Saugata Bhattacharya, external MPC member, spoke on the scope for further rate cuts and how the RBI's foreign exchange market interventions could influence the policy path going forward
Simultaneous fiscal and monetary tightening hurt growth and earnings, but momentum is returning, says Axis Bank's Neelkanth Mishra, signalling a possible market turnaround
Indian banks are struggling to balance deposit mobilisation and margin protection after the RBI's latest rate cut, as savers shift away from banks even as credit growth remains strong
Amitabh Chaudhry discusses RBI's new norms, potential capital infusion into Axis Finance, margin pressures, deposit trends, credit growth and regulatory changes shaping Indian banking
According to SBI, with the new YONO app and internet banking now operating on a unified backend architecture and sharing the same user interface, customers will experience seamless omnichannel
Sources said the state-owned institution was looking to raise funds at a similar level but investors wanted a higher cut-off. As a result, it decided to scrap the issuance
Centrum Group Chief Jaspal Bindra outlines unity bank's expansion strategy, universal bank ambitions and IPO timeline, alongside plans for portfolio diversification and capital strength
Growth remained largely stable on a sequential basis, however. Portfolio growth continued to outpace borrower expansion, signalling a shift toward larger ticket-size loans and maturing profiles
Bank of India raised Rs 2,500 crore via 10-year tier II bonds at a 7.28 per cent cut-off with a call option after five years; HUDCO raised Rs 1,905 crore via seven-year bonds at 6.98 per cent
IndusInd Bank has made key leadership appointments, naming a new CHRO, chief data officer, head of wholesale banking and an MD and CEO for Bharat Financial Inclusion, its microfinance subsidiary
Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core