New Delhi, March 13 (IANS) Indian banks are benefiting from sustained credit growth, deeper digital public infrastructure and rapid adoption of AI‑driven operating models, and heightened regulatory focus on climate risk, cyber resilience and governance, a report said on Friday.The report from KPMG International said the sector is at par with global peers scaling from pilots to enterprise AI use, investing in workforce reskilling and strengthening cybersecurity and ESG frameworks to support lon…
Latest Indian Banks News & Updates
New Delhi, Feb 1 (IANS) The Central government on Sunday proposed to develop seven high-speed rail corridors across key urban and economic centres.These corridors will act as growth connectors, cutting travel time, reducing emissions, and supporting regional development, said Finance Minister Nirmala Sitharaman during her Union Budget 2026-27 speech.The proposed routes include Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bengaluru, Hyderabad-Chennai, Chennai-Bengaluru, Delhi-Varanasi, and Varanasi-Sil…
Mumbai, Jan 28 (IANS) Indian banks are expected to witness credit growth at about 10–12 per cent compound annual growth rate (CAGR) over the next five years, higher than deposit growth of roughly 9–11 per cent, a report said on Wednesday.The report from Brickwork Ratings said credit‑to‑deposit ratios are likely to remain in the high‑70s to low‑80s range unless a major structural shift occurs. The rating agency said that retail, MSME and services will be key drivers of credit growth w…
New Delhi, Jan 12 (IANS) Deposits and advances in Indian banks almost tripled from FY15 to FY25, signalling deepening of the banking system and renewed credit intermediation, a report said on Monday.The report from SBI Research said that deposits rose from Rs 85.3 lakh crore to Rs 241.5 lakh crore and advances climbed from Rs 67.4 lakh crore to Rs 191.2 lakh crore during FY15–FY25.The bank asset growth rebounded from 77 per cent of GDP to 94 per cent by FY25, reflecting renewed financial deepe…
Mumbai, Jan 6 (IANS) Banks will be allowed to declare dividends or remit profits only if they meet strict financial and regulatory conditions, according to a draft framework released by the Reserve Bank of India (RBI) on Tuesday.The move aims to ensure that profit payouts do not weaken the financial health of banks.Under the proposed rules, banks must comply with all regulatory capital requirements at the end of the previous financial year and continue to meet these norms in the year when divide…