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Banking

Stay updated with the latest banking news, analysis, and trends

US Fed's Hawkish Stance Presses RBI's FCNR(B) Deposit Scheme

US Fed Policy Challenges RBI’s FCNR(B) Deposits

Discover how the US Fed’s hawkish stance and a strong dollar are impacting RBI’s FCNR(B) deposits, affecting NRI investors and banks.

By ThePip Desk•
A disused, two-story building in Gujarat, sealed with yellow tape, surrounded by trees and motorbikes.

Gujarat Fake Govt Office Scam: ED Uncovers Rs 22 Crore Fraud

Enforcement Directorate busts Rs 22 crore fake government office scam in Gujarat. Funds siphoned for fictitious projects, assets attached.

By Business Desk•
A wide shot of a financial district with a grand stock exchange building and numerous business people walking on the street.

General Atlantic Partners with JPMorgan for IPO Initiative

General Atlantic selects JPMorgan to lead a new strategic initiative focused on facilitating IPOs for its portfolio companies, signaling a major push into public markets.

By Business Desk•
Bank of America's Jio Credit Investment Signals India Growth Play

Bank of America Invests $1.9B in Jio Credit for India Growth

Bank of America invests $1.9 billion for a 49.9% stake in Jio Credit, aiming to capitalize on India’s rapidly expanding digital lending market and accelerate growth.

By Business Desk•
India's Microfinance Debt Overhang Eases as Stressed Borrowers Fall

India Microfinance Debt Eases: Stressed Borrowers Decline

India’s microfinance sector shows recovery as stressed borrowers with multiple loans significantly decrease, easing the debt overhang.

By Business Desk•
A man and woman in business attire sit at a table, looking at a tablet. A city skyline is visible through a window.

J&K Bank Partners with HDFC Life for Enhanced Insurance Options

J&K Bank and HDFC Life join forces to expand insurance product offerings, focusing on ‘Insurance for All by 2047’ with diverse protection and investment solutions.

By Business Desk•
Stacks of Indian Rupee and US Dollar notes inside a vault with robotic arms.

RBI Closes FCNR(B) Scheme Early to Boost Reserves

RBI advances FCNR(B) scheme closure to August 31, 2026, aiming to strengthen India’s external buffers and stabilize the rupee with $52B+ inflows.

By ThePip Desk•
A bank professional works at a multi-monitor desk in a modern bank, with a digital ticker displaying "DEPOSITS EXCEEDING $ MILLION."

Axis Bank Hikes FCNR(B) Rate to 6.40% for Large Deposits

Axis Bank leads large banks by increasing its FCNR(B) deposit rate to 6.40% for deposits over $1 million, effective August 17, 2026. Learn more.

By ThePip Desk•
A small, dilapidated building with boarded windows and a sign in Gujarati, surrounded by a barbed wire fence and dry fields.

ED Attaches ₹22.70 Cr in Dahod Fake Govt Offices Scam

Enforcement Directorate attaches ₹22.70 crore in assets linked to the Dahod fake government offices scam, uncovering fraudulent grants and fictitious departments.

By ThePip Desk•
Three male currency dealers in vests and shirts react with concern to screens on a trading floor.

RBI’s FCNR(B) Swap Closure: Rupee Weakens, Bond Yields Rise

The Reserve Bank of India unexpectedly closed its FCNR(B) forex swap facility early, impacting the rupee’s value and increasing government bond yields.

By ThePip Desk•
A young woman smiles at the camera while using a digital service kiosk in a bright, modern Indian bank.

India’s Financial Sector Expands: Axis Bank, YES Bank & More

Explore the rapid growth in India’s financial sector, featuring key developments from Axis Bank, Abakkus Mutual Fund, YES Bank, and J&K Bank.

By Business Desk•
A male trader in a blue shirt watches multiple screens displaying currency exchange rates, with INR/USD showing -2.85%.

Rupee Hits 17-Day Low: RBI’s FCNR(B) Swap Closure Triggers Fall

The Indian rupee fell to a 17-day low of 95.61 against the dollar after the RBI’s early closure of its FCNR(B) swap facility and rising crude oil prices.

By ThePip Desk•
A customer's hands extend a stack of Indian rupee notes to a merchant's hand at a market stall.

UPI MDR Reintroduction Looms: Public Currency Holdings Surge

Public currency holdings hit ₹41.8 lakh crore by July 31, FY27, amid potential UPI MDR charges. Explore the narrowing gap between cash and digital payments.

By ThePip Desk•
A man in a suit holds a smartphone displaying the "BOINZ - Freedom" app with a fingerprint icon.

Bank of India NZ Launches ‘BOINZ – Freedom’ Mobile Banking App

Bank of India (New Zealand) Limited launches its new mobile banking app, “BOINZ – Freedom,” on India’s Independence Day, enhancing digital services with features like domestic and international remittances.

By ThePip Desk•
A modern skyscraper, "Bharat Trust Financial", at the center, surrounded by other tall buildings like "Global Bank Corp." and "Asia Equity Holdings" at dusk.

Yes Bank Eyes Dollar Bond Sale to Test Investor Confidence

Yes Bank prepares its first dollar bond sale since 2020, aiming to gauge international investor confidence following its AT1 debt write-off and reconstruction.

By Business Desk•
A modern, empty apartment interior with a large window offering a panoramic view of the Mumbai cityscape.

Prajakta Mali Buys ₹6.42 Cr Goregaon Flat with ₹5.78 Cr Loan

Marathi actor Prajakta Mali invests ₹6.42 crore in a Goregaon East apartment, securing a ₹5.78 crore housing loan from Indian Bank.

By ThePip Desk•
PPFAS CIO Rajeev Thakkar Addresses Flexi Cap Fund Underperformance

PPFAS Flexi Cap Fund Underperformance: CIO Rajeev Thakkar Responds

PPFAS CIO Rajeev Thakkar addresses investor concerns over Parag Parikh Flexi Cap Fund’s underperformance, citing market cycles and an improving outlook. Learn more.

By Business Desk•
A wide shot of a modern financial district in an Indian city with tall glass buildings and people walking.

India’s Banking Reforms: High-Powered Committee Announced

Finance Minister Nirmala Sitharaman announces a high-powered committee to drive critical banking reforms in India, aligning with the ‘Banking for Viksit Bharat’ vision.

By ThePip Desk•
A woman in a blue suit stands in a modern bank lobby with a logo on the left and a map of India on a screen.

Shabnam Sinha Appointed New Chairperson of Airtel Payments Bank

Shabnam Sinha to lead Airtel Payments Bank as Chairperson, succeeding Sunil Bharti Mittal. Effective October 1, 2026, pending RBI approval.

By ThePip Desk•
A concerned man in a plaid shirt sits at a desk, looking at an open book with a stack of papers and a calculator.

FIDC to Fight RBI’s Revolving Credit Ban for NBFCs

FIDC plans to challenge RBI’s proposed ban on revolving credit for NBFCs, impacting ₹2 trillion in credit and potentially disadvantaging MSMEs and individuals.

By Business Desk•
Large stacks of US Dollar and Euro bundles fill a secure vault, with a central bank official near a vault door.

RBI’s FCNR(B) Swap Cost Minimal: $10.5B, SBI Research

SBI Research reports RBI’s FCNR(B) swap facility cost $10.5B, a minimal 1.45% of India’s forex reserves, not impacting its closure.

By ThePip Desk•
A woman in a light blue shirt uses voice commands to interact with a digital screen displaying housing finance details.

Agentic AI Revolutionizes Finance: Leaders Discuss Impact

Industry leaders from Salesforce, Godrej Capital, Mirai Asset, and Niwas Housing Finance explore Agentic AI’s transformative impact on lending, housing finance, and investments.

By Business Desk•
Suryoday Bank Hikes FD Rates: Earn Up to 8.77% on Your Savings

Suryoday Bank FD Rates Hike: Earn Up to 8.77%!

Suryoday Small Finance Bank increases FD rates to 8.77% for senior citizens and 8.51% for others. Secure higher returns on your savings now!

By ThePip Desk•
A man in a blue shirt holds a pen, pointing at a loan agreement on a wooden table. A smartphone rests nearby.

RBI’s New Loan Rules: Transparency & Borrower Safeguards

RBI introduces new loan pricing and recovery rules effective April 1, 2027, enhancing transparency and borrower protection with standardized practices.

By ThePip Desk•
Call Rates Decline to 4.90% Amidst Eased Demand at Reporting Cycle Start

Call Rates Drop to 4.90% as Demand Eases

Interbank call rates fell to 4.90% on Monday from 5.25% Friday, reflecting eased demand for short-term funds at the start of the reporting cycle.

By ThePip Desk•
Jefferies Downgrades BSE on Triple Whammy, Sees 16% Downside

Jefferies Downgrades BSE: 16% Downside Seen

Jefferies downgrades BSE to ‘underperform’ with a 16% lower price target of Rs 2,940, citing STT hike, RBI norms, and CAS impact.

By Business Desk•
A hand separates a stack of Indian Rupee notes from a larger pile on a desk in a modern office.

Mutual Fund Commissions Rs 27,335 Cr: Impact on Investor Returns

Mutual fund commissions in India to hit Rs 27,335 Cr in FY25. Discover how concentrated payouts to large distributors impact your investment returns via higher expense ratios.

By ThePip Desk•
SBI Mutual Fund Elevates Tenneco Clean Air India Stake to 6.11%

SBI Mutual Fund Boosts Tenneco Clean Air India Stake to 6.11%

SBI Mutual Fund significantly raises its stake in Tenneco Clean Air India to 6.11% via open market purchases, acquiring an additional 5.22% voting capital.

By Business Desk•
Stacks of US dollar bills and Indian rupee notes on a light-colored counter in a bank setting.

RBI Advances FCNR(B) Swap Deadline to Aug 31, 2026

RBI moves FCNR(B) swap deadline to Aug 31, 2026, due to rapid $52.3B inflows. Learn about the impact on NRIs and Indian banking.

By ThePip Desk•
A woman in a suit points to a large screen displaying charts and graphs, addressing four individuals seated at a conference table.

RBI, NBFCs Discuss Revolving Credit: Focus on Risk & Compliance

RBI meets NBFCs to finalize revolving credit guidelines, emphasizing proactive risk management, robust compliance, and alignment with global standards.

By ThePip Desk•
    Banking News & Market Signals – Page 29 | ThePip