Indian Banking Industry News & Updates

Axis Bank and IndusInd Bank aim to raise Rs 4,000 cr
Axis Bank and IndusInd Bank are planning to raise about Rs 4,000 crore in perpetual bonds and infrastructure bonds to make use of a window before the Reserve Bank of India's monetary policy next month that could signal the reversal of ultra-loose policy, said three people familiar with the matter.

26 Nov 2021
Yes Bank partners Amazon Pay for UPI, chooses AWS for payment processing
Yes Bank has partnered with Amazon Pay and AWS to offer UPI payment to users. In FY21, Yes Bank recorded a market share of around 40% by volume in the UPI ecosystem and around 30% by volume in the UPI merchant acquiring business thanks to the integration with PhonePe.

26 Nov 2021
Yes Bank collaborates with Amazon Pay and AWS to offer UPI payment services
Yes Bank on Thursday announced its collaboration with Amazon Pay and Amazon Web Services (AWS) to offer customers an instant real-time payment system through a UPI transaction facility.

26 Nov 2021
RBI tweak will lead to more NPAs for non-banking lenders: ICRA
The Reserve Bank of India’s modified norms on non-performing asset (NPA) recognition and upgration will lead to a spike in the NPAs of non-banking financial companies (NBFCs), including housing finance companies (HFCs), in the near term, ICRA has cautioned.

26 Nov 2021
HSBC to issue cards with recycled plastic as part of net zero plan
As part of its commitments to sustainability and a net-zero future, HSBC has launched India’s first credit card made from recycled PVC plastic (rPVC). The cards are issued in partnership with IDEMIA (a global cards manufacturer) and will help gradually eliminate single-use PVC plastic.

26 Nov 2021
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