Page 5 - Banking

Bank credit rises 19.4% in September; RBI rate hike may slow growth in H2

Bank credit rose 19.38% to ₹230 trillion in September, while deposits grew 17.83% to ₹283.95 trillion; CareEdge expects higher borrowing costs to moderate lending growth.

South Indian Bank Q2 profit rises 21% to ₹426 cr on higher interest income

South Indian Bank's net profit rose 21.3% to ₹426 crore in Q2FY27 as net interest income grew 38% to a record ₹1,116 crore, while gross NPAs declined to 1.24%

RBI clarifies banks must maintain 20% FERR over and above CRR balance

RBI says banks must park a 20% forex risk reserve in CRR accounts over and above mandatory balances, as the new rules raise hedging costs and push up forward premiums

Bank deposits hit record $3 trillion, boosted by dollar deposits scheme

India's banking system deposits reached a record ₹284 trillion in September, aided by the RBI's discounted dollar swap scheme, which attracted around $133 billion in inflows.

IDBI Bank-Fairfax deal: What RBI rules say on foreign ownership and control

While India allows substantial FDI in private sector banks, the RBI regulates who can own them, how much voting power shareholders can exercise and how much equity promoters can retain over time

IDBI Bank's $6 billion Fairfax deal signals zest for Indian assets

Fairfax's acquisition of a 60.7% stake in IDBI Bank for nearly $6 billion comes as Blackstone explores IIFL Finance and Japan's MUFG studies options to gain majority control of Shriram Finance

21 strategic PSU stake sales in 26 years as IDBI Bank joins the list

The sales of BALCO, VSNL and Hindustan Zinc in the early 2000s, followed by transactions involving THDC India, NEEPCO and Air India, account for much of this history

CCEA clears largest financial sector FDI: Fairfax to take reins at IDBI

Toronto-based firm to acquire 60.72% for ₹52,878 cr, trim stake to 26% over 15 years

IDBI Bank acquisition puts Fairfax's CSB Bank stake at a crossroads

Fairfax Financial Holdings Ltd., led by Canadian billionaire Prem Watsa, is set to acquire nearly 61 per cent stake in IDBI Bank for $5.6 billion, marking the largest foreign investment in banks

IDBI Bank deal to bolster Fairfax's India financial services play further

Separately, Fairfax, through FAL Corporation, held a 65 per cent stake in Valueattics Re, India's first privately owned domestic reinsurer, as of March 2026

The fall and rise of IDBI Bank: From bad-loan crisis to the Fairfax deal

Improving India-Canada ties brought Fairfax back into play as IDBI Bank's recovery from a bad-loan crisis paved the way for a Rs 52,878 crore sale of a majority stake

IDBI employees' forum seeks review of stake sale, flags valuation concerns

The IDBI employees' forum sought a halt to the proposed sale and disclosure of valuation details, while the government said employees' service conditions would remain unchanged

SME body seeks 90-day EDF filing relief for small service exporters

India SME Forum has asked the RBI to suspend recurring EDF filings for micro and small service exporters for 90 days while a simpler compliance mechanism is finalised

Fairfax Financial buys IDBI for $5.6 billion in India's biggest bank deal

Fairfax joins a wave of foreign firms expanding in India, drawn by the burgeoning wealth class and the world's fastest-growing major economy

No price stability without financial stability: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says monetary policy and financial stability cannot be separated completely, as the central bank steps up measures to curb rupee volatility

HDFC Bank's WTD expansion may set succession template for large banks

The bank's move to increase its whole-time director strength to five could encourage other systemically important lenders and upper-layer NBFCs to build deeper leadership pipelines

RBI's new forex derivatives reserve rule: Banks flag liquidity concerns

Fedai seeks clarity on execution; lenders want $2 million threshold removed

Account aggregator network gets a rate card; tech middlemen cut out

AAs are entities that move a customer's financial data from one institution to another, such as from a bank to a lender, but only with the customer's consent

RBL Bank Q2FY27 results: Net profit rises 2.7-fold to ₹482 crore

Net interest income rose 37% year-on-year to Rs 2,131 crore, while advances grew 42% to Rs 1.42 trillion; asset quality improved despite higher provisions and slippages

Axis AMC forays into SIFs; Anand Rathi Wealth net profit falls 10.4%

The asset manager has appointed former Avendus Capital executive Nandik Mallik to lead its specialised investment fund business