Tag
Banking
81 articles
Several insolvency appeals and procedural matters are dominating recent activity within the Indian banking sector. The National Company Law Appellate Tribunal (NCLAT) Chennai continues to hear and often adjourn appeals filed by banks like Canara Bank, Bank of India, UCO Bank, IDBI Bank, and State Bank of India against various corporate insolvency resolution processes. These postponements highlight the ongoing complexities and delays within the insolvency system. Elsewhere, the Supreme Court addressed matters involving State Bank of India and Federal Bank, demonstrating continued judicial oversight of banking practices. Finally, Punjab National Bank reported provisional business growth figures for the first half of fiscal year 2027, indicating a positive trend in deposits and advances, while Equitas SFB also reported strong advances growth. These developments suggest a mixed landscape for Indian banks, balancing operational challenges with underlying growth momentum.
Central Bank of India Senior Management Portfolio Changes
Central Bank of India announces rotational transfers of three senior executives effective October 1, 2026.
Shri P Anup Kumar moves from NEO Banking & Emerging Technology to Customer Care Department.
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SBI Ordered to Release Rs 18L FD
Supreme Court heard Misc. Application No.284990/2026 on 1 Oct 2026, petition by YANKANNA YADAV @ A. VENKANNA against State Bank of India.
Court found loan account closed, allowing petitioner to withdr
NCLAT Chennai Lists Canara Bank Appeals
NCLAT Chennai lists two appeals filed against Canara Bank for hearing on 8th October 2026.
Appellants Madhusudan Khemka and R. Sundaresh are challenging orders involving the bank.
The Tribunal directe
Bank of India Tirupur Surya Textiles Liquidation Appeal Adjourned
NCLAT Chennai lists Bank of India's appeal against Tirupur Surya Textiles liquidator for hearing on 21 December 2026.
The appeal challenges actions or decisions of the liquidator, CA GV Ravikumar, in
NCLAT Continues Tamilnad Mercantile Bank Interim Order
NCLAT Chennai continues interim orders in two linked insolvency appeals filed against Tamilnad Mercantile Bank.
The appeals (No.26/2026 and No.27/2026) involve appellants M. Shanmugam and S. Chandra v
UCO Bank Rathna Stores Liquidation Appeal Adjourned
NCLAT Chennai adjourns UCO Bank's appeal against Rathna Stores Pvt. Ltd. liquidator to December 2, 2026.
The interim order in place is to continue until the next hearing date.
The appeal challenges ac
NCLAT Adjourns IDBI Bank, SBI Aegan Appeals
NCLAT Chennai adjourns three insolvency appeals filed by IDBI Bank and State Bank of India to December 11, 2026.
Appeals involve Thyagarajan Arunkumar, erstwhile MD of Aegan Industries Pvt Ltd and Aeg
NCLAT Adjourns SBI Insolvency Appeal Hearing
NCLAT Chennai adjourns two insolvency appeals filed against State Bank of India to late September and early October 2026.
Appellants Debashis Bose and Pragya Jhunjhunwala are represented by senior cou
NCLAT Continues Interim Order in T&R Auto vs Kotak Case
NCLAT Chennai continues interim order in T&R Auto MD's appeal against Kotak Mahindra Bank.
Case listed for hearing on interim order on December 18, 2026.
Appeal filed by Ramkumar Reddy Satty, Managing
Cuddalore District Central Cooperative Bank 6-Day Delay Condoned
Madras High Court condoned six‑day delay in filing writ appeal by Managing Director of Cuddalore District Central Cooperative Bank Ltd.
The order also kept Contempt Petition No. 228 of 2026 in abeyanc
Kotak Mahindra Bank NCLAT Appeal Hearing Scheduled
NCLAT Principal Bench schedules next hearing for Kotak Mahindra Bank's appeal for November 30, 2026.
The appeal (Company Appeal (AT) (Ins) No. 2005 & 2006 of 2025) is against respondents Hemant Sharma
NCLAT Adjourns Ramen Deka vs UCO Bank Appeal
NCLAT adjourned Insolvency Appeal No. 1859 of 2026 filed by Ramen Deka against UCO Bank due to appellant's non-appearance.
The Tribunal did not pass any adverse order despite appellant's absence and l
Indian Overseas Bank NCLAT Hearing Postponed
NCLAT Principal Bench postpones Indian Overseas Bank's appeal hearing due to time constraints.
The appeal (Comp. App. (AT) (Ins) No. 1954 of 2025) is now listed for 03.11.2026.
Appellant is Indian Ove
Vishal Dairy Petition Dismissed; SARFAESI Remedy Directed
The Bombay High Court (Kolhapur bench) dismissed Writ Petition No. 4870/2026 filed by Vishal Dairy Farming against State Bank of India.
Court held petition was misconceived and directed petitioner to
PNB H1 FY2027 Provisional Business Growth
Punjab National Bank reports provisional H1 FY2027 business figures showing 4.06% growth in global business.
Global deposits grew 3.03% to ₹17.77 lakh crore while global advances increased 5.46% to ₹1
RBI Weekly Stats Show FX Reserves Down 2.5%
RBI weekly statistical supplement dated 2 Oct 2026 reports total foreign exchange reserves at ₹7.16 trillion, down ₹178.7 billion (≈2.5%) week‑on‑week.
State government loans to RBI fell to ₹19,427 cr
NCLAT Adjourns Jammu Kashmir Bank Insolvency Appeal
NCLAT adjourned Comp. App. (AT) (Ins) No. 1670 of 2026 due to lack of time, listing it for next hearing on 05.10.2026.
The appeal involves Pooja Ramesh Singh as appellant versus Jammu and Kashmir Bank
Equitas SFB Q2 FY27 Advances Grow 29.58% YoY
Equitas SFB reports provisional Q2 FY27 business update with gross advances growth of 29.58% YoY to ₹50,694 crore.
Total deposits increased 19.03% YoY to ₹52,483 crore, while CASA ratio improved to 26
Federal Bank Secures Stay on Impugned Order
Supreme Court heard Special Leave petition (No. 33555/2026) by Federal Bank Ltd against Murthi Cotton Waste Company on 30 Sep 2026.
Court ordered issuance of notice, returnable within four weeks, and
Ideal Aurum Nirman Stay vs Yes Bank
Supreme Court heard stay application in Civil Appeal No.11170/2026 between Ideal Aurum Nirman LLP and Yes Bank Limited on 1 Oct 2026.
The bench comprised Justice Pamidighantam Sri Narasimha and Justic
SC Dismisses SLP vs Kotak Mahindra Bank
The Supreme Court heard SLP 39196/2026 filed by Shripaty R. Bhagat & Ors challenging a Court judgment against Kotak Mahindra Bank Ltd.
The Court condoned delay in filing and declined to interfere with
Tripura Gramin Bank SLP Delay Condoned
Supreme Court condoned delay in filing the Special Leave Petition by Tripura Gramin Bank & Ors.
Court affirmed the High Court's dismissal of Payel Biswas from service, finding no ground to interfere.
Court Directs Mediation: Alan Chung vs HDFC
The Supreme Court heard Special Leave Petition No.33989/2026 filed by Alan Chung Wah Tang & others against HDFC Bank Limited.
The Court ordered both parties to attempt amicable resolution through medi
ICICI Bank Pays Rs 3 Lakh Settlement
Supreme Court Special Lok Adalat disposed Civil Appeal No.1374 of 2023 between Ranjana Dugar and ICICI Bank Ltd.
Settlement requires ICICI Bank to pay a lump‑sum Rs 3,00,000 in addition to the High Co
Karur Vysya Bank Tax Appeals Withdrawn
Karur Vysya Bank Ltd filed Civil Appeals Nos. 140‑142/2015 against the Commissioner of Income Tax in the Supreme Court Special Lok Adalat.
The parties reached a settlement, and the appellant unconditi
Umeshwar Dubey Review Petition Dismissed
Supreme Court condoned delay in filing review petition for Umeshwar Dubey vs Chhattisgarh Rajya Gramin Bank.
The court rejected the petitioner's request for an oral hearing on the review application.
Union Bank Q2 Advances Grow 18.53% YoY
Union Bank of India reports provisional Q2 FY2027 business growth with global gross advances up 18.53% YoY to ₹11.55 lakh crore.
Domestic CASA deposits increased 14.66% YoY to ₹4.60 lakh crore, while
Indian Bank Revises TBLR Rates 5-25 bps
Indian Bank's ALCO revised Treasury Bills Linked Lending Rates (TBLR) upwards by 5 to 25 basis points across tenors.
The revised TBLR rates range from 5.30% to 5.95% and become effective from October
NCLAT Adjourns Sir M. Visvesvaraya Bank Appeals
NCLAT Chennai adjourns three connected insolvency appeals involving Sir M. Visvesvaraya Co-operative Bank Ltd to December 2026.
Appellants Nagaraj CM and Arun Kumar HP had no legal representation pres
NCLAT Lists Madhusudan Khemka, R. Sundaresh Appeals
NCLAT Chennai lists two appeals filed by individuals Madhusudan Khemka and R. Sundaresh against Canara Bank for hearing on 8 October 2026.
The Tribunal directs that any existing interim orders in thes
NCLAT Continues Interim Order in T & R Auto Appeal
NCLAT Chennai lists an insolvency appeal filed by T & R Auto's MD against Kotak Mahindra Bank for hearing on December 18, 2026.
The appellate tribunal directs that the existing interim order in the ma
PNB Compliance Officer and RTA Details Disclosure
Punjab National Bank discloses Mr. Bikramjit Shom as qualified Compliance Officer effective April 2025.
Bank appoints Kfin Technologies as RTA for equity shares effective July 2026.
Alankit Assignment
Industrial Co‑op Bank Guwahati Extension to Jan 2027
RBI extends its Section 35A directions for The Industrial Co‑operative Bank Ltd., Guwahati to Jan 4 2027, adding three months.
The previous extension had already pushed the deadline to Oct 4 2026 afte
Innovative Co-operative Urban Bank 3‑Month Extension
RBI extends the operational directive for Innovative Co-operative Urban Bank Limited by three months, from 4 Oct 2026 to 4 Jan 2027.
The extension follows a prior six‑month directive (July 4 2025‑Jan
Fino Payments Bank Interim CFO Tenure Extended
Fino Payments Bank's Board approved a 3-month extension for Interim CFO Anup Agarwal, effective October 6, 2026.
The extension was based on the Nomination & Remuneration Committee's recommendation, as
UCO Bank Q2 Business Growth Advances 24.7%
UCO Bank reports provisional Q2 FY2027 business growth with total advances up 24.68% YoY to ₹2.88 lakh crore.
Total deposits increased 14.05% YoY to ₹3.49 lakh crore while CD ratio improved to 82.37%
Siddharth Textile to Pay Rs 39 Lakh
Supreme Court heard petition by Siddharth Textile against RBL Bank regarding payment dispute arising from High Court judgment.
Petitioner presented a cheque of Rs 1.11 crore, while DRT order demanded
Bank HR Head Change and CGM Promotion
Shambhu Lal appointed as HR Wing Head effective October 1, 2026, replacing B P Jatav who retired.
Barun Singh Thakur promoted to Chief General Manager and posted to Inspection Wing from same date.
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Indian Bank Submits SEBI Regulatory Intimation
Indian Bank files regulatory intimation with BSE and NSE regarding compliance with SEBI LODR and PIT regulations.
The submission is signed by AGM & Company Secretary Dina Nath Kumar and dated October
Punjab & Sind Bank Q2 FY2027 Provisional Figures
Punjab & Sind Bank intimates BSE and NSE of its provisional business figures for the quarter ended September 30, 2026.
The disclosed figures are provisional and subject to review by the bank's Central
Canara Bank Q2 Provisional Business Up 15.8%
Canara Bank reports provisional Q2 FY2027 business figures showing 15.83% YoY global business growth.
Global deposits grew 13.13% YoY to ₹16.97 lakh crore while global advances increased 19.35% YoY to
Canara Bank Q2 Global Business Up 5.7%
Canara Bank reports provisional Q2 FY2027 global business growth of 5.71% to ₹30.71 lakh crore, subject to audit review.
Domestic deposits grew 5.05% to ₹15.48 lakh crore while domestic advances incre
Canara Bank Q2 Provisional Business Up 16-19% YoY
Canara Bank reports provisional Q2 FY2027 business figures showing strong double-digit YoY growth across key metrics.
Global Advances grew 19.35% YoY to ₹13.74 lakh crore while Global Deposits increas
Dhanlaxmi Bank H1 FY27 Business Growth Update
Dhanlaxmi Bank reports 21.08% YoY growth in total business to ₹36,500 crore for H1 FY27.
Gold loan portfolio surges 53.43% YoY to ₹6,823 crore, while MSME advances grow 35.90%.
Provisional figures sho
SAL Steel Ltd Avails ₹124 Crore Kotak Bank Facilities
SAL Steel Ltd secured ₹124 crore facilities from Kotak Mahindra Bank, comprising ₹75 crore new term loan and ₹49 crore working capital renewal.
The facilities carry 10% interest, 60-month repayment te
SAL Steel Ltd Avails ₹124 Crore Kotak Bank Facilities
SAL Steel Ltd secured ₹124 crore facilities from Kotak Mahindra Bank, comprising ₹75 crore new term loan and ₹49 crore renewed working capital.
The term loan carries 10% interest, is repayable in 60 m
Capital Small Finance Bank October 2026 ESOP Allotment Meeting
Capital Small Finance Bank Securities Committee meeting scheduled for October 06, 2026 to consider ESOP allotments.
Meeting will address share allotment under two employee stock option plans for Mater
SAL Steel Approves ₹75 Crore Kotak Term Loan
SAL Steel Ltd. board approved availing additional term loan of ₹75 crore from Kotak Mahindra Bank.
Funds will be utilized for partial repayment of ICD due to AIA Engineering Limited.
Loan is secured b
Bank of Maharashtra Appoints Devdatta Rokade as CCO
Bank of Maharashtra designates Shri Devdatta Rokade as Chief Compliance Officer effective October 1, 2026.
Appointment fulfills regulatory requirement for CCO at Chief General Manager rank from intern
J&K Bank Discloses Compliance Officer & RTA Details
Jammu and Kashmir Bank Limited files regulatory compliance disclosure under SEBI LODR Regulations 6 and 7.
Mohammad Shafi Mir serves as Compliance Officer with FCS membership number 8516 for September
Supreme Court Dismisses SL Petition Indian Bank
On 29‑09‑2026, the Supreme Court condoned filing delay in the Special Leave Petition lodged by Renu Murti Shandilya and associates.
The petition challenged a 09‑02‑2026 High Court order that had quash
Lok Holdings SLP Dismissed by Supreme Court
Supreme Court heard Lok Holdings & Constructions Ltd's SLP petition against SBI on 29‑09‑2026, condoning the filing delay.
Court declined to entertain the SLP but permitted petitioner to approach the
HC Orders DRT Action on Canara Bank
The High Court of Odisha disposed the writ petition at admission, directing Kataka DRT to rule on interim applications within two weeks.
Krishna Kumar Ray approached the DRT (SA No.180/2025) and filed
NCLAT Adjourns Sir M Visvesvaraya Bank Appeals
NCLAT Chennai adjourns three insolvency appeals involving Sir M Visvesvaraya Co-operative Bank Ltd to December 14, 2026.
Appellants Nagaraj CM and Arun Kumar HP did not appear for their respective hea
RBI SCBs Lending Rate Falls to 8.96%
Weighted average lending rate on outstanding loans fell to 8.96% in August 2026, down from 8.97% in July.
Fresh loan weighted average rate rose to 8.61% in August 2026, up from 8.52% in July, indicati
RBI Scheduled Banks Position Sep 15 2026
RBI released the scheduled banks' statement of position as of 15 Sep 2026, detailing liabilities, assets and credit across the banking system.
Total deposits (excluding banks) stood at ₹28.17 trillion
Bank of Maharashtra CVO Amit Srivastava Superannuates
Bank of Maharashtra's Chief Vigilance Officer, Amit Srivastava, superannuated effective September 30, 2026.
The disclosure is made pursuant to Regulation 30 of SEBI LODR Regulations, 2015.
The resigna
Canara Bank Exercises ₹1500 Crore AT1 Bond Call Option
Canara Bank exercises call option on its 8.40% coupon Basel III AT1 bond (ISIN: INE476A08126) issued in October 2021.
RBI granted approval for the call option on September 15, 2026, with October 8, 20
Akme Fintrade Secures ₹10 Crore Term Loan
Akme Fintrade (India) Ltd received a ₹10 crore term loan sanction from City Union Bank Ltd.
The intimation is a regulatory disclosure to stock exchanges as required for material events.
The loan detai
Bank of India Virtual Investor Meeting with Marshall Wace
Bank of India executives held a one-on-one virtual meeting with Marshall Wace Asia on September 30, 2026.
The meeting was disclosed under SEBI LODR Regulation 30 as a mandatory investor/analyst engage
Central Bank of India Q1 FY27 Net Profit ₹1324 Crore
Central Bank of India presents Q1 FY27 investor update highlighting a standalone net profit of ₹1324 crore and 13.26% YoY growth.
Global business reached ₹8,33,320 crore with advances growing 28.58% Y
RBI Sets ₹50,000 Cr WMA Limit
RBI, consulting with Government, fixes WMA limit for Oct 2026‑Mar 2027 at ₹50,000 crore.
RBI may trigger fresh market loan floatation once the government utilizes 75% of the ₹50,000 cr limit.
Interest
RBI Weekly Bulletin: Reserves at ₹7.34 Lakh Cr
RBI weekly statistical supplement dated 25 Sep 2026 reports total reserves of ₹7.34 lakh crore, down ₹1.17 lakh crore week‑on‑week.
State government loans rose to ₹19,427 crore, a fortnight increase o
Bank of Baroda Sells NSE Shares for ₹1,372.35 Crores
Bank of Baroda discloses sale of 76.9 lakh NSE shares via IPO offer for sale.
Gross consideration from the transaction amounts to ₹1,372.35 crores.
Filing made under SEBI LODR Regulation 30 for market
RBI VRRR Auction Sep 24: 5.24% Rate
RBI announced the overnight VRRR auction on Sep 24, 2026 with a notified amount of ₹125,000 crore.
Total offers received amounted to ₹101,399 crore, which were fully accepted at the cut‑off and weight
J&K Bank Reports Record ₹2,363 Crore FY26 Profit, 13.5% Growth
J&K Bank achieved highest-ever annual net profit of ₹2,363.47 crore with 13.5% YoY growth and fourth consecutive year of record profitability.
Total business crossed ₹2.90 lakh crore with 16.82% advan
J&K Bank 88th AGM Approves ₹1000 Crore Fundraising
J&K Bank held its 88th AGM to adopt FY26 financials, reporting record ₹2,363 crore net profit and ₹2.90 lakh crore total business.
Shareholders approved raising ₹1000 crore in Tier I capital and appoi
RBI Money Market Liquidity Deficit ₹604,964 Cr
RBI reported zero transaction volumes across overnight and term money‑market segments on 20 September 2026.
Net liquidity injected from today’s and outstanding operations resulted in a total deficit o
RBI Money Liquidity -89,513 Cr Sep 2026
RBI reported overnight money market volume of ₹11,474.37 crore with weighted average rate of 5.22% and range 4.75‑5.50% on Sep 19 2026.
Call money contributed ₹828.80 crore at 4.92% rate, while tripar
RBI Issues New Market Risk Capital Rules
RBI issued final Directions on Minimum Capital Requirements for Market Risk under Basel III, effective April 1 2027, after stakeholder feedback.
Directions adopt Simplified Standardised Approach and r
ICICI Bank Files FY2026 Annual Report with 15.8% Loan Growth
ICICI Bank filed its Annual Securities Report with Japan's Kanto Finance Bureau on September 18, 2026, reporting ₹542.1 billion net profit and 15.8% loan growth.
Foreign ownership decreased to 50.3% w
RBI Money Market Operations Sep 13 2026 Liquidity
RBI reported net liquidity absorption of ₹2,80,631 crore from today's operations, bringing total net liquidity injection to –₹10,81,321 crore.
Cash reserves of scheduled commercial banks stood at ₹7,9
RBI VRRR Auction Draws ₹60,449 Cr @5.24%
RBI announced results of its 26‑day Variable Rate Reverse Repo auction conducted on 11 Sept 2026.
The auction had a notified amount of ₹5 lakh crore, but received offers totaling ₹60,449 crore, all of
RBI Money Market Liquidity Absorption 10.43 Lakh
The overnight money market segment recorded a volume of ₹6,76,850.95 crore with a weighted average rate of 4.60% (range 1.00‑5.20%).
Today's reverse repo of ₹3,96,694 crore at 5.24% and MSF of ₹82 cro
RBI VRRR Auction 5.24% Rate, ₹396,694 Cr
RBI announced results of the overnight variable rate reverse repo auction held on Sep 10, 2026.
The notified amount was ₹6,00,000 crore, but total offers received amounted to ₹3,96,694 crore, all of w
Udayshivakumar Infra AGM Approves FY26 Profit Turnaround
Udayshivakumar Infra reported FY26 net profit of ₹1.85 crore, reversing previous year's loss of ₹6.52 crore, despite revenue declining to ₹21.13 crore.
Company will hold 7th AGM on September 30, 2026
Bank of Baroda Divests 35% NSE Stake via IPO
Bank of Baroda discloses its plan to sell up to 76.9 lakh NSE shares via an Offer for Sale in NSE's IPO.
The divestment represents 35% of the bank's total holding in the National Stock Exchange of Ind
Bank of India Q1 Net Profit Up 36% YoY
Bank of India reported a 36.23% YoY rise in Q1 FY27 net profit to ₹3,068 crore, driven by 12.61% growth in net interest income.
Global business crossed ₹17.50 lakh crore with 16.57% YoY growth, while
AGI Infra FY26 Net Profit Surges 42% to ₹94.85 Crore
AGI Infra reported a 42.27% YoY increase in net profit to ₹94.85 crore and 7.34% revenue growth to ₹362.22 crore for FY26, driven by real estate operations and land sales.
The Board recommended a fina
RBI Weekly Statistical Supplement Sep 2026
RBI weekly supplement dated 4 Sep 2026 shows total foreign exchange reserves of ₹7.07 trillion (US$740.8 bn), up ₹85.3 bn week‑on‑week.
Scheduled commercial banks' aggregate deposits total ₹26.93 tril
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