Top Indian Banking Industry News & Updates - 12 March 2026,Thursday
🗎 RBI / MoF / Govt. Policies
RBI could maintain prolonged pause: Economists
Economists expect the Reserve Bank of India (RBI) to keep policy rates unchanged in April as geopolitical tensions, volatile commodity prices and evolving domestic macroeconomic indicators cloud the outlook for monetary policy. In its February policy review, the RBI kept the repo rate unchanged at 5.25% and maintained its neutral stance.
RBI to buy Rs 50,000 crore government bonds through OMO auction on Friday
RBI revises counterparty credit risk rules to align with Basel norms
📝 RBI amends prudential norms on capital adequacy
📝 Oil shock, inflation pressures dampen RBI rate-cut hopes
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🏦 PSB / Pvt Banks
Axis Bank share price tumbles over 4% to 7-week low, market cap slips below ₹4 lakh crore
Shares of Axis Bank, the country’s fourth-largest private sector lender, saw renewed selling pressure in Wednesday's trade, March 11, falling 4.7% to the day's low of ₹1,252.80 apiece. Today’s fall is also the biggest intraday decline since mid-December, when the stock had crashed 5%.
Federal Bank Strengthens Focus on Wealth Management Business
Mumbai, Maharashtra, India ; Federal Bank announced the launch of its wealth management platform ‘Fed Wealth’ and the inauguration of its first Wealth Hub, marking the next phase of the Bank’s strategic expansion in the wealth management business. Building on the trust developed over the legacy of more than 90 years, the Bank continues its customer centric focus and will provide in depth market research and a wide range of products aligned with customer risk profiles. A curated suite of investment solutions will include fixed income, equities, mutual funds, alternatives and opportunities through GIFT City.
Young savers drift away even as retirees prop up bank deposits
Indian banks are losing ground among working-age savers, even as retirees return in growing numbers to park money in fixed deposits and savings accounts.
Banks are moving cautiously to adopt AI agents: Survey
Bengaluru: Nearly half of APAC banks are stuck running pilots or adopting them in a few functions, as banks are moving cautiously to adopt AI agents. More than one in five - about 23 per cent - are not currently using them at all, according to Accenture's Banking IT Executives Survey.
Not SBI, Not BoB: The ‘hidden’ PSU bank trading at 1x book value with 60% rural reach
A Kolkata-based mid-sized PSU bank has been expanding its operations in largely under-banked parts of the country with 61% of its 3,327 domestic branches in rural and semi-urban regions at the end of the December 2025 quarter. This bank has a strong presence in the eastern and north-eastern parts of the country.
Rs 590-cr IDFC First Bank 'fraud': ED searches at 19 locations in Haryana, Chandigarh
Rs 116-cr scam: Cops probe role of MC, bank officials
Telangana High Court reserves order on Fino Bank MD arrest in GST case
New branch of Punjab & Sind Bank in Odisha
Bank stocks fall as Iran war fuels inflation fears, Nifty Bank drops 2%
SBI, MUFG sign pact to collaborate on M&A, aviation, real estate financing
📝 Public sector banks still ahead of private peers in credit growth
📝 Canara Bank raises MCLR-linked lending rates
📝 Union Bank tops with INR 9.96 lakh crore stuck in default cases
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🏦 Foreign Banks / FIIs / I-Banks
Global banks push back on India’s offshore rupee reporting plan
Global lenders pushed back against a proposal by the Reserve Bank of India (RBI) for more reporting of offshore rupee trades, according to people familiar with the matter.
Standard Chartered evacuates staff from offices in Dubai: Report
By the end of 2025, DIFC hosted more than 290 banks, 102 hedge funds, 500 wealth management firms and 1,289 family-related entities.
FDI easing only for non-LBC entities with minority Chinese stake: Official
Govt sets 60-day deadline for select FDI proposals from border nations
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💳 ATMs / Credit Cards
Airtel Axis Bank credit card: Lounge access ends, cashback rules revised
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🔍 Rating / Research
📝 JPMorgan bullish on life insurers; initiates Max Financial at Overweight
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🗎 NBFCs / FIs / MFI
Finkurve Financial Services Ltd. (Arvog) gone live with Godrej Finance to offer gold loans under RBI colending framework
Mumbai (Maharashtra) [India]: Finkurve Financial services Limited, among leading Tech-first Gold Loan NBFC, announced that the Company has gone live with a strategic co lending partnership with Godrej Finance Limited (GFL), a subsidiary of Godrej Capital to jointly offer gold loan products under the Reserve Bank of India’s co-lending framework.
Sreekanth PV appointed as group head of operations and customer experience at Manappuram Finance
Manappuram Finance Ltd has announced the appointment of Sreekanth P V as Group Head – Operations & Customer Experience.
Jio Financial Services newly rated 'Buy' at Motilal Oswal; 38% upside seen
Micro lenders turn to secured loans to negate asset quality pressures
NBFC stock picks: Why Ambit prefers Tata Capital, SHFL over Bajaj Finance
📝 KKR India Asset Finance exits NBFI business; RBI cancels Certificate of Registration
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UPIs / Wallet / FinTech
Paytm: Why NPCI’s revised RuPay Credit Card UPI fees has ‘Zero Impact’ on revenue
The share price of One 97 Communications, the company that operates Paytm is under pressure this morning. However, the company, in a circular disclosed that NPCI’s (National Payments Corporation of India) fee revision would have no impact on revenue such as UPI merchant QR revenue.
PhonePe launches 'On-The-Go' card for seamless, offline transit payments
📝 India developing indigenous capability to detect unregistered virtual asset service providers: FATF report
📝 CRED gets RBI nod to operate as payment aggregator
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Crypto
CBI arrests Darwin Labs co-founder in ₹20,000 cr Gain Bitcoin scam case
$1 mn Bitcoin is possible, says Bitwise CIO Matthew Hougan; here's the math
Crypto markets steady as Bitcoin holds near $70k; investors eye macro cues
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🗠 Mutual Funds / AMCs
Best SBI funds: 5 top-rated schemes with low expense ratios to watch in 2026
Choosing the right mutual fund can be challenging for investors, especially when hundreds of schemes are available in the market. Among the many factors investors consider while selecting a fund, ratings and expense ratio are two important ones. Funds that receive higher ratings from research platforms and have relatively lower costs often attract more investor interest.
Sebi mulls faster ‘lodge and launch’ route for AIF schemes
Sebi working to speed up AIF approvals, says Pandey
Investors play safe: Liquid funds dominate debt mutual fund flows
Iran war boosts gold, silver appeal; Tata MF advises staggered buying
PGIM India MF allows only SIPsin 3 global funds
📝 Surging domestic capital drives Indian angel networks to create their own funds
📝 Ageas Federal launches Large-Cap Index Fund at ₹10 NAV
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🗎 Equities, Pvt. Equity / Hedge Funds
KKR eyes multiple, independent green assets in India
KKR plans to own multiple independent platforms for renewable energy assets in India, a key market for the global private equity giant, where it is betting on infrastructure and financial services to consumer technology.
FPIs outflows highest in 13 months
Foreign portfolio investors (FPIs) have turned net sellers in March, withdrawing $4.4 billion or Rs 40,217 crore in the first seven trading sessions of the month till March 11 – the highest outflows in 13 months. The sell-off comes on the back of FPIs turning net buyers in February of $1.7 billion or Rs 27,427 crore.
📝 FPI holdings in FAR G-Secs fall by Rs 4,634 cr amid Middle East conflict
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🗎 Govt. Securities / Bonds
📝 Adani Energy raises $500 mn bilateral debt from Apollo Global Management
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✈ International
📝 JPMorgan Tees Up EA Debt Sale as Iran War Shakes Credit Markets
📝 Morgan Stanley curbs withdrawals as private credit redemptions rise
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