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
Warren Buffett warned that the banking system is showing signs of fragility as it becomes more intertwined with non‑bank players, urging the Federal Reserve to prioritize financial stability. He highlighted the risk that distress at one institution could quickly spread to others, especially amid recent credit‑market turmoil. Buffett, who recently stepped down as CEO of Berkshire Hathaway, a $1 trillion conglomerate with significant bank holdings, cautioned that panic could trigger mass market exits. His comments aim to draw attention to systemic risks that could affect the broader economy.
Fidelity BancShares announced a cash acquisition of Georgia‑based Affinity Bancshares for $142.8 million, paying $23 per share—a 17.35% premium to the prior close. Affinity contributes roughly $882 million in assets and a portfolio focused on commercial real‑estate, construction, and small‑business lending. The...
J.P. Morgan Chase has become the dominant lender for rent‑regulated multifamily properties in New York City after the collapse of Signature Bank and the retreat of New York Community Bank. The author argues that, since the 2019 Housing Stability and...
Mastercard is pivoting from traditional payment rails to AI‑driven, agentic payments, aiming to become the orchestration layer that links intent with transaction. The company has piloted fully authenticated AI transactions in India, completed a live end‑to‑end AI purchase in South...
India's central bank postponed new capital market exposure guidelines for banks to July, prompting relief for lenders. Meanwhile, Nuvama lifted Welspun Corp's price target 33% and sees a 58% upside for Motherson Sumi Wiring. In Canada, PyroGenesis Inc. disclosed a...
Goldman Sachs’ prime trading desk says hedge funds have trimmed global equity holdings for a sixth straight week, widening short positions and flagging a broad capitulation in U.S. stocks. Short exposure in European macro products hit 11%, a decade‑high, while...
Flagstar Bank and technology partner Mphasis have completed the first phase of a multi‑year, $1 billion modernization program, consolidating six legacy data centers into two next‑generation facilities and migrating hundreds of applications with zero downtime. The milestone positions Flagstar to accelerate...
Solana is positioning itself as a high‑throughput blockchain alternative to Ethereum, boasting over 25,000 transactions per second and fees that are a fraction of a cent. The network’s cryptographic clock eliminates ordering disputes, enabling a multi‑lane processing model. Major financial...
OCBC announced it will lower the interest rate on its flagship 360 Account to 4.45% per annum for the first S$100,000 (about $74,000) starting May 1, down from 5.45%. This is the first adjustment to the 360 Account rates in 2026...
The Boston Federal Reserve’s new paper shows that a one‑percentage‑point rise in credit‑card APR cuts overall card spending by about nine percent, roughly $74 per consumer each month, and up to fifteen percent for balance‑carrying borrowers, especially lower‑income households. Average...
U.S. Bank will assume issuance of Amazon’s Business and Business Prime credit cards, with Mastercard serving as the network provider, replacing American Express. The move opens a cross‑sell channel to Amazon’s roughly 1.9 million U.S. small‑business sellers and adds to U.S. Bank’s existing base of...
Amazon.com Inc. announced that U.S. Bancorp will become the issuer for its two small‑business credit cards, replacing American Express. The new Prime Business and Amazon Business cards will operate on Mastercard's network and are slated for relaunch in the coming...
Visa announced a partnership with Pinwheel to embed an enhanced subscription manager directly into banking apps, giving cardholders a consolidated view of recurring charges, alternative payment options, and one‑click cancellation. The rollout begins this summer for North American issuers, with...
On 31 March 2026 the Eurosystem released a comprehensive payments strategy that expands its existing cash and retail‑payments plans to cover wholesale, business‑to‑business and cross‑border transactions. The roadmap emphasizes a dual track: upgrading current infrastructures like the T2 real‑time gross settlement system...
On 31 March 2026 the Prudential Regulation Authority released Policy Statement 8/26, finalising the Financial Services Compensation Scheme’s Management Expenses Levy Limit (MELL) for the 2026/27 fiscal year. The PRA reviewed stakeholder responses to Consultation Paper 1/26 and chose to keep the levy ceiling...
Ant Digital Unveils Full-Stack AGI Architecture at IDC Question: Can fintech giants compete with hyperscalers on full-stack AI? Ant Digital positioning with complete vertical integration: → proprietary foundation models (Ling-1T trillion params) → finance-grade agent platform (Agentar-Fin-R1) → specialized infrastructure (ZOLOZ...
Generative AI is moving fast into financial services, but model management, explainability, and governance are still catching up. The teams at Nationwide and Cardiff shared this funded PhD with me, and I wanted to share it with my network. The...
South African bookmakers, represented by the South African Bookmakers Association (Saba), report that unlicensed offshore gambling platforms now account for roughly 62% of online betting activity, siphoning about R50 billion (≈ $2.7 billion) in gross revenue abroad each year. The report, commissioned from...
Deregulating Big American Banks Makes Them Riskier: Very worthy reality check and truth telling by @MRVAssociates https://t.co/3c4yxlsI78
Sector credit: Bank credit seems to have done well in nearly all areas, and both Industrial credit and personal loans (incl housing etc) are growing at a decent pace. So is agri and services. https://t.co/bFWysA8pZw
Pepkor Holdings, Africa’s largest clothing and mobile phone retailer, has hired Merwe Scholtz to lead a new banking division, aiming to launch an independent lender by 2027 and possibly as early as next year. The initiative will add deposit services...
The playing field is shifting. Smaller banks and credit unions now have access to the same innovation through solution providers and fintech partners. That changes everything. https://t.co/cBR5eKzmzK
Stripe, now valued at roughly $159 billion after a 74% jump from the prior year, is reportedly in early‑stage talks to acquire PayPal. The potential deal would give Stripe immediate access to PayPal’s 439 million active consumer and merchant accounts and its...
Swift has moved its blockchain‑based shared ledger from planning to full‑scale development, creating a minimum viable product that will pilot live tokenized deposits in 2026. The platform extends Swift’s existing payment standards with an open‑source, EVM‑compatible layer built on Hyperledger...
On 30 March 2026 the FCA issued Policy Statement 26/3, establishing final rules for two motor‑finance consumer redress schemes covering loans from April 2007 to November 2024. The schemes split the original 17‑year period into a 2007‑14 “Scheme 1” and a 2014‑24 “Scheme 2”, with...
The article revisits the TED spread— the gap between LIBOR and U.S. Treasury bills—as a historic gauge of inter‑bank trust that foreshadowed the 2007 financial crisis. It argues that today’s equivalent warning signal is the crack spread, particularly the jet‑fuel...
The Bank of England detailed its cross‑border resolution framework, highlighting lessons from the 2023 failures of Silicon Valley Bank (SVB) and Credit Suisse. Using SVB’s UK subsidiary and Credit Suisse’s £506 billion (≈$632 billion) asset base, the BoE explained how coordination with...
JD.com’s property arm and partners have appointed Bank of America, DBS Group and UBS as advisers for a Singapore‑based real estate investment trust (REIT). The REIT, which will bundle assets from JD Property, Partners Group and EZA Hill, targets roughly...
The UK Financial Conduct Authority unveiled final rules for its motor‑finance redress scheme, setting the compensation bill at just over £9 billion (approximately $11.5 billion), down from earlier £11 billion estimates. Lloyds Banking Group alone faces a £2 billion ($2.5 billion) liability, while Close Brothers...
African banks generated roughly $99 bn in revenue in 2024, with McKinsey projecting $107 bn for 2025, marking the first time continent‑wide banking revenues topped $100 bn. Return on equity stood at 19% in 2024, well above the global banking average of about...
The Reserve Bank of India has deferred the rollout of new capital market exposure directions for banks until July, responding to industry requests. The move provides immediate relief to lenders and is expected to influence equity financing and stock valuations...
International Holding Company (IHC) has received regulatory clearance to buy a 41.5% stake in Sammaan Capital Limited for roughly $1 billion. The deal, executed in stages, will make IHC a promoter with board control, signaling a major private‑equity‑style entry into India's...
SoFi Technologies' shares have tumbled 35% year‑to‑date, trading at $16.90 after the digital bank reported record Q4 revenue but warned that inflation, oil price spikes and the lingering Iran conflict are dampening borrowing and spending. The decline highlights the clash...
JPMorgan Chase chief Jamie Dimon announced the American Dream Initiative, a multi‑year effort to boost economic opportunity for lower‑income Americans. The program will channel $80 billion into small‑business lending, mentor 115,000 owners, and add 1,000 bankers across 5,000 branches, targeting 10 million...
U.S. merchants paid a record $198.25 billion in credit and debit card swipe fees in 2025, according to the Merchants Payments Coalition. The total represents a 5.9% jump from 2024 and an 80% increase since the pandemic, with fees climbing 219%...
Modern client lifecycle management (CLM) software is emerging as a solution to the fragmented, multi‑system processes that banks use for prospecting, onboarding, compliance and ongoing relationship management. By unifying these stages on a single platform, CLM reduces the months‑long onboarding...
The OCC has seen a surge in U.S. bank charter applications, receiving more in the last six months than in the previous four years combined. Major foreign neobanks such as Brazil's Nubank, Europe's Revolut, and the Dutch Bunq are among...
PensionBee has welcomed the FCA’s proposal to regulate ESG ratings providers, calling it a long‑overdue step toward greater transparency. The retirement‑savings platform urged the regulator to adopt a proportionate, internationally aligned framework that reduces reporting burdens on smaller firms. It...
FinTech partnerships with credit unions surged nearly 20% last year, shifting from a supplemental tactic to a core modernization strategy. Credit unions favor these alliances for speed, with 56% crediting FinTechs for faster, larger‑scale innovation. Payments and data analytics dominate...
A February PYMNTS Intelligence report, conducted with Mastercard and surveying 412 U.S. SMB owners in December 2025, finds that nearly half of small and medium‑sized businesses are eager to cut reliance on cash and checks. Cash still dominates daily transactions,...
Royal Bank of Canada has launched a standalone AI Group, headed by Bruce Ross and reporting directly to the CEO, to accelerate the bank’s artificial‑intelligence agenda across retail, wealth and capital‑markets businesses. The group builds on RBC’s decade‑long AI foundation,...
In this inaugural episode of JPMorgan’s EMEA in Conversation, Stu Cofer and Alison Livesey discuss how Europe’s payments landscape is rapidly accelerating, driven by instant payments, evolving regulations like PSD3, and a push toward interoperability and programmable finance. They highlight...
UK mortgage approvals rose before the war triggered a rates surge https://t.co/sRgK0HpypM via @tomelleryrees https://t.co/o5w32DYwZ5
JD Power’s 2026 U.S. Retail Banking Satisfaction Study reveals a subtle erosion of customer loyalty despite a modest rise in overall satisfaction to 657 on a 1,000‑point scale. The study highlights a “soft switching” trend, with the average checking‑account holder...
Private‑credit spreads have tightened sharply over the past four years, now averaging under 600 basis points in both the United States and Europe. An oversupply of capital, renewed bank competition and the refinancing of high‑spread 2022 loans have driven the...
Wio Bank, launched in Abu Dhabi in 2022, is the region’s first fully digital, platform‑based bank backed by ADQ and FAB. It began with a focus on SME and creator banking and now serves over 400,000 customers, achieving profitability in...
The Australian Securities and Investments Commission (ASIC) has introduced a new legislative instrument, ASIC Corporations (Foreign Licensees and ADIs) Instrument 2026/121, replacing the 2016 version and running until April 1, 2031. The instrument exempts foreign AFS licensees from record‑keeping and audited financial statement...
The Reserve Bank of Australia will prohibit most credit‑ and debit‑card surcharges from 1 October, a move projected to save consumers roughly US$1.06 billion each year. At the same time, the RBA will cap interchange fees, lowering credit‑card rates to 0.3 % and...
The Finance Ministry reports that 99.92% of Indian villages now have a banking outlet—branch, business correspondent or India Post Payments Bank—within a 5 km radius, based on Jan Dhan Darshak data as of March 6, 2026. The government’s GIS‑based monitoring system tracks coverage and highlights...
Former Deutsche Bank asset‑wealth head Michele Faissola and four ex‑colleagues sued the lender in a London court for at least £473 million ($624 million), part of a broader claim of £664 million ($877 million). The lawsuit alleges they were wrongly blamed in a 2013...
