Page 3 - Banking Industry

ICICI Bank to benefit from improved asset quality, healthy loan growth

Lower provisions, healthy margins, and steady advances drive ICICI Bank's performance; management expects NIMs to remain stable in coming quarters

IDFC First Bank expects NIM to improve from Q3: MD & CEO V Vaidyanathan

V Vaidyanathan says the bank's net interest margins have likely bottomed out and will improve as CASA strengthens and cost of funds continues to fall

RBL Bank eyes large lender status on back of Emirates NBD's $3 bn offer

The $3 billion investment gives RBL Bank access to global expertise, fresh capital, and expansion opportunities in corporate, retail, and wealth banking segments

Banking pads up to cover a new ground with risk-based deposit insurance

Shifting to a system of risk-based deposit insurance may over time force banks to become even more prudent and mindful of their finances

Emirates NBD to invest $3 bn in RBL Bank for up to 60% controlling stake

The proposed investment will be made through a preferential issue and is subject to regulatory approvals and customary closing conditions

ICICI Bank Q2 FY26 results: Net profit rises 5% to ₹12,359 crore

The profit exceeded expectations, supported by lower provisions for bad loans that helped offset a decline in treasury income

SBI raises ₹7,500 cr through Tier-II bonds at a tight coupon of 6.93%

The bonds have a tenor of 10 years, with a call option after five years and on each anniversary date thereafter. The bonds are rated AAA by domestic rating agencies

Central Bank of India Q2 results: Net profit rises 33% to ₹1,213 crore

State-owned Central Bank of India on Friday reported a 33 per cent growth in net profit to Rs 1,213 crore for the second quarter ended September 30. The bank had a net profit of Rs 913 crore in the July-September quarter of FY25. Total business grew by 14.43 per cent to over Rs 7.38 lakh crore from over Rs 6.45 lakh crore. Total deposits were up by 13.40 per cent to over Rs 4.44 lakh crore against Rs 3.92 lakh crore. Gross NPA stood at 3.01 per cent as of Q2 FY26, compared to 4.59 per cent in the year-ago period, registering an improvement of 158 basis points. Shares of Central Bank of India were trading at Rs 37.01 apiece, down 2.53 per cent over the previous close on the BSE.

Micro-ATM operators seek higher transaction fees to match legacy ATMs

Micro-ATM operators have sought a revision in transaction fees, urging the government to align their payouts with those of legacy ATMs amid rising volumes and decade-old stagnant pricing

RBL Bank to explore equity fund raise during October 18 board meet

Board may approve equity shares, linked instruments via preferential issue or private placement

Axis Bank Q2 net falls 26% to ₹5,090 crore on one-time provision

Despite a profit decline due to standard asset provisions, Axis Bank's asset quality improved and loan growth remained steady in Q2FY26

Axis Finance to become upper-layer NBFC; listing likely within 3 years

Axis Bank CEO Amitabh Chaudhry says the NBFC arm's size qualifies it for upper-layer classification; stake sale planned to raise growth capital amid RBI's revised norms

Growth rate of digital loans moderates in Q1FY26, says FACE report

The share of digital loans by value has grown from 12 per cent in FY23 to 20 per cent in Q1FY26. The volume share, however, has risen from 67 per cent in FY23 to 80 per cent in Q1FY26

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

Deregulation is flavour of the season, but caution needed in banking

Deregulation in the economy in general is a good thing. There is always a case for visiting regulations that have outlived their rationale and cramp business activity

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

PNB MD & CEO Ashok Chandra says the bank is investing heavily in technology upgrades, digital safety systems, and customer experience modernisation this fiscal

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

Bank of India's domestic advances rise nearly 15% to ₹5.96 trillion

Bank of India reports 11.8% growth in global business and strong gains in domestic lending, with retail term deposits up 14% year-on-year in September

Q2 loan race: HDFC, Kotak Mahindra Bank shine; IndusInd deposit books fall

RBL Bank also reported healthy growth, with loans up 14 per cent Y-o-Y to ₹1.02 trillion and deposits up 8 per cent Y-o-Y to ₹1.16 trillion