Page 15 - Banking

IDBI Bank Q1 net profit surges 17% to ₹2,007 crore on rise in other income

Its net interest income (NII) too declined two per cent to ₹3,166 crore in Q1 FY26, compared to ₹3,233 crore in the same quarter a year ago, IDBI Bank said in a statement

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

IDBI Bank Q1FY26 results: Net profit rises 16.75% to ₹2,007 crore

Operating profit increased by 13% in Q1FY26 to ₹2,354 crore as against ₹2,076 crore in Q1FY25

Retail loan growth sluggish for private banks in Q1, festive demand eyed

Five private-sector lenders, including the top three, reported single-digit growth in their retail loan books, dragging down overall loan growth during the quarter

HDFC Bank's loan growth will continue to improve going forward: CEO

Margins may fluctuate on a quarterly basis, but will stabilise over time, he said

IBA urges banks to speed up ISO 20022 shift to avoid payment issues

BA Chief Executive Atul Kumar Goel said it is essential for lenders to begin migration by August 2025 to ensure sufficient buffer time for monitoring ISO 20222 transaction volumes

After record issuances in FY25, infrastructure bonds lose their sheen

Infrastructure bonds, which were popular in FY25, have lost their appeal in FY26 as banks face stronger deposit growth and moderated credit demand, with issuances expected to be much lower this year

Axis Bank's Arjun Chowdhury resigns; Gambhir elevated to executive director

Axis Bank's senior leadership has seen churn lately. In June last year, Sumit Bali, group executive overseeing retail ­lend­­­ing quit and joined Yes Bank

UCB directors must probe management to boost governance: RBI's Swaminathan

RBI advises UCB directors to ask tough questions to senior management to ensure ethical, transparent, and prudent operations, aiming to prevent distress in the banks

Private sector bank chiefs take home hefty compensation cheques in FY25

Public sector banks' chiefs trail far behind, with the chairman of SBI, India's largest lender, earning a fraction of what private sector banks' chief executives make

India's retail asset-backed securities market shows potential for growth

The retail asset securitisation market is poised for moderate growth in FY26, as indicated by the volumes of ₹52,000 crore in Q1FY26 and a notable shift towards PTC issuances

HDFC, Axis Bank see sharp drop in attrition in FY25 amid training push

Attrition at HDFC Bank and Axis Bank declined in FY25 due to stronger employee engagement, women-focused retention efforts, and new learning and mentoring programmes

Bank of Maharashtra Q1 FY26 results: Profit rises 23% to ₹1,593 crore

The Pune-based lender had posted a net profit of ₹1,293 crore in the April-June period of the previous year

HDFC Bank CEO Sashidhar Jagdishan's plea to quash FIR adjourned to July 23

HDFC Ltd merged into HDFC Bank on July 1, 2023, creating a financial behemoth. The bank recalibrated its loan growth in FY25 to bring down the elevated credit-deposit (CD) ratio post-merger

Citi's India head of commercial banking exits after 25 years with bank

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

Confident of growing our advances on par with industry: HDFC Bank CEO

Jagdishan said that in the last financial year, the bank reported healthy growth while maintaining pristine asset quality, which has been its USP across business cycles

Amount parked in RBI's SDF window declines on back of VRRR auctions

The amount parked by banks in the Reserve Bank of India's SDF window has fallen significantly, driven by VRRR auctions, with the call rate aligning closer to the repo rate

Over 20 NPAs with ₹500 crore outstanding on sale by Punjab & Sind Bank, IoB

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

Indian Bank hands over sanction letters worth ₹1,011 cr to over 3,000 women

More than 3,000 women from various self-help groups across Tamil Nadu were part of the event

Loans against gold, silver pledge up to limit not norm violation: RBI

RBI clarifies that loans sanctioned by banks against voluntary pledges of gold and silver, up to the collateral-free limit, do not violate the central bank's guidelines on collateral