Banking Industry

HDFC Bank's Sashidhar Jagdishan moots a 'clean slate' for successor

Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins

July per-credit card spending slips 2.4% Y-o-Y, issuances outpace transaction

Average spending per card continues to face downward pressure as the pace of card issuance outpaces aggregate transaction volume growth

DBS Bank India 'won't be all things to all people': MD & CEO Rajat Verma

DBS Bank India says the bank is keen to invest and grow the retail lending business but will be judicious in choice of retail products that they will offer

No listed bank has even 1% net NPA: A milestone for asset quality

This is a rare phenomenon in the Indian banking industry. What's more, nine banks have half a per cent or more net NPAs

Wow! No listed bank has even 1% net NPA

This is a rare phenomenon in the Indian banking industry. What's more, nine banks have half a per cent or more net NPAs

Home ministry asks Google to remove fake bank pages on Firebase

The Firebase notices come amid a broader regulatory push to curb digital-payment fraud. The RBI's fraud-prevention measures broadly cover three areas

DFS to hold PSB, PFI confluence on sector's road map for Viksit Bharat

The two-day conclave will focus on deposit mobilisation, credit expansion, rural value chains, wealth management and other next-generation reforms for public sector banks

UCBs: Past imperfect, present evolving as RBI revives on-tap licensing

The decision to reintroduce on-tap licensing for urban cooperative banks signals the regulator's growing confidence that governance reforms have created sufficient safeguards

SBI net profit rises 10% to ₹21,121 crore in Q1 on strong loan growth

Bank looks to mobilise $10 billion via FCNR (B) deposits

Datanomics: Public sector banks lag in RBI penalty count, but lead in cost

RBI data shows a sharp divide among the categories of lenders in terms of penalties imposed

HDFC Bank's board penalises Sashidhar Jagdishan, cites biz overreach

CFO, group retail assets head also fined ₹1 lakh, warned over MSRDC deposits

The invisible heist: How bank staff exploit depositors' trust for fraud

The most alarming dimension of frauds perpetrated by insiders is their organised, multi-institutional character

No further dilution by SBI in SBI Funds Management: Chairman C S Setty

SBI Funds Management made a subdued debut on the bourses, listing at Rs 613.30, a premium of 6.85 per cent over its issue price of Rs 574

Bandhan Bank's Q1 profit up 35% on lower provisions, asset quality improves

Net interest income rose 5.9 per cent, while provisions fell 40.5 per cent and gross advances grew 16.4 per cent; the gross NPA ratio improved to 3.1 per cent

Federal Bank Q1FY27 results: Net profit jumps 37% to ₹1,177 crore

NII rose 26 per cent YoY to Rs 2,946 crore, supported by healthy growth in advances and an expansion in margins. Sequentially, NII declined 7 per cent

Central Bank of India's Q1 results: Net profit up 13.26% at ₹1,324 crore

Net interest margin (NIM) fell 10 basis points year-on-year to 3.06 per cent as the fall in yield on advances was sharper than the decline in the cost of funds

A first in 9 years: HDFC Bank trims workforce amid tech, AI ramp up

India's third largest private sector lender, Axis Bank had also reduced its workforce by around 3,100 in FY26 as investments in technology over the years began yielding productivity gains

Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

Three top executives resign from Axis Bank as lender rejigs leadership

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned

StanChart shuts 20 India branches, sharpens focus on wealth management

The development comes as the British lender is turning its focus toward advisory-led services like wealth management