Know What's Happening in Banking
Know What's Happening in Banking
IndusInd Bank deposits slip 2.6% YoY as loan book contracts in Q4FY26
IndusInd Bank reported total deposits of ₹4,00,178 crore (≈ $48 billion), down 2.6% year‑on‑year, while net advances fell 8.7% to ₹3,15,154 crore (≈ $38 billion). Deposits rose 1.6% sequentially, hinting at a modest recovery amid a cautious lending environment.
Also developing:
By the numbers: Huntington Bancshares completes Cadence Bank acquisition
Zimperium’s 2026 Banking Heist Report reveals that 34 active malware families are targeting 1,243 mobile banking apps across 90 countries. Android‑based financial fraud surged 67% year‑over‑year in 2025, with sophisticated campaigns that can fully control devices and bypass traditional defenses. The United States faces the highest concentration of attacks, with 162 apps targeted, while the TsarBot, CopyBara and Hook families account for more than 60% of global hits. Nearly half of the malware families now add extortion or ransomware capabilities, shifting fraud from theft to coercion.
"The typical homebuyer would save $150 per month taking out an adjustable-rate mortgage instead of a 30-year fixed rate mortgage. That’s a 5.8% discount, the biggest ARM users have had since June 2022 in both dollar and percentage terms." -Redfin
On March 20 2026 the Central Bank of Russia trimmed its benchmark rate by 50 basis points to 15.0%, the seventh reduction since the October 2024 peak of 21%. The cumulative easing amounts to six percentage points, the deepest policy shift in over two...
The U.S. Treasury announced it will take over a segment of federal student loans, signaling a major policy shift in the banking sector. Details of the transfer, including loan volume and timeline, were not disclosed in the provided sources.
Banks increasingly rely on mobile apps as the main customer interface, but chatbot satisfaction remains low. Research from Javelin Strategy shows bots often serve as complex call‑routing tools that frustrate users, especially younger consumers who expect swift human assistance. Institutions...
Jem Walters, former Virgin Money CIO and co‑founder of the Snoop app, became CTO of Vanquis in September 2023 to lead a sweeping digital overhaul. He is consolidating three legacy technology stacks into a unified Salesforce‑based platform while building a Snowflake‑powered...
Starling Bank announced the launch of the UK’s first agentic AI financial assistant, dubbed Starling Assistant, to automate everyday banking tasks. The voice‑enabled tool can set up savings goals, allocate funds across dedicated spaces, and schedule bill payments through natural...
Canadian Investment Regulatory Organization (CIRO) will roll out a Disgorgement Distribution Program on April 1, 2026, enabling funds seized from broker misconduct to be returned to affected investors. The initiative distributes disgorgement penalties on a prorated basis, with claimants given at least...
The Indian government announced a Rs 20,000 crore credit guarantee scheme aimed at micro‑finance institutions (MFIs) to alleviate liquidity pressures. The programme applies to all bank‑sanctioned loans up to June 30, 2026 and imposes a 2 % rate ceiling above the marginal cost of funds....
Fourteen months after DORA became enforceable, European financial institutions are still struggling to meet its requirements. Surveys show only about a third feel confident about full compliance by the Jan 2025 deadline, while half expect to finish by end‑2025 and many...
A large‑scale randomized experiment with 144,000 Mexican credit‑card borrowers shows that lowering interest rates by 30 percentage points cuts default by only 2.6 percentage points, while a 5‑to‑10 percent increase in minimum payments modestly raises short‑run defaults. By linking borrowers to social security...
Regulators across Europe are turning real‑time financial‑crime intelligence sharing from a voluntary practice into a legal requirement, with the Payment Services Regulation (PSR) Article 83 and AMLR Article 75 mandating connections to domestic and international networks from 2027. Salv Bridge, a four‑year‑old...
The International Financial Services Centres Authority (IFSCA) has issued 60 warnings to capital market intermediaries (CMIs) operating in GIFT City during FY26 for breaches such as unattended offices, missing key personnel, weak infrastructure, and use of remote‑access software for trading....
The FCA now mandates that every compensation outcome in large‑scale remediation programmes be fully auditable and transparent. Known as explainable redress decisions, firms must reconstruct the entire decision‑making process for each customer, documenting data sources, eligibility criteria, formulae, and any...
Sunstate Bank announced a partnership with InvestiFi to embed stock, ETF and digital‑asset investing directly into its online banking platform. The integration lets account holders trade and allocate funds from their checking accounts while accessing InvestiFi’s Guided Investing robo‑advisor and...
Fintech strategies that work in developed markets often break in emerging ones. Volatile currencies, fragmented identity systems and shifting regulations force a completely different level of precision in how products are built and operated. What looks like speed in one market...
The UK Financial Conduct Authority has ordered Beauforce Corporation Limited to stop all regulated activities, including debt‑advice and debt‑management services, and to return client funds held in its accounts. The action follows revelations that the firm’s senior manager, Mr Duckett, is...
The Central Bank of Kenya and the National Bank of Rwanda have signed a Memorandum of Understanding to create a licence‑passporting framework for payment‑service providers operating across both countries. The arrangement will allow mutual recognition of PSP licences, eliminating duplicate...
Independent mortgage brokers rely on strong lender relationships to close deals efficiently. Recent insights from Edge Home Finance’s Nguyen Mai and RCG Mortgage founder Andrew Russell highlight that proactive, over‑communication from lenders—especially underwriters—can prevent bottlenecks and improve client outcomes. Speedy,...
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Since 2019, bank lending to non-bank financial institutions (NBFI) has grown by nearly 60% vs only about 20% to non-financial corporations. Divergence has widened since mid-2022 when corporate lending stagnated while NBFI lending continued to rise steadily https://t.co/QEUhoq4feU
Central‑bank digital currency (CBDC) could remain neutral for banks if the central bank recycles CBDC balances back to them at rates equal to deposit‑funding costs, preserving credit creation and profit margins. Deposits, however, are hybrid instruments that provide money‑like services...
#FlashbackFriday In 2020, I suggested the future of finance would be bots negotiating with bots on behalf of customers. That future feels rather closer now. https://t.co/aAxDaqNeF0 Yesterday’s future. Progress optional.
Hours after the startling resignation of HDFC Bank’s chairman, executives hastily arranged a call to assure investors that all was well, and there was nothing material in Atanu Chakraborty’s abrupt departure. Investors weren’t buying it. https://t.co/aeAiEMP7A8 @ranjanir_
The Federal Reserve’s Basel III reproposal softens capital requirements for mortgage‑backed assets, notably easing the Tier 1 cap on mortgage servicing rights (MSRs) while keeping a 250% risk weight. It introduces LTV‑based risk‑weight tiers, dropping to 25% for loans under 50% LTV,...
Back in 2009, I joined a troubled bank. Our Texas ratio hit over 200% and we were the worst performing bank in Oklahoma. Despite being unable to raise capital, our employee-owners scrappily turned around and rebuilt the pre-statehood bank. ...
🌏Capturing Asia’s rising wealth: A massive opportunity has opened to advise #SoutheastAsia’s growing mass affluent segment, which domestic banks have struggled to penetrate. Thanks to @FT_PWM for publishing Liam Reeve’s and my insights: https://t.co/r16mLZ2lEB #WealthManagement #PrivateBanking #WealthTech
Capital One is offering a $300 cash bonus for new 360 Checking accounts. To qualify, applicants must use promo code OFFER300 and receive two direct deposits of at least $500 each within 75 days, with a soft credit pull and...
In the post‑Basel III era, interest‑rate risk in the banking book (IRRBB) has become a primary source of earnings and capital volatility for banks. The Basel framework mandates independent audit of IRRBB measurement processes, placing internal audit as the third line...
National Australia Bank (NAB) is preparing to scale its AI‑driven "customer brain," a platform that now incorporates 3,500 adaptive models and is used by 90 percent of its divisions. The system can generate more than 400 next‑best actions for each client,...
Zopa Bank announced a pre‑tax profit of £65 million for 2025, almost double the prior year, as its customer base rose to 1.7 million. The digital challenger says the results validate its “Home of Money” strategy and underpins a goal of ten‑million...
American Express is teasing a new premium business credit card, likely the Graphite Business Cash Unlimited Card, via an Instagram post. The card carries a $250 annual fee and offers unlimited 2% cash back on all spend, with a boosted...
EtherFi, a crypto neobank with roughly $6 billion TVL, is integrating Plume Network’s Nest Vault infrastructure to offer tokenized real‑world asset yield via the nBASIS vault powered by Superstate’s USCC fund. The partnership will initially re‑allocate capital to the vault, followed...
A record 111 million U.S. consumers carried credit‑card balances at year‑end, pushing total debt past $1 trillion. The average annual percentage rate slipped to 22.3% in Q4 2025, down from 22.8% a year earlier. Policy advocates propose a 10% interest‑rate cap, arguing it...
IDB Invest and Banco de Crédito del Perú (BCP) have extended a combined loan of up to $250 million to Grupo Tramarsa and Terminal Internacional del Sur (Tisur) to fund preliminary work on the Port of Matarani expansion. The financing, split...
I'd say a 6.50% 30-year fixed seems like a foregone conclusion at this point. When not if... That'd be the first time rates were that high since last summer. Pretty sure the housing market can't handle a return to 7%, not...
The FCA will bring the £13 billion UK BNPL market under full regulatory oversight starting 15 July 2026, requiring lenders to conduct mandatory affordability assessments and provide standardized pre‑contract disclosures. A Temporary Permissions Regime opens from 15 May to 1 July 2026, after which firms must...
The Consumer Finance Monitor podcast reveals that the CFPB may slash its annual examinations from roughly 600 to about 70, shift to fully virtual, risk‑focused reviews, and even adopt a “humility pledge” for examiners. Simultaneously, the OCC, FDIC and Federal...
Klarna: 5x Opportunity or a Subprime Lender? $KLAR offers a uniquely asymmetrical profile: - Beat Down Stock - Expanding into Banking - Strong Growth - Potential for improving profits https://www.globalequitybriefing.com/p/klarna-5x-opportunity-or-a-subprime?r=39awso&utm_campaign=post&utm_medium=web
FITCH: U.S. private credit default rate declined to 5.4% for the trailing-12 months through February. This is down from the January peak of 5.8%.
Chase’s Sapphire Preferred card now offers a 75,000‑point welcome bonus worth roughly $1,538 after $5,000 spend in the first three months. The bonus eligibility was updated in January, allowing cardholders to earn one bonus per Sapphire product even if they...
HDFC Bank has faced a string of regulatory actions over the past seven years, beginning with a ₹1 crore RBI penalty in 2019 for KYC and AML lapses. Subsequent sanctions include a 2020 RBI directive that halted digital launches, a 2024...
FWIW - I can't think of a more ill-timed moment to enable capital to exit the banking system. Then again, I saw this in the late 1990's and right before the housing crisis. https://t.co/BElQudhOBb
Financial institutions are moving beyond digitized journeys and isolated AI pilots toward "intelligent finance," where systems understand intent, anticipate needs, and act on customers' behalf. This shift replaces assistive interfaces with autonomous, outcome‑driven financial assistants that reshape experiences, operations, and...
At FinovateEurope 2026, Gradient Labs CEO Dimitri Masin outlined the industry’s move from mobile‑first interfaces to "agentic banking," where AI agents execute complex, judgment‑heavy tasks. He argued that traditional fintech apps still rely on large human back‑offices, creating friction for...
HSBC is weighing a plan to eliminate roughly 20,000 jobs, or 10% of its global workforce, by automating middle‑ and back‑office roles with artificial intelligence. The move is part of a three‑to‑five‑year cost‑saving overhaul led by CEO Georges Elhedery and...
Crunchbase called it. Three months ago, we flagged @BVNKFinance as a likely acquisition target, & @Mastercard just announced plans to acquire it for up to $1.8B. That’s the power of predictions — you can spot opportunities early & move before competitors....
It was once thought that as defaults rose, credit card issuers would simply increase the rate they charge to compensate for that. Hard to see that now, given current portfolio yields. Worse, their cost of funds is rising...
On 19 March 2026 the FCA published its first Regulatory Priorities reports for wholesale markets and wholesale buy‑side, part of a new series of nine annual reports that replace traditional portfolio letters. The wholesale‑markets agenda stresses operational resilience, liquidity management, T+1 settlement,...
TSG has launched its 2026 Directory of U.S. Merchant Acquirers, a subscription‑only research tool sponsored by Deluxe Merchant Services. The guide profiles more than 300 merchant acquirers, representing over $13.5 trillion in processing volume, 550+ sponsor‑bank ties, and 55+ proprietary processing...
