Shayan Ghosh

While banks are seeing a decline in the pace of unsecured loan growth, certain segments are starting to see more defaults.

Most of what the governor and deputy governors say have been used over the years to look for monetary policy signals. This is now being extended to regulatory actions. Will the lenders heed?

State-owned lender Union Bank of India has created a stir among many with a recent internal announcement on ensuring work-life balance.

Mumbai, Nov. 1 -- Indian banks are trying to aid employees achieve a healthy work-life balance by restricting work hours and keeping a check on late evening work-related communication.

In September, the weighted average domestic term deposit rate for public sector banks (PSBs) touched 7%, the first time since March 2017

Mumbai, Nov. 6 -- Under pressure from slow pace of deposit growth compared to loan offtake, India's state-owned banks have pressed the pedal on

Global risk aversion would mean that the rupee may see further pressure after touching fresh record lows on Wednesday. RBI will step in to curb volatility, say experts.

State Bank of India chairman C.S. Setty, who took over from Dinesh Khara at the end of August, said the bank is looking to accelerate its deposit growth by targeting premium customers while avoiding a rate war.

Loans against gold jewellery grew at a staggering 51% in September, as against 15% in March, showed data from August. In contrast, personal loans grew at 11.4% in September, the slowest in almost four years as banks went slow after RBI raised risk weights on unsecured loans.

The bank plans to increase the number of relationship managers to around 520, from 400 at present, over the next 12-15 months. Outside of the top metros, from wealth and affluent point of view, the bank will also focus on markets like Ahmedabad, Bhubaneswar, Chandigarh and Jaipur, among others.