Page 8 - Banking Industry

RBI mandates 10% loan retention for banks, NBFCs under co-lending deals

Effective January 1, RBI requires regulated entities in co-lending to retain 10% of each loan on books, cap default loss guarantee at 5%, and align asset classification between partners

Pain in microfinance will linger for at least 3-4 quarters: DCB Bank MD

DCB Bank MD & CEO Praveen Kutty outlines plans to double loan book, manage costs, and raise capital by Q2FY27, while navigating MFI stress and shifting lending strategy

Bank credit raised by India Inc drops to 22% in Q1FY26, shows data

Corporates increasingly turn to debt capital markets as bank credit share in fundraising hits multi-year low, signalling shift in funding dynamics

IndusInd Bank appoints Rajiv Anand as MD & CEO for 3 years, effective Aug

Rajiv Anand has been appointed as the MD&CEO of IndusInd Bank for a 3-year term, effective from August 25, 2025, following the resignation of Sumant Kathpalia

Federal Bank's Q1 net down 15% on high slippages in agri, MFI segments

In Q1FY25, the bank had posted a net profit of ₹1,010 crore. Sequentially, profit declined 16 per cent from ₹1,030 crore

Ujjivan SFB expects RBI to decide on universal bank application by Dec: CEO

MD & CEO Sanjeev Nautiyal discusses microfinance recovery, secured lending push, PSL flexibility, and roadmap for universal banking licence

Banks park ₹1.7 trn at 7-day VRRR auction as banks roll over matured amount

The Reserve Bank of India's 7-day VRRR auction saw robust participation, with banks parking Rs 1.7 trillion, rolling over maturing funds. The auction's cut-off rate was 5.49%.

HSBC India's profit before tax increases 16.7% in first half of 2025

In Asia, HSBC India's PBT is the second highest after Hong Kong. In the half year ended June 30, 2024 (H1CY24), the India arm of the UK-headquartered bank had reported a PBT of $798 million

PNB Q1 net profit plunges 48% to ₹1,675 crore on higher tax outgo

PNB's profit dips due to switch to new tax regime; operating metrics improve with better asset quality, strong retail credit growth and healthy capital adequacy

Indian Overseas Bank reverts to old internet banking after new system fails

IOB restores old platform after technical failure in revamped system developed by Infosys subsidiary EdgeVerve disrupts services and login access for customers

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