Page 18 - Banking Sector

Mizuho on verge of buying majority stake in investment bank Avendus

Executives are hammering out details of a transaction that could be finalised as soon as this month and value Avendus at about $800 million

The goal is a solid bank with tight credit, governance: Jana SFB MD & CEO

Jana Small Finance Bank's Managing Director and Chief Executive Officer discusses the bank's future plans and growth strategy

Things 'should soon settle down': RBI on IndusInd Bank's measures

RBI says it is satisfied with IndusInd Bank's accounting clean-up post derivatives irregularities but stresses it will act if necessary and has sharpened supervision tools

Uco Bank plans to raise ₹2,700 cr in FY26 via QIP in tranches: MD & CEO

In Q4 FY25, we recovered around Rs 1,666 crore, taking the total recovery for the full year to Rs 4,400 crore, Ashwani Kumar said

Indusind Bank board under scrutiny following Sebi's ex-parte interim order

Indusind Bank chairman Sunil Mehta commits to addressing board accountability after Sebi's order highlighted accounting discrepancies and senior management awareness

IndusInd Bank board speeds up CEO search as RBI's deadline nears

IndusInd Bank's board is rushing to submit CEO candidates to the Reserve Bank of India before the June 30 deadline following top executives' resignations over accounting lapses

Private banks see steepest fall in credit growth to 9.5% in FY25: RBI

RBI data shows private banks led credit slowdown in FY25, while retail loans grew faster than overall credit and savings deposit share continued to decline

CA Basque loses right to nominate director on bank's board, says Yes Bank

Carlyle affiliate trims Yes Bank stake to 4.22% via ₹1,774.89 crore block deals and loses board nomination right; senior resignations and strategic restructuring continue

Banks' asset quality to be stable amid global uncertainty: Moody's

Moody's expects Indian banks to maintain asset quality despite global economic tensions, with NPAs remaining in the 2-3 per cent range over the next 12 months

UCO Bank appoints Sumit Khandelwal as new chief financial officer

State-run UCO Bank has appointed Sumit Khandelwal as its new chief financial officer (CFO) with immediate effect, according to a regulatory filing. Khandelwal, who previously served as the general manager and the zonal head of the bank's New Delhi zone, replaces Sujoy Dutta as CFO. The 48-year-old banker holds bachelor's degrees in commerce and in law. He is also a qualified chartered accountant, cost accountant, and a certified associate of the Indian Institute of Banking and Finance (CAIIB), according to the filing. Khandelwal brings over 15 years of diverse banking experience, having served across multiple corporate branches, zones, and departments within the bank, it added.

June 2025 bank holidays: Keep your banking on track with these dates

Check out the dates and tips to keep your banking smooth with digital services, even when branches are closed

Kotak Mahindra Bank's Deputy MD Shanti Ekambaram to retire in October

Paritosh Kashyap, Group president and business head, Wholesale Banking Group, will be appointed as the whole-time director (executive director) and key managerial personnel

RBI to continue with supervisory measures for early risk identification

The Reserve Bank on Thursday affirmed its commitment to continue with its supervisory measures aimed at early identification of risks and vulnerabilities. The central bank would also focus on enhancing cyber resilience and capabilities of Supervised Entities (SEs) by implementing the recommendations of the inter-regulatory Working Group, which has uniform baseline cybersecurity guidelines for financial entities, it said in its annual report. It can be noted that over the last two-three years, the RBI has taken a slew of supervisory actions against entities, including business curtailment actions. "The Reserve Bank would continue with the supervisory initiatives aimed at early identification of risks and vulnerabilities, increasing the focus on the root cause of vulnerabilities, and harmonising the supervisory rigour across various segments of the financial system," the RBI said in its annual report. In the report, the RBI said the Indian banking sector is resilient, but added that

Listed banks post ₹94,228 crore profit in Q4; PSBs lead with 13% rise

Driven by strong public sector bank performance, listed banks saw a 4.4% YoY profit rise in Q4 FY25, despite private banks posting lower profits and muted NIMs

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