Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Punjab & Sind Bank watches MSME book as West Asia crisis persists, after record FY26 profit
Punjab & Sind Bank, which reported a record ₹1,322 crore profit for FY26 in April, said it was keeping a close watch on its MSME loan book as a prolonged West Asia crisis may hit borrower cashflows.
HDFC Bank raises MCLR and lending rates across tenors in India
HDFC Bank raised lending rates by up to 10 basis points across tenors, including a 5 basis point increase in the one-year benchmark MCLR to 8.40 percent, the bank said.
Nigeria Army chief urges banks to strengthen tracking of terror financing
Lieutenant General Waidi Shaibu, Nigeria's Chief of Army Staff, called on the country's banking industry to strengthen efforts to disrupt terrorism financing and other illicit financial flows.
South Africa attorney Trudie Broekmann criticises banks over treatment of fraud victims
Trudie Broekmann, a consumer attorney at Trudie Broekmann Attorneys, published an open letter to South African government and regulators criticizing how banks treated customers after account fraud.
Canara Bank's new CEO sets deposit and youth engagement as top priorities
Canara Bank's new MD and CEO Brajesh Kumar Singh said his immediate priority was raising low cost deposits and improving CASA to strengthen the bank's efficiency and appeal to younger customers.
OCBC Bank introduces allocated physical gold trading and custody for clients
OCBC announced it would launch allocated physical gold trading and custody in Singapore from 10 June, offering institutional, high-net-worth and ultra-high-net-worth clients the ability to buy, sell and hold large allocated gold bars.
United Capital Group secures investment banking license to operate in Ethiopia
Nigeria’s United Capital Group secured regulatory approval from the Ethiopian Capital Market Authority to operate investment banking in Ethiopia, becoming the first foreign investment bank licensed in the country.
China sees record panda bond issuance in 2026
China's onshore market saw 26.64 billion yuan of panda bonds sold in May, pushing issuance in the first five months to a record, with 11 foreign entities issuing 14 yuan-denominated securities as foreign borrowers increased activity.
Santander boss Ana Botín criticises UK bank taxes as economically senseless
Santander chief Ana Botín said UK policies that single out banks with extra levies made 'no economic sense', in an interview with the Financial Times.
CBI searches officials' premises in ₹661 crore IDFC First and AU Small Finance Bank funds case
The CBI searched premises of senior Haryana officials and a Noida consultancy in its probe into the alleged diversion of government funds held at IDFC First Bank and AU Small Finance Bank.
Standard Bank details how Africa's wealthy have built significant fortunes over time
Jacques Els, head of wealth and investment at Standard Bank, discussed the bank's report on how Africa's wealthy had built their fortunes, including the rise of first-generation wealth and three archetypes of wealth creators.
Old Mutual’s OM Bank adds about 2,100 customers a day in early 2026
OM Bank, Old Mutual’s new bank, grew from 284,000 customers at the end of 2025 to 473,000 by the end of March 2026.