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
FinTech Australia announced the inaugural Data Horizons Summit, a one‑day event on 8 May 2026 in Sydney. The summit builds on its successful Consumer Data Right and Net Zero gatherings, highlighting that more than one million Australians now use open‑banking products, generating hundreds of millions of data exchanges annually. Four themes – open banking, sustainability, housing affordability, and financial wellness/crime – will be explored through real‑world case studies, with senior policymakers and regulators on the agenda. The forum aims to shift discussion from theory to actionable outcomes and accelerate ecosystem collaboration.
President Trump issued an executive order aimed at expanding home‑lending opportunities for community financial institutions with assets under $100 million. Mortgage Bankers Association President Bob Broeksmit praised the intent but warned that the Consumer Financial Protection Bureau’s reduced staffing will slow...
FinAi announced a new Banking Summit on March 18, 2026, dedicated to AI‑driven innovations in the financial sector. The event, slated for later this year, will feature case studies from Launch Credit Union’s 75% automation of account openings, Nordea’s staff‑cutting...
On March 18, 2026, Thunes announced a partnership that lets 11,500 banks receive stable‑coin payouts using the existing SWIFT infrastructure, merging legacy finance with digital‑asset technology.
On March 18, 2026, the Bank of Canada will publish its scheduled overnight rate decision in a national press release. The announcement, expected to shape Canadian financial markets, follows the central bank’s ongoing mandate to promote economic stability and keep...
On March 17, 2026, Australia’s four major banks—National Australia Bank, ANZ, Commonwealth Bank and Westpac—announced immediate increases to mortgage and deposit rates after the Reserve Bank of Australia lifted the cash rate by 0.25 percentage points to 4.1%. The hikes,...
On March 17, 2026, the Reserve Bank of Australia (RBA) voted 5‑4 to raise its cash‑rate target by 25 basis points to 4.1%, up from 3.85%. Deputy Governor Andrew Hauser warned that high inflation was "toxic" and that the war...
Sub‑4% fixed‑rate mortgages have vanished from the UK market as major banks withdrew the last remaining two‑ and five‑year products in early March. The pull‑back follows a wave of lender repricing driven by rising swap rates and heightened margin concerns....
India's banking system liquidity surplus shrank to ₹75,483 crore after a ₹2 lakh crore advance‑tax outflow, pushing overnight money‑market rates to 5.31 %. The RBI responded with a 7‑day variable‑rate repo, but attracted only ₹48,014 crore in bids. Simultaneously, the central bank sold over $15 billion...
UBS Group AG suffered a global technology outage on Tuesday that forced a halt to portions of its trading business. The bank quickly identified the root cause and deployed a fix, allowing systems to recover. The disruption arrived amid heightened...
![Issue With Product Changed Citi Strata Elite Splurge Credits [Credits Posting]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://www.doctorofcredit.com/wp-content/uploads/2023/06/citi-deal.webp)
Citi has confirmed a processing error that prevents product‑change cardholders from receiving the advertised up to $200 Splurge credits on the Strata Elite card. The glitch appears tied to an incomplete merchant identifier, meaning only those who switched to the...
Dean M. Leavitt, CEO of Boost Payment Solutions, highlights the widening gap between frictionless consumer payments and the cumbersome, legacy‑driven B2B payment landscape. He argues that B2B transactions suffer from slow settlement, rigid processes, and limited personalization due to high‑value...
Crypto.com has teamed up with KG Inicis, South Korea’s leading payment gateway that controls roughly 40% of the market, to enable crypto‑based payments for inbound tourists. The integration routes crypto transactions through Crypto.com Pay, instantly converting them to Korean won...
USA₮, a digital dollar stablecoin issued by Anchorage Digital Bank, launched a high‑visibility brand activation in Times Square on St. Patrick’s Day. The campaign synchronized multiple digital billboards and distributed 25,000 QR‑coded postcards, giving each scanner $10 in USA₮ via the Rumble...
Home equity lines of credit (HELOCs) are losing their hallmark flexibility as non‑bank lenders dominate the market and impose large upfront draw requirements, often 80% or more of the credit line. While the Federal Reserve estimates $34 trillion in homeowner equity,...
Three banking‑industry groups and the Office of the Comptroller of the Currency filed amicus briefs urging the appellate court to overturn Illinois’s Interchange Fee Prohibition Act (IFPA) exemption. The IFPA, set to take effect July 1, shields Illinois merchants from interchange...
Kansas banking officials testified before a joint House‑Senate committee urging lawmakers to pass House Bill 2648, which would make social‑media platforms and telecommunications providers liable for fraud that harms banks and consumers. The bill requires platforms like Meta to verify...
Non‑agency jumbo mortgage originations surged in the fourth quarter, pushing total nonconforming loans to $401 billion for 2025 and lifting the share of such loans to 20.9% of all originations. The Biden‑era administration’s executive order, signed by President Trump, directs the...
The European Banking Authority (EBA) issued an updated list of ITS validation rules, highlighting deactivated, reactivated, and severity‑status changes. It reminded EU competent authorities not to validate data against deactivated rules. The EBA also launched a small validation‑rules package containing...
Safaricom and Vodacom have launched a tap‑to‑pay option for M‑Pesa users in Tanzania, allowing Android smartphones to make contactless payments at Visa‑enabled terminals. The service, built on Paymentology’s NFC infrastructure, eliminates the need for Paybill numbers or physical cards. It...
Cumbuca, led by CEO Daniel Ruhman, provides a licensed proxy that lets global fintechs tap Brazil's regulated payments ecosystem without building their own licences. The platform connects clients directly to infrastructure such as Pix and open‑finance while handling compliance, allowing...
The European Central Bank’s digital euro proposal aims to cement Europe’s digital sovereignty and foster fair competition ahead of a potential 2029 launch. Advocates argue that the CBDC must be sovereign, public, and inclusive to win trust from citizens and...
On 17 March 2026 the Prudential Regulation Authority released consultation paper CP5/26 to modernise the UK liquidity policy framework. The PRA proposes that firms must assess liquidity composition and monetisation risk, conduct weekly stress tests, and remove the exemption for...
BMO Financial Group announced plans to open 145 new U.S. branches—130 in California and 15 in Arizona—over the next five years, with seven California locations slated for this year. The expansion follows the Bank of the West acquisition and aims...
Thirteen state attorneys general have filed a lawsuit against OneMain Financial, alleging the lender misled subprime borrowers into purchasing costly add‑on products such as credit insurance. The complaint says employees pressured borrowers, financed premiums into loans, and sometimes charged add‑ons...
Early Warning Services (EWS) has teamed up with Citibank to bring its Paze digital wallet to Citi credit‑card holders, marking the first partnership with a non‑owner bank. The rollout is slated for the coming weeks, expanding Paze’s reach beyond the...
Sweden’s central bank, the Riksbank, has warned banks to roll out broader instant domestic payment services within a year or face possible legislation. The regulator set a March 2027 deadline for banks to launch or present credible plans for real‑time...
Petru Metzger, CEO of Payforge, emphasized three core convictions shaping his company: deep payments domain expertise, outcome‑driven execution, and AI‑enabled development. He argues that true differentiation comes from unifying strategy, analytics, and engineering rather than siloed modernization projects. The interview...
The European Banking Authority (EBA) has launched two public consultations on draft Guidelines and draft Regulatory Technical Standards (RTS) for authorising internal initial margin models under EMIR 3. The proposals target firms whose aggregate monthly notional amount of non‑centrally cleared OTC...
Pay.UK’s latest Direct Debit sector data shows a mixed performance across categories. Business‑to‑business collections surged 35% over two years, with business rates jumping 63%, while life insurance subscriptions rose 52% and breakdown cover grew 15% annually. Conversely, charity donations, mobile...
HSBC UK has unveiled a £5 billion AI and productivity financing initiative aimed at mid‑size companies with turnovers between £15 million and £300 million. Research by CEBR for HSBC estimates AI adoption could generate an additional £105 billion in UK revenue by 2030, with...
Commercial prepaid card loads reached $426 billion in 2025, signaling a rapidly expanding B2B market. Javelin Strategy’s 2026 report highlights healthcare benefits, employee incentives, and state‑run government programs as the most promising growth segments over the next five years. Corporate travel...
🚨 MASSIVE: Mastercard just acquired BVNK for $1.8B. This one hits different. --- BVNK had a rough road. Previous acqusitions that fell through. Competing against massive companies. But they made it. Now they're the stablecoin infrastructure layer inside the world's second-largest card network. 130+ countries....
🧵This is #sec #cftc commission-level guidance, not staff-level, which makes it more enforceable than the statements and no-action letters the Crypto Task Force has been issuing since January. That is meaningful distinction. Staff guidance can be withdrawn or walked back...
The Federal Reserve does not set home‑equity loan rates directly, but its policy shapes borrowing costs. HELOCs, which are variable‑rate products tied to the prime rate, adjust within 24‑48 hours after a Fed move, while fixed‑rate home‑equity loans react more...
The biggest risk for banking leaders today is not disruption. It is standing still. In this episode, I discussed why continuous learning is the key to staying relevant in a rapidly changing industry. Watch the full episode: https://t.co/niO7fXOQML https://t.co/ypX1PHvuCB
Lots of corporate dollars still go to maintaining legacy systems. It's hard to redirect that spend to new AI work. Banks feeling it, and not yet delivering the (AI) products that customers want ... https://t.co/N4HWKA2UML
In this episode, Cihan Duezguen, CEO and Co‑Founder of Green Banana, explains how a neutral, agnostic payment orchestration layer can solve the complexities of BNPL across borders by offering a single API that connects multiple providers while remaining invisible to...
what are the best non-stripe options to accept payments? trying Square for online payments (can never do PayPal I'd rather use crypto) but any other for quick setup with an EIN?
AI agents are getting expense cards. Ramp and Stripe are both building infrastructure that lets autonomous agents buy, spend, and transact end-to-end without a human in the loop. The ceiling on what agents can do has always been money. That...
Barclays and accounting software firm Sage announced a strategic partnership aimed at streamlining administrative tasks for small and mid‑sized enterprises. The collaboration combines Barclays' business‑banking expertise with Sage's digital accounting, payroll and HR platforms to cut the time owners spend...
40% of AI projects fail. Not the model. The data. Join me and Tim Brophy at @AmerBanker March 19 webinat to talk about what actually separates AI winners from the rest. 📅 4pm GMT/ 12pm ET https://t.co/HqHwsVzCsj
CFOs now view vendor exposure and data protection alongside balance sheet risk. Requiring: proactive risk management, clear board communication, and disciplined investment to protect operations and trust. https://t.co/RWvAWTo1ee
Yaspa’s 2026 Index shows UK open‑banking transactions jumped 53 percent year‑on‑year in 2025, yet consumer familiarity with the term “Pay by Bank” fell to 38 percent, down from 55 percent a year earlier. The survey of 2,157 adults highlights fragmented terminology—merchants use multiple...
Stablecoins: What Community Banks Need To Know And Do Now Stablecoins won’t disrupt banks overnight, but they will pressure deposit economics, reroute payments value, and introduce new liquidity and operational risks. https://t.co/OZJUTRUWEc
Private credit default rate just hit 9.2%. That's higher than 2008 bank loan peaks. $1.8 trillion in assets, $100B in secondary liquidity. 18:1 mismatch. When exits close, panic starts. https://t.co/PTz3djlLMl
Gross SME bank lending rose 9% to £68 billion in 2025, the second‑largest level in 13 years. Challenger and specialist banks now provide 60% of non‑overdraft SME loans, while non‑bank lenders push total alternative financing to 68% of the market. About...
The growing calls for Discount Window reform are being driven, in part, by a paradox in the post-GFC liquidity framework: banks are encouraged to hoard liquidity in normal times but hesitate to use it during stress. Details in my latest...
Rising U.S. private credit defaults hit record 9.2% in 2025, signaling credit stress & shadow banking risks. This erodes confidence in paper assets, investors flock to hard money with no counterparty risk. Bullish for gold & silver as safe-haven hedges. https://t.co/TcCYRkMkIZ
Banking apps frequently request broad device permissions such as SMS, contacts, and phone access, raising privacy concerns. The author argues that these demands conflict with the Principle of Least Privilege, which advocates minimal access for security. Zerodha’s Kite trading app...
