Page 4 - Banking Sector

Automobiles to pharma & healthcare: India Inc earnings stay in slow lane

Corporate profits remained weak in Q1FY26, amid single-digit growth in revenues for the ninth consecutive quarter

Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity

RBI accepts Rs 1.82 trillion at 8-day VRRR auction as banks roll over maturing funds from earlier operations amid surplus system liquidity

US tariff hike could pressure India's economy and banks, says CreditSights

India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India

RBI's AI panel calls for balancing innovation with risk mitigation

Seven sutras outlined for fair, transparent, and safe AI adoption

ICICI Bank posts lowest attrition rate among major pvt lenders in 3 years

During the last three financial years, the industry has also witnessed a sustained decline on a year-on-year basis

PNB set to sell NPAs worth ₹5,000 cr, eyes 50% minimum realisation: MD

In a bid to shore up recovery, the country's second-largest public sector lender Punjab National Bank (PNB) has identified about 100 non-performing asset (NPA) accounts for sale to asset reconstruction companies (ARCs) during the current financial year. "More than 100 accounts we have identified...the book size will be somewhere around Rs 4,000-5,000 crore. That is the outstanding book (for sale to ARCs)," PNB MD and CEO Ashok Chandra told PTI in an interview. Asked about the amount the bank can realise from the sale, he said, "We expect to recover something in the range of 40-50 per cent minimum. Through that route also, we are expecting a good recovery should happen this financial year". There may be an account where 100 per cent recovery is also going to take place because you have good security now, but in some cases it could be low, he said, adding that "we are anticipating that average recovery should be 40-50 per cent minimum". Chandra also said the bank has devised the righ

Cleanup, derisking key challenges before new IndusInd MD & CEO Rajiv Anand

Consolidation of balance sheet likely to top Rajiv Anand's agenda at the bank

Tamilnad Mercantile Bank targets completion of digital push by FY26

Private sector Tamilnad Mercantile Bank is set to complete its digital transformation programme -- commenced last year -- in a phased manner within the financial year. Last year, the Tuticorin-based bank had earmarked Rs 150 crore to implement a range of technology-driven upgrades. These include development of Oracle Human Capital Management (HCM) software, Oracle CX-Customer Relationship Management (CRM) software, Vendor Management software for centralised expense management, and paperless automation of approvals. "A sophisticated net banking platform (DEH) has been designed to enhance digital banking experiences for both retail and corporate clients. Ongoing projects such as website and mobile banking revamps are slated for phased completion within the current financial year," the bank's MD and CEO Salee S Nair told PTI. The bank was also engaged in completely revamping the internet banking and have roped in IT major Infosys for this. "I think, by December end we should also have

Min balance fine removal may benefit PNB in long run: MD Ashok Chandra

Our domestic NIM currently stands at 2.84 per cent. Including our overseas portfolio of Rs 55,000 crore, the global NIM is around 2.70 per cent, says Chandra

Loan growth dips in farm, services; MSMEs see sharp rise in June

The pace of credit growth on a Y-o-Y basis in retail and industrial credit also moderated in June 2025, Reserve Bank of India (RBI) data showed

PNB to focus on project financing to revive business loan growth: CEO

Apart from project financing, the bank will also target sectors such as real estate, rental discounting and data centres for lending opportunities, Chandra said

Key amendments to banking laws come into force from August 1, 2025

Reforms under the 2025 banking law include governance changes, enhanced audit rules and stronger depositor protection for PSBs, cooperative and private banks

Higher FDI cap won't affect PSBs' financial inclusion goals: UCO Bank CEO

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Credit Card in force stays flat in June; ICICI, Axis Bank cards decline

Credit card issuances remain flat in June 2025, with ICICI Bank and Axis Bank showing declines in card numbers, while overall spending drops sequentially

Public sector bank NPAs drop to 2.58% from 9.11% in 4 yrs: Finance ministry

Gross NPAs of public sector banks dropped from 9.11% in 2021 to 2.58% in 2025, driven by RBI and government reforms, stricter recovery laws, and improved asset resolution frameworks

UCO Bank Q1 results: Profit rises 10% to ₹607 cr, NPAs decline to 2.63%

State-owned UCO Bank on Monday reported 10 per cent increase in net profit at Rs 607 crore for the first quarter of current financial year. The Kolkata-based bank had earned a net profit of Rs 551 crore in the same quarter of the previous fiscal year. Total income rose to Rs 7,433 crore during the June quarter of 2025-26, from Rs 6,859 crore a year ago, UCO Bank said in a regulatory filing. Interest earned by the bank improved to Rs 6,436 crore, as compared to Rs 6,024 crore in the June quarter FY25. During the period, operating profit of the bank increased to Rs 1,562 crore from Rs 1,321 crore a year ago. The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.63 per cent of gross advances at the end of the June quarter, from 3.32 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 0.45 per cent from 0.78 per cent in the year-ago period. However, provisions for bad loans rose Rs 463 crore during the first quarter as compared to Rs 3

Indian Overseas Bank confident of maintaining profit of over ₹1K cr: CEO

Public sector Indian Overseas Bank was confident of maintaining its over Rs 1,000 crore net profit in the coming quarters. The city-headquartered bank had registered its first ever highest net profit of Rs 1,051 crore in the January-March 2025 quarter. "Exactly. One hundred per cent sure. We are very confident of maintaining this and growing it from here. If you see our net profits figure over the last two years, quarter on quarter, it is increasing. The graph has been very consistent," the bank's Managing Director and CEO Ajay Kumar Srivastava said. He was responding to a query from PTI on whether the bank was confident of maintaining the growth in the net profit during this financial year. He said, "in the fourth quarter of the last financial year (January-March 2025), the bank reported its highest ever net profit of Rs 1,051 crore and in June 2025 quarter, supposed to be a lean quarter, from that Rs 1,051 crore we have grown to over Rs 1,111 crore net profit, another highest eve

IBA urges banks to speed up ISO 20022 shift to avoid payment issues

Indian Banks' Association (IBA) has asked all banks to fast-track the implementation of the SWIFT ISO 20022 norms, failing which they may face difficulties in cross-border payments. In a letter recently written to heads of all banks, IBA Chief Executive Atul Kumar Goel said it is essential for lenders to begin migration by August 2025 to ensure sufficient buffer time for monitoring ISO 20222 transaction volumes. ISO 20022 is a global standard for financial messaging that the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is adopting for cross-border payments and reporting. This new standard for messaging aims to improve the payments flow through faster processing, visibility, cost reduction, enhanced reconciliation and increased interoperability. As many as 3 banks in India reached a migration percentage rate of above 85 per cent, while the majority of banks are still targeting migration closer to the global deadline of November 2025, the letter said. This ...

RBL Bank Q1FY26 results: PAT drops 46% to Rs 200 cr on lower core income

Private sector lender RBL Bank on Saturday posted a 46 per cent drop in its June 2025 quarter net profit to Rs 200 crore as it faced challenges on the core income front. The lender had posted a net profit of Rs 372 crore in the year-ago period, while the same figure had stood at Rs 69 crore in the preceding March quarter. Its core net interest income degrew 13 per cent to Rs 1,481 crore, impacted by an over 1.15 per cent drop in the net interest margin to 4.5 per cent against 5.67 per cent a year ago despite a 9 per cent loan growth. The other income grew 33 per cent to Rs 1,069 crore, which helped the bottom line. Its managing director and chief executive R Subramaniakumar said it has continued with the decline in the high-margin but high-risk unsecured portfolio, reducing the portfolio by as much as 10 per cent during the quarter and added that it is growing in areas like secured retail at 23 per cent. The CEO said the bank is maintaining its credit growth guidance of 14-15 per

HDFC Bank Q1 results: Net profit up 12.2% Y-o-Y to Rs 18,155 crore

HDFC Bank on Saturday posted a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore for the June 2025 quarter. The lender had reported a net profit of Rs 16,475 crore in the year-ago period. On a standalone basis, the country's largest private sector lender reported a net profit of Rs 18,155 crore for the reporting quarter, up from Rs 16,174 crore a year ago. Its total income jumped to Rs 99,200 crore in the June quarter from Rs 83,701 crore in the year-ago period. The total expenditure stood at Rs 63,467 crore against Rs 59,817 crore in the same period of the preceding fiscal, as per an exchange filing. The net interest margin narrowed to 3.35 per cent from 3.46 per cent in the first quarter of FY25, it said. The overall provisions jumped to Rs 14,442 crore from Rs 2,602 crore in the year-ago period, the bank said, adding that this includes a floating provision of Rs 9,000 crore. The gross non-performing assets ratio inched up to 1.4 per cent as of June 30 fr