Page 3 - Banking Sector

Reserve Bank of India cancels registration of 7 NBFCs, including 2 CICs

Central bank revokes certificates of registration after business exits, merger-related changes and CIC classification adjustments

'Total ECL-related provisioning requirement around ₹10,000 crore'

We expect to extend an additional Rs 18,000 crore- Rs. 20,000 crore of credit under the scheme. We have already identified eligible accounts, and the rollout will begin within the week, he said

J&K Bank aims for ₹5 trn biz, near-zero net NPA in 2-3 years: MD & CEO

MD & CEO Amitava Chatterjee says the bank aims to become a national player with a stronger retail footprint outside Jammu & Kashmir

Expect to match sector's credit growth: South Indian Bank CEO Seshadri

South Indian Bank MD & CEO PR Seshadri says low Stage-2 assets will help contain additional provisioning under ECL norms while the bank targets stronger margins and steady credit growth

SBI's Q4 net profit rises 5.6% due to a drop in non-interest income

Posts record yearly profit of Rs 80,032 crore; Shares plunge over 6% of margin compression

Bank of Baroda Q4FY26 results: Net profit rises 11.2% to ₹5,616 crore

The bank's non-interest income declined 16.2 per cent YoY to Rs 3,967 crore in the quarter

Bank of India Q4 net profit rises 15% on higher interest income growth

State-owned Bank of India posted a 15 per cent rise in fourth-quarter net profit, aided by higher interest income and improved asset quality

Bank of Baroda Q4FY26 results: Net profit rises 11% to ₹5,616 crore

Bank of Baroda (BoB) on Friday reported an 11 per cent rise in profit to Rs 5,616 crore during the March quarter. The state-owned lender had earned a net profit of Rs 5,048 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 36,609 crore, from Rs 35,852 crore a year ago, BoB said in a regulatory filing. The bank's interest income grew to Rs 32,642 crore, from Rs 30,642 crore in the fourth quarter of the previous financial year. However, net interest income (NII) in the quarter declined to Rs 12,494 crore, from Rs 11,020 crore in the same period a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.89 per cent of gross advances, as compared to 2.26 per cent by the end of March 2025. Similarly, net NPAs came down to 0.45 per cent of the advances, over 0.58 per cent at the end of 2025. The provision coverage ratio of the bank improved marginally to 93.94 per cent as on March 31, 2026. The bank's c

EAC-PM proposes social equity-led approach for priority sector lending

The EAC-PM has urged a review of India's priority sector lending norms, recommending a sharper focus on social equity and credit access for vulnerable groups

Indian banks' ROA peaking; NIM pressure to cap gains: McKinsey & Company

Indian banks' ROAs may have peaked at 1.4% in FY25, with declining net interest margins, rising costs and funding pressures expected to limit further profitability gains

Punjab & Sind Bank aims to cross total business milestone of ₹3 trn in FY27

State-owned lender Punjab & Sind Bank intends to achieve a milestone total business of Rs 3 lakh crore by end of the ongoing financial year helped by loan growth. "We have achieved total business of Rs 2.63 lakh crore in FY26, registering a growth of 15 per cent and hope to cross Rs 3 lakh crore during the current financial year," Punjab & Sind Bank MD and CEO Swarup Kumar Saha told PTI. The bank is expecting a credit growth of 16-18 per cent and deposit expansion of 13-14 per cent in the ongoing financial year, he said. With this kind of credit and deposit growth, he said, the bank can surpass Rs 3 lakh crore business mix, which is total of advances and deposits. To meet the credit expansion, the bank is also planning to raise resources from both equity and debt. Punjab & Sind Bank is eying to mobilise up to Rs 3,000 crore via share sale on a private placement basis in a bid to meet the minimum public shareholding (MPS) norms of market regulator Sebi. As per Sebi norms, ..

ECL shift may hit banks' CET-1, raise credit costs in initial years: Report

RBI's new expected credit loss framework may lower CET-1 ratios and increase provisioning in early years, though banks are likely to absorb the impact over time

Sebi approves change of control at RBL Bank in Emirates NBD stake deal

Emirates NBD's proposal to buy a 60 per cent stake in RBL for $3 billion was announced in October 2025

HSBC names Gautam Anand to lead Global India private banking unit

Anand, a veteran banker with 25 years of experience, will oversee HSBC's global India private banking franchise across India and key international hubs

Merchant bankers on board for ₹3,000 cr QIP: Punjab & Sind Bank MD & CEO

He said net interest margins have bottomed out and will increase in the current financial year

RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks

Nationwide capacity-building initiative aims to train 1.4 lakh UCB staff and strengthen governance, compliance and operational resilience in the sector

Automation nudges Axis, HDFC Bank, and RBL Bank towards a leaner workforce

Headcount cuts in FY26 reflect tech-led shifts in frontline roles

Earnings, currency stability key to FY27 equity performance: Devalkar

Valuations are now more balanced after the correction and advises investors to adopt a staggered approach to equity investing, says Devalkar

IBC overhaul: Hope for stalled dreams, debts as focus shifts to homebuyers

India's decade-old insolvency system is shifting its focus from lenders to becoming a lifeline for the ordinary citizen - the homebuyer

Companies to increase IT spending, expect more bang for their buck

IT budgets are expected to remain steady in 2026 as enterprises raise spending on AI, cybersecurity, and platform-led technology services beyond pilot-stage experimentation