Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Indian banks offer higher FCNR(B) returns and leverage to NRIs after RBI hedging support
State Bank of India will lend up to nine times an FCNR(B) deposit of $1 million or more, after the RBI agreed to absorb hedging costs on fresh three- to five-year deposits.
World Bank approves guarantee package to mobilise up to $2 billion for Argentina's reforms
Guarantees from the IBRD and MIGA covering 95% of debt service will back up to $2 billion of six-year commercial loans, aimed at lowering Argentina's financing costs.
Goldman Sachs tops $1 trillion in 2026 M&A advisory volume at record pace
Goldman Sachs said it had advised on more than $1 trillion of announced mergers and acquisitions so far in 2026, a record pace for any investment bank within a half-year period.
Former Citi executive says bank fired her after raising Trump concerns
A former Citi executive filed a lawsuit saying the bank fired her after she raised compliance concerns linked to a potential account for US President Donald Trump, alleging retaliation and weaknesses in the bank's internal controls.
Canara Bank launches FCNR(B) special deposit scheme for NRIs in India
Canara Bank launched an FCNR(B) Special Deposit Scheme offering up to 6.50% per annum on US dollar deposits, with tax benefits for NRIs and a loan facility against the deposits.
HDFC Bank issues USD 750 million five-year senior unsecured bonds via GIFT City IFSC
HDFC Bank issued USD 750 million of five-year senior unsecured bonds through its GIFT City IFSC Banking Unit, tapping the international dollar market from India.
India's 10-year G-Sec yield edges down to 7% in May
The benchmark 6.48% GS 2035 closed May two basis points below its April level, and Crisil expects it to trade in a 6.93–7.03% range over the next three months.
Hong Kong credit card originations see rising Gen Z share in Q1 2026
TransUnion reported that in Q1 2026 Hong Kong credit card balances and personal loan originations grew while revolving-line originations contracted, and the Gen Z cohort increased its share of new card originations.
HDFC Bank plans dollar bond sale under subsidised scheme, eyes at least $500 million
HDFC Bank planned to sell a five-year dollar bond under a new subsidised scheme and was looking to raise at least $500 million, with sources expecting strong demand.
Thailand's Government Savings Bank partners with 10 AMCs to widen retail access
Government Savings Bank partnered with ten asset management companies to expand savings and investment choices for its customers, permitting retail investors to select products matched to their risk appetite.
China's May credit data shows weak demand and ongoing household deleveraging
China's May credit figures showed new bank loans totaled 520 billion yuan, highlighting sluggish consumption, weak investment and continued household deleveraging despite a policy push to boost innovation.
AIIB president Zou Jiayi calls multilateralism an 'infrastructure of global trust'
Marking the Beijing-based lender's 10th anniversary, Zou said institutions such as AIIB create certainty amid uncertainty, as the bank aims to broadly double its annual financing volume by 2030.