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Bank lending accelerated to an eight-quarter high, led by strong demand from the finance sector and non-bank lenders, but deposit growth failed to keep pace. The mismatch has widened the credit-deposit gap, intensifying funding pressure on banks and underscoring the need for more aggressive deposit mobilisation.
The Reserve Bank of India's September 2026 Bulletin presents an economy that remains notably resilient despite renewed geopolitical tensions in West Asia, rising energy prices and volatile global markets. Alongside reporting 7.8% growth in the first quarter of 2026-27, the Bulletin argues that a higher credit-deposit ratio alone is not a reliable sign of banking stress and points to strong foreign exchange reserves, FDI inflows and narrowing trade deficits as key buffers.
Finance Minister Nirmala Sitharaman has pushed back against criticism of the proposed Merchant Discount Rate on select high-value UPI transactions, saying it is neither a tax, cess nor surcharge and will not flow to the government. She said the charge is part of the digital payments ecosystem, will be borne by merchants, and is intended to support infrastructure and innovation in UPI.
The Federal Reserve Board on Thursday announced a consent prohibition against Renee Nicole Brown, a former employee of Sandy Spring Bank, citing embezzlement by a bank employee. The enforcement action bars Brown from participating in the affairs of any federally supervised financial institution, underscoring the central bank's continuing focus on misconduct and internal controls in the banking sector.
The Federal Reserve Board on Thursday asked the public to weigh in on two proposals that would create a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. The measures would require stablecoins to be fully backed by permissible reserve assets, set capital and risk-management standards, and establish a separate application process for banks seeking to issue payment stablecoins.
The Federal Reserve Board has approved BancFirst Corporation's application to acquire and merge with Spirit BankCorp, Inc., clearing the way for BancFirst to indirectly take control of SpiritBank in Tulsa. The decision also authorizes BancFirst to merge with SpiritBank and establish branches at SpiritBank's existing locations, marking a significant expansion for the Oklahoma City-based lender.
The Federal Reserve Board on Friday announced consent prohibition orders against three former employees tied to Northstar Bank, American Express Travel Related Services Company, and Regions Bank. The actions involve allegations of misappropriation of customer funds, misapplication of funds and conflicts of interest, and check fraud.
The Federal Reserve Board has approved Peoples Bancorp Inc.'s application to merge with Citizens National Corporation and indirectly acquire Citizens Bank of Kentucky, Inc., marking a significant regional banking expansion for the Marietta, Ohio-based lender. The decision also authorizes Peoples Bank to merge with Citizens Bank of Kentucky and operate branches at the Kentucky bank's existing locations, extending Peoples' presence deeper into eastern Kentucky.
Federal banking regulators have issued an interim final rule that broadens access to an 18-month on-site examination cycle for community banks, raising the asset threshold from $3 billion to $6 billion for qualifying institutions. The move is designed to reduce compliance burden for small, low-risk banks while preserving supervisory oversight through offsite monitoring between exams.
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