Banking news for May 2026
Vinay Tonse takes charge as YES Bank MD & CEO YES Bank has appointed Vinay Muralidhar Tonse as its Managing
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governance
From the Desk of Editor-In-Chief for May 2026
The Reserve Bank of India’s recent move to introduce revised provisioning norms marks a significant step towards reinforcing the resilience
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Reshaping the Operations of Public Sector Banks in India
Public Sector Banks (PSBs) have played a pivotal role in shaping India’s financial system and supporting the country’s economic development
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Indian economy and banking sector remain stable: Official
India’s economy continues to demonstrate strong growth momentum while the banking sector remains stable and resilient, according to statements made
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Indian banks may face pressure from thinner margins
Indian banks may need to adapt to a future of thinner profit margins as the country’s economy becomes wealthier and
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Former UCO Bank executive appointed MD of Bombay Mercantile Co-op Bank
A former Executive Director of UCO Bank has been appointed as the Managing Director of Bombay Mercantile Co-operative Bank, reflecting
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RBI revises framework for bank capital strength calculations
The Reserve Bank of India has revised the regulatory framework governing how banks calculate and maintain capital strength, reflecting ongoing
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Karnataka Governor’s office seeks lifting of KSOU bank account freeze
The office of the Governor of Karnataka has reportedly written again to the state government seeking the removal of restrictions
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Government Bars ‘Mythos Testing’ in Banks to Strengthen Governance
The Government of India has prohibited the use of so-called “mythos testing” practices in banks, reinforcing its commitment to ethical
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RBI Finalises Lending Norms for Urban Co-operative Banks
The Reserve Bank of India (RBI) has notified final lending guidelines for Urban Co-operative Banks (UCBs), aimed at strengthening credit
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