Page 5 - Subrata Panda

Bajaj Finance consolidated net profit up 23% to ₹4,948 crore in Q2

Bajaj Finance's standalone profit fell 24% to Rs 4,251 crore due to higher loan loss provisions and a high base last year, even as consolidated profit rose 23% on robust loan growth

Private lender IndusInd Bank appoints Amitabh Kumar Singh as new CHRO

IndusInd Bank has appointed Amitabh Kumar Singh, a former ICICI Group executive, as its Chief Human Resources Officer, effective November 10, as part of its leadership expansion drive

RBI returns Jana SFB's application seeking universal banking licence

Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.

Kotak Bank's Q2 consolidated net profit down 11% YoY on higher provisions

The bank's net interest income (NII) rose 4 per cent Y-o-Y to ₹7,311 crore, while other income declined 4 per cent to ₹2,589 crore

Blackstone to invest ₹6,200 crore for 9.99% stake in Federal Bank

The Indian banking sector has seen a flurry of foreign investors investing in the sector of late. Last week, Emirates NBD announced that it will invest $3 billion for a 60% stake in RBL Bank

RBI proposes to allow banks to fund domestic, overseas acquisitions

Draft rules propose bank financing for domestic and overseas M&A, PSU divestments, and IPO subscriptions; framework to take effect from April 1, 2026

RBI flags geopolitical tensions as key risk to cross-border payments

The RBI and the Monetary Authority of Singapore (MAS) have operationalised the linking of their respective FPS - UPI and PayNow - respectively in 2023

Corporate advance growth for large banks robust in Q2 as demand picks up

Pickup driven largely by higher working capital demand

Private banks reduce lending rates more than PSBs in current cycle

Following the RBI's 100-bps policy rate cut, private banks showed faster transmission to lending rates, while PSBs led in passing on deposit rate reductions

Large pvt banks see green shoots, expect credit demand revival in H2FY26

Attribute this to fiscal, monetary measures

Recent SME IPOs saw sharp listing gains, quick reversal: RBI study

The SME IPO market in India witnessed a strong surge during FY24 and FY25, driven by retail participation, and favourable market sentiment

Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions

Revolut India is rolling out prepaid cards on the Visa network, and is planning to add 20 million customers in the next five years in the country

Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar

The $3 billion deal marks the largest cross-border investment in an Indian private lender, with plans to double RBL's branch network and boost market share

RBL Bank eyes large lender status on back of Emirates NBD's $3 bn offer

The $3 billion investment gives RBL Bank access to global expertise, fresh capital, and expansion opportunities in corporate, retail, and wealth banking segments

Emirates NBD to invest $3 bn in RBL Bank for up to 60% controlling stake

The proposed investment will be made through a preferential issue and is subject to regulatory approvals and customary closing conditions

HDFC Bank Q2 FY26 results: Net profit jumps 11% to Rs 18,641 crore

HDFC Bank has set up its own factory for some of the emerging technologies, says MD Jagdishan

IndusInd Bank reports Rs 437 cr loss in Q2 due to higher MFI provisioning

Provisions and contingencies of the lender jumped 45 per cent Y-o-Y to Rs 2,631 crore

Credit growth inches up to 11.4% in October 3 fortnight: RBI data

Data from the RBI show outstanding credit in the system stood at Rs 192.66 trillion, while deposits stood at Rs 240.98 trillion.

SBI raises ₹7,500 cr through Tier-II bonds at a tight coupon of 6.93%

The bonds have a tenor of 10 years, with a call option after five years and on each anniversary date thereafter. The bonds are rated AAA by domestic rating agencies

RBI initiatives helping cross-border trade, payments: Governor Malhotra

RBI Governor Sanjay Malhotra said linking UPI with global fast payment systems and building sovereign platforms will boost cross-border trade, improve efficiency, and lower costs