Page 5 - Banking Industry

SFB advances to cross ₹2 trillion in FY26, grow 16-17%: Crisil Ratings

Crisil Ratings expects non-microfinance segments like housing, MSME and vehicle loans to drive 16-17% growth in small finance banks' advances this fiscal

Cut in earnings expectations, valuations to cap upside in SBI Card

Festive expenses and weaker margins weighed on earnings, even as GNPA ratios eased and spending momentum stayed strong

Jio Payments Bank updates its website domain as per RBI guidelines

The payments bank's new official domain, jiopayments.bank.in, replaces jiobank.in as part of RBI compliance and enhanced digital security framework

Zarin Daruwala appointed group CEO of PL Capital, effective October 13

Daruwala, who brings more than 35 years of experience in banking and financial services, will steer the broking firm's next phase of expansion across institutional equities

J&K Bank sees margins gradually improve if rates hold steady: MD & CEO

MD & CEO Amitava Chatterjee says half of J&K Bank's loan book will come from branches outside the Union Territory within two years, as the lender diversifies after recent disruptions

SFBs boost secured lending as they move towards universal bank status

AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks

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