Page 21 - Banking Sector

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

TJSB Sahakari Bank plans to acquire two more UCBs and expand its business

Sharad Gangal, chairman, TJSB Sahakari Bank, told Business Standard that the bank will continue to look for inorganic growth opportunities

Deposit interest rate cuts likely to be moderate in current cycle

High CD ratio, LCR norms, and possible increase in deposit insurance to weigh on banks' decisions

Bank of India cuts home loan rates by 25 basis points, effective April 15

This move is aimed at making home ownership more accessible and affordable, in line with the bank's ongoing commitment to support customers in achieving their financial goals

Financials of urban co-operative banks' have been good: RBI Governor

Malhotra also said that at the system level, co-operative banks, NBFCs, and banks are all safe, secure, and robust