Banking

Major state-run lenders reported lower employee-to-branch ratios between FY22 and FY26 while outlining plans to automate processes, expand digital banking and deploy AI tools.

AAs acts as a digital platform to share financial data between institutions like banks and other financial service providers.

Credit to industry recorded a YoY growth of 15.1%, versus 7% in the corresponding fortnight last year.

European banks may be able to save 4-9% in total costs by deploying AI in their operations and eliminating certain roles in the coming years, the report stated.

Domestic investments, gold holdings and foreign investments drove the increase, while the share of domestic assets in the balance sheet continued to grow.

As per the RBI holiday calendar, banks are likely to remain closed today in several cities and regions across the country for Bakrid celebrations.

RBI's new rating framework may tighten credit access for MSMEs while increasing pressure on smaller credit rating agencies.

Payments industry executives say the RBI's proposal allowing only accounts with sufficient review to receive large credits of over Rs 25 lakh is impractical.

Banks in some parts of the country will remain closed today, May 27 for Bakrid, while majority of the regions will observe bank holiday on Thursday, May 28.

Ketan Merchant received a three-month extension from the RBI.

Payment companies have opposed the directive that seek to limit peer-to-peer (P2P) wallet transactions at Rs 25,000 per month and reduce cash loading limits to Rs 10,000.

Banks in certain parts India are scheduled to remain closed on May 27 and May 28 for Bakrid.

Tripura will be observing Kazi Nazrul Islam's birth anniversary on Tuesday, May 26.

Since May 23 is the fourth Saturday of the month, banks across the country will remain closed.

India's largest lender says all banking operations will continue uninterrupted after staff federation postpones proposed two-day strike.

The lender had received RBI's nod for the RBL acquisition back in April 2026, while the Indian government gave its approval earlier this month.

CBI chargesheeted 15 people in the alleged Rs 504 crore Haryana government funds misappropriation case.

The report found that 70% of Indian customers feel financially understood by their banks, yet gaps in service speed and clarity persist.

The facility is currently available only to Indian customers in Greece who hold accounts with Eurobank.

The RBI is seeking public feedback on Tthese proposed recovery norms by May 31.