Banks

Following privacy concerns, NPCI has asked UPI apps to hide phone numbers and make username-based payment IDs the default for new users

Three US law firms have launched preliminary investigations into HDFC Bank after reports of alleged payment irregularities. But does this mean the bank has been sued?

Tamilnad Mercantile Bank (TMB) on Monday reported a 35 per cent jump in net profit to Rs 412 crore for the first quarter ended June 30 on improvement in its core income. The bank had a net profit of Rs 305 crore in the June quarter of the previous fiscal. The total income rose to Rs 1,901 crore during the June quarter of the current fiscal year from Rs 1,617 crore in the same quarter of FY26, TMB said in a regulatory filing. Interest earned by the bank improved to Rs 1,662 crore, as compared to Rs 1,386 crore in the June quarter of FY26. Net Interest Income of the bank rose by 32 per cent to Rs 765 crore from Rs 580 crore in Q1 of the previous financial year. In a post-result interaction with media, Tamilnad Mercantile Bank MD and CEO Salee Sukumaran Nair said the bank is exploring an option of opening a representative office overseas to mobilise deposits from NRIs. With regard to IT spending, he said the bank would spend Rs 280 crore on improving infrastructure, mobile app etc.

Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options

Corporate India's Q1FY27 earnings season has kicked off on a strong note. Early results show the fastest profit growth in 11 quarters, driven by banks, Reliance Industries, IT services and metal.

Benchmarks end lower; ICICI Bank bucks the trend, PNB shine

Retail loan disbursements strengthened across banks in Q1 FY27, while corporate credit demand remained firm, driven by working capital needs, refinancing and a shift from bond markets

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

Banks booked modest treasury gains in Q1FY27 despite softer bond yields as they pared excess SLR holdings and sold government securities to support credit growth

Banks have largely agreed on Vodafone Idea's financial projections but want stronger promoter guarantees before approving ₹35,000 crore in fresh funding

PNB says its low credit-deposit ratio gives enough room to sustain loan growth, delaying aggressive deposit mobilisation while focusing on margins

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.

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight

ED freezes TMC bank deposits worth Rs 440 crore under the PMLA after searches in an alleged funds misappropriation case involving Carewell Aviation

SBI is the only domestic bank to participate in the loan syndication

In a significant verdict, the Supreme Court on Tuesday held that banks and the Indian Banks' Association (IBA) cannot put the advocates in the "caution list" merely on allegations of professional negligence. Reinforcing the independence of the legal profession, a bench of Justices P S Narasimha and Alok Aradhe held that blacklisting lawyers amounted to an impermissible encroachment upon the statutory disciplinary jurisdiction of the Bar Councils. "We direct the Bar Council of India to constitute a team of senior and junior lawyers as well as experts in the field of establishing academic institutions for considering, discussing and evolving the idea of establishing National Legal Academy (for lawyers). "We hope and trust the BCI will rise to the occasion and reflect on all these issues and inform the court of its decision," Justice Narasimha, who authored a 41-page judgement, said. The verdict clarified the scope of judicial review under Article 226 of the Constitution and held that

Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand

Financial Stability Report says banks face funding pressure as deposits shift to costlier sources, while larger housing loans gain share and household debt continues to rise

Rupee sees strongest monthly rise since West Asia war started