Axis Bank Q1FY26 net profit falls to Rs 5,806 crore as slippages surge and provisions rise; "technical impact" weighs on asset quality and return ratios
Vibha Padalkar discusses Q1 margins, policy trends, product mix and regulations
CEO Sashidhar Jagdishan says merger synergies, reduced credit-deposit ratio and aggressive but prudent deposit growth put HDFC Bank on strong footing for FY26-27
Citi confirms the departure of Bhanu Vohra, its India head of commercial banking, after 25 years with the bank. The firm is set to announce a successor soon
Punjab & Sind Bank and Indian Overseas Bank have put up over 20 non-performing accounts (NPAs) for sale, with a total principal outstanding of ₹500 crore, via a Swiss challenge auction
Bank credit growth slowed further to 9.5% YoY in the fortnight ending June 27, with deposits growing at 10.1%, outpacing credit growth, data showed.
In its quarterly business update, the bank reported 14 per cent year-on-year (YoY) and 4.2 per cent sequential growth in net advances to Rs 4.44 trillion in Q1FY26
The concern arises from the increasing misuse of some Jan Dhan accounts by fraudsters as "mule accounts" to carry out cyber fraud
Loan growth of country's largest private sector lender lagged that of industry
No threat of arrest till July 14 when Bombay HC will hear plea: Counsel
Mukul Rohatgi, representing HDFC Bank CEO Sashidhar Jagdishan, assures no threat of arrest, calls FIR "malafide" as Supreme Court defers case to Bombay High Court for hearing on July 14
SBI tags Reliance Communications' loan as fraud citing irregularities and fund misuse before CIRP and reports Anil Ambani to RBI as per central bank's compliance norms
According to Rao, the shift from fortnightly credit reporting to real time credit reporting requires investments in technology, process reengineering, and change management
Raj Kumar Talwar was the longest-serving SBI chairman, with his term spanning from 1969 to 1976
From its 1800s roots to today's banking giant, SBI marks 70 years since its birth
Private sector banks' gross NPA ratio was stable at 2.8 per cent while foreign banks saw a decline to 0.9 per cent from 1.2 per cent
In May, the bank's statutory auditors had flagged certain expenditure incurred by the whole-time directors without taking the board into confidence
Lower NIMs, slow credit growth, and high-cost deposits likely to add to its woes
India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report
Since 1991, RBI has played key role in averting crises that posed a threat to India's economy