Banking News

Paraguay President Santiago Pena resigns following bank collapse

Paraguay's President Santiago Pena resigned after regulators seized Ueno Bank over risky lending, triggering protests, depositor panic and an impeachment debate.

RBI tightens cyber oversight of non-bank payment system operators

The revised directions mandate annual system audits, source code safeguards and stricter oversight of third-party ATM switch providers, with immediate effect for large and medium PSOs.

Bank of England raises rates for first time since 2023, says more may come

The BoE raised its key rate to 4% from 3.75%, warning that further hikes may be needed if the US-Iran conflict keeps energy prices elevated.

Banks' Q2 net profit tops ₹1.16 trillion, rises 20% on strong earnings

Growth in net interest income, lower provisioning, improved asset quality drive robust earnings

IBPS Clerk Prelims Result 2026: Expected release date and how to download

IBPS Clerk Prelims result is likely to be announced by the third week of November 2026 on the official website, ibps.in. The exam was held on October 10 and 11, 2026 in online mode

Bandhan Bank reports ₹622 cr net profit in Q2, gross NPA at 3.11%

Bandhan Bank reported a net profit of ₹622 crore in Q2 FY27, with gross NPAs at 3.11%, interest earned at ₹5,754 crore and provisions at ₹718 crore.

Tamilnad Mercantile Bank Q2 net profit rises 42% to record ₹451 crore

Tamilnad Mercantile Bank reported a record net profit of ₹451.14 crore in Q2 FY27, supported by higher interest income, improved asset quality and strong growth in advances and deposits.

IOB Q2 net profit jumps 56% to ₹1,963 crore as asset quality improves

Indian Overseas Bank reported a 26.4 per cent rise in net interest income to ₹3,867 crore in Q2 FY27, while gross NPAs fell and advances grew 24.35 per cent year-on-year.

Emirates NBD branch merger to lift RBL Bank asset base by ₹11K cr: MD & CEO

RBL Bank expects ₹10,000-11,000 crore to be added to its balance sheet from the merger of three Emirates NBD branches and is targeting annual growth of at least 20%.

IndusInd Bank posts ₹1,242 crore Q2 profit as provisions decline sharply

IndusInd Bank reported a net profit of ₹1,242 crore in Q2FY27 against a loss a year ago, aided by lower provisions and higher other income, while asset quality improved

RBI's ₹2.5 trillion liquidity infusion sends mixed signals: SBI Research

SBI Research says the RBI's ₹2.5 trillion liquidity injection amid calibrated monetary tightening sends contradictory signals and could complicate monetary policy transmission

Banking system liquidity surplus shrinks to ₹542 cr amid tax outflows

Banking system liquidity surplus narrowed to Rs 542 crore as tax outflows tightened cash availability, pushing the weighted average call rate closer to the RBI's MSF rate.

Indian Bank raises special term deposit rates by 15 bps from October 23

Indian Bank has raised rates on its 555-day Ind Grow and 777-day Ind Prosper deposit schemes by 15 basis points each, following the RBI's October repo rate increase.

HDFC Bank probe finds senior executives leaked secrets to outsiders

HDFC identified the executives during an internal investigation that began after some leaders grew concerned about the possibility of information being leaked

Treasury gains shrink for banks in Q2 as rising yields hit trading books

Treasury income fell at several major banks in Q2FY27 as bond yields climbed, weighing on other income and profits despite growth in net interest income across lenders.

Plan to enter credit card biz in six months: South Indian Bank MD & CEO

South Indian Bank MD & CEO Mahesh Pai plans to enter the credit card business within six months, boost retail lending, expand branches and target 15-16% credit growth over the next two years.

Indian Bank raises FY27 growth guidance, pegs ECL impact at ₹3,500 crore

The public sector lender expects advances to grow 13-14% and deposits 11-12% in FY27, while setting aside Rs 2,500 crore so far towards the expected credit loss framework.

Fairfax Financial to retain Sharma as IDBI CEO, names Kannan chairman

Fairfax proposes N S Kannan as IDBI Bank chairman, retains Rakesh Sharma as CEO and expects to close its $5.6 billion acquisition as early as the first quarter of 2027

Punjab National Bank Q2 results: Net profit rises 13% to ₹5,532 crore

Punjab National Bank (PNB) reported a 13% rise in net profit to ₹5,532 crore for the second quarter ended September 2026, according to a regulatory filing.

Federal Bank Q2 net profit jumps 45 pc on FCNR deposits

Federal Bank reported a 45% rise in Q2 FY27 net profit to ₹1,386 crore, aided by $1.5 billion raised through FCNR(B) deposits, while net interest income grew 26% to ₹3,153 crore