Page 7 - Banking Industry

Retail mortgage loans by NBFCs, HFCs seen at ₹20 trn by FY28: ICRA

Retail mortgage lending by NBFCs and HFCs to grow at up to 22 per cent CAGR through FY28, led by demand and limited unsecured credit availability, says ICRA

Bank of India Q1 net profit rises 32.3% to ₹2,252 crore on treasury gains

Bank of India's net profit for Q1FY26 rises 32.3% to ₹2,252 crore, boosted by strong treasury gains; NIM declines, but asset quality improves

TMB eyes home advantage in Thoothukudi's investment wave; to tap MSMEs

Tamilnad Mercantile Bank (TMB) aims to capitalise on the investment surge in Thoothukudi, focusing on salary accounts and MSME lending to boost business growth amid a ₹1 trillion investment boom

IDFC First Bank's micro loan stress may bottom out in 2 quarters: MD & CEO

The bank expects its microfinance stress to ease in the next couple of quarters, after which it plans to grow its book in a measured way, while also putting a proposal to vote at the upcoming AGM

Leadership transition is well on track, says IndusInd Bank Chairman Mehta

Chairman Sunil Mehta says CEO selection is with RBI; bank strengthens governance, cost controls, and collections to restore profitability

IndusInd Bank Q1 profit drops 72% to ₹604 crore; NII falls to ₹4,640 crore

Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore. Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period. It had reported a loss of Rs 2,329 crore in the preceding March quarter, and the interim management, which has taken over operations of the business after the resignation of leadership including then chief executive Sumant Kathpalia, had said that all the possible impacts are recognised. Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period. The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore. Decline in fee and other income was relatively limited, with the overall number ...

The death of a banker: Navigating unbearable pressure and expectations

When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive

We are in no hurry to become a universal bank: Suryoday SFB MD & CEO

There's nothing I can immediately think of. Our current roadmap is built around one core idea: how do we build a real, meaningful customer relationship on both sides of the balance sheet, he said

Digital debt collection makes strides as lenders use tech to cut visits

For a business that's taken huge strides in recent years, mirroring the growth in retail credit, there's hardly anything by way of a sizing study on it

Credit growth inches up to 9.8% as deposit growth continues to outpace

At 10.1%, deposit growth continues to outpace credit, although the gap has narrowed to 300 basis points

Bank of Baroda Q1FY26 results: Net profit up 1.9%, margins compress

Bank of Baroda's Q1FY26 net profit rises 1.9%, aided by treasury income, while pressure on net interest margin continues

TMB's net profit up 6% in Q1, driven by strong lending and deposit growth

Tamilnad Mercantile Bank's net profit hits a record Rs 304.9 crore in Q1FY26, driven by strong growth in core lending and deposit businesses

Indian Bank Q1FY26 results: Consolidated profit down 11.4% at ₹ 2,276.37 cr

Indian Bank's consolidated net profit dips 11.4% in Q1 FY26, while standalone net profit rises 24%, with improvements in asset quality and advances

Canara Bank net profit rises 22% on healthy growth in other income

Canara Bank reports a 22% rise in Q1FY26 net profit, buoyed by a 32.73% YoY increase in other income, despite pressure on its net interest margin

Union Bank of India waives charges for non-maintenance of minimum balance

Union Bank of India waives charges for non-maintenance of minimum balance in general savings accounts, effective from September quarter-end, to support inclusivity

Post QIP, SBI's CET1 capital rises to 11.5%; LIC invests ₹5,000 crore

SBI's recent QIP was oversubscribed 4.5 times, raising Rs 25,000 crore and boosting CET1 capital to 11.5%. LIC invested Rs 5,000 crore, increasing its stake in SBI to 9.49%

IDBI Bank Q1 net profit surges 17% to ₹2,007 crore on rise in other income

Net interest income (NII) declined by two per cent YoY to ₹3,166 crore in Q1 FY26, compared to ₹3,233 crore in Q1 FY25, the bank said in a statement

Not mandatory for customers to opt for digital banking: RBI draft norms

Further, the norms stated that banks should obtain consent from customers for providing digital banking services

IDBI Bank Q1FY26 results: Net profit rises 16.75% to ₹2,007 crore

Operating profit increased by 13% in Q1FY26 to ₹2,354 crore as against ₹2,076 crore in Q1FY25

Retail loan growth sluggish for private banks in Q1, festive demand eyed

Five private-sector lenders, including the top three, reported single-digit growth in their retail loan books, dragging down overall loan growth during the quarter