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
In this episode of FinTech Confidential, host Ted Huff talks with Niv Liren, Chief Product and Technology Officer at Unser, about the company’s ambitious effort to merge 13 acquired payment and commerce solutions into a single unified platform serving over 85,000 European merchants. Niv explains how Unser tackled the technical challenge by using Kafka as a data bus to stitch together disparate systems, while also handling complex multi‑jurisdictional tax, compliance, and language requirements. He emphasizes a merchant‑first migration strategy that keeps legacy gateways running in the background while gradually shifting users to the new platform, offering incentives like Apple Pay and dedicated engineering support. The discussion highlights the broader trend of consolidation in the payments industry and the importance of building simple, real‑world solutions that solve merchant pain points without adding new complexity.
MobiFone Digital Payments (MDP), a joint‑stock company backed by MobiFone Telecommunications, received a State Bank of Vietnam license on November 27, 2025 to offer financial switching, electronic clearing, payment gateway and collection services. The launch aims to build Vietnam’s fourth‑generation...
Just joining the complex Apple Card ecosystem? It's smart to learn how to move your money around, including funding your Apple Cash. Here's a primer that explains how everything interrelates and how to maximize your rewards: https://t.co/ZPP9OBmb9Y #applecard #applecash #banking...
The Bank of England reports the biggest month‑on‑month rise in UK mortgage approvals since November, indicating renewed buyer interest. Approvals are up roughly 15 % year‑over‑year as lower rates improve affordability compared with a year ago. Yet borrowing costs have jumped...
Hong Kong's IPO market, which raised nearly $14 bn in the first quarter – its best since 2021 – is now confronting regulatory warnings, a shortage of deal‑banking staff and Beijing's new restrictions on Chinese listings, dampening investor appetite and putting...
Finance Minister Olawale Edun said Nigeria will aim for 7% annual GDP growth and needs roughly $14 bn each year to close its infrastructure deficit. The pledge, backed by the Islamic Development Bank’s $2.4 bn support, is tied to broader reforms in...
The Small Business Administration has restricted its loan programs to U.S. citizens and nationals, ending eligibility for green‑card holders. The change could cut off financing for up to 220,000 California small‑business owners, representing 40% of the state’s entrepreneurial base and...
Macro: AmEx wins NFL payments deal replacing Visa; Key: exclusive card perks, new co‑branded card & international reach; Risk: marketing ROI/FX; Trade: buy AXP on expected revenue lift. 📈 — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
The Financial Conduct Authority (FCA) is taking direct control of anti‑money‑laundering (AML) oversight, shifting from rule‑making to active supervision. It will demand law firms adopt real‑time risk monitoring and integrate up‑to‑date data, mirroring the approach used with financial‑services firms. Between...
The Xactus Mortgage Intent Index dipped this week. Three down weeks in a row and below last year now. Xactus is counting credit pulls, so it includes refis. I've found this data to correlate well with the pending sales rate, though...
On March 16, Piper Sandler initiated coverage of Dime Community Bancshares (DCOM) with an Overweight rating and raised its price target to $37, up from $36. The brokerage cites a recovering net interest margin and anticipates significant loan repricing in...
Morningstar DBRS finalized provisional ratings for FIGRE Trust 2026‑FL1 mortgage‑backed notes, assigning AAA to the $222.6 million Class A‑1 tranche and AA to the $28.7 million Class A‑2 tranche, among others. The transaction backs $274.6 million of first‑lien HELOCs originated by Figure, with...
![[Payments Arriving] Evolve Bank & Trust Data Breach + $20 Settlement](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://www.doctorofcredit.com/wp-content/uploads/2024/07/evolve-data-breach.png)
Evolve Bank & Trust disclosed a ransomware breach in May 2024 attributed to the LockBit criminal group. An employee’s click on a malicious link allowed attackers to download customer data and encrypt files, though backups limited operational loss and no...
The episode examines the rapid growth of commercial lending by credit unions, highlighting how regulatory changes since the 1990s—especially the 2016 waiver process and the rise of low‑income designations—have allowed many credit unions to exceed historic lending caps. Dan Brown...
The U.S. Treasury, via FinCEN, has issued a proposed rule to formalize a whistleblower program that rewards individuals for tips leading to financial‑crime enforcement. Under the draft, whistleblowers could earn 10 % to 30 % of penalties collected in successful fraud, sanctions...
Chris Schneider of Nicolet National Bank told Brownfield that agricultural operating loans are growing as input costs rise, yet loan amounts per acre have stayed relatively flat. He urged farmers to trim controllable expenses, noting that cutting many small costs...
The Bank of England has opened nominations for a new RTGS CHAPS Industry Forum, seeking about 15 senior external members from banks, fintechs, large corporates and other stakeholders. The advisory body will help shape the design, development and operation of...
U.S. Bank announced it will extend its home‑improvement loan terms from five years to six or seven years, targeting larger renovation projects. The move is designed to address growing affordability concerns among American households as home‑improvement spending stays above $600 billion...
A Wells Fargo survey of 3,700 U.S. adults reveals that 86% have altered their spending habits and two‑thirds are delaying purchases or payments as money anxiety rises. While 84% would rather give up social media for a year than abandon banking...
Dah Sing Banking Group announced a 20.2% increase in FY25 profit to HK$2.48 bn, powered by a 10.2% rise in net interest income, while also lifting its dividend. The earnings lift lifted the stock 1.3% in Hong Kong trading.
Nigeria’s central bank unveiled a Payments System Vision at the Africa Capital Forum, prompting fintechs to rush for banking and payment licences. The move coincides with $706.84 million of foreign capital entering the country’s banking recapitalisation, underscoring the high stakes for...
American Express announced that the $100 annual Shop Saks credit on the U.S. Consumer Platinum Card will be discontinued for all members starting July 1, 2026. Existing cardholders can still receive up to $50 in Saks statement credits through June...
The Federal Deposit Insurance Corporation announced an open meeting scheduled for April 7, 2026. The notice invites public attendance and directs inquiries to Executive Secretary Debra A. Decker via email. The FDIC, an independent agency, emphasizes its role in maintaining stability, insuring deposits, and...
LoanDepot has launched Olive Branch Home Loans, a mortgage affiliate for West Texas builder Betenbough Cos., which sells over 2,000 homes annually across eight sales centers. The partnership gives Betenbough access to LoanDepot’s wholesale infrastructure, technology and customer‑service expertise while...
Capital One has re‑launched its Venture card promotion, offering a $250 travel credit for the first year and a 75,000‑point bonus after spending $4,000 within the first three months. The card carries a $95 annual fee that is not waived,...
The European Central Bank has raised concerns about the banking credentials of Fabrizio Palermo, the ACEA CEO nominated by Monte dei Paschi di Siena (MPS) to replace Luigi Lovaglio. Palermo’s experience stems from leading the state‑owned Cassa Depositi e Prestiti,...
Switzerland’s payment landscape remains dominated by cash and debit cards, with mobile wallets such as Apple Pay and Twint capturing only 17% of transactions in 2025, a slight decline from the previous year. Debit cards lead at 37% of all...
Deutsche Bank has filed a pre‑foreclosure suit against the 500,000‑square‑foot Kaufman Astoria Studios in Queens, alleging a $359 million loan default. The loan, originally $340 million taken in 2021, was guaranteed by Michael Hackman, whose partnership with Hackman Capital also bought the...
The Ninth Circuit Court of Appeals denied Flagstar Bank’s request for a full‑panel rehearing, leaving in place its earlier ruling that upheld California’s interest‑on‑escrow law. The decision was celebrated by the Conference of State Bank Supervisors (CSBS), which used the...
Italian Data Protection Authority fined Intesa Sanpaolo €31.8 million ($36 million) for unauthorized access to over 3,500 customers' data between February 2022 and April 2024. The regulator cited serious shortcomings in technical and organizational safeguards, noting that internal controls failed to detect the breach....
Congress is moving ahead with the GENIUS Act, establishing a federal framework for dollar‑backed stablecoins that includes reserve backing, consumer protection, and cross‑border efficiency. The White House and Treasury have labeled these stablecoins as the next wave of payment innovation...
Anti‑Money Laundering (AML) training is now a strategic imperative for financial firms, serving both regulatory compliance and risk mitigation. Programs that blend in‑person workshops, e‑learning modules, gamified simulations, and emerging technologies such as AI and virtual reality improve engagement and...
The Consumer Financial Protection Bureau (CFPB) has opened a public comment period to reinstate two information collections: the Mortgage Acts and Practices—Advertising (Regulation N) and the Interstate Land Sales Full Disclosure Act (Regulations J, K, and L). Regulation N requires lenders and advertisers to retain mortgage...
BetMGM announced it will no longer accept credit‑card payments for its online sportsbook, following a Pennsylvania regulator‑imposed settlement over fraud and inadequate identity verification. The Pennsylvania Gaming Control Board fined the operator $100,000 after uncovering schemes where fraudsters opened hundreds...
Federal Reserve Chair Jerome Powell told a Harvard audience that private‑credit markets are experiencing a correction but pose no immediate contagion risk to the broader financial system. He said the Fed is closely monitoring any links to banks and finds...
Abu Dhabi has merged its state‑owned fund ADQ into the newly created sovereign wealth fund L Imad, boosting the latter’s assets to roughly $300 billion. The consolidation places the fund under the direct supervision of Crown Prince Sheikh Khaled bin Mohammed bin...
When Conversational AI Meets the Courtroom: Why Expert Witnesses Matter for Financial Services Question: if agentic AI becomes standard for financial advice, who's liable when the agent hallucinates? Expert witnesses assess training data + logs to reconstruct chatbot behavior, determine foreseeability...
Americans do have the right to know exactly where our tax dollars are going. Test out a CBDC on the government https://t.co/670p3X4NoE
The UK Financial Conduct Authority (FCA) announced a reduction of roughly £2 billion (about $2.5 billion) from the car‑finance redress costs that banks must pay. The cut applies to the collective settlement aimed at compensating consumers mis‑sold car loans and leasing products....
Customers expect their financial institution to use the data they already have to help them, not just react when problems occur. If your bank isn’t proactive, someone else will be. https://t.co/lAKdvKwfQg
Good episode from Goldman on private credit. They forecast outflows from retail channel for direct lending into 2027 https://t.co/eP2DhDcZhr
The Bangko Sentral ng Pilipinas (BSP) announced plans to broaden its Comprehensive Credit and Equity Exposures Report (COCREE) to cover non‑bank financial institutions, including savings‑loan associations, credit‑card firms, and government‑linked lenders. Reporting for the newly covered entities will begin for...
With each passing day, the mortgage rate lock-in effect fades. Nearly 22% of mortgage holders now have a rate above 6%. Which is more than the share with a rate below 3%. Ultra-low-rate owners are slowly getting replaced with 6%+ owners. Meaning...
Kind of crazy, given Wells Fargo’s history, that Bilt users had to opt OUT of receiving a WF card during the “Bilt 2.0” transition https://t.co/j8RxDGWQh5
The Treasury Department’s Office of Financial Research (OFR) is slated to shrink from 196 employees to roughly 70, a 64% reduction announced by its director in early March. Created under the 2010 Dodd‑Frank Act to gather data and issue early...
The neobank era taught us one thing: People don't want to think about money Agentic finance takes that to its logical conclusion Zero cognitive load Zero manual intervention Zero friction We're not building better apps We're building systems that make apps obsolete
On 30 March 2026 Germany published the Banking Directive Implementation and Bureaucracy Relief Act (BRUBEG), transposing the EU’s CRD VI into national law. The act introduces new market‑access rules for third‑country credit institutions, tighter notification and approval thresholds for bank M&A, and enhanced...
The European Union’s Capital Requirements Directive VI (CRD VI) is now being harmonised across the EEA, reshaping how third‑country banks access the EU market. Germany’s existing BRUBEG regime is already stringent, and the new rules will curb individual waivers that conflict with...
Wirex has deepened its partnership with Crossmint to fuse its card‑issuance platform with Crossmint’s smart‑wallet and stablecoin‑orchestration layer. The integration lets fintechs and consumers spend stablecoins directly from digital wallets without juggling separate wallet and card providers. Crossmint will manage...
