India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.
A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate (MDR) on UPI transactions from 0.40 per cent to 0.08 per cent. It suggests that banks should fund the UPI ecosystem using their net interest margins from CASA deposits, rather than relying on MDR. The report also addresses transaction costs, credit card MDR, and ATM withdrawal allowances, aiming to ensure UPI's long-term sustainability and public trust by proposing remuneration only from large merchants.
India's senior men's rugby team won the silver medal, and the women's team finished fourth at the inaugural CASA (Central Asia and South Asia) Rugby 7s 2024 in Tashkent.
HDFC Bank reported a 5.55 per cent increase in consolidated net profit to Rs 20,700 crore for the September quarter, with incoming MD and CEO Anup Bagchi indicating a focus on strengthening the balance sheet and addressing retail vertical concerns post-merger.
Public and private sector banks in India experienced significant deposit growth in the July-September quarter of FY27, largely propelled by foreign currency non-resident (bank), or FCNR(B), deposits mobilised under the Reserve Bank of India's concessional swap window, which closed on August 31.
Indian banks are projected to achieve healthy profit growth in the second quarter of financial year 2027 (Q2FY27), driven by lower credit costs, robust advance growth, and fee income. However, net interest margins (NIMs) are expected to face pressure due to significant mobilisation of foreign currency non-resident (bank) FCNR(B) deposits.
Barcelona secured a dominant 5-2 victory over Rayo Vallecano, with Raphinha and Lamine Yamal each scoring twice, propelling the Catalan giants to the top of the LaLiga table on goal difference.
'The changes in its leadership team will help address the scepticism that has engulfed the bank over the recent period.'
Raphinha and Fermin Lopez scored for Barcelona in their 2-0 victory over Athletic Bilbao at the Camp Nou, marking their first home win of the LaLiga season and putting them level on points at the top of the table.
'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
Players who participated in the 2026 World Cup generated over $3.3 billion in international transfer fees during the recent mid-year transfer window, contributing to a record $9.89 billion spent in men's football, FIFA announced.
Devdutt Padikkal reflects on his Player of the Series performance in Sri Lanka, his preparation against spin and turning domestic form into Test success.
Barcelona have signed midfielder Rodri from Manchester City on a deal until June 2030, the LaLiga champions announced on Tuesday, ending the Spaniard's glittering, trophy-laden spell with the Premier League club in a major coup for the Catalan side.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
The Reserve Bank of India (RBI) has introduced a new framework allowing banks to offer differential interest rates on bulk deposits based on their liquidity characteristics under the Liquidity Coverage Ratio (LCR) framework, while maintaining the principle of uniform pricing across similar deposits.
Netflix has announced the continued expansion of the globally popular Money Heist (La Casa de Papel) universe, teasing new content and confirming the franchise's future beyond its existing spin-offs and the upcoming Berlin prequel.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
Shares of major private lenders, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, experienced a sharp selloff after their June-quarter results indicated persistent pressure on net interest margins (NIMs), despite healthy credit growth. This decline overshadowed gains in ICICI Bank and Punjab National Bank (PNB), which reported resilient or stronger-than-expected earnings.
The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
George Russell seized pole position for a race that could snap teammate Kimi Antonelli's winning streak while Ferrari's Lewis Hamilton split the Mercedes pair in Barcelona-Catalunya Grand Prix qualifying on Saturday.
Every banker loves the four-letter word Casa as it plays an important role in lowering the cost of deposits. Every bank wants to increase its Casa, as a higher portion of Casa in the overall deposit liability brings down its cost of money, points out Tamal Bandyopadhyay.
Glimpses of fans and well-wishers saying their last goodbyes to Asha Bhosle.
After news of Asha Bhosle's death shocked Bollywood, film folk rushed to her residence to pay their last respects.
Analysts have largely maintained a bullish outlook on HDFC Bank and ICICI Bank following their Q4FY26 results, though their perspectives on future growth drivers differ. HDFC Bank's near-term performance is tied to accelerating loan growth, while ICICI Bank is seen as a strong candidate for a valuation rerating.
Frenchman Arthur Fils continued his run of good form since returning from an eight-month injury layoff as he overpowered Russia's higher-ranked Andrey Rublev 6-2, 7-6(2) to win the Barcelona Open, clinching his first title since 2024.
Legendary Indian playback singer Asha Bhosle has died at the age of 92. She will be cremated with state honours in Mumbai.
'The Casa ratio is at 33.4 per cent, which has to keep improving. Right now, there is a bit of liquidity pressure in the market.'
The official 26-man squads for FIFA World Cup 2026.
'It has remained around 38 per cent over the past four to five quarters.'
HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
As deposit growth lags credit expansion, Indian banks face shrinking low-cost Casa inflows, rising funding costs, and structural shifts driven by UPI, e-Kuber, and digital savings trends, points out Tamal Bandyopadhyay.
'Ashaji was unlike any other, a voice that defined not only one generation but across a span of cinematic universe! I was and have been the massive fan of her voice, her art, her personality...'
'This is an area where good lending can happen, and that is one of the priorities for the next quarter.'
'My resignation is a larger governance and governance-plus kind of an issue, which the board of directors of the bank should be introspecting.'
'In the last one year, we have added more than Rs 1.7 trillion, and we are on track.'
The mortal remains of the Cuban soldiers returned not in coffins, but in urns, leaving us wondering what firepower the Americans used in their mission to capture Maduro and Flores.
'Credit growth in India remains in double digits, even though corporate borrowing is subdued.' 'Corporate credit is weak because companies are cash-rich and cautious amid global uncertainty.'
Banking sector has witnessed healthy growth in advances in the third quarter of financial year 2026 (Q3FY26) against the same period last year, as the full impact of goods and service tax (GST) rate cuts drove growth. Most of the lenders saw their credit growth outpace the deposit growth in the quarter.
Barcelona missed the chance to reclaim the LaLiga summit after suffering a 2-1 derby defeat to Girona, who roared back in the second half to leave Real Madrid top of the table.
The world welcomed 2026 with spectacular celebrations across continents. From dazzling fireworks illuminating iconic landmarks like the London Eye, Marina Bay, and Copacabana beach to intimate gatherings at historic sites, the New Year brought together diverse cultures in joyous unity.
