Officer Association of Gujarat Gramin Bank and Gujarat Gramin Bank Employees’ Association Seek Action on Pending Issues and PLI The Officer Association of Gujarat Gramin Bank and Gujarat Gramin Bank Employees’ Association have urged the bank management to take time-bound action on long-pending employee issues and release pending Performance Linked Incentive (PLI) for FY 2023-24, 2024-25 and 2025-26. Read More: https://thekanal.in/en-IN/details/officer-association-of-gujarat-gramin-bank-and-gujarat-gramin-bank-employees-association-seek-action-on-pending-issues-and-pli-71144 #banking

MYUVA in Hathras: 841 Loan Applications Pending as Youth Entrepreneurs Face Bank Delays The MYUVA scheme in Hathras faces major implementation concerns, with 841 of 1,130 loan applications still pending. Applicants allege delays and repeated documentation objections by banks, while officials cite eligibility, documentation and loan-repayment considerations. Read More: https://thekanal.in/en-IN/details/myuva-in-hathras-841-loan-applications-pending-as-youth-entrepreneurs-face-bank-delays-20824 #banking

RBI Sets August 31 Deadline for FCNR(B) Forex Swap Facility The Reserve Bank of India (RBI) has shortened the window for mobilising fresh FCNR(B) deposits under its special USD-INR forex swap facility after receiving a strong response from banks. Read More: https://thekanal.in/en-IN/details/rbi-sets-august-31-deadline-for-fcnrb-forex-swap-facility-66557 #banking

Jio Credit-Bank of America Deal Could Reshape India’s NBFC Sector Bank of America’s proposed ₹18,268-crore investment in Jio Credit could reshape India’s NBFC sector by bringing fresh foreign capital, strengthening digital lending and improving access to overseas funding, according to Abizer Diwanji. Read More: https://thekanal.in/en-IN/details/jio-credit-bank-of-america-deal-could-reshape-indias-nbfc-sector-40346 #banking

Haryana Gramin Bank Revises Fuel Reimbursement Limits Haryana Gramin Bank has revised the monthly fuel reimbursement limits for eligible employees. The decision updates reimbursement provisions under the bank's internal policy relating to official travel and operational expenses. Subscribe Channel to Watch More: https://youtube.com/shorts/a6KKtpUFUWM?si=JGa-rHZPMMYnlxrn #banking

Punjab & Sind Bank Explores QIP to Reduce Government Stake Punjab & Sind Bank is exploring a QIP and other fundraising options to reduce the government’s 93.85% stake and meet minimum public shareholding norms. The bank also plans to launch an IFSC Banking Unit at GIFT City by November 2026. Read More: https://thekanal.in/en-IN/details/punjab-sind-bank-explores-qip-to-reduce-government-stake-43511 #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