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

PNB Partners With GYFTR To Strengthen Credit Card Engagement PNB has signed a three-year agreement with GYFTR to launch a dedicated digital rewards platform for credit card customers, offering deals across shopping, dining, entertainment, travel and other categories. Read More: https://thekanal.in/en-IN/details/pnb-partners-with-gyftr-to-strengthen-credit-card-engagement-78366 #banking

The 'Outsourcing' Robbery in Ayodhya In his article, S. S. Anil, All India President of the Bank Employees Federation of India (BEFI) examines the alleged irregularities surrounding the handling of donations at the Ayodhya Ram Temple, focusing on outsourcing, accountability and the role of bank officials. The article raises questions about the safeguards in place for devotees’ offerings and the wider impact of outsourcing in public sector banking. Read More: https://thekanal.in/en-IN/details/the-outsourcing-robbery-in-ayodhya-10595 #banking

PSBs Closed 4,093 Branches in Five Years, Opened 6,255 Branches: Government Data Public Sector Bank (PSB) branch data. Government data shows changes in branch closures, openings, employee strength and account holders over the last five years. Read More: https://thekanal.in/en-IN/details/psbs-closed-4093-branches-in-five-years-opened-6255-branches-government-data-89067 #banking

SBI Reports 54 Cyber Fraud Cases Involving ₹169.47 Crore Over Three Years State Bank of India (SBI) reported 54 cyber fraud cases. The cases involved ₹169.47 crore during 2023-24 to 2025-26. Read More: https://thekanal.in/en-IN/details/sbi-reports-54-cyber-fraud-cases-involving-16947-crore-over-three-years-39215 #banking

Digital Payment Frauds: 5.86 Lakh Incidents Involving ₹3,590.70 Crore Reported Over Five Years Digital payment fraud incidents have been reported across various payment channels. Data from the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) show 5,85,751 incidents involving ₹3,590.70 crore over the last five financial years. Read More: https://thekanal.in/en-IN/details/digital-payment-frauds-586-lakh-incidents-involving-359070-crore-reported-over-five-years-32404 #banking

UPI Merchant Discount Rates and AI Banking Branch The Government proposed amendments that could reopen discussions on merchant discount rates (MDR) for UPI transactions. Meanwhile, Assam inaugurated India's first AI-powered phygital banking branch. Subscribe Channel to Watch More: https://youtube.com/shorts/KjNGAV7khyI?si=ijNA1KzSpPs43YxG #banking

Gold Loan NPAs: Government Shares State-Wise Outstanding Data and RBI Measures Gold loan Non-Performing Assets (NPAs) have declined. The Government has shared state-wise gold loan outstanding data for Public Sector Banks (PSBs) and Gross Non-Performing Asset (GNPA) ratios for gold loans. Read More: https://thekanal.in/en-IN/details/gold-loan-npas-government-shares-state-wise-outstanding-data-and-rbi-measures-15455 #banking