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Banks plan to e-auction cars, vehicles on BAANKNET to speed up recoveriesBanks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streamline the recovery of non-performing...- PSB PLI scheme deferred amid employee concernsThe finance ministry said in a statement Monday it has taken cognisance of the concerns and decided to keep the implementation in abeyance ...
- Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representationThe government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations see...
- Forex reserves hit record $740.8 billion, lift rupeeBy the end of August, India recorded an unprecedented $740.8 billion in foreign-exchange reserves, which has significantly fortified the va...
- LCR reset creates ₹2.1 Lakh-crore lending headroom for PSU BanksPublic sector banks gained significant lending headroom after liquidity requirement relaxation. This allows them to sustain credit growth w...
- Kotak Mahindra Investments' CFO Siddarth Gandotra resigns, Hiren Vora to succeedSiddarth Gandotra resigns as CFO of Kotak Mahindra Investments Limited on August 31, 2026. Hiren Vora will assume the CFO role starting Sep...
- PNB Housing outshines peers on strong loan growthPNB Housing Finance shares have seen significant gains this year. The company is focusing on affordable and emerging housing segments. This...
- Shifting Gears: PSBs borrow more to cater to credit demand as deposits lagPublic sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private...
- EAC-PM paper suggests consolidation of banks of equal size without compromising market competitionThe Economic Advisory Council to the Prime Minister proposed consolidating Indian banks into larger, equally sized entities. This consolida...
- India has fixed its PSU banks. Now comes the more ambitious partThe EAC-PM has proposed consolidating India’s public sector banks into a few large, comparable institutions to meet rising credit demand an...
- India adds 1.26 million credit cards in July as spending rises; HDFC, SBI lead the wayhealthy demand Industry card additions rise 11.5% over June; Card spends hold above ₹2 lakh-crore mark; Transaction volumes surge but the v...
- Regional rural banks told to speed up tech adoptionRegional rural banks are urged to accelerate modern technology adoption and digital services. Their net profit reached an all-time high of ...
- FCNR deposits emerge as banks’ new FY27 growth lever: ReportIndian banks anticipate stronger net interest income and earnings growth in FY27. This outlook is supported by robust foreign currency depo...
- Private capex confidence still catching up as uncertainty clouds investment decisionsCompanies are deferring investments due to uncertain demand and volatile commodity prices. Large capital projects require confidence in fut...
- Sitharaman asks public sector banks to get ‘cool’ for Gen Z with courses, lifestyle perksFinance Minister Nirmala Sitharaman wants public sector banks to appear more appealing to young customers. She urged banks to engage direct...
- Public sector banks have ‘considerable strength’, says FM Sitharaman; asks them to use it with ‘greater ambition’Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and urged them to use it with “grea...
- Finance Minister Nirmala Sitharaman urges PSBs to sharpen youth outreach, build ahead of demandFinance Minister Nirmala Sitharaman urged public sector banks to attract young customers. She suggested a focused 'Banking for Youth' campa...
- Top 10 private banks cut over 10,000 jobs in FY26 as AI reshapes hiringIndia's top private banks are reducing their employee numbers significantly. This workforce contraction occurred after substantial hiring i...
- Banking sector in strongest position to undertake reforms, high-level panel coming soon: FM SitharamanFinance Minister Nirmala Sitharaman on Monday said India’s banking sector is in its strongest position to undertake the next phase of refor...
- Parliament roundup: Trade pact talks, supply chains, jobs and agriculture in focusTextiles and apparel exports are projected to reach 3.3 lakh crore by FY26. Tobacco product exports saw significant growth in quantity and ...
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