Page 20 - Banking Sector

Shriram Finance Q4 results: Profit rises 10% to ₹21.39 bn, misses estimates

Analysts, on average, had expected a profit of Rs 22.24 billion, according to data compiled by LSEG data. The company's financing costs rose 31% in the quarter

DCB Bank Q4FY25 results: Net profit rises nearly 14% to ₹177 crore

Private sector lender DCB Bank on Friday reported a nearly 14 per cent increase in net profit to Rs 177 crore for the three-month period ended March 2025. The bank had reported a net profit of Rs 155.68 crore in the year-ago period. Its total income rose to Rs 1,961 crore in January-March quarter of the financial year (FY25) from Rs 1,581 crore in the year-ago period, DCB Bank said in a stock exchange filing. The bank's gross non-performing assets (NPA) stood at 2.99 per cent in the quarter under review as compared to 3.23 per cent in the year-ago period, while net NPA was at 1.12 per cent in Q4 FY25 as against 1.11 per cent in the year-ago period. The lender's board of directors has recommended a dividend of Rs 1.35 per equity share. This is subject to approval of the shareholders at the ensuing Annual General Meeting (AGM) and other requisite approvals. Shares of DCB Bank settled at Rs 127.10 on the BSE, down 1.55 per cent from the previous close.

RBI cancels licence of Imperial Urban Co-op Bank over inadequate liquidity

The Reserve Bank of India on Friday said it has cancelled the licence of Jalandhar-based Imperial Urban Co-operative Bank as the lender does not have adequate capital and earning prospects. The Registrar of Cooperative Societies, Government of Punjab has also been requested to issue an order for winding up of the bank and appoint a liquidator for the bank. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC). As per the data submitted by the bank, RBI said 97.79 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC. As on January 31, 2025 DICGC has already paid Rs 5.41 crore of the total insured deposits. Giving reasons for cancellation of the licence of Imperial Urban Co-operative Bank, the RBI said the continuance of the bank is prejudicial to the interests of its depositors. "The bank with its prese

Despite growth of e-transactions, ATMs see surge in orders, deployment

Hike in interchange fees may lead to more deployments in bank as well as white label ATMs

TMB to continue growing gold loan business in FY26, says MD & CEO Nair

The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore

Tamilnad Mercantile Bank Q4 results: Net profit up by 15% to ₹292 crore

The bank's deposits increased to Rs 53,689 crore, up from Rs 49,515 crore last fiscal

High SDF balances signal asymmetric liquidity conditions: RBI Bulletin

RBI report highlights precautionary cash hoarding and uneven fund distribution in banking system

Large banks to benefit from RBI's runoff factor move, say analysts

The new norms have allowed lowering the runoff factor on deposits from non-financial entities such as trusts to 40 per cent from 100 per cent

RBI asks banks to complete migration to bank.in domain by October 31, 2025

The actual registration process was expected to commence from April, with detailed guidelines to be issued later

BFSI consolidates dominance in Nifty 50 index, up 2.6x at 37.9% since 2004

The sector's dominance in the Nifty index comes on the back of a 50x increase in market capitalisation over two decades

EY not involved in forensic audit of MFI business, says IndusInd Bank

Bank has not engaged EY to conduct a forensic audit of MFI biz, the lender clarified

Business banking gives strong boost to ICICI Bank's domestic retail book

"Balance sheet growth was healthy in the context of the peer set, with business banking doing the heavy lifting," Yes Securities said in a report

ICICI Bank ends flat after hitting 52-week high on Q4 earnings boost

Shares of ICICI Bank ended on a flat note on Monday after climbing over 2 per cent intra-day as the firm reported a 15.7 per cent jump in March quarter consolidated net profit at Rs 13,502 crore. The company's stock went up by 2.15 per cent to Rs 1,437 -- its 52-week high level -- during the day on the BSE. It finally ended at Rs 1,409.40, up 0.20 per cent. On the NSE, shares of the firm rallied 2.08 per cent to reach the 52-week high of Rs 1,436 in intra-day trade. The stock later ended at Rs 1,408.10, up 0.10 per cent. The 30-share BSE Sensex jumped 855.30 points or 1.09 per cent to settle above the 79,000 mark at 79,408.50. The NSE Nifty climbed 273.90 points or 1.15 per cent to close at 24,125.55. The company's earnings were announced on Saturday. On a standalone basis, the second largest private sector lender's net profit for the January-March quarter came at Rs 12,630 crore, up 18 per cent, against Rs 10,708 crore in the year-ago period. The core net interest income moved u

CD ratio cut won't be as steep in FY26: HDFC Bank MD & CEO Jagdishan

CD ratio of HDFC Bank to return to pre-merger levels (85-90 per cent) in FY27

Yes Bank's Q4FY25 results: Net profit up 63.3% Y-o-Y at Rs 738.1 crore

Net interest margin (NIM) for Q4FY25 stood at 2.5 per cent compared to 2.4 per cent in Q4FY24

HDFC Life will keep margins range bound at 25-26%: MD & CEO Vibha Padalkar

Padalkar spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26

Empowering India's entrepreneurs: The transformative role of Mudra loans

Today, the Mudra loan has become a vital financial lifeline for the unorganised and underserved segments, driving livelihood generation and economic growth

IndusInd Bank elevates Santosh Kumar as deputy CFO effective April 18

Kumar to lead bank's finance and accounts functions

Yes Bank gets ₹244.2 crore tax demand notice for AY 2016-17 from I-T dept

Yes Bank on Wednesday said it has received a demand notice of Rs 244.20 crore for assessment year 2016-17. The reassessment order considered the income reported in the return of income instead of assessed income, for computing the reassessed income and tax thereon, Yes Bank said in a regulatory filing. Towards this, on April 15, 2025, the Jurisdictional Assessing Officer (JAO), passed the rectification order rectifying the mistake and recomputed the tax demand, it said. "The said rectification order read with Computation Sheet and Notice of Demand has however resulted into additional tax demand of Rs 244.20 crore...has been recomputed significantly upwards, without any cogent reasons," it said. Against this order, the bank would file rectification application with JAO on an immediate basis as the demand appears to be unsubstantiated, and further, the bank would pursue all other available remedies, including filing an appeal, it said.

Pradhan Mantri Mudra Yojana: Beyond the decadal journey to empower India

Most beneficiaries of PMMY are first-generation entrepreneurs with humble beginnings that have been able to break free from the financial constraints faced by them