Page 6 - Anupreksha Jain

Canara Bank net profit rises 22% on healthy growth in other income

Canara Bank reports a 22% rise in Q1FY26 net profit, buoyed by a 32.73% YoY increase in other income, despite pressure on its net interest margin

Mahindra Finance Q1FY26 results: Net profit rises 3% to ₹530 crore

Mahindra Finance posted a 3% increase in net profit for Q1 FY26, but a 6% decline on a sequential basis. Total income grew by 18% YoY to Rs 4,438 crore

Not mandatory for customers to opt for digital banking: RBI draft norms

Further, the norms stated that banks should obtain consent from customers for providing digital banking services

Central Bank of India Q1 results: PAT jumps 33% to ₹1,169 cr on lower NPAs

The total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory filing

Jio Financial Services profit up 4% at ₹325 crore as expenses rise

Jio Credit Limited, the flagship arm of JFS, reported assets under management of ₹11,665 crore, up from ₹217 crore in Q1FY25

Education loan growth at NBFCs to slow to 25% in FY26 on US visa curbs

The share of US in overall education loan portfolio has come down to 50% as on March 31, 2025, from a peak of 53% on March 31, 2024, and is expected to go down further over next few years

Govt banks step up efforts to bridge linguistic chasm with customers

State-owned banks are prioritizing local language skills in their hiring to improve customer service and reduce language barriers, with Bank of Baroda and SBI leading the way

Wooing depositors: PSBs waiving minimum account balance penalties

May raise risk of increasing dormant accounts in the system

Muted loan growth, margin woes may weigh on listed banks' Q1 profits

On a sequential basis, profit after tax may decline by 2.2 per cent, due to pressure on interest margins and muted credit growth

Retail loan origination slows down in FY25 amid multiple headwinds

Home loan originations slowed down to 2.7 per cent in FY25, compared to 9.9 per cent in the previous year due to higher property prices and macroeconomic challenges

NBFC's micro loan stress increases in FY25, says RBI report

RBI's FSR shows NBFCs' stressed assets rose sharply as write-offs jumped and credit risks increased, especially in small-ticket personal loans below ₹50,000

From BoB to Indian Bank, PSBs report double-digit credit growth in Q1

Bank of Baroda, Indian Bank lead state-owned lenders' strong credit expansion in April-June, while deposits grow at a slower pace

RBI's prepayment penalty ban poses bigger hit for NBFCs, say experts

NBFCs have around 5-25 per cent of their AUM under floating rate micro, small, and medium enterprises (MSMEs) loans which will be impacted as majority of them charge 2-5 per cent prepayment penalties

Karnataka Bank shares recover after CEO, ED resign; bank reassures clients

In May, the bank's statutory auditors had flagged certain expenditure incurred by the whole-time directors without taking the board into confidence

Credit growth may remain subdued despite 100 bps policy repo rate cut

Banks await reduction in CRR, and festival season loan demand

States, UTs may borrow ₹2.87 trn via govt securities in Q2, says RBI

Bond market participants said that the borrowing amount for both state government securities and T-bills was tad lower than the expected

MSME Credit top ₹40 trn; growth in active loans slowdown in FY25: CRIF

Credit to MSMEs grew 20% in FY25 to ₹40 trillion, driven by PSL norms, digitisation, and government support, even as active loan growth and term loan share moderated

RBI extends trading hours of call money, repo, tri-party repo markets

Central bank extends interbank call money hours to 7 pm from July and repo, TREP market hours to 4 pm from August

Share of public sector banks in CD issuances rises to 69% in 2024: RBI

Public sector banks accounted for 69 per cent of CD issuances by Dec 2024, up from 6 per cent in 2022, with Q4 FY25 issuance reaching an all-time high of Rs 3.7 trillion

Rupee expected to depreciate to 87 per dollar by July-end: BS Poll

The rupee settled at 86.59 per dollar on Friday. Crude oil prices remain a significant idiosyncratic risk for the rupee, said market participants