Know What's Happening in Banking
Know What's Happening in Banking
IndusInd Bank sees deposits dip 2.6% YoY while advances fall 8.7% in Q4FY26
IndusInd Bank reported total deposits of ₹4,00,178 crore, down 2.6% year‑on‑year, and net advances of ₹3,15,154 crore, down 8.7% YoY. Deposits rose 1.6% sequentially, indicating a modest recovery amid a cautious lending environment.
Also developing:
By the numbers: Huntington Bancshares completes Cadence Bank acquisition
The CLARITY Act’s current language bans stablecoin yield, prompting strong opposition from legacy banks that fear deposit outflows to higher‑yield digital assets. Cryptio CEO Antoine Scalia highlighted that while direct‑issuer stablecoins may remain restricted, third‑party structures could provide a workaround. He noted a subtle policy shift from pure risk aversion toward balancing market structure and U.S. dollar competitiveness. The debate underscores tension between banking lobbyists and regulators over how to integrate stablecoin incentives into a transparent framework.
JLL Capital Markets arranged a $74.5 million, three‑year refinancing loan for the 267,294‑square‑foot Shops at Stonefield shopping center in Charlottesville, Virginia. The center, anchored by Trader Joe’s and featuring tenants such as L.L. Bean, lululemon, Sephora and a 14‑screen Regal Cinema, is 98 percent...
I talked with @nlevine19 and @robbiepetersen_ about the future of commerce, and why the real bottleneck isn’t the payment rails. It’s human social structures. That shifted how I think about what agents actually need to solve for. Timestamps: 🔧 01:02 Why Noah thinks...
The episode examines the surprising resurgence of emerging‑market bond issuance, led by African issuers such as Angola and telecom tower firm Helios, while Central‑Eastern European and Middle‑Eastern markets remain largely dormant due to war‑related volatility. George Collard explains why lower‑rated...
Carter Bankshares sold its remaining Justice family loan portfolio for $289.5 million, covering $209.5 million of non‑performing loans and most lost interest. The transaction cuts the bank's non‑performing loan ratio from 6.29% to 0.82% and reverses an $18 million specific reserve, boosting tangible...
Citigroup executives are quietly evaluating a purchase of a major U.S. regional bank to dramatically boost deposits, a stark departure from CEO Jane Fraser’s recent focus on organic growth. Potential targets such as Truist and PNC each hold roughly $500 billion...
U.S. mortgage rates edged higher on March 27, reaching a 30‑year fixed rate of 6.64%, the highest level in eight months. Lenders initially posted a top‑tier rate near 6.7% before trimming it mid‑day as bond market movements softened. The adjustment...
Citigroup appears to be testing two revamped versions of its Strata Premier card, each carrying a $195 annual fee. Both proposals retain a 4× points boost on dining during Citi Nights and include a suite of statement credits, such as...
A new marketplace powered by the Machine Payments Protocol (MPP) launched with over 60 services designed for AI agents, not human users. Offerings range from full‑text SEC filing searches and CAPTCHA solving to physical letter mailing and AI‑generated images. In...
Absa Group booked a R2.4 billion (≈$126 million) software impairment for 2025, far exceeding the R179 million (≈$9 million) written off a year earlier. The write‑down reflects accelerated obsolescence as AI, cloud adoption and faster technology cycles render legacy platforms uneconomic. Absa’s IT spend...
Banreservas has leveraged its New York, Madrid and Miami offices to originate roughly $57 million in mortgage loans for about 100,000 Dominicans and to process $1.8 billion in remittances, covering 60% of the diaspora market. Domestically, the state‑owned bank reports an active portfolio...
SoFi is rolling out a new checking and savings account promotion that can net new customers up to $825 in cash and points. The core offer provides a $400 bonus for deposits of $5,000 or more within a 30‑day evaluation...
Embedded finance, also called embedded commerce or integrated payments, is reshaping how Independent Software Vendors (ISVs) deliver value, with the market projected to grow from $85.8 billion in 2026 to $370.9 billion by 2036 – a 15.8% CAGR. ISVs that adopt a...
On 27 March 2026 the FCA released Handbook Notice 139, amending the FCA Handbook across ten areas including redress reforms, third‑party incident reporting, perimeter guidance, prospectus rules, fee structures, complaints reporting, administrative fees, data decommissioning, concentration limits and handbook administration. The...
PayNearby has become the first Business Correspondent in India to launch a fully integrated UPI cash‑withdrawal solution, allowing users to pull physical cash from nearby retail outlets. The service is built in partnership with IndusInd Bank and supported by YES...
![[Live 3/31] SoFi Plus Now Costs $10/Month (Removes Free Option) + 4.5% Savings Rate](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://www.doctorofcredit.com/wp-content/uploads/2019/02/sofi.png)
SoFi is ending the free SoFi Plus subscription, charging every member $10 per month starting April 1, 2026. The plan now includes a 4.5% APY on balances up to $20,000, a modest bump from the 4.25% baseline. However, the extra...
The Federal Reserve voted 4‑3 to grant Morgan Stanley an exception allowing its German investment bank to be folded into its U.S. holding company, sidestepping Section 23A limits on foreign affiliate ownership. All three Democratic board members dissented, arguing the move...
The government amended Press Note 3 of 2020 to define beneficial ownership for investors from countries sharing a land border with India, allowing them up to 10% equity via the automatic route and a 60‑day approval window. Foreign direct investment reached a...
The FDIC’s Office of Inspector General warned that recent staffing cuts could erode institutional knowledge and impair crisis response. The agency trimmed its workforce by 20% last year, dropping from about 6,300 to 5,000 employees, and nearly one‑fifth of the...
The Federal Deposit Insurance Corporation and the Federal Reserve announced on March 23 that they have repealed a 2009 rule that limited private‑equity participation in bank resolutions. The change lets non‑bank investors submit bids on failed institutions, a shift that...
Average home‑equity line‑of‑credit rates fell to 7.04% this week, the lowest level since 2022. The drop trims the monthly payment on a $20,000 HELOC to between $180 and $233, making it cheaper than most personal loans and credit cards.
Dubai has surged to seventh place in the Global Financial Centres Index, its highest position ever and the top ranking for any centre in the Middle East, Africa and South Asia. The rise reflects rapid growth at the Dubai International...
The average 30‑year fixed mortgage jumped to 6.38%—its highest level in over six months—after the 10‑year Treasury yield rose to 4.39%. Higher oil prices and the Iran conflict are pushing bond yields up, tightening borrowing costs for homebuyers.
Turkmenistan enacted a sweeping virtual‑assets law that legalizes crypto mining and exchange operations under a state‑controlled licensing regime effective Jan. 1, 2026. The move signals a new phase of regulated digital‑asset adoption in a historically closed economy.
Former Freddie Mac CEO Donald Layton argues that the government‑sponsored enterprises (GSEs) can achieve capital reform faster by lowering minimum capital standards and using the 2018 Enterprise Regulatory Capital Framework (ECRF) as a template. He cites the Trump administration's executive order...
IDB Invest has approved up to $12 million in senior‑loan financing for rentandes S.A.S., a Colombian operating‑lease specialist. The funds, split into an $8 million committed tranche and a $4 million optional tranche, will be disbursed in local pesos over six years. Rentandes...
On 27 March 2026 the FCA released observations from firms' self‑assessments on operational resilience, marking a year after the March 2025 transition deadline. The regulator highlighted good practices such as robust methodologies for defining important business services and strong governance frameworks,...
Square, the merchant‑focused arm of Block, has upgraded its machine‑learning underwriting engine to extend loans to seasonal and newly onboarded merchants. The new model can assess creditworthiness from a business’s first payment, cutting the evaluation period from weeks to minutes....
Chancellor Rachel Reeves has secured a pledge from the six largest UK banks and building societies to proactively reach out to about 1.6 million homeowners whose fixed‑rate mortgages expire by the end of 2026. The outreach will promote the Mortgage Charter,...
Truist is running a $400 cash bonus for new personal checking accounts across 18 states, valid through July 9 2026. To qualify, applicants must use promo code DC400TR1Q226, receive a single direct deposit of at least $2,000 within 90 days, and complete 20...
On March 27 2026 the European Union published a corrigendum to Regulation (EU) 2025/1355, the ECB’s framework governing systemically important payment systems. The amendment corrects a typographical error in recital 2, leaving the substantive oversight requirements unchanged. The original regulation, effective July 2025, sets governance,...
On 27 March 2026 the EU Official Journal published Commission Implementing Regulation 2026/722, which amends the technical standards set out in Implementing Regulation 2024/3172. The amendment refines the European Banking Authority’s Single Access Point (EBA‑SAP) requirements for disclosures by credit institutions that are not...
SaveLend Group AB, a Nordic fintech, announced revised financial targets as Sweden tightens consumer‑loan regulations. The company will apply for a credit‑market company licence, divest its billing platform Billecta, and shift focus from consumer credit to SME lending. New goals...
Zelestra obtained a $600 million green credit facility led by Societe Generale and HSBC to develop two 440 MW solar projects in Texas. The financing is underpinned by long‑term power purchase agreements with Meta, giving the projects stable cash flows and underscoring the...
Monument Bank announced the UK’s first tokenised retail deposits programme, aiming to mirror up to £250 million ($317 million) of client funds on the Midnight public blockchain while keeping deposits protected under the FSCS. The Prudential Regulation Authority fined The Bank of...
Javelin Strategy’s new report reveals prepaid cards are evolving from one‑time gifts into recurring spending tools as consumers repeatedly load them. Loyalty programs at brands like Starbucks and Chick‑fil A incentivize continuous use, turning cards into everyday payment methods. Issuers focus...
Block Inc.'s Square unit will outfit Steak Escape’s 23 locations with POS terminals, kiosks and kitchen-display systems, extending its fast‑food footprint. Visa partnered with Pinwheel to launch an Enhanced Subscription Manager, aiming to help consumers track the projected 12 billion global...
Lenders poured over $2.5 billion into Manhattan’s top‑tier office assets in February, with Brookfield and Olayan each securing $800 million refinancings and Vornado obtaining a $525 million loan. The deals featured higher‑interest rates near 5.9 percent but were backed by strong occupancy and fresh...
Kuda, the Nigerian digital bank, announced a company‑wide restructuring on March 25, terminating hundreds of contracts across core units, including 19 of its 40 marketing staff. The layoffs are framed as a strategic shift rather than a response to financial...
A survey of APAC’s banks in 2025 found that four functions—customer relationships, customer service, innovation, and IT—were so important that they were expected to contribute more than 70% of AI value. The problem, however, is that while half of APACs are...
Update on the “Lock-in Effect” in the Housing Market: Below-3% & 4% Mortgages Fade Very Slowly. Share of ARMs originations fell further and is at historic lows: FHFA’s National Mortgage Database https://t.co/ZUvlUdW3RE https://t.co/bqPa12CUrs
The UK Financial Conduct Authority has imposed a £338,000 fine—about $429,000—on Dinosaur Merchant Bank Limited for failing to implement effective systems to detect and report suspicious contracts‑for‑difference (CFD) trading. Between June and October 2024, the bank’s new order platform processed...
Neobanks gave us better UX Agentic finance gives us no UX The AI just handles it That's the shift
Mortgage interest rates are hitting 7 percent and sellers are locked into COVID era mortgages that are in negative real interest rate territory. More charts and graphs featured on today's Chartbook Top Links in the comment below. https://t.co/jUHCvyVvDx
Walmart dropping OpenAI is hitting the headlines. What does this reveals about Agentic Commerce and what every Bank, Insurer, and Fintech should take from it? Which model will financial institutions choose when AI agents start selecting and purchasing financial products on...
I forget that there are still megabanks who aren't yet barred from this kind of M&A (banks can't buy another solvent bank if they already control at least 10% of national deposits)
Fascinating new paper from Iñaki Aldasoro et al which argues that stablecoins don’t get around existing bank balance sheet constraints. Exacerbate the CIP distortions if anything. https://t.co/p5y5qOA4kX
LATEST: 🇺🇸 Senate Banking Committee chair Tim Scott says the stablecoin yield debate is complex, with banks and crypto firms like Coinbase still at the table negotiating https://t.co/guK3dR2LRR
ECB’s Wunsch says rate hike likely if war isn’t over by June https://t.co/DfO5yOLNdf via @FerroTV @lisaabramowicz1 https://t.co/rkEFK0fHSo
