Page 17 - Banking

Credit growth inches up to 9.8% as deposit growth continues to outpace

At 10.1%, deposit growth continues to outpace credit, although the gap has narrowed to 300 basis points

New national policy on cooperatives calls for apex bank for the sector

India has over 800,000 cooperative societies, comprising around 200,000 cooperatives and 600,000 non-credit cooperatives

Bank of Baroda Q1FY26 results: Net profit up 1.9%, margins compress

Bank of Baroda's Q1FY26 net profit rises 1.9%, aided by treasury income, while pressure on net interest margin continues

TMB's net profit up 6% in Q1, driven by strong lending and deposit growth

Tamilnad Mercantile Bank's net profit hits a record Rs 304.9 crore in Q1FY26, driven by strong growth in core lending and deposit businesses

Canara Bank net profit rises 22% on healthy growth in other income

Canara Bank reports a 22% rise in Q1FY26 net profit, buoyed by a 32.73% YoY increase in other income, despite pressure on its net interest margin

India's BFSI sector sees hiring boom in fraud, KYC and compliance roles

India now hosts an active talent pool of 25,543 professionals to tackle financial crimes, with skills spanning anti-money laundering, sanctions compliance, and fraud prevention

Canara Bank Q1 results: PAT rises 22% to ₹4,752 cr; income at ₹38,063 cr

During the period under review, operating profit of the bank increased to Rs 8,554 crore, as compared to Rs 7,616 crore in the same quarter a year ago

Monthly RBI bulletin: Public-sector banks slashed rates more than pvt peers

RBI report says PSBs reduced lending and deposit rates more than private banks in response to 100-bps repo rate cut; economy stays resilient amid global uncertainty

Co-op bank call market activity rebounds after RBI platform directive

Co-operative bank participation in the call money market has rebounded after a drop following RBI's mandate for NDS-CALL platform membership, says RBI report

Flows into NRI deposits moderate to $1.9 billion in April-May 2025

NRI deposit inflows fell to $1.9 billion in April-May 2025 from $2.8 billion a year earlier, with declines across FCNR, NRE and NRO categories, RBI data showed

RBI cancels licence of Karwar Urban Co-op Bank over inadequate capital

The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, the RBI said in a statement

Credit Card in force stays flat in June; ICICI, Axis Bank cards decline

Credit card issuances remain flat in June 2025, with ICICI Bank and Axis Bank showing declines in card numbers, while overall spending drops sequentially

Top banks' fresh hiring slowed in FY25 amid moderation in business growth

Hiring by India's major commercial banks, including HDFC Bank, SBI, and Axis Bank, has declined significantly in FY25 due to slower growth, reduced branch expansion, and improved attrition rates

Post QIP, SBI's CET1 capital rises to 11.5%; LIC invests ₹5,000 crore

SBI's recent QIP was oversubscribed 4.5 times, raising Rs 25,000 crore and boosting CET1 capital to 11.5%. LIC invested Rs 5,000 crore, increasing its stake in SBI to 9.49%

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