Tag
Banking & NBFC
90 articles
Banking sector developments reveal a mixed landscape of regulatory challenges, strategic shifts, and financial performance. Several institutions are navigating legal proceedings, including Hemant Kanoria’s contempt petition withdrawal and Indian Bank’s appeal against a NCLAT order. Simultaneously, German banks are expanding crypto trading services, potentially reaching millions of retail customers, while SIDBI promotes green finance initiatives for MSMEs. AU Small Finance Bank reported robust Q1 FY27 results, demonstrating 23.5% YoY deposit growth and improved CASA ratios, signaling strengthening financial health. These developments highlight the sector's ongoing adaptation to evolving regulatory frameworks and technological advancements, with implications for both risk management and growth prospects.
Hemant Kanoria Contempt Petition Withdrawn, CPAN 199 Dismissed
Petitioners Hemant Kanoria and others filed contempt applications against Union Bank of India, Bank of India, Bank of Baroda, and SIDBI.
Counsel for petitioners submitted email instructions to withdra
Indian Bank Appeals NCLAT Order Against Dadina
Indian Bank files appeal with NCLAT against Varez Karsi Dadina & Anr., seeking to challenge a previous order.
NCLAT issues notice on delay condonation application and grants respondents two weeks to f
German Banks Expand Crypto Trading to Millions
Cooperative banks are rolling out crypto trading via a DZ Bank‑developed platform, allowing customers to buy Bitcoin, Ethereum, Litecoin, Cardano.
DekaBank plans to launch a similar platform for savin
J&K Bank Appoints Rakesh Magotra as Chief Compliance Officer
J&K Bank appointed Rakesh Magotra as Chief Compliance Officer for a three-year term effective July 4, 2026.
The appointment replaces Peer Masood Ahmad and was approved by the Board of Directors in the
SIDBI Samvaad Episodes 7-8 Highlight Green Finance
SIDBI launched Episodes 7 and 8 of MSME Samvaad series focusing on green finance and policy awareness for Indian MSMEs.
Episode 7 discusses sustainability as a strategic advantage, outlines green fina
AU Bank Q1 FY27 Provisional Business Update
AU Small Finance Bank reports 23.5% YoY growth in total deposits to ₹1,57,730 crore for Q1 FY27.
Gross loan portfolio increased 22.6% YoY to ₹1,44,250 crore with advances growing 25.8% YoY.
CASA ratio
Uttarakhand HC Dismisses Kandpal Bank Appointment Writ
Uttarakhand High Court dismissed Pankaj Kandpal's writ petition seeking appointment as Marketing Officer at Narmada Jhabua Gramin Bank.
The court held the petitioner failed to provide the required MBA
HDFC Bank Withdraws SARFAESI Action
HDFC Bank agreed to withdraw SARFAESI proceedings and notional possession of the petitioner's property.
The Patna High Court dismissed the writ petition, noting the petitioners' grievance has been red
Union Bank Fraud Notice Upheld, Petition Dismissed
Petitioner Monoranjan Roy challenged UBI's Oct 13, 2025 show‑cause notice to label his account as fraud under RBI guidelines.
Court found the petitioner had replied to the notice, did not contest the
SBI Branch Must Act Within 4 Weeks
The High Court of Odisha disposed of the writ petition at admission stage, directing SBI Jarka branch to consider petitioner’s grievance.
The court ordered the bank to decide on the grievance, as per
Pintu Kumar Anticipatory Bail Denied (Patna HC)
The Patna High Court, Justice Satyavrat Verma, rejected the petitioner’s anticipatory bail application in case No.40549/2026.
Petitioner Pintu Kumar, a recovery agent for Kotak Mahindra Bank, faced ch
Canara Bank Appeal: Suit Dismissal Overturned
The Calcutta High Court set aside the Feb 19, 2026 order dismissing the appellants' title suit under Order VII Rule 11(d).
The Court held Section 96 IBC moratorium inapplicable because the insolvency
HDFC Bank Show Cause Notice Upheld, Petition Dismissed
The petitioner Monoranjan Roy challenged a show‑cause notice dated 13 Oct 2025 that sought to label his account as fraud under RBI guidelines.
The court held the notice, based on a forensic audit, was
Bank of Baroda Fraud Petition Dismissed
Monoranjan Roy challenged Bank of Baroda’s July 2025 show‑cause notice that sought to label his account fraud under RBI guidelines.
The court examined the R. Dokania forensic audit, DEO seizures, cons
Bandhan Bank Q1 FY27 Deposits & Advances Update
Bandhan Bank discloses provisional Q1 FY27 business updates showing 16.4% YoY loan growth to ₹1.55 lakh crore.
Total deposits grew 6.6% YoY to ₹1.65 lakh crore with improved retail mix at 73.96% of to
Axis Bank Wins NCLAT Appeal Restoration Over Default
NCLAT restores Axis Bank's insolvency appeal against Chintamani's Jewellery due to material breach of court-recorded consent terms.
Corporate Debtor defaulted on ₹2.60 crore principal payments despite
RBI Announces ₹75,000 Cr VRR Auction
RBI will conduct a Variable Rate Repo auction on July 6, 2026 under the Liquidity Adjustment Facility.
The auction will offer ₹75,000 crore for a 3‑day tenor, with bidding window from 09:30 to 10:00 A
RBI Money Market Ops July 2026: ₹6.77 Lakh Cr
RBI reported total overnight money market volume of ₹6,77,082.16 crore on July 2 2026, with a weighted average rate of 5.11%.
Call money volume was ₹16,996.11 crore at 5.27% (range 4.20‑5.35%); Tripar
Indian Overseas Bank SLP Reassigned to Alternate Bench
IOB filed a Special Leave Petition (Criminal) against a Madras High Court order dated 23‑06‑2026.
Supreme Court hearing on 03‑07‑2026 was before Justices K.V. Viswanathan and Shree Chandrashekhar.
Cou
Jana SFB Chief Credit Officer Resigns Effective August 2026
Jana Small Finance Bank discloses Chief Credit Officer Asheesh Maroo's resignation effective August 30, 2026.
Resignation is due to personal reasons as Mr. Maroo is relocating back to Mumbai.
Disclosu
Supreme Court Grants Exemption to Anickad Bank
Supreme Court allowed exemption from filing certified copy and official translation of the impugned judgment in Rajeev Thomas vs Anickad Regional Farmers Service Co‑operative Bank Ltd.
Petitioner argu
Nurture Well Issues ₹25 Crore Corporate Guarantee
Nurture Well Industries issued a ₹25 crore corporate guarantee to Punjab & Sind Bank for its material subsidiary Nurture Well Foods Limited.
The guarantee secures a loan facility for the subsidiary an
Suryoday SFB Q1 FY27 Advances Up 33% YoY
Suryoday Small Finance Bank reported unaudited Q1 FY27 business updates with gross advances growing 32.5% YoY to ₹14,374 crore.
Total deposits increased 29.4% YoY to ₹14,634 crore, with CASA ratio imp
Supreme Court Restores Bhilwara Jurisdiction for Sharma
Supreme Court allowed Sharma's appeals, overturning High Court's March 6, 2024 order that transferred Section 138 NI Act case to Ajmer.
The Court held that jurisdiction for an account‑payee cheque lie
G.L. Engineering FDR Renewed One Year
Supreme Court ordered renewal of G.L. Engineering Industries Pvt. Ltd's Fixed Deposit Receipt for an additional one‑year term.
The petitioner failed to provide proper security despite a prior order da
NCLT Kolkata Adjourns Indian Bank Insolvency Petition
NCLT Kolkata Bench adjourns Indian Bank's Section 95(1) insolvency petition against Basant Kumar Mundra to 24 August 2026.
The order sheet notes that pleadings are complete in the matter and directs p
NCLT Adjourns Canara Bank vs Raghu Balasaria Hearing
NCLT Kolkata Bench adjourns Section 95(1) insolvency proceeding against personal guarantor Raghu Ragav Balasaria of Venus Bioscience.
Matter involves Canara Bank as financial creditor and has been lis
NCLT Adjourns Indian Bank vs Motijug Agencies Insolvency
NCLT Kolkata Bench adjourns Section 7 IBC hearing due to non-appearance of parties.
Matter involves Indian Bank's insolvency petition against corporate debtor Motijug Agencies Ltd.
Case rescheduled fo
NCLT Adjourns Central Bank vs Jainco Automotive Hearing
NCLT Kolkata Bench adjourns Central Bank of India's insolvency petition against Jainco Automotive Pvt Ltd.
The matter under Section 7 of IBC was listed for hearing on 29th June 2026 but regular bench
NCLT Kolkata Adjourns SBI vs Sudarshan Das Mundhra
NCLT Kolkata Bench adjourns hearing for State Bank of India's insolvency application against Sudarshan Das Mundra.
Matter listed under Section 95(1) of IBC for next hearing on July 20, 2026.
Hearing p
NCLT Kolkata Adjourns SBI vs Vinod Mittal Hearing
NCLT Kolkata Bench adjourned hearing in State Bank of India's insolvency application against Vinod Kumar Mittal.
Matter listed for next hearing before Regular Bench on August 7, 2026.
Application file
Union Bank Female Transfers Stay Set Aside
Madras High Court set aside interim order staying transfers of female officers who had not submitted preferences under the bank's Transfer Policy.
Court dismissed appeal seeking to extend stay to 1,20
J&K Bank Appeal Decided, Petition Dismissed
Petitioner Mohammad Ayoub Malik sought direction for respondents to decide his appeal against dismissal order.
Respondents' counsel submitted that the appeal was already decided on 5 January 2026 unde
SBI MCC Corrects Typo in Das vs State Order
High Court allowed SBI's MCC to correct a typographical error, changing 'respondent‑Bank' to 'Mahant Ghasidas Memorial Museum' in the April 9, 2026 order.
NCLAT Extends Interim Order in SBI-IDBI Bank Appeal
NCLAT Chennai extends an interim order from December 2025 until the next hearing on August 11, 2026.
The appeal involves State Bank of India as the appellant and IDBI Bank among the respondents.
The o
RBI Penalises Nirmal Urban Bank ₹1 Lakh
RBI imposed a monetary penalty of ₹1 lakh on Nirmal Urban Co-operative Bank Ltd for non‑compliance with exposure limits and deposit rate directives.
The penalty follows a statutory inspection of the b
RBI Extends Ramgarhia Bank Directive 3 Months
RBI extended the Section 35A directive for Ramgarhia Co‑operative Bank Ltd from 8 July 2026 to 8 Oct 2026, adding a three‑month period.
The extension is made in public interest and does not imply RBI
Equitas SFB Allots 1.74 Lakh ESOP Shares
Equitas Small Finance Bank allotted 174,562 equity shares to employees under its ESOP scheme on July 02, 2026.
The allotment increased the bank's paid-up share capital from ₹1,143.72 crore to ₹1,143.9
Capital SFB Q1FY27 Advances Up 22% YoY
Capital Small Finance Bank reported provisional Q1FY27 business highlights with gross advances growing 22% YoY to ₹9,074 crore.
Asset quality improved with Gross NPA ratio declining to 2.47% from 2.54
J&K Bank Q1 Provisional Business Up 20.36% YoY
Jammu and Kashmir Bank reports provisional Q1 FY2027 total business of ₹3,03,996 crore, showing 20.36% YoY growth.
Gross advances increased 25.51% YoY to ₹1,30,576 crore while deposits grew 16.75% to
Indian Bank Writ Petition Dismissed as Withdrawn
The Calcutta High Court heard W.P.A. 27278 of 2025 filed by Indian Bank and another against the Union of India.
Petitioners presented a CBI Superintendent’s communication dated 15 June 2026, indicatin
IDBI Bank vs Ghosh Brothers Auto Adjourned
NCLT Guwahati adjourns IDBI Bank's Section 7 insolvency petition against Ghosh Brothers Auto Sales.
Case adjourned to 28 July 2026 as parties report ongoing settlement negotiations.
Both parties repre
NCLT Adjourns IDBI Bank vs Ghosh Brothers Insolvency
NCLT Guwahati Bench adjourns Section 7 IBC insolvency petition filed by IDBI Bank against Ghosh Brothers Motors.
Adjournment granted as parties report ongoing settlement discussions with likelihood of
Feather and Flute Fintrade Personal Guarantor Repayment Plan
NCLT Guwahati Bench hears UCO Bank's insolvency petition against personal guarantor Jitesh Jalan.
Personal Guarantor Jitesh Jalan has submitted a repayment plan to the Resolution Professional.
Resolut
Manas Kumar Lenka Writ Petition Dismissed
Manas Kumar Lenka filed a writ petition challenging actions of the Authorized Officer of Jana Small Finance Bank, Balasore Branch.
The High Court of Odisha, Cuttack bench, heard the case under WP(C) N
Unity SFB Seeks NCLT Order Modification for Vehicle OTS
Unity Small Finance Bank files application to modify NCLT's April 2026 order regarding a vehicle One Time Settlement.
Seeks direction for Resolution Professional to present its OTS proposal to Committ
NCLT Admits Canara Bank Personal Guarantor Progress Report
NCLT Chennai disposes of an application filed to record a progress report in a personal guarantor insolvency case.
The resolution professional's report covers the period from 23 April 2026 to 22 May 2
NCLT Adjourns Punjab National Bank vs Aman Medical Hearing
NCLT Allahabad Bench adjourns Punjab National Bank's insolvency case against Aman Medical Pvt Ltd to August 12, 2026.
Liquidator was absent from the hearing, while respondents' counsel appeared and co
Supreme Court Defers Vimla Devi Appeal
On 30‑06‑2026, the Supreme Court heard Civil Appeal No.12996/2025 between Vimla Devi and Karnataka Bank Limited in a series of interim applications.
Court declined to grant interim relief or rule on m
Tamilnad Mercantile Bank Q1 Business Growth Update
Tamilnad Mercantile Bank reported 23.04% YoY growth in total business to ₹1,21,715 crore as of June 30, 2026.
Total advances grew 27.01% YoY to ₹57,306 crore while deposits increased 19.71% YoY to ₹64
Dhanlaxmi Bank Q1 FY27 Provisional Business Update
Dhanlaxmi Bank reports provisional Q1 FY27 business figures with total business at ₹35,188 crore.
Gold loans show strongest growth at ₹7,105 crore, followed by gross advances at ₹15,785 crore.
CASA de
Aurangabad DCC Bank Board Election Eligibility
Petitioners seek inclusion of 22 individual shareholders in voters' list for 2026-2031 board election of Aurangabad District Central Co-operative Bank.
Respondent argues Section 27(3A) requires two-ye
RBI Money Market Operations June 26
RBI reported zero volume in overnight money market segments on June 26, 2026, with weighted average rates at 0.00%.
LAF, MSF and SDF operations injected -1,24,008 crore rupees today, with total net li
RBI 2026 Money Market Liquidity ₹1.13 Lakh Cr
RBI released money market operations data for 25 June 2026, detailing volumes, rates, and liquidity positions across overnight and term segments.
Overnight segment volume reached ₹6,65,304.77 crore wi
RBI VRR Auction Allots ₹75k Cr @5.26%
RBI conducted a 2‑day Variable Rate Repo auction on June 29 2026 with a notified amount of ₹75,000 crore.
Bids totalling ₹76,275 crore were received, and ₹75,021 crore were allotted, representing 98.0
RBI Announces ₹75,000 Cr Overnight VRR Auction
RBI will conduct an overnight Variable Rate Repo auction under the Liquidity Adjustment Facility on June 30, 2026.
The auction will offer a notified amount of ₹75,000 crore for a one‑day tenor, with b
RBI Money Market Operations June 27 2026
All money market segments (overnight, term) recorded zero volume and rates on June 27, 2026.
RBI injected net liquidity of ₹40,787.89 crore (including outstanding and today’s operations) while absorbi
RBI Weekly Statistical Supplement 26‑Jun‑2026
RBI weekly statistical supplement released 26 June 2026 shows total reserves fell by ₹4,245.7 crore week‑on‑week to ₹6,346,007 crore.
Aggregate deposits of commercial banks declined by ₹1.605 crore cr
RBI VRR Auction Allots ₹16,800 cr @5.26%
RBI conducted a 4‑day Variable Rate Repo auction on June 25 2026 with a notified amount of ₹50,000 crore.
Total bids received amounted to ₹16,800 crore, which matched the full amount allotted by the R
RBI Announces ₹75,000 Cr VRR Auction
The RBI announced a Variable Rate Repo auction under the LAF to be held on Monday, 29 June 2026.
The notified amount for the auction is ₹75,000 crore with a two‑day tenor and a bidding window from 9:3
RBI Money Market Volume June 24 2026
Overnight money market segment recorded ₹6,76,503.87 cr volume with weighted average rate 5.22% and rate range 4.00‑5.60%.
Call money ₹21,919.29 cr at 5.37% avg (4.20‑5.45%); Triparty repo ₹4,62,044.8
RBI Releases Reserve Money Data June 2026
The Reserve Bank of India published reserve money figures for the fortnight ending 15 June 2026.
The release is identified as Press Release 2026-2027/532 and issued by Deputy General Manager Ajit Pras
RBI 7-Day VRR Allots ₹141,171 Cr @5.26%
RBI conducted a 7‑day Variable Rate Repo auction on 23 June 2026 with a notified amount of ₹200,000 crore.
Total bids received amounted to ₹141,171 crore, which was fully allotted, matching the bid vo
RBI June 2026 Money Market Liquidity -₹1.44L
RBI reported net liquidity injection of -₹1,43,642 crore on June 21, 2026, indicating overall liquidity absorption.
Standing Deposit Facility (SDF) injected ₹1,44,129 crore at 5.00% rate, while Margin
RBI VRR Auction 5.26% Cutoff, 36,300 Cr
RBI announced results of overnight variable rate repo auction held on June 22, 2026.
The notified amount was ₹125,000 crore, but bids received totaled ₹36,300 crore, which were fully allotted.
The cut
RBI VRR Auction Allots ₹16,750 Cr @5.26%
RBI conducted a 3‑day Variable Rate Repo auction on June 19 2026 with a notified amount of ₹100,000 crore.
Total bids received amounted to ₹16,750 crore, which were fully allotted at a cut‑off and wei
RBI Money Market 6.66 Cr, 5.09% Rate
RBI reported total overnight money market volume of ₹6,66,232.85 crore with a weighted average rate of 5.09% (range 4.00‑5.50%).
Call money, triparty repo and market repo contributed ₹18,500.97 crore,
RBI Announces ₹125,000 Cr Overnight VRR Auction
RBI will hold an overnight Variable Rate Repo auction on June 22, 2026 under the Liquidity Adjustment Facility.
The auction will offer a notified amount of ₹1,25,000 crore for a one‑day tenor, with bi
RBI Weekly Stats: M3 Up 1.1%
The bulletin reports total reserves of ₹6.39 trillion, down ₹82.1 billion week‑on‑week, with a yearly increase of ₹370.5 billion.
Money stock M3 rose to ₹31.46 trillion, a 1.1% fortnightly rise and 12
RBI Announces ₹100,000 Cr VRR Auction
RBI will conduct a three‑day Variable Rate Repo auction under the Liquidity Adjustment Facility on June 19 2026.
The auction will offer a notified amount of ₹1,00,000 crore with a three‑day tenor, win
RBI Money Market June 17: ₹687K Cr
Overnight segment total volume reached ₹6,87,307.30 crore with weighted average rate 5.22% and range 4.20‑5.60%.
Repo operations injected ₹50,016 crore at 5.26% rate, while SDF absorbed ₹1,77,254 cror
RBI VRR Auction Allots ₹50,016 cr @5.26%
RBI conducted a 2‑day Variable Rate Repo auction on June 17 2026 with a notified amount of ₹50,000 crore.
Bids totalling ₹68,400 crore were received, and ₹50,016 crore were allotted, representing a 70
RBI Overnight Money Market Volume ₹6.96 Lakh
RBI reported total overnight money market volume of ₹6,95,500.75 crore with weighted average rate 5.30% and range 4.00‑5.65%.
Repo operation on 16‑Jun‑2026 (7‑day tenor) injected ₹89,440 crore at 5.26
RBI Announces ₹150,000 Cr 7-Day VRR Auction
RBI will conduct a 7‑day Variable Rate Repo auction on June 16, 2026 under the Liquidity Adjustment Facility.
The auction size is ₹1,50,000 crore with a single tenor of 7 days, window 09:30‑10:00 AM,
RBI 7-Day VRR Allots ₹89,440 Cr @5.26%
RBI conducted a 7‑day Variable Rate Repo auction on June 16 2026 with a notified amount of ₹1,50,000 crore.
Total bids received amounted to ₹89,440 crore, which were fully allotted at a cut‑off and we
RBI Reports Net Liquidity Absorption ₹172,856 Cr
RBI’s money market operations on June 14 2026 recorded zero volumes across all overnight and term segment transactions, including call money and repo.
The Marginal Standing Facility operated at 5.50%
RBI Net Liquidity Absorption ₹1.74L Cr
RBI's money market operations on June 13, 2026 show zero transaction volumes across overnight and term segments.
Net liquidity injected from today's and outstanding operations totals a net absorption
RBI Money Ops June 2026: ₹6.86 Lakh
RBI reported total overnight money market volume of ₹6,85,828.90 crore on June 12 2026 with a weighted average rate of 5.15 %.
Term segment volumes included notice money of ₹1,308.00 crore at 5.32 % a
RBI Issues Advertising Amendment Directions 2027
RBI issued final Amendment Directions on advertising, marketing and sale of financial products by regulated entities, effective Jan 1 2027.
Directions apply to Commercial, Small Finance, Payments, Loc
RBI Money Market Volume ₹7.23 Lakh Cr
RBI reported total overnight money market volume of ₹7,23,737.09 crore on June 11, 2026, with weighted average rate 5.14% and range 1.00‑5.40%.
Call money volume 16,981.69 crore at avg 5.27% (range 4.
RBI Money Market Volume ₹7.19 Lakh Cr
RBI reported total overnight money market volume of ₹7,19,127.92 crore with weighted average rate 5.18% and range 4.00‑5.50%.
Repo operations injected net liquidity of –₹1,79,446.00 crore today, while
DCB Bank FY26 PAT Hits Record ₹732 Crore, Up 19%
DCB Bank reported its highest-ever annual Profit After Tax of ₹732 Crore, up 18.89% YoY, with advances growing 17.58% to ₹60,022 Crore and deposits up 20.91% to ₹72,583 Crore.
The Bank maintained stro
RBI Releases Fortnightly Reserve Money Data
RBI issued a press release on June 10, 2026 providing Reserve Money and Money Supply figures for the fortnight ended May 31, 2026.
The data are accessible through Excel files linked in the release, id
RBI Overnight Money Market Liquidity June 2026
RBI reported total overnight money market volume of ₹26,317.71 crore on June 6, 2026, weighted average rate 5.09% (range 4.25‑5.50%).
Repo operations dominated with ₹20,194.05 crore at 5.05% average,
RBI Reports Zero Money Market Volume June 7
RBI reported zero volume across all overnight and term money market segments on June 7, 2026.
Net liquidity injection from today's operations was -18,223.03 crore rupees, bringing total net liquidity
RBI 4-Day VRR Auction ₹75,000 Cr
RBI conducted a 4‑day Variable Rate Repo auction on June 8 2026 with a notified amount of ₹75,000 crore.
Total bids received matched the notified amount at ₹23,680 crore, and the full amount was allot
RBI Money Market Operations June 2026
RBI during June 5 2026 reported overnight money market volume of ₹15,874.22 crore at a weighted average rate of 5.14%, range 4.25‑5.55%.
Term segment recorded ₹5,29,767.85 crore triparty repo volume a
RBI Weekly Data Shows ₹179,764 Cr Deposit Drop
RBI weekly statistical supplement (June 5 2026) reports aggregate deposits fell by ₹179,764 crore week‑on‑week, a 0.7% decline.
Total reserves slipped to ₹6.48 trillion, with foreign currency assets d
RBI 2026 Money Market Liquidity -₹1.88 Lakh
RBI’s money market operations on June 4 2026 recorded ₹6.94 lakh cr overnight volume with weighted average rate of 5.06 %.
Net liquidity injection, including today’s and outstanding operations, amount
Karur Vysya Bank Revises MCLR Rates Up 5-15 bps
Karur Vysya Bank discloses MCLR rate revision effective April 22, 2026, pursuant to SEBI LODR Regulation 30.
Overnight MCLR increases by 5 bps to 8.85%, while six-month and one-year rates rise by 5 bp