Page 8 - Banking

HDFC Life Q2 profit up 3% YoY to Rs 447 crore as premium growth sustains

Net profit rises to Rs 447 crore; APE up 8.6% and VNB grows 7.6% even as GST exemption impacts margins and investment income

RBL Bank says reports of Emirates NBD Bank stake buy 'incorrect'

Reports suggested that Emirates NBD is in advanced negotiations with RBL Bank to finalise a ₹15,000-crore investment, emerge as the single-largest, controlling shareholder in the Indian private lender

RBI may allow Emirates NBD to acquire controlling stake in RBL Bank

While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval

PSBs raise investment limit in state bonds to capitalise on higher yields

Public sector banks increase SDL allocation to 40-50% of HQLA portfolios, drawn by higher yields and widening spreads over central government bonds

Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr

Emirates NBD is expected to buy around 26 per cent stake from institutional investors and then make an open offer for an additional 25 per cent, Mint reported

RBI announces measures to facilitate cross-border trade transactions

In January 2025, the RBI permitted Indian exporters to open foreign currency accounts with a bank outside India for the realisation of export proceeds

Citi appoints Srini Kannan as head of digital, tech for its commercial biz

Prior to that, he helped build JPMorgan's mid-corporate business in South India, making it the largest market within the country

Explained: How digital payments are fuelling India's economic growth

Govt plans to introduce biometric authentication for UPI payments, but what exactly is a digital payment system and why is it important for the Indian economy?

Bank unions slam move to open top PSB roles to private candidates

UFBU calls the move to allow private candidates for top roles in state-run banks and insurers a de-facto privatisation of leadership in public institutions

Digital payments to hit 617.3 bn in volume, Rs 907.3 trn value by FY2030

Transaction volumes have increased by 37 per cent to 206 billion, while value has jumped 30 per cent to Rs 299.9 trillion from FY24 to FY25

Relaxation of risk weights unlikely to spur growth in absence of demand

Banks in India are currently sitting on excess capital, with CET1 ratios around 14.7 per cent, well above the regulatory requirement of 8-9 per cent

Analysts say top pvt banks, PSBs well positioned for ECL norm transition

Analysts say large lenders like HDFC Bank, ICICI Bank and SBI have strong provisioning buffers, while those with unsecured or microfinance exposure may face higher impact

Banks may post subdued quarterly results amid rate cuts, weak loan demand

Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick

ECL transition time will ensure limited impact on banks: SBI chairman

C S Setty says extended transition will cushion banks from ECL shock, stresses need for stronger collections before expanding UPI-based credit products

PNB to allocate 20% of FY26 spend to boost IT, digital infra: CEO Chandra

Last financial year, almost 62-63 per cent of the capital expenditure and 19 to 20 per cent of the revenue expenditure went towards IT and digital infrastructure

Domestic savings challenge may constrain banks' private sector funding: S&P

Banks are likely to rely more on wholesale domestic and international debt for funding as deposits come under pressure, the rating agency said in a statement

Banks like SBI well versed to handle acquisition financing: C S Setty

It is worth noting that the Reserve Bank had announced a decision to allow banks to engage in acquisition financing, following a public request made by Setty itself a few weeks ago

Results preview: Bank profits to see sharp dent in Q2 on margin pressure

Credit costs may also weigh on margins, given the stress in the unsecured loan book, bankers said

Reserve Bank of India proposes lower capital requirements for banks

RBI's draft norms propose revised risk weights across corporate, MSME, real estate, and retail exposures, aiming to reduce banks' capital requirements from FY28

Bank holiday today: Are banks open or shut for Valmiki Jayanti? Know more

Bank Holiday: Banks in several cities like Bengaluru, Chandigarh, Bhubneshwar, and Shimla are shut today, Oct 7, on account of Maharshi Valmiki Jayanti/Kumar Purnima