focus on AI adoption and cybersecurity resilience at the World Economic Forum in Davos.
SBI Chairman CS Setty highlights focus on AI, digital security, and sustainable finance at Davos, discusses robust credit growth and digital shift.
Motilal Oswal report forecasts a 16% earnings CAGR for banks from FY26-28, driven by stable margins, improved asset quality, and loan growth recovery.
Report highlights improved capital adequacy, asset quality, and profitability in Indian banking and NBFC sectors, ensuring resilience against stress.
Punjab National Bank reports highest-ever quarterly profit of Rs 5,100 crore in Q3, driven by improved asset quality and strong recoveries.
Public sector banks sanctioned over 3.96 lakh MSME loans worth ₹52,300+ crore using a new digital credit assessment model from Apr-Dec 2025.
IDBI Bank's Q3 FY26 net profit fell 46.6% QoQ to Rs 1,935 crore. NII declined 24% YoY, but asset quality improved and deposits grew 9%.
HDFC Bank reports 12.17% rise in Q3 net profit to Rs 19,806.63 crore. NII grows 6.4%, while asset quality presents a mixed picture.
ICICI Bank's Q3 profit declines to ₹12,538 crore, but asset quality improves. CEO Sandeep Bakhshi gets board approval for a 2-year re-appointment.
RBI data shows India's scheduled bank deposits reached ₹253.77 lakh crore in Dec 2025, with credit also rising to ₹208.14 lakh crore, signaling robust banking activity.
RBI mandates internal ombudsmen in banks & NBFCs for faster customer grievance resolution. New guidelines detail appointment & complaint review.
RBI grants in-principle approval to Japan's Sumitomo Mitsui Banking Corp to convert its Indian branches into a wholly owned subsidiary.
RBI proposes resuming UCB licenses with Rs 300 crore capital threshold. Read about the new eligibility norms and the sector's improved financial health.
RBI Deputy Governor SC Murmu warns digitalisation is blurring regulatory boundaries, creating systemic risks from cloud & tech providers, requiring agile oversight.