Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
RBL Bank Appointed Bhavin Lakhpatwala As Chief Financial Officer In India
RBL Bank appointed Bhavin Lakhpatwala as its chief financial officer, a move the bank announced to reinforce its finance leadership amid ongoing regulatory and market scrutiny in the banking sector.
India Banks Published Updated Fixed Deposit Interest Rates on June 12, 2026
The Hindu Business Line published updated fixed deposit interest rates for Indian banks on June 12, 2026, providing a comparative table for savers amid continued market focus on deposit yields and liquidity.
BancFirst agreed to buy SpiritBank and expand its Tulsa area footprint
Oklahoma-based BancFirst agreed to acquire SpiritBank for an undisclosed sum, a transaction set to close in the fourth quarter that further increased the bank's presence in the Tulsa market.
Bank of Baroda Launched 555-Day FD Paying 6.75 Percent to Customers
Bank of Baroda launched a 555-day fixed deposit scheme that offered 6.75 percent to general customers, provided higher rates for senior citizens, and accepted deposits both online and at branches.
HSBC Shares Rose as FTSE Bank Stocks Rebounded with Hong Kong Focus
HSBC shares rose as FTSE bank stocks rebounded, with investors watching Hong Kong wealth-management flows and regional market cues that influenced bank-sector performance across Asia and London trading.
India MSME Loan Growth Slowed To 13 Percent Amid Global Headwinds
India's MSME loan growth decelerated to 13 percent as global headwinds weighed on lending, and analysts said a proposed ECLGS 5.0 could unlock additional credit estimated at ₹2.55 trillion.
India's ESAF Small Finance Bank Passed ₹50,000 Crore Total Business Mark
ESAF Small Finance Bank reported total deposits of Rs 26,197 crore and gross advances of Rs 23,832 crore as of June 11, 2026, taking combined business past Rs 50,000 crore.
Bank of Singapore moved senior executive Lim to Dubai for UHNW expansion
Bank of Singapore moved executive Lim to its Dubai office as part of a strategic push to grow ultra high net worth client coverage in the Middle East, Singapore Business Review reported.
World Bank Nigeria Director Said Country Could Achieve 7-8 Percent Growth
World Bank Nigeria director Mathew Verghis told African Banker that Nigeria had the potential to achieve annual growth of 7 to 8 percent, arguing the country could be more ambitious on growth.
Indian Banks Raised MCLR Amid Tight Liquidity, Canara Bank Led Move
Several Indian banks raised marginal cost of funds lending rates amid tight liquidity, with Canara Bank increasing its overnight to six-month MCLR by five basis points while keeping longer-tenure rates unchanged.
Credit Bank in Kenya Allocated Kshs 1bn to Support Small Businesses
Credit Bank allocated Kshs 1bn to fund small and medium enterprise lending, directing capital to support Kenya's SME sector through targeted financing solutions aimed at expanding access to credit.
Investec South Africa tightened airport lounge access rules requiring monthly deposits
Investec in South Africa changed its airport lounge policy so clients had to meet monthly deposit requirements to access unlimited visits, a shift reported by Moneyweb SA.