BANKING

Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios, restricts deeper cuts. Consequently, banks will experience continued margin pressure in the near term. However, a turnaround in profitability is anticipated later this fiscal year.

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BANKING

India's finance ministry is setting a new standard for accountability by instructing state-run banks to swiftly communicate any troubling details regarding their directors and appointees. This move is particularly relevant following the controversial case involving UCO Bank's MD & CEO, who is currently facing a CBI chargesheet.

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BANKING

Fino Paytech has secured the green light to upgrade its payments bank to a small finance bank, following the guidelines set by the Reserve Bank of India. Affected major investors are mandated to trim their stakes, with an 18-month timeline to meet these new ownership regulations. In addition, the bank plans to enhance its technological framework and human resource management.

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BANKING

SBI's mortgage loan portfolio has surged past Rs 9 lakh crore, fueling optimism for a 14% overall credit growth this fiscal year. The bank's Retail, Agriculture, and MSME (RAM) segment, a significant portion of its lending, also crossed a Rs 25 lakh crore milestone. SBI anticipates robust growth across these sectors, with corporate credit showing a positive turnaround.

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BANKING

Bank of Maharashtra has lowered interest rates on retail loans by 25 basis points. Home loans now start at 7.10 percent and car loans at 7.45 percent. This move follows the RBI's repo rate cut. The bank aims to make loans more affordable for customers. This offers a significant benefit to borrowers.

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BANKING

The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25%, aiming to make home and car loans cheaper. This move is expected to encourage banks to lower lending rates further, providing relief to borrowers.

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BANKING

SMFG India Credit has introduced a paid menstrual leave policy for all its women employees nationwide, effective December 2, 2025. Women will receive one paid leave per month, automatically approved and without requiring a manager's permission or medical certificate. This initiative aims to enhance employee well-being and foster a more inclusive workplace.

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