Banking Industry

Banks' Q2 net profit tops ₹1.16 trillion, rises 20% on strong earnings

Growth in net interest income, lower provisioning, improved asset quality drive robust earnings

Institutions must learn to outgrow their founders: Equitas MD & CEO

P N Vasudevan talks about his exit and the future roadmap for Equitas

IBPS Clerk Prelims Result 2026: Expected release date and how to download

IBPS Clerk Prelims result is likely to be announced by the third week of November 2026 on the official website, ibps.in. The exam was held on October 10 and 11, 2026 in online mode

When gold loses its glitter

The regulatory framework effective April 2026 has created the foundation for mitigating risks in gold loans but more needs to be done

BFSI Insight Summit: Looking at if we can have YONO Bharat, says C S Setty

SBI Chairman C S Setty says the bank is working with NPCI to prevent UPI merchant charges from reaching customers, while FCNR(B) inflows will ease deposit competition

RBI tightens operational risk capital norms for banks from April 2027

The RBI has revised operational risk capital norms for banks, covering income classification, derivative valuations and historical loss data, with the new rules effective April 1, 2027

RBI revises bank leverage ratio norms, new framework effective April 2027

The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027

PNB's foreign bank MoU 10-15 days away, says MD & CEO Ashok Chandra

We have enough room to grow credit at the pace at which overall deposits are growing says Ashok Chandra MD & CEO of PNB

Federal Bank net profit surges 45% to record ₹1,386 crore on higher NII

The private sector lender reported a 26.4% rise in net interest income, a 26-basis-point expansion in margins and improved asset quality, with gross advances crossing Rs 3 trillion

Global investors firm India BFSI bets with over $20 bn in deals since 2025

Major investments by Fairfax, MUFG, SMBC and Emirates NBD lead a wave of foreign capital commitments across India's banking, NBFC and insurance sectors amid regulatory reforms and strong credit demand

Banks may rejig insurance sales as Irdai proposes sharp commission cuts

Banks could favour long-term products that offer better commissions, while seeking to offset lower payouts elsewhere through higher volumes

Bank unions to go ahead with 3-day strike despite govt, management appeals

Unions will strike from September 28 to 30 after talks failed to resolve their demand for a five-day banking week; an indefinite strike is planned from October 26

RBI imposes ₹27.3 lakh penalty on Asset Care & Reconstruction Enterprise

The central bank imposed the penalty after its inspection found non-compliance with regulatory directions relating to the charging of management fees by the ARC

SBM Bank India eyes 26% stake sale to fund expansion, growth plans

SBM Bank (India), a wholly owned subsidiary of SBM Bank (Mauritius) Ltd, is exploring a 26 per cent stake sale, and the proceeds would be utilised for the expansion of its Indian operations, the bank's ED and CFO, Amit Jagdhari, said. "The bank has appointed a consultant for the process, and we are at the Expression of Interest stage. As you know, there are very regulatory processes involved, so it is very difficult to give a timeline," he said. He clarified that the money realised from the stake sale would be deployed as growth capital for SBM Bank (India). He further said the parent entity has infused Rs 75 crore in June, while another Rs 75 crore is coming later this month to grow the business. The bank, with a limited branch presence in the country, aims for credit growth of 32-35 per cent in FY27. Earlier in the day, the bank opened its 23rd branch in Gurugram near Delhi. Alongside its physical expansion, SBM Bank India is also strengthening its digital wealth proposition, h

'Banks that neglect customer service, succession planning risk mkt cap hit'

Chakraborty said succession planning was a problem among private banks, often avoided because "there is a cost to it". Failure to plan, he said, could hurt valuations

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