Page 11 - Banking Sector

China's development lender AIIB plans to open Singapore, Hong Kong offices

The bank may announce the move at its annual meeting in June if it can finalise the host member agreements with their respective governments

Banks, NBFCs may need IT overhaul to meet RBI co-lending norms: Bankers

Bankers say RBI's co-lending draft norms may require significant IT upgrades and clarification on the CLM 2 model to ensure compliance and operational readiness

IndusInd Bank may face hit to core profit and biz growth: Brokerages

Brokerages lower FY25 and FY26 estimates after IndusInd Bank audit reveals ₹674 crore income misreporting and ₹595 crore in unsubstantiated balances

Yes Bank expects Japan's SMBC to maintain at least 20% stake, says CEO

SMBC on Friday said it had signed a definitive agreement to take a 20 per cent stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger

State-run banks cautious; target modest 11-13% credit growth in FY26

Bankers said credit growth is expected to be sluggish in FY26 owing to weaker demand across unsecured loans, mortgages

SMBC to have two nominees on Yes Bank board: MD & CEO Prashant Kumar

Prashant Kumar tells why SMBC has become a strategic investor and the advantages arising from this for Yes Bank

NIM will be under pressure in first 2 quarters of FY26: Canara Bank MD, CEO

Corporate credit growth was around 10 per cent in FY25 and this year also we will maintain the same

Biz correspondents' body to raise Atal Yojana renewal commission with banks

BCRC may take up the issue with the Indian Banks' Association; in January, it had raised the matter with the insurance regulator

Canara Bank Q4FY results: Net profit rises 33% to Rs 5,004 crore

Canara Bank posted a 33 per cent YoY rise in Q4 net profit to Rs 5,004 crore as other income rose 22 per cent while margins came under pressure amid rate cut transmission

Surprise visit by DFS secretary M Nagaraju shows behavioural lapses at PSBs

He was made to wait for an hour to meet the manager in one bank, and in some other PSB branches, he found the behaviour of officials "unsatisfactory"

Our aspiration is to exit Q4FY26 with RoA of 1%: Yes Bank MD & CEO

Prashant Kumar discusses the Q4FY25 results and future strategy of the bank

RBI imposes penalty on ICICI, Axis, BoM, IDBI, BoB for violating norms

ICICI, Axis, Bank of Baroda, Bank of Maharashtra and IDBI Bank penalised by RBI for breaches including delayed reporting, excessive charges, and non-compliant operations

IOB net profit crosses Rs 1K-crore mark for first time; up 35% in Q4

Indian Overseas Bank reports record Q4 net profit of Rs 1,091.94 crore, plans Rs 4,000 crore capital raise in FY26 as asset quality and capital adequacy continue to improve

RBI working group recommends longer hours for interbank money markets

The Reserve Bank of India set up the group to study the changing needs of market participants

State-owned banks' credit share continues downward trend, albeit slower

PSBs' credit share fell by 4 per cent from FY21 to FY25, a slower rate of decline than the approximately 20 per cent between FY11 and FY21

After CEO exit, RBI okays IndusInd executives' panel to run the show

Analysts express reservation on appointment of a PSU banker as MD & CEO

Bandhan Bank Q4 results: Profit jumps 482% to ₹318 cr, revenue at ₹3,456 cr

Sequentially, net profit was down 25.4 per cent

Federal Bank Q4 results: Profit rises 12%, flags downward pressures on NIMs

Federal Bank's consolidated profit rose by 12.37 per cent to Rs 1,091 crore for the March quarter, helped by a jump in non-interest income. On a standalone basis, the private sector bank's Q4 net moved up to Rs 1,030 crore from Rs 906 crore in the year-ago period. The core net interest income grew 8 per cent to Rs 2,377 crore from Rs 2,195 crore, and was marginally down when compared with the quarter-ago period's Rs 2,431 crore. The non-interest income grew 33 per cent on-year to Rs 1,006 crore, the highest ever under the category achieved by the bank. The net interest margin narrowed to 3.12 per cent during the quarter from 3.21 per cent. Its chief executive and managing director K V S Manian said nearly half of the bank's book is linked to the external benchmark of repo rate, and automatically gets repriced with every cut in the policy rate by RBI. Speaking with reporters, he said the bank will deploy all efforts possible to protect the NIMs, but conceded that there are "downwa

Federal Bank Q4 results: Net profit up 14% to ₹1,030 cr, NIM at 3.12%

Sequentially, the profit was up by 8 per cent from Rs 955 crore in Q3FY25

Bandhan Bank Q4 results: Net profit jumps 5x to Rs 318 cr despite NII dip

Bandhan Bank on Wednesday reported a more than five-fold increase in its net profit for the quarter ended March 31, 2025, at Rs 318 crore, compared to Rs 55 crore in the year-ago period, driven by lower provisions despite a decline in net interest income. The lender's net revenue in Q4 FY25 stood at Rs 3,456 crore, marginally lower than Rs 3,560 crore in the corresponding quarter of the previous year. Net interest income (NII) dropped 4 per cent YoY to Rs 2,756 crore, while the net interest margin (NIM) contracted to 6.7 per cent, down 4 per cent. For the full financial year FY25, the bank's profit after tax rose 23 per cent to Rs 2,745 crore from Rs 2,230 crore in FY24. For FY25, Bandhan Bank's net revenue grew 16 per cent YoY to Rs 14,458 crore, while NII rose 11 per cent to Rs 11,491 crore. Operating profit was up 11 per cent at Rs 7,389 crore.