Page 7 - Banking Industry

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

HDFC Bank's loan growth will continue to improve going forward: CEO

HDFC Bank's MD & CEO Sashidhar Jagdishan expects loan growth to continue improving as demand picks up. Margins may fluctuate quarterly but will stabilise over time, he added

After record issuances in FY25, infrastructure bonds lose their sheen

Infrastructure bonds, which were popular in FY25, have lost their appeal in FY26 as banks face stronger deposit growth and moderated credit demand, with issuances expected to be much lower this year

Bandhan Bank Q1 FY26 results: Net profit down 65% on rising bad loans

Total income of the bank stood at ₹6,201 crore in Q1 FY26, up 1.9 per cent from ₹6,082 crore in the year-ago quarter

Axis Bank's Arjun Chowdhury resigns; Gambhir elevated to executive director

Axis Bank's senior leadership has seen churn lately. In June last year, Sumit Bali, group executive overseeing retail ­lend­­­ing quit and joined Yes Bank

UCB directors must probe management to boost governance: RBI's Swaminathan

RBI advises UCB directors to ask tough questions to senior management to ensure ethical, transparent, and prudent operations, aiming to prevent distress in the banks

Private sector bank chiefs take home hefty compensation cheques in FY25

Public sector banks' chiefs trail far behind, with the chairman of SBI, India's largest lender, earning a fraction of what private sector banks' chief executives make

Axis Bank net profit down 4% in Q1FY26 on rise in slippages, provisions

Axis Bank Q1FY26 net profit falls to Rs 5,806 crore as slippages surge and provisions rise; "technical impact" weighs on asset quality and return ratios

₹25K cr SBI QIP draws bids worth ₹1 trn; LIC, domestic MFs lead charge

LIC bids over Rs 5,000 crore in SBI's Rs 25,000 crore QIP, joined by major MFs and FPIs; fundraise to boost capital adequacy by 60 bps with 3.47% equity dilution

RBI monetary policy: August rate cut hopes get a fillip, says BS poll

Economists pencil in 25 bps reduction in the repo rate by December

Bank of Maharashtra Q1 profit up 23.2% at ₹1,593 cr on healthy NII growth

Bank of Maharashtra reports a 23.2% YoY increase in Q1 net profit to ₹1,593 crore, driven by 17.6% growth in NII and healthy advances. Asset quality improves, but provisions rise due to agri NPAs

Japan's SMFG considers making additional $1.1 bn investment in YES Bank

Earlier this year, SMFG acquired a 20 per cent stake in YES Bank for approximately $1.6 billion

Karnataka Bank appoints Raghavendra Bhat MD & CEO for three months

Bhat takes charge from 16 July following the resignations of Srikrishnan Sarma and Sekhar Rao, pending shareholder approval at the bank's upcoming annual general meeting

Citi's India head of commercial banking exits after 25 years with bank

Citi confirms the departure of Bhanu Vohra, its India head of commercial banking, after 25 years with the bank. The firm is set to announce a successor soon

We are catalysing retail green financing in the country: Rajashree Nambiar

The climate-financing gap over the next five years is about $40 billion, says Rajashree Nambiar, cofounder and chief executive officer of Ecofy

The curious case of demotion of executive director at a public-sector bank

If someone is deemed unfit for the ED post, can that person be considered fit to be a general manager?

Banks' loan offtake gains pace at end of first quarter, shows data

Bank credit growth slowed further to 9.5% YoY in the fortnight ending June 27, with deposits growing at 10.1%, outpacing credit growth, data showed.