Page 14 - Banking Industry

SBI board panel nods to overseas fundraise of up to $3 billion in FY26

SBI plans to raise up to $3 billion via international markets in FY26 through senior unsecured notes in USD or other currencies to support business growth

Centre plans to list at least five regional rural banks by FY27-end

Post the latest amalgamation effective May 1, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts

Yes Bank shares rises over 2% on SMBC's Rs 13,482-cr stake acquisition

Yes Bank rose 2.35 per cent after SMBC's ₹13,482-crore stake deal but underperformed the Nifty Bank and Nifty 50 indices, which posted stronger gains

Are we on the cusp of an insurance revolution transforming India?

The stage is set - not just for incremental growth, but for a structural leap that can redefine how insurance is accessed, delivered and experienced across India

SBI, private banks sell 20% Yes Bank stake to SMBC for ₹13,482 cr

In India's largest cross-border banking deal, SBI and private lenders sell 20% stake in Yes Bank to SMBC for ₹13,482 crore, valuing the bank at $7.9 billion

Bank of India Q4FY25 results: Net profit jumps 82.5% to ₹2,626 crore

Bank of India reports 82.5 per cent rise in Q4 net profit, boosted by treasury and fee income as asset quality improves and margins face pressure from rate cuts

SMBC's board representation in Yes Bank to be proportionate to its stake

SMBC to gain 20 per cent stake in Yes Bank, becoming its largest shareholder with likely board representation; SBI's stake to reduce post regulatory approval

No direct impact on bank due to dip in tourist numbers: Amitava Chatterjee

Neither a single branch was closed, nor was there any business disruption since April 22

Bank spread narrows to 10-year low of 2.71% in March: CareEdge

Lending-deposit rate spread for banks dropped to 2.71 per cent in March, driven by lower lending rates amid reduced high-yield loan exposure and RBI rate cuts

RBI framework suggest impact analysis before finalising regulations

RBI's new framework proposes mandatory public consultation, impact analysis, and periodic review for significant regulations, promoting transparency in rule-making

Punjab National Bank Q4 results: Net profit rises 51.7 % to ₹4,567 cr

Punjab National Bank reported a 51.7 per cent rise in Q4FY25 profit as lower NPAs, higher retail credit and strong digital growth boosted overall performance

Nifty PSU Bank index slips 5%, sees sharpest one-day fall in 11 months

The Nifty PSU Bank index was the top loser among sectoral indices that ended 4.8 per cent lower at 6,235.20 levels on the NSE. BoB was the top loser among PSU banks that lost 11 per cent

Well capitalised, can sustain growth for at least next 3-5 years: BoB CEO

The profitability would be sustained this year as we expect improvement in net interest income owing to change in liquidity and interest rate trajectory

Surprise visit by DFS secretary M Nagaraju shows behavioural lapses at PSBs

He was made to wait for an hour to meet the manager in one bank, and in some other PSB branches, he found the behaviour of officials "unsatisfactory"

Too many episodes of financial mismanagement: Where does the buck stop?

Should the resignation of senior bankers on moral grounds draw the curtains on mismanagement and accounting discrepancies?

SBI mulls equity capital raise in FY26; board to discuss proposal

SBI's share closed 0.72 per cent lower at Rs 811.75 per share on the BSE. The board is also considering the results for the fourth quarter ended March 2025 and annual results for FY25 on May 3, 2025

Our asset growth may be around 25% this financial year: CSB Bank MD & CEO

Mondal talks about the Q4 results, outlook for FY26, and the new draft gold loan norms by the Reserve Bank of India

IndusInd Bank's deputy CEO Arun Khurana quits over accounting lapses

This is the second high-profile exit from the bank in 2025

Central Bank of India's net profit rises 28% on non-core income growth

NII falls 4% as rise in yield on advances; margins contract

Credit card spends surged to 4-month high of Rs 2 trillion in March

Card addition slows in FY25 following higher risk weight norm