Page 2 - Anjali Kumari

Rising overnight rates may spur strong demand at RBI's liquidity auction

Festive cash withdrawals and tighter CRR requirements shrink surplus liquidity, prompting banks to seek short-term funds from the RBI

YES Bank sees no immediate need to raise capital after SC's AT1 verdict

The lender says its capital buffers, deferred tax assets and other options provide flexibility even as the reinstatement of Rs 8,415 crore in AT1 bonds may lower its CET1 ratio

Treasury gains shrink for banks in Q2 as rising yields hit trading books

Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.

Union Bank of India Q2 net profit rises 30.3% to ₹5,537 cr on strong NII

Net interest income grew 20.09% to Rs 10,583 crore, while provisions remained largely unchanged and asset quality improved despite a decline in non-interest income

IDBI Bank staff to hold two-day hunger strike against proposed Fairfax sale

Employees will stage a nationwide hunger strike on November 2-3, demanding that the government halt the proposed sale to Fairfax and retain majority ownership of IDBI Bank

YES Bank Q2 profit up 65% at ₹1,080 cr; AT1 ruling impact not yet reflected

On a pro forma basis, the SC ruling on AT1 bonds would result in a net loss of ₹5,217 crore for the quarter and Rs 4,146 crore for the half-year

IDBI Bank Q2 profit falls 39% to ₹2,205 crore on high base of NSDL gains

IDBI Bank's Q2FY27 net profit declined 39% to ₹2,205 crore due to a high base from an NSDL stake sale gain. Excluding the one-off, profit rose 14%

Central Bank of India Q2 profit rises 21% to ₹1,469 cr on strong NII growth

Interest income increased 18.45 per cent Y-o-Y to ₹10,357 crore, supported by a 27.6 per cent rise in interest earned on advances to ₹7,231 crore. Interest expenses rose 13.7 per cent to ₹6,211 crore

India's forex reserves fall for fifth straight week to $726 billion: RBI

Rupee's gains continue, reaching over a one-month high

Festival demand already picking up: Canara Bank CEO Brajesh Kumar Singh

Brajesh Kumar Singh says treasury and forex income should improve, while the bank aims to raise ₹8,500 crore in capital this fiscal

India's current account deficit narrows to $5.2 billion in August: RBI data

India's current account deficit narrowed to $5.2 billion in August from $6.1 billion a year ago, while strong banking capital inflows helped the BoP post a $45.4 billion surplus

RBI clarifies banks must maintain 20% FERR over and above CRR balance

RBI says banks must park a 20% forex risk reserve in CRR accounts over and above mandatory balances, as the new rules raise hedging costs and push up forward premiums

Rupee extends rally for fifth consecutive session as crude, dollar soften

The rupee gained for a fifth straight session to close at 95.06 against the dollar as crude oil prices and US yields eased, while forward premiums surged on FERR-related unwinding

RBI should curb non-essential LRS outflows, scrutinise ODI: SBI Research

SBI Research has called for curbs on non-essential foreign exchange remittances and closer scrutiny of overseas investments to ease rupee pressure amid global uncertainties

The fall and rise of IDBI Bank: From bad-loan crisis to the Fairfax deal

Improving India-Canada ties brought Fairfax back into play as IDBI Bank's recovery from a bad-loan crisis paved the way for a Rs 52,878 crore sale of a majority stake

Canara Bank Q2 profit rises 8.4%, treasury income drop weighs on growth

Canara Bank's Q2 net profit rose to Rs 5,175 crore as net interest income grew 20.4 per cent and provisions fell, while treasury income declined 68.5 per cent year-on-year.

Rupee gains for third straight session, closes at 95.16 on RBI support

The rupee closed at 95.16 per dollar, up 0.13 per cent, as RBI forex measures and Governor Sanjay Malhotra's comments lent support, while importer demand capped its gains

IDBI employees' forum seeks review of stake sale, flags valuation concerns

The IDBI employees' forum sought a halt to the proposed sale and disclosure of valuation details, while the government said employees' service conditions would remain unchanged

SME body seeks 90-day EDF filing relief for small service exporters

India SME Forum has asked the RBI to suspend recurring EDF filings for micro and small service exporters for 90 days while a simpler compliance mechanism is finalised

Rupee rallies to 1-month high on RBI curbs, but banks remain uneasy

The rupee gained 0.6% in October, mainly due to a series of steps by the RBI in the last few days to curb speculative bets