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HSBC India pre-tax profit increases 10.5% to nearly $1.9 billion

HSBC India's CY25 pre-tax profit rose 10.5% to $1.9 billion, led by strong corporate banking performance, as India became its second-largest Asian profit contributor after Hong Kong

IDFC First Bank pays ₹583 cr to Haryana govt after detecting fraud

IDFC First Bank refunds Rs 583 crore to Haryana government after detecting a Rs 590-crore fraud, engages KPMG for a forensic audit and works with authorities on recovery

Banks step up CD borrowing as deposits lag credit growth: RBI data

Fortnightly issuance hits ₹1.34 trn; outstanding at record ₹6.62 trn

Chandigarh branch fraud: IDFC First Bank to pay Haryana govt ₹590 cr soon

RBI Gov says issue not systemic; bank term it an isolated incident

Shares of AU SFB tanks nearly 7% on de-empanelment by Haryana govt

In a notification issued on February 18, the state government stated that no government funds will henceforth be parked, deposited, invested, or transacted through these banks

IDFC First calls Chandigarh fraud 'isolated' incident, says impact limited

IDFC First Bank says the Rs 590 crore fraud at its Chandigarh branch was an isolated case, suspends staff, appoints KPMG for forensic audit, and asserts it has adequate buffers to absorb the impact

IDFC First Bank reports ₹590 crore fraud at its Chandigarh branch

Affected accounts belong to Haryana govt ; 4 suspended

DFS secy urges banks to lower cost of borrowing for small-ticket biz loans

DFS Secretary M Nagaraju asked banks to lower borrowing costs for small-ticket business loans and expand credit, stressing PSBs' strong capital position and upcoming digital lending portals

SBI in talks with Japanese lenders for acquisition financing: C S Setty

It has nearly ₹1 trn capacity to lend towards this segment; bank to file prospectus with Sebi by March for SBI MF IPO

Indian Bank-led consortium looks to offload ₹738 cr bad loans of BLA Power

Lenders launch Swiss challenge auction with a ₹285 crore anchor bid, offering 39% recovery; counter-bids must be fully in cash

Banks take cautious approach to acquisition financing under new RBI norms

Banks are expected to move slowly on acquisition financing as RBI's conservative norms take effect, with exposure caps, leverage limits and valuation guardrails shaping early deals

LIC sets sights on sustained 60%-plus market share: MD & CEO R Doraiswamy

Doraiswamy says policy sales have gathered momentum after the goods and services tax (GST) rationalisation on individual life insurance premiums, increasing affordability for customers

Improving timely access to credit for MSMEs policy priority: RBI Guv

RBI Governor Sanjay Malhotra said enhancing timely and adequate formal credit access for MSMEs is a top priority, urging firms to formalise, maintain credit discipline and adopt digital payments

Don't see major impact of proposed mis-selling norms: Axis Max Life MD, CEO

Sumit Madan talks about RBI's proposed guidelines on mis-selling and their likely impact on the company and the sector, the firm's business plans going forward, among other issues

Short-term debt flows shifting from CPs to CDs on attractive returns

Rising CD yields and lower perceived risk draw investors away from CPs as banks ramp up short-term borrowings amid deposit tightness

SC spectrum ruling likely to weigh on IBC recovery from Aircel, RCom

Supreme Court says telecom spectrum cannot be treated as a corporate asset under IBC, a move bankers say will dent recoveries in Aircel and RCom cases

Bank credit growth accelerates to 14.6% in January 31 fortnight: RBI data

Bank credit rises 14.6% year-on-year in fortnight ended January 31, while deposit growth remains firm at 12.5%, RBI data show

RBI allows banks to lend to REITs; bars land acquisition financing

Draft norms cap bank exposure to 49% of REIT asset value and prohibit funding for land acquisition, even if part of a project

RBI draft mandates 60% C/D ratio for rural and semi-urban branches

Prioritise opening CBS-enabled branches in tier-5 centres

RBI's proposed mis-selling norms may hit credit life business of insurers

RBI's draft rules on bundling and consent could dent credit life insurance and bancassurance income, though insurers say overall impact will be limited