Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
World Bank warned two thirds of economies were hit by Iran war
The World Bank said two thirds of global economies faced economic fallout from the Iran war, and that the world economy was projected to expand 2.5% in 2026.
U.S. Bank and PNC CEOs dismissed AI cash optimization as retail deposit threat
At a banking conference this week, U.S. Bank CEO Gunjan Kedia, PNC leaders and Truist's CFO dismissed concerns that AI-driven cash optimization posed an immediate risk to retail deposits.
SBI ICICI HDFC Bank Raised FCNR(B) Rates After RBI Swap Window
State Bank of India, ICICI Bank and HDFC Bank raised FCNR(B) deposit rates after the Reserve Bank of India launched a foreign currency swap window that lowered banks' currency hedging costs.
Canara Bank raised short-term MCLR in India amid tighter system liquidity
Canara Bank raised its MCLR by five basis points for overnight to six-month tenures, leaving longer-tenure lending rates unchanged amid reports of tight liquidity in the banking system.
Access Holdings pledged dividend resumption and long-term value creation at AGM
Access Holdings Plc said at its fourth annual general meeting that the board committed to resuming dividend payments once relevant regulatory conditions were met, and signalled a shift from growth for growth's sake.
Indian Overseas Bank Hiked Rates on Select Non-Callable Fixed Deposits
Indian Overseas Bank raised retail non-callable fixed deposit rates, lifting the one-year public rate to 6.7 percent from 6.6 and the over-one-to-two-year tenor to 6.6 percent from 6.5.
Zimbabwe Sought $150 Million AfDB Loan To Address Debt Default And Arrears
Zimbabwe's finance minister said the government sought a $150 million loan from the African Development Bank to help tackle a long-running debt default and clear billions of dollars in arrears.
AIIB President Zou Jiayi Outlined How Asia Financed Its Green Transition
Zou Jiayi, president and chairwoman of the Asian Infrastructure Investment Bank, outlined AIIB's approach to financing Asia's energy transition and the institution's priorities on green infrastructure and policy engagement.
Indian banks raised FCNR(B) deposit rates to near 7 percent levels
Indian banks raised interest rates on FCNR(B) deposits, with peak offers touching around 7 percent as lenders adjusted pricing on non-resident foreign currency term deposits amid market pressures.
Nigeria's Banks Became Africa's Outlier as Earnings Contracted in 2025
Nigeria's banking sector recorded contracting earnings in 2025, bucking a broader African trend of rising profits after two years of exceptional results driven by naira devaluation gains and elevated interest rates.
Karur Vysya Bank raised US dollar FCNR(B) rate by 437 basis points
Karur Vysya Bank raised its FCNR(B) US dollar deposit rate by 437 basis points, lifting the 3-5 year maturities to 7% per annum from the prior 2.63%.
RBL Bank was poised to appoint HDFC Bank finance executive Bhavin Lakhpatwala as CFO
RBL Bank was reported to have moved to hire Bhavin Lakhpatwala, a senior finance executive at HDFC Bank, as its new chief financial officer, in a development flagged by CNBC TV18.