Top Indian Banking Industry News & Updates - 05 April 2025,Saturday
🗎 RBI / MoF / Govt. Policies
Banks park record Rs 4.13 trillion with RBI in standing deposit facility
Bank credit growth declines sharply to 11% in FY25, shows RBI data
📝 India’s subprime bubble grew 2,100%; now a bust looms as debt traps millions of families
📝 RBI to issue Rs 10, Rs 500 notes bearing signature of Guv Malhotra
📝 BFSI firms fuel India’s office leasing surge with over 100% YoY growth in Q1 2025
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🏦 PSB / Pvt Banks
United forum of IDBI Officers and Employees holds dharna in Delhi against proposed stake sale in IDBI Bank
Thiruvananthapuram: United Forum of IDBI Officers and Employees staged a dharna in front of Janta Mantar, New Delhi, and conducted a seminar on ‘IDBI Bank privatisation’ at Constitution Club on Wednesday as part of an ongoing campaign to protest proposed strategic disinvestment in bank.
PSU banks: Could they be the surprise outperformers in a volatile market? 7 PSU banks with upside potential of up to 43%
Sometimes minor and unrelated things, when put together, suggest something that otherwise may have been missed. And because they are minor and unrelated, what they suggest could also seem far-fetched.
Yes Bank lays off senior employees, restructures portfolios
Private sector lender Yes Bank has laid off four senior officials and revamped teams across retail, corporate and commercial banking businesses as part of its restructuring exercise, according to three persons aware of the matter. Mint has also reviewed a copy of the mail informing the employees of these changes.
HDFC Bank shares rise 1.74% following strong Q4 deposit growth
Mumbai: HDFC Bank shares climbed 1.74 per cent to ₹1,826.15 today, gaining ₹31.30 following yesterday’s disclosure of robust financial performance for the quarter ending March 31, 2025.
Bank deposits grow slower than credit
Banks deposits grew slower than credit for the fortnight ended March 21, according to the Reserve Bank of India (RBI) data released on Friday.
Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets
HDFC Bank gains Rs 1.5 trn in deposits, CD ratio drops to 97% in Q4
Large banks post double-digit growth in loans, deposits in Q4
A majority of large banks have posted higher double-digit growth in loans and deposits during Q4FY25, according to the provisional figures posted on exchanges. Country’s largest private lender HDFC Bank posted 14 per cent year-on-year (y-o-y) growth in overall deposits at ₹27.14 lakh crore, while overall advances grew 5 per cent to ₹26.43 lakh crore.
📝 Lenders to pursue 'wilful defaulter' proceedings against Ex-IL&FS directors
📝 IndusInd Bank reports decline in deposit growth amid accounting discrepancies
📝 Federal Bank ED resigns to pursue entrepreneurial opportunities
📝 Union Bank of India reports 8.6 pc loan growth in Q4
📝 How IndusInd's push for profits and lax controls drove it to a crisis
📝 RBL Bank shares in focus on reporting Q4 numbers, total business crosses Rs 2 lakh crore
📝 YES Bank shares in focus after Q4 loans and advances rise 8.2%, deposits up 6.8%
📝 IndusInd loan book shrinks by 5% in Q4
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🏦 Co-operative Banks / RRBs
Rs 122-crore co-op bank scam: Brain-mapping test of prime accused positive, says EOW
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🏦 Foreign Banks / FIIs / I-Banks
📝 Foreign investors fuel surge in Indian financials in March; outflows persist for fiscal 2025
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🏦 Development Banks
📝 NABARD extends Rs 5,830 cr assistance to Jharkhand in FY25 to augment rural infra
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🗎 NBFCs / FIs / MFI
Loan Application process simplified with a free CIBIL score check on Bajaj markets
📝 IIFL Finance to raise up to Rs 500 cr via NCD
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UPIs / Wallet / FinTech
Startup Mahakumbh: Fintech sector proposes new SRO India Fintech Foundation
Sai Sudha Chandrasekaran, previously the head of foreign direct investment (Asia-Pacific) at Invest India under the Ministry of Commerce, has been appointed as the chief executive officer of IFF.
Navi plans to go public this fiscal
Sachin Bansal, founder and executive chairman of the fintech firm, Navi Technologies, on Friday said that he would look at public listing in the current financial year to raise more capital, which the company needs at this stage.
Paytm launches new soundbox with display screen for payment alerts, live transaction count
Paytm Founder and CEO Vijay Shekhar Sharma on Friday launched the company’s new visual soundbox device, an upgrade from the previous device which only provided instant audio payment confirmation. The revamped 4G-enabled soundbox will display merchants the amount received from customers through the built-in digital screen. The announcement was made by Sharma at the Startup Mahakumbh event.
Access to capital, whether public or private, is the real moat: Paytm’s Vijay Shekhar Sharma
Access to capital—whether public or private—defines a company’s long-term advantage, said Vijay Shekhar Sharma, founder and chief executive of Paytm, on Friday.
📝 PM Modi offers linking UPI with payment systems of BIMSTEC nations
📝 Bringing back MDR will increase UPI penetration, make fintechs viable: Industry
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🗠 Bourses
📝 Sebi unveils audit standard for systems, networks of MIIs
📝 Sebi proposes 'Investor Charter' for KYC Registration Agencies
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🗠 Mutual Funds / AMCs
With an eye on SIF foray, PMS, AIFs queue up for mutual fund licence
📝 Digilocker starts giving access to mutual funds holdings on app. Here’s how to check
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🗎 Govt. Securities / Bonds
Balance the odds: Go for partial redemption of your SGB holdings
The Reserve Bank of India has issued a calendar for the premature redemption of 34 tranches of Sovereign Gold Bonds (SGBs) during April to September this year. These bonds were issued between October 2017 and September 2020. As gold prices touch a record high because of global economic uncertainties, investors can consider a partial redemption and retain the rest for long-term gains.
G-Sec auctions for an aggregate amount of ₹36,000 crore begins smoothly amid ample liquidity in the system
Mumbai: The current financial year’s first auction of Government Securities, including the current benchmark 10-year paper, for an aggregate amount of ₹36,000 crore sailed through smoothly amidst ample liquidity with banks, pensions funds and insurers. Even as the auction sailed through, the yield of the 10-year benchmark ended at a three-year low of 6.45 per cent on Friday against previous close of 6.48 per cent, driven by liquidity and rate cut hopes. There has been a huge liquidity build up in the banking system on the back of year-end short-term deposit mobilisation and open market operation (OMO) purchase auction of Government Securities.
Powergrid directors approves proposal to raise bonds worth ₹6,000 crore
Power Grid Corporation of India Ltd (Powergrid) on Friday said the company's Committee of Directors for Bonds has approved a proposal to raise bonds worth ₹6,000 crore in the current financial year.
📝 “Have idle money? Just invest in bonds”: Suresh Darak of Bondbazaar
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✈ International
📝 US tariffs to force quicker Fed, ECB rate cuts to support growth, says Nomura
📝 Goldman Sachs to lead €2.5 billion financing for Prada-Versace deal: Report
📝 Global rout in bank shares intensifies as recession fears mount
📝 US junk bond spreads surge to 17-month high on trade war fears
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