banking

IDBI Bank Stake Sale Back on Table as Centre Explores Revival Options The Centre is exploring options to revive the IDBI Bank stake sale process. The move comes after earlier bids reportedly failed to meet expectations. Government officials are examining available alternatives to take the strategic disinvestment forward. The stake sale remains an important part of the government's broader privatisation and asset monetisation programme. Read More: https://thekanal.in/en-IN/details/idbi-bank-stake-sale-back-on-table-as-centre-explores-revival-options-48779 #banking

PSBs Report Record ₹1.98 Lakh Crore Net Profit in FY 2025-26, DFS Reviews Banking Performance The Department of Financial Services (DFS) reviewed the performance of Public Sector Banks (PSBs) for FY 2025-26 during a high-level meeting chaired by DFS Secretary Shri M. Nagaraju. PSBs recorded their highest-ever annual net profit of ₹1.98 lakh crore, while GNPA declined to 1.93%. Read More: https://thekanal.in/en-IN/details/psbs-report-record-198-lakh-crore-net-profit-in-fy-2025-26-dfs-reviews-banking-performance-89522 #banking

Central Bank of India Well Positioned to Surpass ₹5,000 Crore Profit in FY27: MD Kalyan Kumar Central Bank of India expects to cross the ₹5,000 crore profit mark in FY27. The bank is counting on benefits from the new tax regime and ongoing business initiatives. Read More: https://thekanal.in/en-IN/details/central-bank-of-india-well-positioned-to-surpass-5000-crore-profit-in-fy27-md-kalyan-kumar-91709 #banking

Bank Fraud Cases Drop Sharply but Amount Surges to ₹48,000 Crore in FY26: RBI Data Bank fraud cases declined in FY26. But the total amount involved rose to ₹48,021 crore, according to Reserve Bank of India (RBI) data. Read More: https://thekanal.in/en-IN/details/bank-fraud-cases-drop-sharply-but-amount-surges-to-48000-crore-in-fy26-rbi-data-28627 #banking

India May Introduce Plastic Currency Notes as RBI Revives Polymer Banknote Plan The Reserve Bank of India (RBI) is considering a pilot project for polymer banknotes in India. The move is aimed at improving note durability, reducing replacement costs and addressing rising cash demand. Read More: https://thekanal.in/en-IN/details/india-may-introduce-plastic-currency-notes-as-rbi-revives-polymer-banknote-plan-32032 #banking

RBI Balance Sheet Expands 20.6% to ₹91.97 Lakh Crore in FY26: Key Highlights from RBI Annual Report The Reserve Bank of India’s (RBI) balance sheet expanded by 20.6% in FY26. The central bank’s total assets stood at ₹91.97 lakh crore according to the RBI Annual Report 2025-26. Read More: https://thekanal.in/en-IN/details/rbi-balance-sheet-expands-206-to-9197-lakh-crore-in-fy26-key-highlights-from-rbi-annual-report-36108 #banking

Ghaziabad Administration Issues Directions to Banks for Support in Census 2027 Work Ghaziabad administration has issued directions to banks regarding support for Census 2027 work. The letter highlights difficulties faced by census personnel in opening salary accounts due to documentation requirements and seeks cooperation from banks for smooth processing. Read More: https://thekanal.in/en-IN/details/ghaziabad-administration-issues-directions-to-banks-for-support-in-census-2027-work-99365 #banking

DFS Reviews Performance of North-East RRBs North-Eastern Regional Rural Banks (RRBs) reported a provisional consolidated net profit of ₹560 crore in FY 2025-26, registering 34% year-on-year growth. During a regional review meeting in Agartala, Tripura, the Department of Financial Services (DFS) emphasised expansion of digital banking services and stronger financial inclusion in underserved rural areas. Follow Kanal For More Updates: https://whatsapp.com/channel/0029Va9y5hE11ulJeLDpps25 #banking

Central Bank of India KYC Row: Woman Carries 90-Year-Old Mother-in-Law on Back for Rs 500 Pension A tribal woman in Chhattisgarh reportedly carried her 90-year-old mother-in-law on her back to a Central Bank of India branch in Mainpat town for KYC formalities linked to pension payments. The incident was reported from Surguja district. Read More: https://thekanal.in/en-IN/details/central-bank-of-india-kyc-row-woman-carries-90-year-old-mother-in-law-on-back-for-rs-500-pension-66672 #banking

HDFC Bank’s 2-Day Work From Home Move Sparks Fresh Debate on 5-Day Banking Demand in Public Sector Banks HDFC Bank has introduced a two-days-a-week work-from-home arrangement for non-customer-facing staff. The move has reignited discussions around the long-pending demand for a 5-day banking system in Public Sector Banks (PSBs). Read More: https://thekanal.in/en-IN/details/hdfc-banks-2-day-work-from-home-move-sparks-fresh-debate-on-5-day-banking-demand-in-public-sector-banks-67319 #banking