Daily Headlinez Top News Updates
MUMBAI: Gold loans are booming. Lending against the yellow metal is expanding at triple-digit rates of 128% year-on-year, propelling personal loans, which in turn underpin the 14.4% overall growth in bank credit as of Jan 31.Data from RBI on the sectoral deployment of bank credit shows personal loans outpacing all other segments. At 34.5%, they…
MLK Day 2026: Will Banks, Schools, Post Offices and Markets Be Open in the US? As Americans prepare for Martin Luther King Jr Day on Monday, January 19, 2026, the US is once again pausing to honour the civil rights leader’s legacy. MLK Day, observed on the third Monday of January each year, is a…
The data reveals a shifting landscape where private banks and digital channels draw the most customer ire, while territories like Chandigarh and Delhi report disproportionately high complaint loads per lakh accounts. India’s banking system saw a surge in customer grievances in FY25, with private sector banks accounting for the highest share of complaints. Issues linked…
MUMBAI: RBI governor Sanjay Malhotra on Tuesday asked bank chiefs to use technology to cut down intermediation costs so as to work with lower spreads and support sustainable growth. At the same time, he asked banks to guard against the growing number of digital frauds by using intelligence-driven safeguards.Malhotra met with the managing directors and…
MUMBAI: The bad loan business showed faint but firm signs of recovery in September 2025, as the portfolio of asset reconstruction companies (ARCs) turned positive after two quarters of contraction. The rebound came despite rating agencies predicting a continued shrinkage in the sector, with banks accelerating sales of retail stressed assets to clean up their…
MUMBAI: Banks are expected to report weaker earnings for the second quarter of FY26 in coming weeks as falling lending rates outpaced the decline in funding costs, compressing margins and profit growth. Analysts said the full impact of earlier RBI repo rate cuts was felt during the quarter, causing Net Interest Margins (NIMs) to contract…
The organised gold loan market is projected to touch Rs 15 lakh crore by March 2026 — a full year ahead of earlier forecasts — as banks tighten their dominance and expand faster than non-banking financial companies (NBFCs), according to a report by rating agency Icra.The agency had earlier estimated in September 2024 that the…
Mumbai: RBI has unveiled draft norms to improve banks’ management of credit risk and classification of bad loans. The changes are expected to ease capital requirements for segments like MSMEs, real estate and credit cards. The new proposal also shifts banks from recognising default losses after they occur to an ‘expected credit loss’ framework, requiring…
