Anupreksha Jain

Aditya Birla Capital posts 40% rise in Q1 profit, raises ₹4,000 crore

The financial services group reported broad-based growth across lending, asset management and insurance businesses, with most fresh capital earmarked for NBFC expansion

Bajaj Finserv Q1 profit rises 18% as lending businesses drive growth

Strong growth in Bajaj Finance and Bajaj Housing Finance lifted Bajaj Finserv's Q1 earnings, while weaker profitability weighed on its insurance businesses

Gold loan delinquencies may rise under new RBI repayment norms: Icra

Organised gold loans by banks and NBFCs are expected to cross Rs 30 trillion by March 2028, while lenders adjust to revised RBI repayment and LTV norms

Rupee dips to 96.57/$, a 2-month low as crude oil surge weighs on sentiment

Escalating tensions in West Asia lifted crude oil prices to a six-week high, while likely RBI intervention through state-owned banks capped losses in the rupee

Retail loan growth improves in Q1, corporate demand stays firm: Equirus

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

IDBI employees' forum opposes stake sale to Fairfax, seeks review

The employees' forum urged the government to disclose the strategic sale proposal, preserve public ownership of IDBI Bank and hold a parliamentary discussion before any decision

YES Bank Q1FY27 profit jumps 34% to Rs 1,071 crore on healthy loan growth

Net interest income rises 18 per cent, advances grow 18.3 per cent and gross NPAs fall to 1.3 per cent as the lender reports broad-based business momentum

Piramal Finance eyes 25% unsecured loan mix in 2-3 years: MD & CEO

The NBFC plans to expand unsecured lending, gold loans and rural finance as improving asset quality and strong retail demand support its FY27 growth plans

Poonawalla Fincorp Q1FY27 results: PAT jumps nearly fivefold to ₹308 crore

The NBFC reported strong growth in profit, AUM and net interest income in Q1FY27, while asset quality improved and secured loans accounted for over half its portfolio

Jio Financial Services Q1 PAT jumps 156% on strong lending, payments growth

Total income, excluding dividend income, rose 141 per cent YoY to Rs 1,496 crore. Including dividend income, profit before tax more than doubled to Rs 970 crore, up 131 per cent from a year earlier

Piramal Finance Q1 PAT jumps 67%; board clears ₹4,000 crore fund raise

NBFC reports strong June-quarter earnings on robust retail loan growth and higher net interest income, while its board approves a fund raise of up to Rs 4,000 crore

Former LIC CFO Sunil Agrawal appointed SBI chief financial officer

State Bank of India has appointed former LIC finance chief Sunil Ramgopal Agrawal as chief financial officer. He will take charge from August 1, 2026

Union Bank Q1 profit rises 29.5%; eyes up to $300 mn overseas borrowings

Union Bank of India reported a 29.5 per cent rise in first-quarter profit and said it aims to raise up to $300 million overseas while targeting $2 billion in FCNR(B) deposits

Union Bank of India's Net profit rises 29.5% YoY for Q1FY27; NII up 10%

Union Bank of India's Q1FY27 profit rose nearly 30 per cent as net interest income grew, margins improved and asset quality strengthened during the June quarter

Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge

The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets

Setting the agenda: RBI directs bank boards to sharpen strategic focus

The revised framework, effective October 1, 2026, requires bank boards to define reserved matters, review delegated powers and devote greater attention to strategy and risk governance

Leverage advanced tech to reduce costs, RBI Governor Malhotra tells banks

Takes stock of FCNR (B) deposit mobilisation

Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment

The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

Tata Capital enters gold loan business with Yogloans acquisition

Tata Capital will acquire an 88.6 per cent stake in Kerala-based Yogloans, marking its entry into the gold loan business and expanding its retail lending portfolio