banking

Government Weighs Merchant Charges as UPI Faces a ₹20,700 Crore Funding Gap The government is reviewing UPI’s funding model as annual operational costs of around ₹20,700 crore far exceed the ₹2,000 crore subsidy. Selective MDR on high-value merchant transactions and a tiered incentive system are being considered while keeping consumer UPI payments free. Read More: https://thekanal.in/en-IN/details/government-weighs-merchant-charges-as-upi-faces-a-20700-crore-funding-gap-83486 #banking

Indian Bank Plans $400 Million ECB Raise to Support Business Growth Indian Bank plans to raise $400 million through ECBs this week, with another $600 million possible before the RBI’s December 31 deadline, as the lender aims to raise $1 billion through overseas borrowings to support business growth. Read More: https://thekanal.in/en-IN/details/indian-bank-plans-400-million-ecb-raise-to-support-business-growth-34140 #banking

L&T Finance Expects Gold Loan Growth To Slow After RBI Regulatory Changes L&T Finance expects gold loan growth to moderate to 20–25% following the RBI’s tighter regulatory rules. CEO Sudipta Roy also highlighted the company’s growing use of AI to improve lending, reduce credit costs and train its 42,000 employees. Read More: https://thekanal.in/en-IN/details/lt-finance-expects-gold-loan-growth-to-slow-after-rbi-regulatory-changes-44549 #banking

ICICI Bank Seeks $1.45 Billion Loan From BofA-Led Consortium ICICI Bank is seeking a $1.45 billion four-year loan from a consortium led by Bank of America to support its FCNR-B deposit programme, as Indian banks increasingly tap overseas markets to raise foreign-currency funds at lower hedging costs. Read More: https://thekanal.in/en-IN/details/icici-bank-seeks-145-billion-loan-from-bofa-led-consortium-60446 #banking

PM Modi Sets Global Ambition For Indian Banking Sector Prime Minister Narendra Modi has set an ambitious global target for Indian banking, calling for an Indian bank to become one of the world’s top five while urging Indian businesses to expand their global presence. Read More: https://thekanal.in/en-IN/details/pm-modi-sets-global-ambition-for-indian-banking-sector-43917 #banking

Bank Unions Oppose DFS Directions on Industrial Relations Meetings All India Bank Employees Association (AIBEA), All India Bank Officers' Confederation (AIBOC) and National Confederation of Bank Employees (NCBE) have jointly opposed recent Department of Financial Services (DFS) directions concerning industrial relations meetings in public sector banks. Subscribe Channel to Watch More: https://youtube.com/shorts/BKMDy25e-jE?si=WtzCU6NWzkA7XPOW #banking

UFBU Representation Dispute Sparks Debate Over Banking Sector Unity Differences within the United Forum of Bank Unions (UFBU) continued after changes were communicated to the Indian Banks' Association (IBA) following the exclusion of National Organisation of Bank Officers (NOBO) and National Organisation of Bank Workers (NOBW). Subscribe Channel to Watch More: https://youtube.com/shorts/LTwU7p3dZww?si=xGegHIXyddBL7H3l #banking

State Bank of India Updates | Pension Funds Cross ₹6 Lakh Crore SBI and other public sector banks outperformed private lenders in FCNR(B) deposit mobilisation, while SBI Pension Funds crossed ₹6 lakh crore Assets Under Management (AUM), becoming India's largest pension fund manager. Subscribe Channel and Watch More Videos: https://youtube.com/shorts/Jw2-rGHzwNM?si=-v-qtLkvPPPaqFzn #banking

*Karnataka Grameena Bank Officers' and Employees Federation Seek Continuation of 100% Tax on Perquisites Absorption for FY 2026-27* Karnataka Grameena Bank Officers' Federation (KGBOF) and the Karnataka Grameena Bank Employees' Federation (KGBEF) have requested the continuation of 100% absorption of tax on perquisites for the financial year 2026-27. The Joint Action Committee has submitted a representation to the bank's Chairman, urging the management to extend the benefit provided during the previous financial year. *Read More*: https://thekanal.in/en-IN/details/karnataka-grameena-bank-officers-and-employees-federation-seek-continuation-of-100-tax-on-perquisites-absorption-for-fy-2026-27-2785 #banking

Maharashtra State Bank Employees Federation Condemns Attacks on Bank of Maharashtra and Central Bank of India Employees, Seeks Stronger Protection The Maharashtra State Bank Employees Federation (MSBEF) has condemned recent attacks on employees of Bank of Maharashtra and Central Bank of India, demanding stronger security, strict legal action against offenders, and greater public awareness on farm loan waiver schemes. Read More https://thekanal.in/en-IN/details/maharashtra-state-bank-employees-federation-condemns-attacks-on-bank-of-maharashtra-and-central-bank-of-india-employees-seeks-stronger-protection-48439 #banking