Banking Sector

With its capital adequacy ratio exceeding 18 per cent, Punjab National Bank has no immediate plans to monetise its subsidiaries, the bank's Managing Director and CEO Ashok Chandra said, adding that the lender will instead focus on strengthening their operations to unlock greater value in the future. PNB's capital adequacy improved to 18.13 per cent as on June 30, 2026, compared to 17.5 per cent at the end of the first quarter of the previous fiscal year. This is well above the regulatory requirement of 11.5 per cent. As the bank is well capitalised, the bank will not be raising any fund from the market to drive growth, Chandra told PTI in an interview. In fact this year, the bank will retire Rs 5,000 crore AT 1 and Tier II bonds, which are getting matured, he said, adding that this will help save Rs 300 crore as there would no longer be interest outgo on these papers. About monetisation of subsidaries or associates, Chandra said, "We don't have any plan now. In fact, we are ...

The country's largest lender received 89 bids and retained Rs 4,691 crore from the perpetual bond issue, marking the first AT-I issuance by a bank in FY27

According to the Finance Ministry, private sector banks accounted for nearly 70 per cent of the total minimum balance charges collected in FY26

Higher cyberattacks, rising claim severity and tighter regulatory scrutiny are prompting banks and financial institutions to significantly increase cyber insurance cover

The gross NPA ratio fell 112 basis points year-on-year to 1.57 per cent and the net NPA ratio declined 27 basis points to 0.36 per cent in the June quarter

Enthused by the consistent financial performance of the last four quarters, Punjab National Bank MD and CEO Ashok Chandra exuded confidence that the bank's profit would surpass the Rs 20,000 crore mark this financial year. The public sector lender had earned a net profit of Rs 16,904 crore in the previous financial year. From the second quarter of last financial year, the bank has been maintaining a net profit of over Rs 5,000 crore every quarter, Chandra told PTI in an interview. "We have maintained the same trend in the first quarter (ongoing financial year). And I am hopeful and confident that with the profitable growth, which is happening in the system....we will be surpassing the Rs 5,000 crore number and every quarter will be reaching a new height," he said. Asked if the bank can cross the Rs 20,000 crore mark during FY27 at this run rate, he said, "If I am telling that every quarter Rs 5,000 crore of net profit will happen, I think that goes to that figure which you are talk

Targets $1.2 bn FCNR (B) deposits, $2 bn overseas borrowing

The lender reported robust loan and deposit growth, improved asset quality and lower credit costs, while raising its return on assets guidance for FY27

The private lender's June-quarter earnings were supported by higher net interest income and lower provisions, while advances and deposits recorded healthy growth

CSB Bank on Wednesday reported a 27 per cent increase in the June quarter net profit at Rs 150 crore aided by core income. The private sector lender had earned Rs 119 crore profit in the year-ago period. Total income improved to Rs 1,516 crore from Rs 1,286 crore a year ago. Interest income grew to Rs 1,287 crore from Rs 1,041 crore, CSB Bank said in a regulatory filing. The bank's net interest income also increased 26 per cent to Rs 479 crore from Rs 379 crore in the same quarter in the previous financial year. The bank's asset quality improved as Gross Non-Performing Assets (NPAs) fell to 1.75 per cent of gross advances as of June 30, 2026, from 1.84 per cent a year ago. Similarly, net NPAs, too, declined to 0.39 per cent from 0.66 per cent at the end of the first quarter of the previous financial year. As a result, provisions and contingencies eased to Rs 49 crore from Rs 61 crore earmarked during the same quarter a year ago. The bank's capital adequacy ratio declined to 19.

Currently, only State Bank of India, the country's biggest lender, and private-sector leader HDFC Bank Ltd. rank in the top 100 global sector list by total assets

Expect govt to also undertake minority stake sale in bank this year

SBI plans to deepen its presence in Eastern Uttar Pradesh by expanding digital banking, MSME and farm lending, while supporting tourism and ODOP industries

With a ₹40 trillion economy in sight, Uttar Pradesh is driving banking growth through rising deposits, credit expansion, financial inclusion and infrastructure-led investment

The Governance, Nomination and Remuneration Committee is expected to conclude the process soon before the proposal is sent to the RBI for regulatory approval

We've also seen significant sector rotation over the past few weeks, making it difficult for fund managers to stay positioned across every segment, says B. Gopkumar, MD & CEO of Axis Mutual Fund.

RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings

Some foreign banks are offering leverage of up to 19 times FCNR(B) deposits to attract NRI funds as lenders intensify mobilisation efforts under the RBI's special scheme

Analysts at Emkay Global Financial Services believe that banks are likely to begin FY27 on a healthy note, with strong loan growth and resilient asset quality and treasury income gains.

HDFC Bank on Wednesday said RBI has approved appointment of former Chief Election Commissioner Rajiv Kumar as part-time chairman of the bank for a period of three years. His appointment comes into effect from July 15, 2026, HDFC Bank said in a regulatory filing. Interim chairman Keki Mistry continues to be a non-executive non-independent director of the bank, it added. Kumar is former Chief Election Commissioner of India and Finance Secretary. Kumar had been instrumental in revitalising public sector banking and the financial sector as Secretary Department of Financial Services between 2017 and 2020. Within a fortnight of Kumar joining Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen, hitting at the architecture of black money itself. Curbs on ponzy schemes followed. Through decisive policy direction and execution, Kumar led a comprehensive clean-up of bank balance sheets by mandating transparent recognition and provisioning of NPAs and by