PNB partners Digital India BHASHINI to offer multilingual AI banking
Public sector lender Punjab National Bank (PNB) has entered into a Memorandum of Understanding (MoU) with Digital India BHASHINI Division (DIBD) to enable multilingual AI banking services. Through this collaboration, BHASHINI’s advanced multilingual AI features will be integrated into PNB’s digital platforms, the bank said in a statement on Thursday. This initiative will allow customers […]
HDFC Bank trims workforce amid tech, AI ramp up
HDFC Bank ne FY26 me 3,343 employees (1.56%) kam kiye, jo 9 saal me pehli baar hua hai. Reason hai technology aur AI ka zyada use, jisse kaam faster aur efficient ho gaya. Axis Bank ne bhi ~3,100 employees reduce kiye, kyunki technology investments se productivity badhi hai. HDFC Bank ke CEO Sashidhar Jagdishan ke […]
FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive
Nirmala Sitharaman will meet public sector bank (PSB) heads to review progress of foreign currency deposits campaign. The aim is to attract NRI/OCI investors to deposit money in Indian banks. Reserve Bank of India has removed interest rate limits (till Sept 30) on FCNR(B) deposits (3–5 years) to make them more attractive. This step is […]
Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27
Indian Bank plans to recover ₹4,500–₹5,500 crore from bad loans in FY27. In the first quarter, it has already recovered ₹1,885 crore. Around ₹500 crore is expected from cases in NCLT (bankruptcy cases). The bank is also raising foreign currency deposits (FCNR-B): Collected $140 million so far Target is $2 billion by September Indian Bank […]
Bank credit growth hits two-year high of 18.6% in June-end fortnight
Bank lending increased 18.6%, the highest in 2 years. Banks gathered nearly ₹7 trillion in deposits, showing strong growth. In the last two weeks of June: ₹3.8 trillion loans issued and ₹6.97 trillion deposits added. This rise was driven by quarter-end pressure and foreign fund inflows. MSME lending improved due to the government’s ECLGS 5.0 […]
Bank credit growth seen moderating as corporates diversify funding
Bank loan growth is expected to slow down a bit. This is because big companies (corporates) are not depending only on banks anymore. They are raising money from other sources like bonds, stock market, or foreign funding. Companies ab sirf bank se loan nahi le rahi, dusre options use kar rahi hain, isliye banks ka […]
Bajaj Finance, Shriram Finance seen leading NBFC growth in Q1FY27
Bajaj Finance and Shriram Finance are expected to show the fastest growth among NBFCs in Q1 FY27.This is because they have strong loan demand, especially in retail (personal, consumer, vehicle loans).Their collections are stable and bad loans are under control, which supports profits. Yeh dono companies achha perform kar sakti hain kyunki log zyada loan […]
Banks set for strong earnings recover in FY27 on retail loan momentum, stable ma
Banks are expected to see strong profit growth in FY27. This growth will mainly come from higher demand for retail loans (like home, personal loans). Also, margins (earnings from lending) are likely to stay stable. Banks will earn more in FY27 because people are taking more loans, and their income from lending remains steady. economictimes […]
South Indian Bank says RBI approves Mahesh Muralidhar Pai’s appointment as MD, CEO
RBI has approved Mahesh Pai as the new MD & CEO for 3 years, starting from October 1, 2026. The bank’s board will discuss this on July 16, and then shareholders will give final approval. After this news, South Indian Bank’s share price fell sharply A new CEO has been approved, but investors reacted negatively, […]
SBI seeks priority sector status for all infra loans to boost investment
SBI (State Bank of India) has suggested a change to increase investment in infrastructure (like roads, railways, power, etc.). It said infrastructure loans should be counted as priority sector loans, so banks can lend more easily Or, these loans should be excluded from ANBC calculation, so banks don’t feel pressure from current rules Right now, […]