The daily briefing for Indian bankers.
Every morning, a tight feed of what matters across RBI, NPCI, markets, fintech and global banking — written for officers, not analysts.
Latest banking news
An eye for dollars: SBI brings in $1.9 billion in foreign-currency resources via special scheme, way ahead of peers
State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-owned and private sector banks' efforts. Other lenders like Bank of Baroda and Canara Bank raised smaller sums. Banks are now focusing on attracting overseas currency inflows from the…
Barclays sees FCNR inflows falling short of market hype
Recent data suggests that NRI deposit schemes are not bringing in as much foreign money as experts first predicted. Many expected a massive surge, but the actual numbers remain quite low.
Banks’ have to dispose of “specified non-financial assets” acquired from a borrower within 7 years: RBI
The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases……
Jio Financial Services Q1 net profit zooms 156% to ₹830 crore
Jio Financial Services has reported a massive 156 percent jump in its first-quarter net profit. The company's business scale and assets under management showed significant growth across all its primary segments.
RBI bars banks, NBFCs from selling acquired stressed assets back to defaulting borrowers, related parties
New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish…
Piramal Finance’s Q1 FY27 consolidated net profit jumps 67% to ₹461 crore
Piramal Finance has reported a massive 67 percent jump in net profit for the first quarter. The company board also approved a plan to raise fresh capital worth several thousand crores.
Exim Bank India presents ₹428 crore dividend cheque to FM Sitharaman for FY26
Bank posts 32 per cent y-o-y rise in net profit to ₹4,273 crore…
Leading private sector banks streamlining employee base
Top private banks in India are reducing their total staff count as they adopt more digital tools. This change comes even as banks continue to open many new branches nationwide.
Exim Bank India presents Rs 428 cr dividend cheque to FM Sitharaman for FY26
EXIM Bank of India presented a Rs 428 crore dividend cheque to Finance Minister Nirmala Sitharaman. The bank reported a net profit of Rs 4,273 crore for the financial year 2025-26. Ten percent of this net profit was transferred as a balance to the government of India. Exim Bank recorded thirty-two percent growth in net…
South Indian Bank posts 17% rise in net profit to ₹378 crore
South Indian Bank reported a significant double-digit rise in its net profit for the first quarter. This growth was driven by a sharp focus on high-quality loans and digital scaling.