Page 8 - Anupreksha Jain

Canara, Union Bank announce special deposit schemes to boost growth

The product offers a flexible benefit system like charge waivers and concessions which is linked to the previous month's Monthly Average Balance (MAB)

State-run banks cautious; target modest 11-13% credit growth in FY26

Bankers said credit growth is expected to be sluggish in FY26 owing to weaker demand across unsecured loans, mortgages

NIM will be under pressure in first 2 quarters of FY26: Canara Bank MD, CEO

Corporate credit growth was around 10 per cent in FY25 and this year also we will maintain the same

Policy rate cut to put more pressure margins: Union Bank of India MD & CEO

Union Bank Q4 profit rises 50.57 per cent year-on-year, but net interest margin dips to 2.87 per cent as RBI repo rate cuts begin to impact lending margins

A, BBB-rated NBFCs face sharper slowdown amid asset quality stress

Lower-rated NBFCs face increased credit cost, lagged funding relief and rising losses in unsecured segments as overall loan growth slows down, says India Ratings

Canara Bank Q4FY results: Net profit rises 33% to Rs 5,004 crore

Canara Bank posted a 33 per cent YoY rise in Q4 net profit to Rs 5,004 crore as other income rose 22 per cent while margins came under pressure amid rate cut transmission

Canara Bank Q4 net profit rises 33% to Rs 5,004 crore despite NIM drop

Canara Bank posts strong Q4 profit growth driven by other income as NII dips 1.44 per cent and net interest margin narrows to 2.73 per cent amid higher cost of funds

Bank spread narrows to 10-year low of 2.71% in March: CareEdge

Lending-deposit rate spread for banks dropped to 2.71 per cent in March, driven by lower lending rates amid reduced high-yield loan exposure and RBI rate cuts

Well capitalised, can sustain growth for at least next 3-5 years: BoB CEO

The profitability would be sustained this year as we expect improvement in net interest income owing to change in liquidity and interest rate trajectory

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

Bank of Baroda Q4 results: Profit marginally rises 3.3% to ₹5,048 crore

The bank's treasury income doubled in the quarter ended March to ₹1,559 crore from ₹753 crore in Q4FY24

Draft gold loan guidelines may slow down NBFCs' loan growth, says Crisil

The draft guidelines propose that the loan-to-value (LTV) ratio be maintained within a ceiling of 75 per cent throughout the loan tenure, including both principal and accrued interest

RBI adds 58 metric tonnes of gold in FY25; share in reserves nears 12%

RBI added nearly 58 tonnes of gold in FY25, with most stored abroad; gold now accounts for close to 12 per cent of total foreign exchange reserves

Banks remain cautious in lending to NBFCs despite risk weight reversal

Despite RBI's decision to revert risk weights on NBFC loans from April 1, banks continue to exercise caution, limiting credit access to mid-sized NBFCs and MFIs

SBI Q4 results: Net profit falls by 9.9% Y-o-Y to Rs 18,643 crore

For the full FY25, SBI posted record net profits of Rs 70,901 crore, showing 16.08 per cent Y-o-Y growth. Board approves Rs 25,000 crore of equity capital raise in FY26

Banks stare at Bhushan Power & Steel again after SC liquidation order

Lenders may need to reverse recoveries from JSW's resolution plan for Bhushan Power & Steel as Supreme Court orders liquidation, triggering fresh provisioning concerns

Poonam Gupta takes charge as RBI Deputy Governor, to join MPC in June

Poonam Gupta will oversee Monetary Policy, Research and Financial Stability departments at RBI and joins MPC as India debates targeting core versus headline inflation

Power Finance Corporation shelves bond issuance plan amid lacklustre demand

PFC received 59 bids worth ₹5,763.51 crore for the zero-coupon bond, maturing in 2035

Rupee hits 5 month high; logs biggest single-day gain in 29 months

10 year govt bond yield fall 23 bps in April

PNB Housing Finance eyes retail book of Rs 1 trillion by FY27: MD & CEO

Roshni is a product of PNB Housing Finance which promotes affordable housing, especially among first-time buyers