Sector / Industry News › Sub-category
Banking & NBFC
27 articles
India’s banking sector is demonstrating broad-based progress across access, usage, and quality, underpinned by significant digital advancements. Financial inclusion initiatives, including the PMJDY scheme and the widespread adoption of UPI—which processed ₹29.87 lakh crore in July 2026—are driving increased account ownership and transaction volumes. Furthermore, Regional Rural Banks are exceeding lending targets, particularly in agriculture, while IDFC FIRST Bank is diversifying its funding profile with a $500 million notes issuance. These developments, alongside reforms aimed at easing business operations and supporting MSME credit access, suggest a strengthening financial ecosystem poised for continued growth, though ongoing monitoring of credit trends within specific sectors remains crucial.
IDFC FIRST Bank Maiden $500 Million Notes Issuance
IDFC FIRST Bank priced its maiden $500 million senior unsecured notes via IFSC Banking Unit.
The 3-year notes carry a 5.625% coupon and will be listed on Vienna MTF and India INX.
Issuance supports ba
West Bengal Kaushal Mahotsav Connects 4500 Youth
Ministry of Skill Development organized West Bengal's first Kaushal Mahotsav in Balurghat with 7500+ interviews conducted.
Over 7000 job opportunities from 50+ employers across manufacturing, retail,
RRBs Credit Grows 10.3% to ₹5.78 Lakh Crore FY26
Regional Rural Banks achieved 10.3% credit growth to ₹5.78 lakh crore outstanding in FY 2025–26, exceeding PSL targets.
Agriculture lending dominated with ₹3.78 lakh crore (77% of PSL), while MSMEs re
India Financial Inclusion Progress Report 2026
India's RBI Financial Inclusion Index reached 70.0 in March 2026, up from 43.4 in 2017, showing broad-based improvement.
PMJDY scheme has enabled banking access with 89% account ownership and ₹52.89 l
India Financial Inclusion Progress Report 2026
India's RBI Financial Inclusion Index reached 70.0 in March 2026, up from 43.4 in 2017, showing broad-based progress across access, usage and quality dimensions.
PMJDY accounts reached 1.11 crore new
IndusInd Bank Joins Carbon Accounting Partnership PCAF
IndusInd Bank joined Partnership for Carbon Accounting Financials to measure portfolio emissions.
The bank will adopt PCAF's global standard for GHG accounting in lending and investments.
This support
Bank of Baroda's $700M Notes Rated BBB/BBB+
Bank of Baroda discloses ratings for USD 700 million senior unsecured notes issued under its MTN program from three agencies.
Fitch assigns BBB- ratings to USD 400 million 2029 notes and USD 300 milli
Regency Fincorp Board Approves ₹35 Crore NCD Issue
Regency Fincorp board approved private placement of ₹35 crore secured NCDs with base issue of ₹20 crore and green shoe of ₹15 crore.
NCDs offer 13% annual interest payable monthly with 36-month tenure
DFS PSB Confluence 2026 Focuses on Banking Reforms
DFS hosts two-day PSB Confluence 2026 with PSBs and PFIs to deliberate on seven strategic themes for banking sector reforms.
Finance Minister highlights banking sector strength from low NPAs and annou
YES BANK Announces Debt Investor Meetings for MTN Programme
YES BANK will hold virtual debt investor meetings from August 17-24, 2026 for its $850 million Medium Term Note Programme.
The bank confirmed no unpublished price sensitive information will be shared
MCA Honors PMIS Partner Companies at Industry Awards
Ministry of Corporate Affairs hosted PMIS Industry Awards to recognize companies creating internship opportunities under the Prime Minister Internship Scheme pilot phase.
Mahindra & Mahindra won Overa
Dynacons Q1 Revenue ₹313.69 Crore, PAT ₹19.80 Crore
Dynacons reported Q1 FY27 revenue of ₹313.69 crore and PAT of ₹19.80 crore, with EBITDA margin improving to 12.81%.
The company commenced execution on its landmark ₹750.82 crore RBI private cloud mand
Parliament Monsoon Session 2026 Adjourns, 12 Bills Passed
The 2026 Monsoon Session of Parliament adjourned sine die after 19 sittings over 25 days, with a productivity of 19% for Lok Sabha and 39% for Rajya Sabha.
Twelve Bills were passed by both Houses, inc
RBI Publishes Scheduled Banks Position July 2026
RBI released statement of position for scheduled banks as of 31‑July‑2026, covering liabilities, assets, credit, and investments.
Total deposits (including demand and time) of scheduled banks rose to
Tribhuvan Cooperative University Launches 3 MBA, 5 Certificate Courses
Tribhuvan Cooperative University launched three new MBA programs in Cooperative Management, Banking, and Agribusiness during 2025-26.
The university designed five certificate courses for professional
Ministry of Cooperation Digital Reforms ₹2,925 Crore
Ministry computerised 63,686 PACS with ₹2,925 crore project, digitising ₹2.3L crore loans and 10.3 crore members.
NABARD implementing end-to-end digitisation through ePACS with Krishi Rin Portal integ
Parliamentary Committee Recommends Ease of Doing Business Reforms
Parliamentary Committee presents 201st report assessing India's business reforms, identifying bottlenecks and proposing measures to strengthen the ecosystem.
Committee recommends mandatory deemed appr
Rajya Sabha Committee Recommends India-US Trade Agreement
Rajya Sabha Commerce Committee presents 200th report evaluating India-US trade relations and recommending bilateral trade agreement.
Report identifies key challenges from US tariff measures affecting
Canara Bank Revises MCLR Rates Effective 12.08.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from August 12, 2026.
The One Year MCLR increases by 5 basis points to 8.80% from the prev
NBFC Credit Grows 14.4% YoY in June
NBFCs' total credit expanded 14.4% YoY in June 2026, up from 11.1% growth a year earlier.
Agriculture and allied credit surged 17.9% YoY, while industry credit grew 6.7% amid weaker infrastructure dem
UCO Bank ALCO Revises Select Benchmark Rates
UCO Bank's ALCO reviewed benchmark rates, keeping MCLR rates unchanged across all tenors.
Revised TBLR rates for 3-month and 12-month tenors and G-Sec linked rates effective from August 7, 2026.
Repo
RBI Reports SCB Lending Rate 8.53% June
Weighted average lending rate on fresh rupee loans of scheduled commercial banks was 8.53% in June 2026, up from 8.51% in May.
Weighted average lending rate on outstanding rupee loans slipped to 8.96%
RBI June 2026 Credit Grows 18.3% YoY
RBI report shows non‑food bank credit rose 18.3% YoY in June 2026, up from 9.3% a year earlier.
Agriculture credit up 16.8% YoY; industry credit surged 19.2% YoY with broad growth across micro‑small,
RBI Scheduled Banks Position July 2026
The RBI published the Scheduled Banks' Statement of Position for India as of 15 July 2026, detailing liabilities, assets and credit.
Total deposits from non‑bank sources reached ₹26,831,425.69 crore,
RBI Swap Facility Attracts $20.7bn Inflows
RBI issued a press release reporting foreign exchange inflows under its swap facility up to July 17 2026, totaling $20.718 billion.
The facility, announced on June 5 2026 and operational from June 8 2
Canara Bank Revises MCLR Rates Effective 12.06.2026
Canara Bank informs exchanges of a revision to its Marginal Cost of Funds Based Lending Rate (MCLR) effective from June 12, 2026.
The overnight MCLR increases to 7.90% from 7.95%, while the one-month
UCO Bank Revises TBLR and G-Sec Benchmark Rates
UCO Bank's ALCO reviewed and revised select benchmark rates effective June 10, 2026.
TBLR rates increased across 3-month (5.30% to 5.40%), 6-month (5.50% to 5.60%), and 12-month (5.60% to 5.75%) tenor