Page 2 - Banking

Axis Bank to raise upto ₹5,000 crore via debt on private placement basis

The company is looking to raise 20 billion rupees through debentures and 30 billion rupees via a green shoe option

Microfinance sector sees 16.5% annual decline in Sep gross loan portfolio

Sustained moderation in GLP and originations volume signals ongoing risk mitigation, while improvements in short-term delinquencies highlights progress in portfolio management

Canara Bank to raise ₹3,500 crore via AT-1 bonds in FY's first issue

Canara Bank is set to raise up to ₹3,500 crore through AT-1 bonds on November 25, likely the first such issue of the financial year, as falling yields revive activity in the domestic debt market

Non-bank lenders' home loan growth will slow down in FY26: Report

Non-bank lenders' assets under management are likely to grow by 12-13 per cent, down from 14 per cent in the preceding fiscal, despite a slew of tailwinds, the report by Crisil said

RBI's 10% Tier-I cap on acquisition financing restrictive, say bankers

Experts suggest 30% equity contribution should include preference shares and convertible instruments

State Bank of India centralises trade finance operations at Kolkata hub

"The bank is reimagining its trade finance capabilities to meet the evolving needs of businesses across India and beyond," Setty said in a statement

BC network faces heat from qcom platforms as agents take up gig work

The business correspondent banking channel is facing attrition as agents are leaving over declining commissions, despite bringing in more new deposits than branches

Foreign investment in India's life insurance sector stands at 29%

The Irdai chairman has noted that the industry requires significantly more capital and that foreign investment alone cannot meet these needs

ICRA raises FY26 bank credit growth forecast on GST-led demand uptick

ICRA expects bank credit growth at 10.7-11.5% in FY26, aided by higher retail and MSME demand following GST rationalisation. Corporate lending remains muted, with ECL impact pegged below 1.5%

IndusInd Bank looks to claw back salary, bonuses of former top officials

This year, IndusInd Bank disclosed incorrect accounting on derivative trades that prompted a $230 million hit to its accounts and led to exit of former CEO Sumant Kathpalia and deputy CEO Arun Khurana

FinMin to meet PSB chiefs to review Q2 results, govt schemes' progress

This is the first meeting after Finance Minister Nirmala Sitharaman last week said the country needs big and world-class banks, and discussions are on with the Reserve Bank and lenders in this regard

Margin squeeze takes a toll on banks' profit in Q2FY26, shows data

Hardening yields limit contribution from Treasury gains

No regulator should substitute boardroom judgement: RBI Governor Malhotra

Financial stability remains the 'North Star' for the central bank

Are banks still seeing a seasonality factor in deposits and credit?

The popular view is that the second half of the year sees a bump in credit on account of the festive and wedding seasons. We examine if the data backs up this perception

Bank unions protest Nirmala Sitharaman's privatisation 'endorsement'

The forum cited the collapses of YES Bank, Global Trust Bank, and Lakshmi Vilas Bank as examples of governance lapses in private banks

Govt to retain cap on voting rights for major bank shareholders: Report

The government is also planning to more than double the foreign-investment cap in state-owned lenders to 49%, Reuters reported last week

RBL Bank Q2 results: Profit up 16% to ₹160 cr, NII jumps 15% to Rs 424 cr

The private sector lender had recorded a net profit of ₹138 crore in the same quarter a year ago

PSU banks record 9% growth in profit to record ₹49,456 cr profit in Q2

Market leader SBI alone contributed 40 per cent to the total earnings of ₹49,456 crore, as per the published numbers on stock exchanges

Yono 2.0 likely to launch by end of December: SBI Chairman C S Setty

Aim to have 20 crore mobile banking customers

Bank privatisation won't hurt financial inclusion or national interest: FM

Finance Minister Nirmala Sitharaman said the bank nationalisation done in 1969 has not yielded the desired result as far as financial inclusion was concerned