Banking News - The S Bharat

Indian Bank Plans 100 New Branches, 2,500 Additional Employees in FY27

Public Sector Lender Targets Wider Presence in Central and Western India; Focuses on Asset Quality, Gold Loans, Retail, Agriculture and MSME Growth New Delhi: Indian Bank is planning to open around 100 new branches across the country during FY27 and recruit approximately

August 30, 2026

Banking News·HDFC Bank·HDFC Life Insurance Company Limited

HDFC Life Allots 1.14 Lakh Equity Shares Under Employee Stock Option Schemes

The allotment was approved by HDFC Life’s Stakeholders’ Relationship Committee on August 26, 2026, following the exercise of stock options by eligible employees. Mumbai : HDFC Life Insurance Company Limited has allotted 1,14,000 equity shares to eligible employees under its various Employee

August 27, 2026

Banking News·Canara Bank·India·Punjab

Canara HSBC Life Signs Corporate Agency Agreement with HSBC GIFT City Branch

Canara HSBC Life Insurance has entered into a corporate agency agreement with HSBC’s GIFT City branch to distribute its insurance products, strengthening its distribution presence in India’s international financial hub. Gurugram : Canara HSBC Life Insurance Company Limited has entered into a

August 25, 2026

Banking News·Kolkata·UCO Bank

UCO Bank Board Approves Foreign Currency Fundraising of Up to USD 1 Billion

Funds to be raised in one or more tranches through debt instruments under the Medium Term Note (MTN) Programme Kolkata / Public sector lender UCO Bank has received approval from its Board of Directors to raise foreign currency funds of up to

August 25, 2026

Banking News·ICICI

ICICI Bank Allots 1.82 Lakh Equity Shares Under Employee Stock Option Scheme

The bank allotted 1,81,843 equity shares with a face value of ₹2 each under the ICICI Bank Employees Stock Option Scheme-2000. Mumbai : ICICI Bank Limited has allotted 1,81,843 equity shares under the ICICI Bank Employees Stock Option Scheme-2000, the private sector

August 24, 2026

Banking News·Delhi·India·Reserve Bank of India

Two Prominent Figures Join RBI Central Board as Part-Time Non-Official Directors

Former ISRO Chairman S. Somanath appointed, while Anand Mahindra re-appointed to the Reserve Bank of India’s Central Board for four years New Delhi: The Central Government has appointed S. Somanath, former Chairman of the Indian Space Research Organisation (ISRO), as a part-time,

August 22, 2026

Banking News·Delhi·India·Mumbai·Reserve Bank of India

RBI Move Triggers Rush Among Banks to Mobilise FCNR(B) Deposits

Banks are accelerating efforts to raise foreign currency deposits after the RBI decided to end its concessional FCNR(B) swap facility earlier than scheduled; total mobilisation could reach $60-70 billion by August-end Mumbai/New Delhi: The Reserve Bank of India’s (RBI) decision to end

August 17, 2026

Banking News·Delhi·India·Punjab National Bank

PNB to Hold EGM on September 25 to Elect Shareholder Director

New Delhi: Punjab National Bank (PNB) has announced that it will convene an Extraordinary General Meeting (EGM) on September 25, 2026, to elect one director from among the bank’s shareholders, other than the Central Government. The bank informed the stock exchanges about

August 14, 2026

Banking News·Chhattisgarh·Kanker·State Bank of India (SBI)

Constable Surjeet Kodopi’s Family Receives ₹1 Crore Insurance Assistance Under Police Salary Package Scheme

Kanker, Chhattisgarh: The family of deceased police constable Surjeet Kodopi has received ₹1 crore in accidental insurance assistance under the Police Salary Package Scheme, a joint financial-security initiative involving the Chhattisgarh Police Department and the State Bank of India (SBI). The insurance

August 13, 2026

Bank of Baroda·Banking News·Delhi·India

Bank of Baroda Raises $700 Million Through 3-Year and 5-Year Bonds: Key Details

Bank of Baroda has raised USD 700 million through two tranches of senior unsecured bonds, strengthening its access to international capital markets and diversifying its funding base. New Delhi, August 13, 2026: Bank of Baroda (BoB) has announced a USD 700 million

August 13, 2026

Banking News·ICICI·India·Mumbai

ICICI Bank’s $300 Million Senior Notes Receive Baa3 and BBB Ratings

Mumbai : ICICI Bank Limited has announced that its USD 300 million Senior Unsecured Fixed Rate Notes have received credit ratings from two leading global rating agencies. Moody’s Ratings has assigned a Baa3 rating to the Notes, while S&P Global Ratings has

August 12, 2026

Banking News·Delhi·Government of India NEWS·India·Reserve Bank of India

Government Approves One Billion ₹10 and ₹20 Polymer Banknotes Each for Field Trials

New notes will circulate alongside existing paper currency; no plan to replace conventional banknotes New Delhi : The Central Government has approved the Reserve Bank of India’s (RBI) proposal to introduce one billion polymer banknotes each in the ₹10 and ₹20 denominations

August 12, 2026

Banking News·Delhi·India·Industry·State Bank of India (SBI)·Vodafone Idea Limited (Vi)

Vodafone Idea Capex Plans Get Boost from ₹6,400 Crore Funding Push

Company targets faster network expansion as CEO Abhijit Kishore says additional bank funding is in progress New Delhi: Vodafone Idea (Vi) is set to accelerate its capital expenditure (capex) programme after securing its first tranche of ₹6,400 crore in funding from banks

August 11, 2026

Banking News·YES Bank Limited

YES Bank Allots 1.85 Lakh Equity Shares Under Employee Stock Option Plans

YES Bank allotted 1,84,823 equity shares on August 10, 2026, following the exercise of stock options under its ESOS 2020 Scheme and RSU Plan 2024. Mumbai : YES Bank Limited has allotted 1,84,823 equity shares of ₹2 face value each following the

August 10, 2026

Banking News·Canara Bank·HDFC Bank·State Bank of India (SBI)

Canara Bank vs SBI vs HDFC Bank: 444-Day FD Rates in August 2026 — Which Offers the Highest Return?

New Delhi, August 10, 2026: Investors looking for a high-return fixed deposit (FD) can compare special and comparable short-term FD options offered by Canara Bank, State Bank of India (SBI), and HDFC Bank. For deposits below ₹3 crore, Canara Bank’s 444-day special

August 10, 2026

Banking News·DBS Bank India

DBS Bank India Extends ₹520 Crore Construction Finance to K Raheja Corp’s Green Office Project in Pune

Mumbai, August 10, 2026: DBS Bank India has sanctioned a ₹520 crore construction finance facility to a special purpose vehicle (SPV) of K Raheja Corp to support the development of a LEED Platinum pre-certified Grade A commercial tower in Balewadi, Pune. The

August 10, 2026

Banking News·Reserve Bank of India

RBI Tightens Loan Recovery Rules to Protect Borrowers From Harassment

New rules require lenders and recovery agents to follow strict conduct standards, including restrictions on calling hours, use of abusive language and sharing borrowers’ personal information New Delhi: The Reserve Bank of India (RBI) has introduced stricter rules governing loan recovery practices

August 8, 2026

Banking News·Delhi·India·Reserve Bank of India

Best of BS Opinion: RBI Faces Inflation Challenge, Employment Concerns, UPI Charges Debate and India’s Nutrition Security Transition

New Delhi: A series of opinion pieces published by Business Standard explores some of India’s most pressing economic and policy challenges, including the Reserve Bank of India’s (RBI) inflation outlook, life insurance policy surrenders, employment generation, the proposed Merchant Discount Rate (MDR)

August 6, 2026

Banking News·India·Karur Vysya Bank (KVB)·Mumbai

Karur Vysya Bank Shareholders Approve ₹2.60 Dividend, Re-appoint Director at 107th Annual General Meeting

Mumbai : Karur Vysya Bank (KVB) has announced that its shareholders have approved a dividend of ₹2.60 per equity share for the financial year 2025–26 and re-appointed B Sankar as a Director at the Bank’s 107th Annual General Meeting (AGM) held on

August 6, 2026

Axis Bank·Banking News·India·Mumbai

Axis Bank’s GIFT City Senior Notes Receive Investment-Grade Ratings from S&P and Moody’s

Mumbai |: Axis Bank has achieved another milestone in its international fundraising strategy after its U.S.$300 million Senior Notes issued through its GIFT City Branch received investment-grade credit ratings from two of the world’s leading rating agencies—S&P Global Ratings and Moody’s Investors

August 4, 2026

Banking News·Delhi·India·Reserve Bank of India

RBI’s Capital-Flow Measures Attract Nearly ₹3.89 Lakh Crore, Strengthening India’s External Buffers

New Delhi / The Reserve Bank of India (RBI) has achieved a significant milestone in its efforts to strengthen the country’s external financial position, with its special capital-flow measures attracting nearly ₹3.89 lakh crore in foreign capital since their launch in June

August 1, 2026

Banking News·Canara Bank·India·Tamil Nadu

Canara Bank Appoints Sujit Kumar Sahoo as Group Chief Compliance Officer for Three-Year Term

Bengaluru : Canara Bank, one of India’s leading public sector banks, has announced the appointment of Shri Sujit Kumar Sahoo as its Group Chief Compliance Officer (GCCO) for a three-year tenure, effective July 1, 2026. The appointment underscores the Bank’s continued focus

July 31, 2026

Banking News·Indian Bank

Indian Bank Contributes ₹1.20 Crore to Assam Flood Relief, Reinforces Commitment to CSR and Community Welfare

Guwahati / Indian Bank has extended significant support to the flood-affected people of Assam by contributing ₹1.20 crore to the Chief Minister’s Relief Fund. The financial assistance, provided under the Bank’s Corporate Social Responsibility (CSR) programme, reflects its continued commitment to supporting

July 31, 2026

Banking News·DCB Bank·Mumbai

DCB Bank Allots 71,260 Equity Shares Under ESOP; Paid-Up Share Capital Increases to 32.21 Crore Shares

Mumbai : DCB Bank Limited has allotted 71,260 equity shares of ₹10 each to eligible employees under its Employee Stock Option Plan (ESOP), further strengthening employee participation in the Bank’s long-term growth. The allotment was completed on July 30, 2026, and the

July 30, 2026

Banking News·ICICI·Mumbai

ICICI Bank Successfully Completes USD 1 Billion Bond Issue Through IFSC Banking Unit

Mumbai : ICICI Bank Limited, one of India’s leading private sector banks, has successfully completed the issuance of USD 1 billion Senior Unsecured Fixed Rate Notes through its International Financial Services Centre (IFSC) Banking Unit. The fundraising marks another significant milestone in

July 30, 2026

Banking News·Canara Bank

Canara Bank’s Shivamogga Region Conducts Massive Merchant Outreach Drive to Promote BHIM QR and Sound Box Solutions

Shivamogga / Canara Bank, one of India’s leading public sector banks, successfully conducted a large-scale merchant outreach drive across the Shivamogga Region to promote its BHIM QR and newly launched Sound Box digital payment solutions. The initiative is part of the Bank’s

July 30, 2026

Banking News - Page 2

South Indian Bank Revises MCLR Rates Across All Five Tenures; New Rates Effective October 20, 2026

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Indian Bank Plans 100 New Branches, 2,500 Additional Employees in FY27

HDFC Life Allots 1.14 Lakh Equity Shares Under Employee Stock Option Schemes

Canara HSBC Life Signs Corporate Agency Agreement with HSBC GIFT City Branch

UCO Bank Board Approves Foreign Currency Fundraising of Up to USD 1 Billion

ICICI Bank Allots 1.82 Lakh Equity Shares Under Employee Stock Option Scheme

Two Prominent Figures Join RBI Central Board as Part-Time Non-Official Directors

RBI Move Triggers Rush Among Banks to Mobilise FCNR(B) Deposits

PNB to Hold EGM on September 25 to Elect Shareholder Director

Constable Surjeet Kodopi’s Family Receives ₹1 Crore Insurance Assistance Under Police Salary Package Scheme

Bank of Baroda Raises $700 Million Through 3-Year and 5-Year Bonds: Key Details

ICICI Bank’s $300 Million Senior Notes Receive Baa3 and BBB Ratings

Government Approves One Billion ₹10 and ₹20 Polymer Banknotes Each for Field Trials

Vodafone Idea Capex Plans Get Boost from ₹6,400 Crore Funding Push

YES Bank Allots 1.85 Lakh Equity Shares Under Employee Stock Option Plans

Canara Bank vs SBI vs HDFC Bank: 444-Day FD Rates in August 2026 — Which Offers the Highest Return?

DBS Bank India Extends ₹520 Crore Construction Finance to K Raheja Corp’s Green Office Project in Pune

RBI Tightens Loan Recovery Rules to Protect Borrowers From Harassment

Best of BS Opinion: RBI Faces Inflation Challenge, Employment Concerns, UPI Charges Debate and India’s Nutrition Security Transition

Karur Vysya Bank Shareholders Approve ₹2.60 Dividend, Re-appoint Director at 107th Annual General Meeting

Axis Bank’s GIFT City Senior Notes Receive Investment-Grade Ratings from S&P and Moody’s

RBI’s Capital-Flow Measures Attract Nearly ₹3.89 Lakh Crore, Strengthening India’s External Buffers

Canara Bank Appoints Sujit Kumar Sahoo as Group Chief Compliance Officer for Three-Year Term

Indian Bank Contributes ₹1.20 Crore to Assam Flood Relief, Reinforces Commitment to CSR and Community Welfare

DCB Bank Allots 71,260 Equity Shares Under ESOP; Paid-Up Share Capital Increases to 32.21 Crore Shares

ICICI Bank Successfully Completes USD 1 Billion Bond Issue Through IFSC Banking Unit

Canara Bank’s Shivamogga Region Conducts Massive Merchant Outreach Drive to Promote BHIM QR and Sound Box Solutions

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