Page 2 - Banking Sector

Small finance bank label a key hindrance for expansion, say experts

With clearer RBI norms, easing microfinance stress and digital-first models, small finance banks are set for steady growth and deeper reach among underserved customers

Cautious confidence: Amid uncertainty, banks seek to steer with stability

Even as banks boast healthy books, concerns remain across the financial landscape. Raghu Mohan and Abhijit Lele explain why work is not yet complete

SBI will double its balance sheet in 6-7 years: SBI chairman CS Setty

There is greater confidence among banks to lend to MSMEs because of data availability, and clarity in terms of their business models, says Setty

Any firm not taking IT seriously will not sustain for long: Bhattacharya

Former SBI chief Arundhati Bhattacharya says AI is reshaping leadership and banking, urging firms to embrace technology to drive inclusion, agility and better customer service

CSB Bank profit flat in Q3; shares dip 16% as asset quality deteriorates

CSB Bank's Q3 profit inched up to Rs 153 crore, but shares fell over 16% as asset quality weakened sequentially and credit costs rose despite strong loan growth

Banking operations hit as unions go on nationwide strike for 5-day week

Banking operations at public sector banks across the country were impacted on Tuesday as the United Forum of Bank Unions (UFBU) went on nationwide strike demanding the immediate implementation of a five-day work week. The strike call by the UFBU, an umbrella body of nine unions representing officers and employees, comes after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to yield a positive outcome. "Since there was no positive outcome and the government did not agree to our demand, hence this strike is forced on us. Bank employees and officers are highly aggrieved that they alone are being discriminated against," All India Bank Employees Association (AIBEA), a constituent of UFBU, general secretary C H Venkatachalam told PTI. Most branches of public sector banks across the country were either completely closed or partially closed as both employees and officers were observing Tuesday's strike. Services such as cash deposits, withdrawals, cheque ...

Banking ops to be hit on Tuesday as unions strike for 5-day work week

Banking operations of public sector banks across the country are likely to be impacted on Tuesday with the United Forum of Bank Unions (UFBU) deciding to go ahead with a nationwide strike on January 27 to press for the immediate implementation of a five-day work week. The strike call by the UFBU, an umbrella body of nine unions representing officers and employees, comes after a conciliation meeting on January 23 with the chief labour commissioner failed to yield a positive outcome. With banks remaining closed on January 25 (Sun) and January 26 (Republic Day), the strike on Tuesday will result in a disruption of branch-level services for three consecutive days. "Despite detailed discussions during the conciliation proceedings, there was no assurance on our demand. Hence, we have been compelled to proceed with the strike action," All India Bank Employees Association (AIBEA), a constituent of UFBU, General Secretary C H Venkatachalam told PTI. All India Bank Officers' Confederation ..

Axis Bank Q3 results: Net profit rises 3% to ₹6,490 cr, NII at ₹14,287 cr

Following several quarters of slower growth, lenders reported double-digit loan growth in the Oct-Dec period, as the local festive season and sweeping consumption tax cuts spurred consumer spending

Value of CDs climbs to ₹5.75 trillion, rates cross 7% for marquee banks

Deposit tightness has pushed certificate of deposit outstanding to a record ₹5.75 trillion, with marquee banks raising one-year funds at over 7%

Directors' cut: Bank board reform hangs in balance amid governance rethink

As the banking landscape grows more complex, board oversight requires urgent finetuning. Expect Mint Road to tighten governance frameworks

Our biz evenly split; 50% each from J&K and rest of India: J&K Bank CEO

J&K Bank expects gross NPAs to fall below 2% in two years as recoveries stay strong, even as margins face pressure from cumulative repo rate hikes

Arijit Basu: The veteran SBI banker who will now chair IndusInd Bank

Arijit Basu quits HDB Financial Services and is appointed part-time chairman of IndusInd Bank, replacing Sunil Mehta, who demits office at end of his term

On track to achieve ₹25 trn business by Dec 2030: Indian Bank MD & CEO

Indian Bank's Q3 FY26 profit rose 8% as strong RAM loan growth, steady CASA ratio and cautious pricing lifted margins, with MSMEs and retail driving advances

Banks raise Rs 89.5k crore via CDs in December fortnight, rates surge

Banks raised Rs 88,512 crore through certificates of deposit in the last fortnight of December as deposit growth lagged credit growth, pushing short-term borrowing rates above 7 per cent

IndusInd Bank chairman Sunil Mehta to step down, Arijit Basu to succeed

Mehta will be succeeded by Arijit Basu, who most recently was the chairman at non-banking finance ​company HDB Financial Services, a unit of India's top private lender HDFC Bank

Bandhan Bank rallies 6% as brokerages upgrade stock, see up to 27% upside

Motilal Oswal said the bank's operating performance is "turning around", supported by stabilising margins, improving asset quality and a gradual recovery in return ratios.

Indian Bank Q3FY26 results: Net profit rises 8% to ₹3,146.88 crore

The Chennai-based lender made Rs 2,909.73 crore in consolidated net profit in Q3 FY25

Rate cuts drive stronger loan growth, boosting profits for India's banks

Banks will see loan growth pick up in the October-December quarter after the RBI's rate cuts last year and the 100 basis points cut to the cash reserve ratio in June

Federal Bank's Q3FY26 results: Net profit rises 9% to ₹1,041 crore

Federal Bank posted a near 9% rise in Q3 FY26 profit, driven by higher income, better margins and improving asset quality, with growth momentum set to continue

Union Budget 2026-27: Here're key challenges in financial services sector

Rising unsecured loans, fintech-led credit growth and UPI frauds are straining NIMs, pushing NBFCs to seek refinance support, tax relief and easier recovery norms