Banks in India

Curated news coverage, institutional background, regulatory filings, and investigative reporting across RDU Global.

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Last Updated: Just Now

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Banking, Fintech & Insurance 10 Oct 2026, 08:56 PM IST

Bank Deposit Rates Fall in August Even as Fresh Lending Costs Rise

Banks in India cut the weighted average rate on fresh rupee term deposits to 5.67% in August, even as the average rate on new loans rose to 8.61%, underscoring a widening divergence in funding and lending conditions. The shift was visible across both public and private sector banks, while personal loans recorded a sharper increase in borrowing costs.

By RDU Global Wire5 min read

Automotive, EVs & Mobility08 Oct 2026, 09:53 AM IST

JPMorgan Plans to Double GIFT City Business as $1 Billion Book Expands

JPMorgan Chase & Co. is preparing to scale up its operations at Gujarat’s GIFT City over the next few years, aiming to roughly double business in trade finance and payments. The move underscores rising interest from global banks in India’s international financial hub, where JPMorgan has already built a client base of a few hundred and a book approaching $1 billion.

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Banking, Fintech & InsuranceRecently

Banks Set to Stay Open on September 28 as Strike Is Deferred After Talks

Banks in India are expected to operate normally on September 28 after a proposed strike by bank unions was deferred following discussions with the Indian Banks' Association. The move eases immediate disruption for customers, though branch timings and local arrangements may still vary and should be confirmed before travel.

4 min readRead →

Banking, Fintech & InsuranceRecently

Bank Deposit Rates Ease in August Even as Fresh Lending Costs Rise

Banks in India cut the weighted average rate on fresh rupee term deposits to 5.67% in August, while the average rate on new loans climbed to 8.61%, underscoring a widening divergence in funding and lending conditions. The move reflects softer pricing on deposits across both public and private lenders, even as borrowing costs rose in segments such as personal loans.

5 min readRead →

Startups & Venture Capital5h ago

IIT-Madras Deep-Tech Fund Closes First Rs 450 Crore, Backing Frontier Startups in Defence, Space and AI

The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.

5 min readRead →

Global Markets & Equities7h ago

RBI to Drain Rs 2 Trillion in Overnight Liquidity via VRRR Auction on September 28

The Reserve Bank of India will conduct an overnight Variable Rate Reverse Repo auction under the Liquidity Adjustment Facility on September 28, 2026, offering to absorb up to Rs 2,00,000 crore from the banking system for one day. The move signals the central bank's continued active management of short-term liquidity as it reviews evolving money-market conditions.

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Banking, Fintech & Insurance7h ago

RBI Announces Rs 24,000 Crore Treasury Bill Auction Across 91-, 182- and 364-Day Papers

The Reserve Bank of India has announced an auction of Government of India Treasury Bills worth Rs 24,000 crore, split across 91-day, 182-day and 364-day maturities, with settlement set for October 1, 2026. The sale will use a price-based multiple price method and will be open to competitive and non-competitive bidders, including retail investors through the RBI Retail Direct portal.

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Global Markets & Equities7h ago

RBI Sets Rs 2.99 Trillion Treasury Bill Auction Calendar for Oct-Dec 2026

The Reserve Bank of India has released the government's Treasury Bill auction calendar for the quarter ending December 2026, mapping out weekly borrowings across 91-day, 182-day and 364-day papers. The schedule shows a planned issuance of Rs 2.99 trillion, with the central bank retaining flexibility to alter amounts or timing if market conditions, government funding needs or holidays require changes.

4 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Banks in India:

New Delhi(1)National Payments Corporation of India(1)India(1)Dilip Asbe(1)